Author: News Room

Cinema operator Cineworld (OTCPK:CNNWQ) has had a dramatic fall in the past few years but it is not over yet. While the business has the makings of a profit machine, its balance sheet is a disaster. I think there is a good chance that the shares will ultimately go to zero and rate them as a strong sell. I have been consistently bullish about Cineworld. My last piece on the name was in July (Cineworld: Revenues Are Recovering But The Debt Weighs A Tonne) when I rated it as a strong sell. The basic problem Cineworld has had two problems…

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Technology is growing at a blazing pace. In the last decade, we have experienced the rise of artificial intelligence, more conversations and initiatives toward a greener atmosphere, better electoral systems, and several others.However, the one that has seen the most impact has been blockchain technology. Unceremoniously introduced by the Bitcoin network, the decentralized ledger system has gone on to disrupt several key industries beginning with finance, real estate, medicine and healthcare, gaming, entertainment, and the internet.Blockchain technology is now changing the very face of how employers and employees will relate in the coming years. This change is coming into the freelance space…

Apple is finally getting ready to open its first physical store in the country as it bets on India as a market and manufacturing base. The company teased the opening of its retail outlet in a brief statement Wednesday, saying it was preparing to greet customers in the financial and commercial hub of Mumbai. Its previous plan to open a store in the country in 2021 was derailed by the coronavirus pandemic. The company released a photograph of its new boarded-up storefront, located at Jio World Drive Mall, a property owned by Reliance Industries, the conglomerate of Indian tycoon Mukesh…

This story is part of CNBC’s “Transmission Troubles” series, an inside look at why the aging electrical grid in the U.S. is struggling to keep up, how it’s being improved and why it’s so vital to fighting climate change.Wind and solar power generators wait in yearslong bureaucratic lines to connect to the power grid, only to be faced with fees they can’t afford, forcing them to scramble for more money or pull out of projects completely.This application process, called the interconnection queue, is delaying the distribution of clean power and hampering the U.S. in reaching its climate goals.The interconnection queue…

Many factors determine how much money you’ll earn after college. But where you go to school may also play an important role.If your goal after college is to earn the highest possible salary, California Institute of Technology may be the best choice, according to a new New York Times ranking tool. The tool allows you rank colleges based on your own priorities, whether that’s post-grad earnings, net price, campus safety or more. The Times used Department of Education data to inform the tool’s rankings, and specifically looked at median income in 2020 among those who attended the schools 10 years ago…

Sixty-one percent of U.S. companies said they plan to lay off employees in 2023 and are likely to pause hiring this year, according to a recent survey. Additionally, of the business leaders that said layoffs were imminent, 57% said they planned to layoff 30% or more of their workforce this year, according to a ResumeBuilder.com survey. A still-too-tight labor market has been cited as one of the Federal Reserve’s concerns over the effectiveness of its monetary policy in achieving its 2% inflation target.  The economy added 517,000 jobs in January, a significant jump from the previous month, beating expectations, according to the latest employment…

Our goal here at Credible Operations, Inc., NMLS Number 1681276, referred to as “Credible” below, is to give you the tools and confidence you need to improve your finances. Although we do promote products from our partner lenders who compensate us for our services, all opinions are our own. Borrowers with good credit seeking personal loans during the past seven days prequalified for rates that were lower for 3- and 5-year loans compared to the previous seven days. For borrowers with credit scores of 720 or higher who used the Credible marketplace to select a lender between March 9 and…

Americans are drowning in credit card debt as uncomfortably high inflation makes the cost of everyday necessities more expensive.  In the last three months of 2022, credit card balances increased by $61 billion to $986 billion, according to the New York Federal Reserve Bank’s Quarterly Report on Household Debt and Credit published Thursday. That smashed the previous high of $927 billion, recorded before the COVID-19 pandemic began.Total U.S. household debt, meanwhile, climbed to a record $16.9 trillion during the fourth quarter, an increase of 2.4% from the prior three-month period.  The latest data marks a major reversal from just two…