Wednesday 13 December 2023

[Post 309] Why Used EV Prices Are Falling


Summary

Used EV prices are falling. Studies show that used EV prices fell somewhere around 30 percent in September and October 2023 from the same period in 2022. Used overall vehicle prices including ICE, hybrid and EVs declined by only around 5 percent. It bodes well for buyers, but some say it is yet another sign demand is faltering and that consumers may see EVs as a bad investment. Others say those fears are overblown. Interest rates are high and consumers are pulling back on spending. And despite price drops, EVs are still expensive.

Tuesday 12 December 2023

[Post 308] How America Racked Up A $1 Trillion Credit Card Bill


Summary

Americans have accumulated a record-breaking $1 trillion in credit card debt.

This comes as the Federal Reserve's interest rate hikes have caused average interest rates for credit cards to spike to more than 22%. Rates on retail credit cards are even higher, nearing 29% on average.

"Even if you're working and your wages are up, your rent costs more, your groceries cost more, your gas costs more, everything costs more," said Tedd Rossman, senior industry analyst at Bankrate.com. "So people don't feel like they're getting ahead."

Despite rising costs and higher borrowing rates, a record number of consumers shopped over the Thanksgiving holiday weekend. The National Retail Federation found that more than 200 million consumers hit the stores that weekend, a few more million than the 196.7 million shoppers who turned out in 2022.

However, big box retailers like Macy's and Nordstrom have issued warnings about a slowdown in repayments on their credit cards over the summer, highlighting a potential risk to retail revenue this holiday season. The resilience of the American consumer will continue to be tested by the still-rising costs of groceries, gas and housing. And, not to mention, the return of student debt payments.
Watch the video above to find out more about how Americans' credit card debt ballooned past the $1 trillion threshold, and whether U.S. consumers can keep spending enough to keep a looming recession at bay.

Friday 8 December 2023

[Post 307] How To Earn More Interest On Your Savings | Money Mind | Savings


Summary

Low-risk ways to get more interest from your savings - but is there a catch?

[Post 306] Don Don Donki & Decathlon: What You Didn't Know About Megastores | On The Red Dot | Full Episode


Summary

You may have shopped at Singapore's largest Japanese snacks store and the world's biggest sports retail chain. But beyond their maddeningly repetitive theme song and speedy online deliveries, what do you truly know about Don Don Donki and Decathlon? 

Discover which Don Don Donki offers the most affordable snacks and how to navigate the labyrinth of towering treats. Uncover the peculiar night occurrences at Decathlon, and equipment that can be set up in mere seconds. It's a journey into the hidden workings of megastores.

Thursday 7 December 2023

[Post 305] How Sports Megastore Decathlon Gets You To Spend More Than You Planned


Summary

Ever wonder why you always end up spending more time and money than you intended at Decathlon? 

From a strategic store layout to striking signs that encourage product testing, we uncover the tactics deployed at Singapore’s largest Decathlon store that encourage shoppers to buy more. 

[Post 304] Is A Recession Coming In 2024? | Money Mind | Finance


Summary

Should you be bracing for an impending slowdown in 2024?

Sunday 3 December 2023

[Post 303] How WeWork Went From $47B Startup to Bankrupt Penny Stock | WSJ What Went Wrong


Summary

WeWork, once a-venture-capital darling, has filed for Chapter 11 bankruptcy. Co-founded in 2010 by Adam Neumann, the filing marks a reversal for the company that specialized in leasing shared workspaces and was once valued at $47 billion. 

WSJ breaks down how the desk-rental company went from one of the world’s most valuable startups to a bankrupt penny stock.