San Francisco Fed President Mary Daly told CNBC that “consumers are preparing for slower economy, that’s a good start.” She added that Fed wants to see “economy slow” to “get inflation down”, and “slower inflation, labor Read more…
BoE Governor Andrew Bailey said in a Treasury Committee hearing, “The economy was hit by a huge shock in terms of the pandemic. What we’ve had since then is a series of supply shocks, which have Read more…
The fast-food chain is known for not having burgers on its menus. The “serve no hamburgers” doctrine has, over the years, become a signature one for the Arby’s chain. When the first restaurant opened in Read more…
The major stock market indices had a strong run under Trump, but there are already signs that his support on Wall Street is waning. He’s back. This week former President Donald Trump announced, as expected, Read more…
Silver is testing the $22 per ounce mark today and crossed it briefly yesterday. Although Gold marks the fifth consecutive session of back-to-back gains, Silver may have been one step ahead in this market cycle. Read more…
Retail sales rose by 1.3% m/m in October, above the consensus forecast of a 1.0% gain. September data remained flat. Sales at autos & parts dealers rose by 1.3% m/m erasing September’s losses. Excluding autos, Read more…
Consumer price inflation held steady in October, at 6.9% year-on-year (y/y), down from 6.9% in September. Higher gasoline prices in October were a key culprit keeping inflation elevated. Prices at the pump surged 9.2% in Read more…
Equity markets in Europe are back in the red on Wednesday, while the US looks largely unchanged around the open on Wall Street. Reports of missile strikes in Poland on Tuesday naturally caused a shudder Read more…
Markets NATO chief Stoltenberg said that yesterday’s missile explosion on Polish territory was probably caused by Ukrainian air defenses. An unfortunate accident, nevertheless sparked by the Russian attack against Kiev etc yesterday. By immediately taking Read more…
The fast-food chain has fallen to number three in the United States. It’s making a move that can change that. For a long time, Burger King was Pepsi to McDonald’s Coke. At some point, however, Read more…