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☆ Brazil markets tumble on Lula's first full day in office
▼ + stars: | 2023-01-02 | by ( Anthony Boadle | ) www.reuters.com time to read: +5 min

Haddad, who is seeking to dispel market fears that he might not maintain fiscal discipline, took office on Monday, pledging to control spending. "The policies remind us of Dilma Rousseff's government rather than Lula's," Gracia said, referring to Lula's handpicked successor, who was impeached while in office. Allies said Lula's newfound social conscience was the result of his 580 days in prison, Reuters reported on Sunday. Lula kicks off his third presidential term after persuading Congress to pass a one-year, 170 billion-reais increased social spending package, in line with his campaign promises. Lula spent his first day in office meeting with more than a dozen heads of state who attended his inauguration.

☆ Car repossessions are on the rise in warning sign for the economy
▼ + stars: | 2022-12-17 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Shannon-Pettypiece-Circle-Byline-Template.Jpg | Shannon Pettypiece | ) www.nbcnews.com time to read: +8 min

WASHINGTON — A growing number of consumers are falling behind on their car payments, a trend financial analysts fear will continue, in a sign of the strain soaring car prices and prolonged inflation are having on household budgets. The percentage of auto loans that were 30 days delinquent was at 2.2% in the third quarter compared with 2.35% delinquent over the same period in 2019, according to data from Experian. By contrast, just over 4% of auto loans went into default in 2009. Another risk to car buyers’ finances is the growing length of auto loans, many of which now exceed seven years. It can also mean higher interest costs over the life of the loan on top of already inflated vehicle prices.

☆ iPhone 14 Pro ship times slip past Christmas weeks after Apple warned of production issues
▼ + stars: | 2022-11-16 | by ( Kif Leswing | ) www.cnbc.com time to read: +3 min

IPhone 14 Pro and iPhone 14 Pro Max ship times in the U.S. have started slipping past Christmas, according to Apple's website and financial analysts. On Wednesday, checks by CNBC on Apple's U.S. website showed a shipping date of Dec. 27 for several iPhone 14 Pro and iPhone 14 Pro Max models. "While wait times had steadily moved higher in the prior surveys, the most recent data has hit an extreme level in our view," Vogt wrote. However, Apple's less expensive iPhone 14 and iPhone 14 Plus have no wait times on Apple's website and can be purchased immediately, which suggests that some consumers might decide to trade down in order to get their devices under the Christmas tree on time. "However, we now expect lower iPhone 14 Pro and iPhone 14 Pro Max shipments than we previously anticipated and customers will experience longer wait times to receive their new products," Apple said.

☆ A certified financial planner and author shares his 5 strategies to recession-proof your finances before a downturn hits
▼ + stars: | 2022-11-11 | by ( Jennifer Streaks | ) www.businessinsider.com time to read: +5 min

The time to make your finances more resilient is before the economic downturn starts. He shared with Insider his top strategies for protecting your finances before and during a financial downturn. With high inflation and increasing interest rates, it would be best to put off large expenditures that are not necessary. "Being in a position where you can respond effectively to emergencies or even a job loss makes you better prepared for an economic downturn." Prepare your finances before the economic downturn beginsTaking steps to prepare for the economic downturn before it happens will take away the stress and panic that can arise when experiencing a recession.

The banks are now less conservative in counting expected rental income when assessing loan applications, said the four sources. In September, about a third of new bank mortgage lending was for investment. On Nov. 12, NAB will also halve its discount on rental income to 10%, including for Airbnb-like short-term rentals, the sources said. NAB, Westpac and ANZ trail market leader Commonwealth Bank of Australia (CBA.AX), which has a quarter of the mortgage market. Commonwealth continues to apply a rental income discount of 20% on mortgage applications, a sixth source said.

As recently as August, Lachlan Murdoch described sports betting as "a huge opportunity" for Fox Sports, telling Wall Street it would fuel viewer engagement. The sports betting app Fox Bet is available in four states, with just 0.2% share of the U.S. market, according to researcher Vixio. A free version called Fox Bet Super 6 has attracted some 6 million users whom Fox hopes to eventually convert to gamblers. The growth of Fox Bet has stagnated since market-leading FanDuel's owner, Flutter Entertainment Plc (FLTRF.L), acquired Stars Group in 2020. The matter is the subject of an arbitration case and Lachlan Murdoch told investors a decision is expected imminently.

