Its The Economy, Stupid - Economic & Business News From Around The World

[Fwiffo]

Tesla says Musk should be paid $1tn - will shareholders agree?

The car-maker is lobbying fiercely for the pay package, which is being voted on ahead of its AGM on Thursday.

www.bbc.com

No other man is more deserving. Mankind's shining star.

 

[Fwiffo]

Trump’s 50-year mortgage would save you about $119 a month while doubling the interest you pay over the long run, UBS estimates

Why not just call it perpetual rent? Even if you buy it at 22, you’re past retirement by the time the debt is paid off.

 

[Fwiffo]

Report: UBS Chair Discussed Possible Move to US With Bessent

Not only will you make a deal for lower tariffs, you will move your banks and other crown jewels to be headquartered in the States.

 

[Fwiffo]

Costco sues Trump administration for 'full refund' of tariffs

Two lower courts have already ruled against President Trump's use of emergency powers to impose tariffs.

www.bbc.com

Shouldn’t you wait till the judgment until you start the lawsuit? Now you expose yourself to the wrath of the administration.

 

[Fwiffo]

Netflix strikes $72-billion deal to acquire Warner Bros Discovery’s studio, streaming business

Deal would hand control of prized Hollywood assets to the streaming giant and is likely to face scrutiny from regulators

www.theglobeandmail.com

Death to the cinema? Straight to Netflix for all WB releases?

 

[Fwiffo]

US slashes proposed tariffs on Italian pasta imports

The plan to impose steep tariffs on 13 producers could have seen major price rises for US consumers.

www.bbc.com

Ottimo

 

[Fwiffo]

Saks Global CEO steps down as luxury retailer reportedly preparing for bankruptcy

Executive chair Richard Baker to replace Marc Metrick after company misses $100m interest payment on debt

www.theguardian.com

Richard Baker. The man who managed to kill the Hudson’s Bay Company and erase a legacy going back to the 17th century.

I reckon he goes back to his playbook. Sell property of the stores and lease them. Then use the money to funnel it back to his holding and sister companies. After Saks and Neiman Marcus are defrauded they go bankrupt.

 

[Fwiffo]

Trump seeks $100bn for Venezuela oil, but Exxon boss says country 'uninvestable'

Oil executives expressed caution, with one executive saying Venezuela had seized their assets twice.

www.bbc.com

We'll need a backstop from the US taxpayer

 

[Fwiffo]

Amazon cuts 16,000 jobs globally in latest round of layoffs

The company has been recalibrating its work force, expanding its use of AI tools and scaling back on hires made during the pandemic

www.theglobeandmail.com

No hire. Low fire. Or sometimes big fire. No hire.