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2 votes
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With no fuel and no cash, Sri Lanka grinds to a halt
10 votes -
FTC sues Walmart for facilitating money transfer fraud that fleeced US customers out of hundreds of millions
9 votes -
As Europe searches the world for oil to replace Russian barrels, the Johan Sverdrup oilfield in the North Sea is helping plug the gap
4 votes -
Russia defaults on foreign debt for first time since 1918
15 votes -
Is the era of cheap money over?
6 votes -
$100 million worth of crypto has been stolen in another major hack
9 votes -
Nonprofit boards are weird
4 votes -
Immigration shortfall may be a headwind for labor supply
5 votes -
Untangling persistent versus transitory shocks to inflation
3 votes -
The problem with NFTs
8 votes -
The stock market kinda wants a recession
10 votes -
Danish toy company Lego said it plans to invest more than $1 billion over ten years – new factory in the US and to enlarge an existing factory in Mexico
8 votes -
Coinbase to lay off 18% of staff (1,110 people) because the company grew too quickly and a potential recession "could lead to another crypto winter"
17 votes -
Celsius crypto bank freezes withdrawals; bitcoin, etherium plunge
12 votes -
Rumors abound that Netflix will buy Roku
6 votes -
Why the bezzle matters to the economy
6 votes -
Trader Joe's workers in Massachusetts file to create chain's first union
16 votes -
Inside Florida's property insurance crisis
10 votes -
Melvin Capital to shut after heavy losses on meme stocks, market slump
8 votes -
Sri Lanka defaults on debt for first time in its history
4 votes -
America’s infant formula crisis and the ‘resiliency’ mirage
6 votes -
Some companies like vanguard and blackrock/ishares exclude losing companies from price to earning ratio calculations, where can I find reliable pe numbers?
For example Vanguard Russell 2000 Growth ETF shows a pe ratio of 19.5 on it's portfolio page, but etf.com (which reportedly calculates PE ratio in the "logical" method we probably all think of)...
For example Vanguard Russell 2000 Growth ETF shows a pe ratio of 19.5 on it's portfolio page, but etf.com (which reportedly calculates PE ratio in the "logical" method we probably all think of) says it's 236.89.
There is also the russel 2000 etf, which shows 14.3 on vanguard and 43.63 on etf.com (I saw no clear indication on the vanguard website they are removing losing companies), ishares does say that for it's etf.
I want to know the PE ratio because economic bubbles (like the dot comm bubble and japan stock market bubble) were characterized by very high pe ratio, and there is historical evidence low pe performs better (probably because of the optimism bias).
I can use etf.com, but would like another source to validate etf.com is reporting correctly .
11 votes -
Inflation in Sweden increased last month to its highest level since 1991, as countries worldwide grapple with surging prices exacerbated by Russia's war in Ukraine
3 votes -
The US Federal Reserve is set to pull back economic help rapidly. Is it too late?
8 votes -
Twitter’s board gave up
7 votes -
PSA: Venmo just changed its terms, now including a more draconian arbitration requirement, requiring opt out by 6/22/22
I have mixed views on arbitration, it does lower costs, but arbitrators rarely see things from the consumers' perspectives. Here are the instructions for opting out, which I will be recommending...
I have mixed views on arbitration, it does lower costs, but arbitrators rarely see things from the consumers' perspectives.
Here are the instructions for opting out, which I will be recommending to all my friends (followed by a link to the form):
You can choose to reject this Agreement to Arbitrate (“opt-out”) by mailing us a written opt-out notice. For new Venmo users, the opt-out notice must be postmarked no later than 30 days after the date you accept the User Agreement for the first time. If you are already a current Venmo user and previously accepted the User Agreement prior to the introduction of this Agreement to Arbitrate on May 23, 2022, the Opt-Out Notice must be postmarked no later than June 22, 2022. You must mail the opt-out notice to PayPal, Inc., Attn: Litigation Department, Re: Venmo Opt-Out Notice, 2211 North First Street, San Jose, CA 95131. For your convenience, we are providing an opt-out notice form you must complete and mail to opt-out of this Agreement to Arbitrate. You must complete this form by providing all the information it calls for, including your name, address, phone number, Venmo user name, and the email address(es) used to log in to the Venmo account(s) to which the opt-out applies. You must sign the opt-out notice for it to be effective. This procedure is the only way you can opt-out of the Agreement to Arbitrate. If you opt-out of this Agreement to Arbitrate, all other parts of the User Agreement will continue to apply. Opting out of this Agreement to Arbitrate has no effect on any previous, other, or future arbitration agreements that you may have with us.
The form:
22 votes -
Robinhood set to lay off 9% of their full time employees
11 votes -
Norway seeks solution to looming EU tax on car batteries – batteries produced outside the UK or the EU after 2027 face a 10% customs tax
5 votes -
Netflix stock price drops 35%, posting biggest fall since 2004
15 votes -
Man who paid $2.9m for NFT of Jack Dorsey’s first tweet set to lose almost $2.9m
17 votes -
America's highest earners and their tax rates revealed
21 votes -
Looking for a brand name that will stand out – American companies are increasingly mining Finnish for short, simple, and unique words
9 votes -
Physiocracy
2 votes -
How Russia rescued the ruble
18 votes -
The history of global banking
4 votes -
Plastic (and payments) in the fantasy supply chain
3 votes -
Amazon workers on Staten Island vote for a union
21 votes -
'Green steel' heating up in Sweden's frozen north – HYBRIT is a joint venture between SSAB, mining company LKAB and Swedish state-owned power firm Vattenfall
5 votes -
(Don't fear) the yield curve, reprise
5 votes -
Accounting for SaaS and swords
7 votes -
US FTC sues to stop “deceptive” TurboTax “free” ad campaign
22 votes -
How truckers are paid
6 votes -
74% of Arizona households are priced out of AZ homes
11 votes -
MacKenzie Scott donates $436 million to Habitat for Humanity
11 votes -
The (rather pathetic) economy of Russia, explained
5 votes -
Why Sandalwood is so expensive | So Expensive
5 votes -
Can foreign direct investment (FDI) help Helsinki's demographic challenges?
3 votes -
Six months in, El Salvador’s bitcoin gamble is crumbling
11 votes -
Europe’s largest brain drain and lost startups
7 votes