Everything indicates that growth will be slower: US industrial companies experience significant business slowdown in China; Student loan payments resume in September.

Industrial US companies are seeing their businesses in China slow down considerably. DuPont, Dow and Caterpillar have cut their sales outlook for the country into this year. https://t.co/LJ0ARJ9jMW Tesla cut prices in China again. https://t.co/tuTnwNZFSO — Lisa Abramowicz (@lisaabramowicz1) August …

READ MORE

Mega Millions $1.58 Billion Jackpot Won By One Ticket In Florida… You can choose a $1.55 billion over 29 annual payments, or a cash lump sum of approximately $752.2 million, per Reuters. Which do you choose?

https://www.megamillions.com/ https://www.megamillions.com/News/2023/Estimated-Mega-Millions%C2%AE-Jackpot-Now-at-$1-58-Bill.aspx $1.58 Billion annuity prize paid out in 30 yearly installments. That is = $783.3 million lump sum cash prize. There is someone in Florida who is very happy tonight. . . Edited to add this Mega Millions Press …

READ MORE

As the EV bubble bursts, idiots who massively overpaid for Teslas are going to end up letting the repo man haul away their cars rather than continue making huge payments on a rapidly depreciating asset. Auto lenders, you are so f*cked.

(7a) Lower Priced Teslas The average price of a used Tesla is over $24k lower than the peak last July. Video: https://t.co/uwLwbR3ssh pic.twitter.com/9qfGaCetiH — Charlie Bilello (@charliebilello) July 19, 2023 h/t Simian_Stacker

Federal Reserve Alert! Federal Reserve announces that its new system for instant payments, the FedNow® Service, is now live. What Is It, and What Does It Do?

by Dismal-Jellyfish Source: https://www.federalreserve.gov/newsevents/pressreleases/other20230720a.htm The Federal Reserve on Thursday announced that its new system for instant payments, the FedNow® Service, is now live. Banks and credit unions of all sizes can sign up and use this tool to instantly transfer …

READ MORE