Shopify fails projections and gives grim guidance
Inflation and rising interest rates will reduce consumer spending in 2022, the business said. Shopify’s…
HNWI
Mortgage demand falls even as rates fall
Last week, 30-year fixed-rate mortgages with conforming loan balances ($647,200 or less) averaged 5.74%, down…
“Doctor Doom” says the US will have a very bad recession
The warning comes from well-known economist Nouriel Roubini as the Fed tries to stop inflation…
The Secret to LVMH’s Success in the Luxury Industry
The world’s top luxury firm is cautiously bullish after a great second quarter. The French…
The US is now the world leader in LNG
European demand growth is driving a rise in American energy exports. Increases in energy consumption…
Eurozone benefits from Russian frozen assets
European clearing house makes millions on confiscated funds. Euroclear, which is one of the major…
Some analysts say the Walmart washout is a rare buying opportunity
Some analysts say Walmart’s stock fall after a disappointing profit warning is a great time…
McDonald’s has disclosed the costs associated with leaving Russia
A local business bought the fast-food chain’s assets. McDonald’s has made public the expenses that…
EU urged to approach Africa as a commercial partner, not aid recipient
The European Union (EU) is competing with China for business and investment opportunities in Africa….
High oil prices will continue
OPEC and U.S. shale producers are apprehensive about expansion. Both OPEC and U.S. shale producers…
