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Economics, and Finance articles. Engine @reddit2telegram Sister channel @r_war
America’s largest economy is falling out of love with Tesla—and it’s only going to get worse
https://metropost.us/americas-largest-economy-is-falling-out-of-love-with-tesla-and-its-only-going-to-get-worse/
https://redd.it/1ej4zmq
@r_econ
US targets surging grocery prices in latest probe | Reuters
https://www.reuters.com/markets/us/us-targets-surging-grocery-prices-latest-probe-2024-08-01/
https://redd.it/1eixbcf
@r_econ
“I compete in the Olympic Games TOMORROW and can’t even pay my rent.”... Veronica Fraley, an American track-and-field star.... The post grabbed the attention of Ohanian — (redditor cofounder) who promptly sent her $7,760 on Venmo.
Some may not know this, but most Olympians need a 2nd (or 3rd) job to support chasing the dream (myself included!),” she wrote. “Most teams rely on sponsors for travel, accommodations, nutritional support, rent/lodging, and simply affording to live in this day and age.
Especially female sports and female athletes.
Beyond celebrity donations, Olympic athletes and their families have been raising money for their training and expenses through crowdfunding campaigns. Fraley’s GoFundMe campaign has generated over $15,000 from more than 400 promised donations less than 24 hours after it launched on Thursday.
One of the most high-profile campaigns benefited Dylan Beard, an Olympic hopeful in hurdles and full-time employee at the deli counter at a Walmart in North Carolina. Since he appeared on the Today show in April, Beard’s GoFundMe has raised more than $55,000. (Unfortunately, Beard ultimately didn’t qualify to compete in the 2024 Games.)
The fundraising trend isn’t exclusive to the U.S. Athletes from Australia and Great Britain, among other countries, are also running crowdfunding campaigns to help them pursue their dreams.
Some athletes are even using crowdfunding in retirement.
A campaign for Mary Lou Retton, the legendary American gymnast who won five Olympic medals in 1984,
originally set a fundraising goal of $50,000 to help cover her extensive medical debts related to her battle against a rare form of
pneumonia. The campaign, launched last year on the Spotfund platform, has now amassed more than $450,000.
If the Summer Olympics have you feeling patriotic, there’s an easy way to show your support for America’s athletes: give them money.
https://money.com/celebrities-crowdfunding-help-olympians-pay-bills/?
https://redd.it/1eiqtsu
@r_econ
Chase Credit Card To Ban 'Buy Now, Pay Later' Schemes Starting Oct. 10 - Here's Why
https://www.ibtimes.co.uk/chase-credit-card-ban-buy-now-pay-later-schemes-starting-oct-10-heres-why-1725949
https://redd.it/1eihgkn
@r_econ
14 states had at least 2 job openings for every unemployed person in May 2024
https://www.bls.gov/opub/ted/2024/14-states-had-at-least-2-job-openings-for-every-unemployed-person-in-may-2024.htm
https://redd.it/1eig9vn
@r_econ
Shoplifting increases 24% in first half of 2024.
https://www.newsweek.com/rates-shoplifting-reach-staggering-level-1933286
https://redd.it/1eicfd7
@r_econ
The Sahm recession indicator triggered in July. Now both this and the Kantro indicator are signaling that a recession already started. Both have a perfect record since 1970.
