Household Gasoline Costs Are Now Estimated At $5,000 Per Year
Households are now spending an estimated $5,000 a year on gasoline: U.S. households are now spending the equivalent of $5,000 a year on gasoline, up from $2,800 a year ago,…
More Than Half Of CEOs Expect A Recession Ahead
They are pessimistic about the future, but they do not expect the recession to last long: The Conference Board measure of CEO sentiment showed that 57% of respondents expect inflation…
Different Retailers Perform Differently Based On Whether They Service Regular Consumers, or Real Estate Investments
Different retailers are performing differently: Four major retailers — Walmart, Target, Home Depot and Lowe’s — reported quarterly financial results this week, and they each offered a different perspective on…
Tech Layoffs And Hiring Freezes Increase As Cheap Money Shrinks
Tech begins to contract: On Tuesday, streaming giant Netflix (NFLX) confirmed it is laying off 150 workers amid slowing demand. That same day, e-commerce giant Wayfair (W) announced a 90-day…
Tesla Is Kicked Out Of The S&P 500′s ESG (Environmental, Social and Governance) Index
Blowback from the Twitter bid begins to manifest: The S&P 500 booted electric vehicle maker Tesla from its ESG Index in an annual rebalancing. Meanwhile, Apple, Microsoft, Amazon and even…
Target Drops 25%
Target drops precipitously: …Target stock down nearly 24% in recent trading. The retailer also said for the fiscal second quarter it expects its operating income margin rate “will be in…
Dow Falls 1,100 points Wednesday, Biggest Loss Since 2020.
Major fall in the Dow: The Dow Jones Industrial Average shed 1,138 points, or 3.5%, or the average’s biggest decline since October 2020. S&P 500 traded 4% lower, the biggest…
Bernanke Sees Huge Warning Signs On Inflation, Stagflation And Student Debt
Bernanke weighs in on the forecast: “Even under the benign scenario, we should have a slowing economy,” Bernanke told The New York Times on Monday. “And inflation’s still too high…
Walmart Shares Fall as Numbers Disappoint
Walmart is startling the market: Walmart on Tuesday reported quarterly earnings that missed Wall Street’s expectations by a wide margin, as the nation’s largest retailer felt pressure from rising fuel…
Carvana, the ‘Amazon of Car Dealers,’ Is in Deep Trouble
Yet another measure of the tech market’s downswing: The company had just posted a “confidence shattering quarter,” in the words of J.P. Morgan, as it reported a wider-than-expected loss of…
