There are mutterings about global recession and that affects raw material prices. Copper miner Freeport-McMoRan’s Q3 profits plunged, thanks to declining prices for the metal, Matt writes. Why it matters: Because of its widespread usage in industrial applications, construction and electrical wiring, copper prices are seen as a bellwether for… Read More »Freeport-McMoRan Income
The median Sale and Asking prices are dropping. The gap is staying pretty consistent. More significant, small business asking prices in Q3 dropped 13% year-over-year and sale prices dropped 14%, respectively, correlating with weaker financials. Median revenue of sold businesses in Q3 declined 11% from Q2 and 7% from the… Read More »Median Sale And Asking Price
The Inflation has pushed the tax brackets higher. Don’t forget to check out the changes in your local state as well Congressional action from the Reagan era is about to provide some relief to taxpayers, Axios’ Emily Peck and Herb Scribner report. Federal tax brackets will be about 7% higher… Read More »Tax Brackets
Today we got new signage installed by Sierra Signs. This looks awesome and the letters are hand crafted out of aluminum.
VR usage is down among kids. Which I think is good thing. Good for kids to be outside playing and not with their face in a box. Last week, Mark Zuckerberg announced an exciting new feature in his company’s metaverse platform — legs. (Cue the memes.) Days later, The Information reported that Apple’s upcoming… Read More »VR Usage Is Down
VC deals are set to be an all time low this year. The data is in, and it has confirmed what everyone’s suspected: Venture-backed exits this year are on track to hit a five-year low, per Pitchbook. Why it matters: Fewer distributions back to VCs’ own investors are adding to… Read More »VC exit deals values
In the M&A scene Kroger is planning to buy Albertsons, they are claiming food costs will go down with this merger. We’ll just have to wait and see. With inflation raging, Kroger on Friday pledged to use its proposed acquisition of rival Albertsons to reduce prices, Nathan writes. That promise… Read More »Kroger To Buy Albertsons
“Due Diligence” or the “Right of Inspection” gives the buyer the full rights to inspect all items in a business — financials, equipment, inventory, premises and anything else. And if the buyer finds any material discrepancies, he or she usually has the legal option of backing out. Some transactions fall… Read More »Tip #047 Sellers must prepare their business for due diligence!
The demand for apartments has dried up, all pointing toward economic issues in the future. Negative demand is an indication more people are moving out than are moving in. Why it matters: Soaring rent prices have been a major driver of inflation. This could be a sign that those price… Read More »Apartment Demand Q3 2022
The housing market is shifting and prices are beginning to drop. Vacancy rates varied by state, but lower homeowner vacancy rates tended to correlate with lower rental vacancy rates. Idaho had the lowest homeowner vacancy rate in 2021 at 0.3%; Washington, DC and North Carolina had the highest at 1.9%… Read More »Housing Through The US