German Economic Sentiment Improves Sharply: ZEW

Germany’s economic sentiment improved strongly in November to its highest level in five months on hopes that inflation is set to ease in the coming months, results of a closely-watched survey showed Tuesday, though the overall outlook for the biggest euro area economy is bleak. The indicator of economic sentiment rose 22.5 points to minus […]

Credit card balances see largest annual jump in more than 20 years

video Lower-income households getting ‘creamed’ by ‘high’ inflation: Mark Zandi Moody’s Analytics chief economist Mark Zandi argues the stock market’s a ‘tough place to be’ when the Fed is raising rates. Americans feeling the squeeze from months of persistently high inflation are increasingly leaning on credit cards, according to new data showing balances surged year […]

UK Unemployment Rate Rises In Q3

The UK unemployment rose slightly in the third quarter ahead of the economy entering a prolonged period of recession. The ILO jobless rate rose slightly to 3.6 percent during July to September from 3.5 percent in three months to August, the Office for National Statistics said Tuesday. The rate was forecast to remain unchanged at […]

Rail strike threat escalates as third union rejects deal

video Second rail union rejected Biden deal over lack of sick leave, BRS president says Brotherhood of Railroad Signalmen President Michael Baldwin argues that rail union want to collaborate in ‘good faith,’ and avoid a strike. The International Brotherhood of Boilermakers (IBB) announced Monday its members voted against ratifying a tentative agreement with the major […]

A survival guide for when you’ve been laid off

video Big Tech layoffs: ‘Worst is on the way,’ tech insider says Microsoft, Meta, Twitter and other big tech firms will continue layoffs and hiring freezes as companies look to cut costs, Bay Area recruiting site founder says. You can’t predict whether you’ll be laid off, but you can have a solid plan in case […]

Wendy’s Q3 Adj. EPS Tops Estimates; Backs FY22 Profit Outlook

The Wendy’s Co. (WEN) reported on Wednesday that profit for the third quarter increased 23 percent from last year, driven by higher operating profit and double-digit revenue growth. Adjusted earnings per share topped analysts’ estimates by a penny, while quarterly revenues missed their estimates. The company also maintained its adjusted earnings guidance for the full-year […]

Eurozone Sentix Investor Confidence Improves In November

Corrects first para Eurozone investor confidence rose more-than-expected in November reflecting the easing situation on the European gas and electricity markets, survey results from the behavioral research institute Sentix showed Monday. The Sentix investor sentiment index rose to a three-month high of -30.9 in November from -38.3 in October. The score was forecast to rise […]

What are franking credits, and how do they work?

After a fierce and ultimately fruitless battle over franking credits three years ago, the Labor government earlier this year announced a new, albeit small, change to the controversial taxation system. The news sparked conversation from both detractors and supporters of franking credits. But for such a fiercely debated topic, there are many Australians who don’t […]

Facebook parent Meta planning massive layoffs this week: report

video Facebook’s business model is broken: Market expert Needham Senior Analyst Laura Martin discusses Meta’s one-day crash ranking the worst in stock market history and weighs in on the future of the company. Facebook parent company Meta Platforms is planning to let go of thousands of employees this week, marking the first wide-ranging layoffs in […]

BMW Q3 Profit Climbs, Backs FY22 View; Stock Down

German luxury carmaker BMW AG reported Thursday higher profit and sales in its third quarter benefited by strong pricing, despite weak margin and slight drop in Automotive deliveries. Looking ahead, the company maintained fiscal 2022 forecast for significantly higher earnings, and slightly lower sales with weak deliveries. In Germany, BMW shares were losing around 4 […]