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loss,

California’s $68 billion deficit: Housing costs, population loss, remote work, and income tax decline contribute. Ouch.

December 22, 2023 8:45 pm

California faces a record $68 billion deficit — here’s what is eating away at the Golden State’s coffers. California has also lost residents and businesses — and therefore, tax revenue — in recent years. The Golden State’s population declined for …

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Twitch to shut down in Korea over expensive network fees which caused the Amazon owned streaming service to operate at a significant loss.

December 7, 2023 11:27 am

Twitch, the popular video streaming service, plans to shut down its business in South Korea on February 27 after finding that operating in one of the world’s largest esports markets is “prohibitively expensive.” Twitch CEO Dan Clancy said the firm …

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Categories Markets Leave a comment

Former ‘Extreme Weight Loss’ Contestant Dies Suddenly at 40 — No Cause of Death Given

November 15, 2023 11:40 pm

Brandi Mallory, who made a name for herself after being featured on Extreme Weight Loss in 2004, has died. She was 40. A cause of death was not given. Along with being part of the popular reality show, Mallory was …

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Categories Markets Leave a comment

Michael Burry Liquidates “Big Short” After Suffering Big Loss; Doubles Down With Bet Against Semiconductors

November 14, 2023 10:32 pm

Six months ago, when looking at Michael Burry’s Q1 13F which in turn followed just a few months after the famous permabear admitted he had been wrong to urge his followed to sell… … we found that the Big Short had …

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Categories Markets Leave a comment

Bank of America’s $130 Billion Unrealized Loss; Big Banks Cook Up New Way to Unload Risk

November 8, 2023 4:19 pm

Bank of America $BAC has a $130 billion unrealized loss on their balance sheet and only has $29 billion in income in the last 12 months. pic.twitter.com/MC6LY3ET2F — Kevin Malone (@Malone_Wealth) November 8, 2023 WSJ: Big Banks Cook Up New …

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World’s largest Wind Energy developer cancels two huge projects in NJ. Company takes $4 Billion loss.

November 1, 2023 9:57 pm

ATLANTIC CITY, N.J. — Wind energy developer Orsted is writing off $4 billion, due largely to the cancellation of two large offshore wind projects in New Jersey whose financial challenges mirror those facing the nascent industry. It added fresh uncertainty to …

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Categories Markets Leave a comment

With Elon’s recent $28 billion loss, Toyota says ‘people are waking up to reality’ that EV adoption will be an uphill battle

October 26, 2023 9:53 pm

Toyota’s chairman and former CEO, Akio Toyoda, has long been a skeptic of the electric vehicle hype train—it was a big reason he stepped down from the top job at the Japanese carmaker earlier this year. Now, he can finally …

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Categories Markets Leave a comment

“Weight Loss Drug” Causing Stomach Paralysis

October 18, 2025 9:17 pmJuly 27, 2023 7:11 pm

by Chris Black It was totally insane to put these on the market. Taking a drug for weight loss is like taking a drug for driving too fast. Like, imagine taking a drug to change a behavior.… Continue reading by …

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FALLOUT: Bud Light only has a few months to prevent sustained market share loss, warns former Anheuser-Busch sales exec.

June 6, 2023 10:05 pm

via fortune: Come September, retailers are expected to begin reallocating the limited shelf space by relying on sales data from the preceding months. In Bud Light’s case, that could mean a diminished presence going forward following the controversy over its …

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