Dec 2, 2022
Welcome back to our Weekly Digest. Read on for the latest updates.
Disney to make a strategic shift under Iger
Which retailers pulled ahead on Black Friday?
The crucial holiday shopping season started last week, and results were mixed at best, with some distinct early winners and losers. The winning retailers had a few key trends play out on the long weekend.
Protests in China agitate the global economy
Protests erupted in the Chinese city of Urumqi after a fire killed at least 10 people this week. The protests, spurred on by China's strict Covid-19 policies, sent global oil prices lower and the US dollar higher.
BlockFi files for bankruptcy as the crypto crash continues
Troubled cryptocurrency firm BlockFi is the latest domino to fall after the spectacular crash of FTX earlier this month. They currently owe money to more than 100,000 creditors.
Greener flying is possible with hydrogen-fueled aircraft
Rolls-Royce and EasyJet are currently testing an aircraft that runs on hydrogen and say that it's a "major step" towards proving that zero-carbon aviation fuel is possible.
How to save with the new climate tax breaks
The Inflation Reduction Act of 2022 provides some relief by giving energy tax credits to people who buy certain eco-friendly products. Learn how to take advantage here.
This personal finance approach lets you buy the things you love without guilt
"Conscious spending" is all about admitting that you like nice things and then looking forward in your budget planning so that you can buy them. The only catch is that you have to mercilessly cut spending in areas that don't bring you joy.
National Tax Security Awareness Week begins
The Internal Revenue Service and the Security Summit partners kicked off the 7th National Tax Security Awareness Week with information on avoiding scams and protecting sensitive personal information over the holiday shopping season. Details can be found here.