Monthly Archives: November 2022

After a 17-year reign plagued with debt and fan outrage, the Glazer family is selling English soccer club Manchester United. Following the announcement, Manchester United, listed on the New York Stock Exchange as ticker MANU, surged 62% to add nearly … Continue reading →

Shares of Activision Blizzard declined 4% in after-hours trading Wednesday following reports that the Federal Trade Commission will likely file its rumored antitrust lawsuit against Microsoft within the next two months. Microsoft is the owner of Xbox, one of the … Continue reading →

Disney announced early Monday that its former CEO, Bob Iger, would return in wake of the recent dismissal of Bob Chapek, who has held the CEO title at the company since early 2020. Chapek had recently come under scrutiny over … Continue reading →

Credit Suisse is expecting a pretax loss of $1.5 billion in Q4. Recent reports highlight that a significant share of its wealth management, asset management, and retail banking customers have switched their cash holdings and investments to rival institutions. Across … Continue reading →

Black Friday online sales reached a record high of $9.12 billion, an increase of 2.3% YoY, while brick-and-mortar traffic declined significantly, with reports of empty stores and parking lots across the country. According to Adobe Analytics, online sales growth was … Continue reading →

President Joe Biden announced on Tuesday that an extension of the pause on federal student loan payments and interest would continue into the first half of 2023. Biden’s plan to cancel student debt for tens of millions of Americans remains … Continue reading →

A tightening Federal Reserve policy is raising the burden on household interest rates, leading to a sharp decline in excess savings. The pandemic marked rapid growth in excess savings and drove household wealth significantly higher. The personal savings rate has … Continue reading →

Beijing reported 1,854 new Covid-19 infections on Thursday, up from 1,611 new cases on Wednesday, marking new all-time highs for China’s wider outbreak. Grocery store delivery services are running out of capacity, as the sharp rise in Covid-19 cases trigger … Continue reading →