Text size Ford is aiming to sell two million EVs globally a year by 2026. Christof Stache/AFP via Getty Images Ford Motor and Korea’s SK Innovation sealed the deal on the creation of a joint venture t...
Tag: Spending
TSMC Hikes Outlook Yet Delays Spending as Uncertainty Persists
(Bloomberg) — Taiwan Semiconductor Manufacturing Co. raised its 2022 revenue forecast while warning it will trim spending on expansion by as much as 9% from initial projections, reflecting uncer...
‘How much would I end up spending?’ I’ve got $10 million in assets, and am thinking about hiring a financial adviser. How much will this really cost me though?
Are you paying your financial adviser in the right way? Getty Images/iStockphoto Question: What is an appropriate wealth management rate? I’d have assets under management of $10 million, and I’m assum...
Compass Mining to Cut Salaries, Spending and 15% Staff
Compass Mining said that it is cutting salaries, spending and 15% of its team. The Bitcoin mining company also stated that pay cuts were up to 50% for senior employees and the executive team. “W...
Kremlin slashes spending by £24bn as West’s sanctions batter Russia
Putin The Kremlin is poised to cut future spending plans by £24bn as Western sanctions against Russia bite. Defence, technology and transport budgets are all set to be trimmed, according to Russian me...
Crypto Credit Card For High Net Worth Individuals Has No Spending Limit
Crypto Credit Card: A no-limit global crypto Visa card has been launched in UAE. If you are offensively rich and don’t mind handing over your crypto to back your claims of wealth, then this could be f...
Micron’s Dim Outlook Suggests Tech Spending Is on the Wane
(Bloomberg) — Micron Technology Inc. gave a surprisingly downbeat forecast for the current quarter after demand for phones and computers weakened, but vowed to move aggressively to stave off a c...
Consumer Confidence Is Crumbling Despite Economic Expansion
Getty Images Key takeaways The Consumer Confidence Index fell 4.5 points between May and June to its lowest point since February 2021 (98.7) Despite low consumer confidence, the economy continues to e...
Crypto Companies Slash Ad Spending By 90% Amid Market Jitters
Numerous crypto companies are slashing their marketing budgets, despite the need to regain customer confidence in the asset class, which has fallen in recent months. After spending millions on multipl...
Ad spending by big crypto firms plunged 90% after Bitcoin’s all-time high
Following the crypto market meltdown in 2022, most companies in the space are now cutting down their marketing spending after splashing millions on different advertisement deals. The overall spending...
Crypto Industry’s Ad Spending Collapses by 90%
Alex Dovbnya Cryptocurrency ad spending blitz came to an end after prices crashed According to data provided by market intelligence and analytics firm Sensor Tower, cryptocurrency marketing has collap...
Premier League Loan Rules Help Drive Promoted Teams’ Spending Sprees
James Garner, Brennan Johnson, Keinan Davis and Djed Spence of Nottingham Forest celebrate winning … [+] the Sky Bet Championship Play-Off Final match against Huddersfield Town at Wembley Stadiu...
TELUS Corp is spending $2.3 billion to make this acquisition
Telus Corporation (NYSE: TU) has announced a definitive agreement with LifeWorks Inc., under which it will purchase all outstanding and issued LifeWorks common shares at $33 per share. The offer repre...
Consumer Spending Is Running Out Of Steam and the Market Isn’t Ready For It
(Bloomberg) — A key source of US economic growth this year — consumer spending — is showing signs of losing steam, even before Wednesday’s round of Federal Reserve rate hikes kick in...
small businesses cutting spending as they prepare for the worst
During the pandemic, Aaron Mulherin would travel as far as 150 miles from his home in Marion, Iowa, to do jobs for his glass installation company. But with a gallon of gas in Iowa now going for $4.73,...
Hawks’ Arguments For Jacking Up Pentagon Spending Make No Sense
Congress is starting work on next year’s Pentagon budget, and the hawks like Sen. James Inhofe (R-Okla.) and Rep. Mike Rogers (R-Ala.) are already pushing to authorize tens of billions of dollars more...
More Spending In 2022, Cutbacks In 2024
Personal savings 2019-2022 Dr. Bill Conerly based on data from Bureau of Economic Analysis Consumers in America will keep spending in 2022 despite inflation running higher than wage gains. Average hou...
Philippine Developer Megaworld Boosts Capital Spending To $945 Million
Workers stand on scaffolding at a construction site in Manila. Basilio H. Sepe/ Majority World/Universal Images Group via Getty Images Megaworld, the real estate developer owned by billionaire Andrew ...
Truflation updates its inflation index to better reflect real consumer spending
Truflation, the world’s leading independent inflation index, is now able to offer a more accurate reflection of consumer spending, thanks to a revolutionary new feature announced today. With data on c...
3 retail stocks to watch after Target’s latest consumer spending warning
The home furnishings industry could become awash with much cheaper goods thanks to a second consecutive warning on the health of the consumer from discounter Target. Target is aiming to cut inventory ...
Bank of America is ‘cautiously optimistic’ as consumer spending up 9% in May
Apparently, consumers were willing to spend more in May, despite the worsening buying conditions and poor sentiment. Bank of America’s (NYSE: BAC) latest Consumer Checkpoint report showed that consum...
NBA Crypto Sponsorship Spending Increased 7,300% This Season: Report
In brief Crypto industry firms spent a combined $130 million on NBA sponsorship deals this season, up from just $1.75 million the previous season. Coinbase, FTX, Crypto.com, and Socios are among promi...
The Best Retirement Spending Advice From Our Readers
Regarding “rules” for budgeting in retirement, I set aside $100,000 in what I call my “Stuff Happens” account. It’s designed to get me through five years of unexpected and one-time expenses. My buddie...
Top 2 beauty stocks to benefit from increased consumer spending on cosmetics
More recent earnings by large retail companies were not all that great, indicating that consumers might have difficulties coping with inflation. However, the most recent developments in consumer spend...
GSK Stock: How It’s Spending Up To $3.3 Billion To Square Off With Pfizer, Merck
GlaxoSmithKline (GSK) is squaring off with Pfizer (PFE) and Merck (MRK) after announcing Tuesday a $3.3 billion deal to buy pneumonia vaccine-maker Affinivax. But GSK stock dipped at the close. X The ...
China to Airdrop 30 Million Digital Yuan to Increase Consumer Spending – crypto.news
The city of Shenzhen will be airdropping 30 million digital yuan to residents as a way to increase people’s consumption and support businesses. Shenzhen Residents to Receive 30 Million Digital Yuan ...
$30m e-CNY Airdropped in Shenzhen to Boost Consumer Spending
The use of China’s Central Bank Digital Currency (CBDC) is currently being boosted by the city of Shenzhen, according to reports that the authority has airdropped 30 million Digital Yuan (e-CNY) to it...
City of Shenzhen airdrops 30M in free digital yuan to stimulate consumer spending
According to local news outlet Shanghai Securities News, the city of Shenzhen will airdrop 30 million digital Chinese yuan (e-CNY) to local residents in an attempt to revitalize consumer spending. Th...
Opinion: Early retirement in 3 steps: Follow the ‘Cashing Out’ couple’s road map to financial freedom
A couple of months ago, our five-year-old son was relieved to find out that he could have two best friends. For weeks he’d been stuck in an innocent adolescent triangle where both kids wanted him to b...