What insiders know 📶
Trade expansion: In August 2023, reportedly the BRICS invited Saudi Arabia, Iran, Egypt, Argentina, Ethiopia and the United Arab Emirates, to join their bloc to expand global trade and influence.
Big cut: T-Mobile terminates 7% of its workforce, which equates to about 5,000 people.
Possible: Technology stocks will be in trouble in the second half of 2023, in accordance to Bank of America.
No budget: US treasury yields are already at the highest levels since 2007, and projected to get higher.
Stabilizing: UK consumer confidence rebounded in August 2023 as inflation showed signs of cooling and strong wage growth sustained household finances.
Unhealthy stats: The damage caused when publicly traded companies emit greenhouse gases is equivalent to around 44% of operating profits.
Estimates: Around $1.2 trillion of debt on US commercial real estate is “potentially troubled” due to it being highly leveraged while property values are falling, according to Newmark Group.
Low demand: Zillow is offering some homebuyers 1% down payment in an effort to get more people to buy houses.
The return: Asset manager Blackstone is selling a piece of the famed Bellagio hotel in Las Vegas, which in return will generate cash for investors in a $67 billion property fund.
Union benefit: United Auto Workers voted to authorize a strike against the largest US carmakers if they fail to agree on a new contract before September 15,2023.
Got something to tell us?
Empire Codex: If you have any questions or anything interesting to share, let us know! We are open to considering news worthy news.