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“Car prices are about to drop, an oversupply of vehicles will lead to manufacturers slashing prices. There are too many cars and not enough buyers. UBS reports that the production of cars is outpacing sales by 6%, this leaves about …
Report: NYC Mayor Eric Adams to Cut Services for New Yorkers So Migrants Can Stay in Hotels Free of Charge New York City Mayor Eric Adams (D) is set to funnel billions in local taxpayer money to the powerful hotel …
Los Angeles Times to cut 74 newsroom positions amid advertising declines. The Los Angeles Times is cutting its newsroom staff, becoming the latest news organization to contract amid economic pressures brought on by advertising and print readership declines. The Times is …
via CNBC: Millionaire investors are adding to their mountains of cash, betting on higher interest rates and weak stock markets in 2023, according to the CNBC Millionaire Survey. More than a third of millionaire investors, 34%, report keeping more of …
Some US banks are preparing to sell off property loans at a discount even when borrowers are up to date on repayments, a sign of their determination to reduce exposure to the teetering commercial real estate market, per FT. — …
*SAUDI PLANS NEW OIL CUTS AS PART OF OIL DEAL It’s important to note here that every Saudi cut = loss of market share + subsidy for other producers Saudi’s tried this up until 2015 to support prices until they …