What insiders know 📶
Reportedly: The average US income fell to $74,580 in 2022 according to the US Census Bureau (the most since 2010).
Admit it: In the last 3 decades governments and corporations have poured over $83 billion into carbon capture projects. However, in 2023 the technology captured just 0.1% of global emissions.
Pay cut: Some bankers in China’s biggest cities are taking 40% pay cuts.
The stress: The EU launched a probe into Chinese EV subsidies for “distorting” the market as the bloc worries about its domestic industry.
You know: The UK economy shrank at the fastest pace in 7 months in July 2023 as strikes and wet weather hit activity harder than expected (reviving fears that a recession may be under way).
The split: Fragmentation of the global economy into separate blocs would be “extremely costly,” according to the World Trade Organization.
Beware: As of 2023 Citigroup economists are cautioning not to get too comfortable about that soft US landing.
Sold: T-Mobile will buy up to $3.3 billion worth of airwaves from Comcast.
The green: ESG Leaders earned an average annual return of 20.3%, in comparison to 13.9% for Laggard companies.
Looks grim: Analysis from Morgan Stanley says the voluntary carbon market has been gripped by a steady stream of scandals, leading to wild price swings and even collapsing valuations.
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