"For those in the bottom 80% of the income distribution, those making less than approximately $175,000 a year – their spending has simply kept pace with inflation since the pandemic," per Mark Zandi of Moody's.
"Global money managers are investing in China again due to a stock rally and advances in high-tech industries.
Foreign inflows are rising across asset classes, with global hedge funds being the most active in onshore equities in recent years," per Bloomberg.
Americans are more positive toward capitalism than socialism, but the 54% viewing capitalism favorably is down from 60% in 2021, per Gallup:
47% of consumers have said they cut discretionary spending in the past year, while 23% said they reduced essential spending, per CNN
About one in five (19%) of consumers say they paid less or skipped bills to get by in the past year, per Federal Reserve Bank of Philadelphia
Jonathan Schofield
boosted
Hello Mastodon! Time for a proper #introduction.
I'm Shaun, a translator for the solidarity economy.
• Languages: FR/ES/IT/PT/CA > EN
• Focus: Cooperative finance, governance & social theory.
• The Twist: Ex-corporate finance analyst, now translating for the commons.
You can see my work and my new focus here:
https://rootandbranch.online
#translation #SocialEconomy #SolidarityEconomy #cooperatives #anarchism #sociology #degrowth #finance
Hello Mastodon! Time for a proper #introduction.
I'm Shaun, a translator for the solidarity economy.
• Languages: FR/ES/IT/PT/CA > EN
• Focus: Cooperative finance, governance & social theory.
• The Twist: Ex-corporate finance analyst, now translating for the commons.
You can see my work and my new focus here:
https://rootandbranch.online
#translation #SocialEconomy #SolidarityEconomy #cooperatives #anarchism #sociology #degrowth #finance
The national average FICO score dropped by two points this year, the most since 2009, per CNN
BLS is reportedly calling back some employees to produce the CPI numbers for September, per NYT
BREAKING: Scott Bessent says US Treasury ready to take immediate exceptional measures to ensure market stability
JUST IN: The US has finalized a plan to give $20 billion to Argentina, per Scott Bessent
Bank of America, $BAC, is keeping its European rates trading desks fully staffed over the end-of-year period to be ready for potential volatility linked to a regulatory shift in the €1.9 trillion ($2.2 trillion) Dutch pension system, per Bloomberg.
BREAKING: Nobel Peace Prize awarded to Venezuelan opposition figure Maria Corina Machado
BREAKING: China launches customs crackdown on Nvidia, $NVDA, AI chips, per FT
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BREAKING: Hamas says we declare an end to the war today and the start of premanent ceasefire
Under the plan, Hamas will release the 20 living hostages it is still holding, while Israel will withdraw its troops to an agreed line and free nearly 2,000 Palestinian detainees.
Read more: https://t.co/nnFVWlpVxB
BREAKING: Trump has said that he will be making permanent cuts to Democrat programs in the US government shutdown
“We’re only cutting Democrat programs,” he repeated. “We’ll be cutting some very popular Democrat programs that aren’t popular with Republicans."
Read more: https://t.co/iJxOTCB1ew