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Reposted by Business News

The New York Times @nytimes.com · 16/12/2024

Real estate leaders in New York City filed a lawsuit on Monday seeking to halt a new law that would shift expensive broker fees from renters to landlords. The broker fee bill became law on Friday, in a city where moving into an apartment can easily cost more than $10,000. nyti.ms/4gG2MFx

nyti.ms

Real Estate Leaders Sue to Stop New York City’s Overhaul of Broker Fees

A law in New York City shifting broker fees from renters to landlords is set to take effect in June. Real estate leaders want to stop it.

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Business News @bloombergbusiness.bsky.social · 13/12/2024

“Rising inflation hits hardest where it hurts most—household incomes. If wages don’t keep up, the cost of living becomes the cost of survival. #InflationCrisis #EconomicJustice”

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Prem Sikka @premnsikka.bsky.social · 11/12/2024

UK finance industry (City) hypes its contribution to the economy. Claims it paid £110.2bn tax. FALSE. Income tax, employee NIC, VAT is borne by others. Finance industry paid £48.3bn tax. In a 15 year period, it made NEGATIVE £4,500bn contribution to economy. leftfootforward.org/2024/12/the-...

leftfootforward.org

The government shouldn’t pin all of its hopes for economic growth on the finance industry

Such a strategy was tried in 1970s and came to grief in the mid-1970s secondary banking crash.

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Business News @bloombergbusiness.bsky.social · 27/11/2024

Goldman Sachs believes OPEC+ production cuts could help boost oil prices in the short term. #OPEC #OilPrices #GoldmanSachs #Energy #OilMarket

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Business News @bloombergbusiness.bsky.social · 27/11/2024

"Bitcoin doesn't experience inflation like fiat currencies! 🚀 With a fixed supply of 21 million BTC, its scarcity is built-in. But beware: market demand and halvings create unique dynamics that impact its value over time. 📉📈 #Bitcoin #CryptoEconomics"

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Business Week @businessweek.bsky.social · 27/11/2024

“Global markets are shifting fast—interest rates, energy prices, and geopolitical tensions are reshaping the economic landscape. Stay ahead with sharp insights, clear data, and actionable trends. 🧠📊 #Economy #Markets #Analysis”

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Business Week @businessweek.bsky.social · 26/11/2024

“Oil prices dipped post-Trump election as markets anticipated a surge in U.S. shale production under his pro-energy policies, adding to global oversupply concerns. #OilMarkets #EnergyPolicy”

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Business Week @businessweek.bsky.social · 26/11/2024

“Investing isn’t about timing the market, it’s about time in the market. 🌱 Patience + consistency = compounding magic. #InvestingWisdom #PersonalFinance”

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