https://redd.it/1eiasmt
@r_econ
July jobs report: US labor market adds 114,000 jobs, unemployment rate jumps to 4.3%
https://finance.yahoo.com/news/july-jobs-report-us-labor-market-adds-114000-jobs-unemployment-rate-jumps-to-43-190219898.html
https://redd.it/1ei8vua
@r_econ
Amazon just gave a bleak sign about the economy
https://www.reddit.com/r/wallstreetbets_wins/s/J3BUX7X8Zp
https://redd.it/1ei5913
@r_econ
Americans aren't spending like they used to, and it's forcing a reckoning for companies from Starbucks to Whirlpool
https://www.reddit.com/r/wallstreetbets_wins/s/AbhoqZdV1V
https://redd.it/1ei4gye
@r_econ
September Rate Cut Would Thrust Fed Into Brutal Election Campaign
https://www.wsj.com/economy/central-banking/fed-interest-rate-cut-inflation-politics-a6e527de?st=hpf6i4s31jkx6s1
https://redd.it/1ehn8kh
@r_econ
Intel shares fall 20% on plans to cut 15,000 jobs
https://www.ft.com/content/166d25c5-5d26-4a3e-bd37-d4394306b596
https://redd.it/1ehv1ke
@r_econ
Corporate insiders are dumping stock at the fastest rate in more than a decade
https://www.marketwatch.com/story/corporate-insiders-are-dumping-stock-at-the-fastest-rate-in-more-than-a-decade-4cc5ed3a
https://redd.it/1ehq70e
@r_econ
Senate GOP blocks bipartisan bill to expand child tax credit
https://thehill.com/business/4805927-senate-republicans-block-child-tax-credit-bill/
https://redd.it/1ehp2ru
@r_econ
Rep. Ilhan Omar Introduces Bill To Punish Corporations For ‘Shrinkflation’
https://www.huffpost.com/entry/ilhan-omar-shrinkflation_n_66abcfa3e4b029f42a0949ab
https://redd.it/1ej1cca
@r_econ
An OpenAI-Backed Nonprofit Gave $1,000 a Month to Poor People. Here’s What They Did With It
https://www.wired.com/story/sam-altmans-big-basic-income-study-is-finally-out/
https://redd.it/1eiwy2k
@r_econ
America’s largest economy is falling out of love with Tesla—and it’s only going to get worse
https://finance.yahoo.com/news/america-largest-economy-falling-love-144319854.html?guccounter=1&guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS8&guce_referrer_sig=AQAAAMsKBy22knBEHKiXPCwg7Oe9kX4XAIoqb7Q9X82IyU8V082U7W98EUG37T7pK-Oo0s6pc0I2VdA2NxRpeOSDZfapvMolw60cT6mjpUGP-ebEl-pSVskxlVxxwxIKRJq7pwEXvs85pfyiafMfThiDZYGsFNbvS_8JW-vwYVe0lr_N
https://redd.it/1eiv05p
@r_econ
Intel's stock drops 30% overnight —company sheds $39 billion in market cap
https://www.tomshardware.com/pc-components/cpus/intels-stock-drops-30-overnight-company-sheds-dollar39-billion-in-market-cap
https://redd.it/1eij7yj
@r_econ
Bitcoin to pay off the national debt? Trump thinks it’s possible.
https://redd.it/1eihb8l
@r_econ
Americans without college degrees saw the biggest jump in unemployment
https://redd.it/1eiaclf
@r_econ
Dow plunges over 900 points after weak jobs report sparks recession fears
https://nypost.com/2024/08/02/business/dow-plunges-over-900-points-after-weak-jobs-report-sparks-recession-fears/
https://redd.it/1eid3wn
@r_econ
July jobs report: US labor market adds 114,000 jobs, unemployment rate jumps to 4.3%
https://redd.it/1ei90a3
@r_econ
Intel is laying off over 15,000 employees and will stop ‘non-essential work’
https://www.theverge.com/2024/8/1/24210656/intel-is-laying-off-over-10000-employees-and-will-cut-10-billion-in-costs
https://redd.it/1ei82on
@r_econ
Sen. Elizabeth Warren unveils bill that would build ~3 million housing units by increasing the inheritance tax
https://archive.is/M1uTd
https://redd.it/1ei0hmx
@r_econ
Intel is laying off over 15,000 employees and will stop ‘non-essential work’ / After losses, the chipmaker is cutting $10 billion in costs.
https://www.theverge.com/2024/8/1/24210656/intel-is-laying-off-over-10000-employees-and-will-cut-10-billion-in-costs
https://redd.it/1ei01x7
@r_econ
Biden administration proposes new rule banning airlines from charging parents extra fees for their kids to sit next to them
https://www.cnn.com/2024/08/01/business/biden-ban-airlines-parents-extra-fees-kids-seating/index.html
https://redd.it/1ehvjup
@r_econ
Republicans Block Bill That Would Have Cut Taxes For Families
https://www.yahoo.com/news/republicans-block-bill-cut-taxes-185808507.html
https://redd.it/1ehvsxu
@r_econ
Americans aren't spending like they used to, and it's forcing a reckoning for companies from Starbucks to Whirlpool
https://www.businessinsider.com/shoppers-spending-less-retailers-brands-cutting-prices-economy-explained-why-2024-7
https://redd.it/1ehr6ac
@r_econ
Fed Chair Accused of 'Trying to Get Donald Trump Elected' by Keeping Rates High | Common Dreams
https://www.commondreams.org/news/powell-interest-rates
https://redd.it/1ehk5dv
@r_econ