☆ EXCLUSIVE Tesla plans mass production start for Cybertruck at end of 2023-sources
▼ + stars: | 2022-11-01 | by ( ) www.reuters.com time to read: +3 min

Tesla said last month that it was working on readying its Austin, Texas plant to build the new model with “early production” set to start in the middle of 2023. “We’re in the final lap for Cybertruck,” Musk told a conference call with financial analysts. CRACKED WINDOWSMusk introduced Cybertruck in a 2019 reveal where the vehicle’s designer cracked the vehicle’s supposedly unbreakable “armor glass” windows. The company has pushed back production timing three times since: from late 2021 to late 2022, then to early 2023 and most recently to the mid-2023 target for initial production. Musk said then the company had "more orders of the first Cybertrucks than we could possibly fulfill for three years after the start of production."

☆ Exclusive: Tesla plans mass production start for Cybertruck at end of 2023
▼ + stars: | 2022-11-01 | by ( ) www.reuters.com time to read: +3 min

Nov 1 (Reuters) - Tesla (TSLA.O) aims to start mass production of its Cybertruck at the end of 2023, two years after the initial target for the long-awaited pickup truck Chief Executive Elon Musk unveiled in 2019, two people with knowledge of the plans told Reuters. Tesla said last month that it was working on readying its Austin, Texas plant to build the new model with “early production” set to start in the middle of 2023. “We’re in the final lap for Cybertruck,” Musk told a conference call with financial analysts. The company has pushed back production timing three times since: from late 2021 to late 2022, then to early 2023 and most recently to the mid-2023 target for initial production. In January, Musk had cited shortages in sourcing components as the reason for pushing the launch of Cybertruck into 2023.

☆ Uber salaries revealed: See how much engineers, analysts and hundreds of other employees at the ride sharing company make
▼ + stars: | 2022-10-18 | by ( Diamond Naga Siu | Tom Dotan | ) www.businessinsider.com time to read: +6 min

We analyzed hundreds of H-1B visa applications to get a sense of how much Uber pays employees. The ride-sharing company offered two distinguished engineers nearly $350,000 each as a base salary. As a recession looms, Uber has dramatically slowed down on hiring — even freezing hiring altogether in many departments. But salaries are also a big part of how the company pays its employees. The highest-paid people in the data are two distinguished engineers in California who were each offered $345,000, while the lowest-paid person in the data is a data analyst in Illinois who was offered $56,700.

☆ Even financial analysts should be interested in delivering pizzas, Domino's CEO says. 'Because our drivers become franchisees.'
▼ + stars: | 2022-10-18 | by ( Sarah Belle Lin | ) www.businessinsider.com time to read: +4 min

Domino's CEO Russell Weiner touted career opportunities for delivery drivers in a call with analysts. "Maybe there are people who are listening to the call now who are interested in drivers' positions," Weiner said. 95% of Domino's franchisees started out as employees making pizza or driving, he said. Domino's delivery drivers earn around $31,962 annually, ZipRecruiter estimates, and a Domino's franchise owner in New York City can make a base salary of $88,200 a year, according to Glassdoor. Domino's is primarily a franchiser, with approximately 94% of US Domino's stores owned and operated by the company's independent franchisees, according to Domino's 2021 annual report.

Hong Kong/Tokyo CNN Business —A quarter of a century ago, a major financial crisis ripped through Asia, shaking its economies to the core. “I do not expect a repeat of the [1997] Asian Financial Crisis this time,” said Khoon Goh, head of Asia research at ANZ Research. “Importantly, there is not the same build up of foreign denominated debt in recent years, which was one of the triggers of the Asian Financial Crisis,” Goh added. China and Japan have the world’s two biggest foreign exchange reserves, holding $3 trillion and $1.3 trillion respectively. “Asia’s resilience in the face of the current global storm is partly the result of reform that the Asian Financial Crisis prompted,” Neumann from HSBC said.

LONDON, Sept 29 (Reuters) - British Prime Minister Liz Truss broke her silence on Thursday following nearly a week of chaos in financial markets triggered by her plans for tax cuts, saying she was willing to take "controversial" decisions to reignite growth. Register now for FREE unlimited access to Reuters.com Register"But I'm prepared to do that as prime minister because what's important to me is that we get our economy moving." Truss became prime minister on Sept. 6 after winning the leadership of the governing Conservative Party with promises to cut taxes. "This is the right plan that we've set out," Truss said, adding it would put Britain's economy on a better trajectory for the long term. Some financial analysts have said the government might have to bring forward that announcement to settle the nerves of investors.

A Registered Investment Advisor (RIA) is a professional firm that manages the assets of clients and offers investment advice. During your search, you may have learned about Registered Investment Advisor (RIAs). And how does a Registered Investment Advisor differ from all those other folks offering financial advice? What is a Registered Investment Advisor (RIA)? What does the "registered" in Registered Investment Advisor mean?

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