Chip Glut Predictions Whether car, computer, or video game, semiconductor chips are used in a lot of different products. The recent shortage has led to price spikes and delivery delays. Recent earnings reports from NVIDIA (NVDA) and Micron Technology (MU) suggested the crisis may be abating, as they forecasted a [...]
Going with the Flow Adam Neumann snagged upwards of $350 million for his new company, Flow, from venture capital firm Andreessen Horowitz. Neumann is known for founding WeWork (WE) which he exited after a botched 2019 IPO. He is now setting his sights on residential real estate. With Flow, he [...]
Supply from Sichuan If the last two years have been challenging for the world’s economy — and society as a whole — times have been especially hard on the auto industry. Amid a series of other challenges, a serious drought in China poses the latest problem. Sichuan province, located in [...]
Misleading Fraud On Tuesday, the Biden administration announced the Department of Education will cancel $3.9 billion in student loan debt for 208,000 students who attended ITT Technical Institute. The now-defunct for-profit school was founded in 1969 and shut down in 2016. Prior to closure, the federal government pulled its funding, [...]
Relief at the Pump The Census Bureau reported data on July’s retail sales Wednesday, a key metric used to gauge inflationary pressures. Tracking consumer spending is important because it comprises an estimated two-thirds of US gross domestic product, a measure of economic growth. The previous month’s numbers were mixed. Retail [...]
Pushing Pedals in 2020 As the COVID-19 pandemic unfolded and gyms closed along with other lockdowns, cycling became a popular fitness option. For companies selling both stationary and traditional bicycles, business was brisk. Virtual classes also exploded in popularity. Instead of working out alongside fellow gym members, on-screen instructors served [...]
Stream with Walmart+ Walmart (WMT) has reached an agreement with Paramount Global (PARA) to provide Paramount+ to members of its Walmart+ program. Beginning in September, subscribers will get access to streaming videos in addition to the current membership perks that include free shipping for online orders, discounts on gas, and [...]
Grocery Bills’ 13% Pop The cost of living is way up, and food is a big reason why. However, not all categories of this non-discretionary expense have seen commensurate increases. Grocery store prices have increased by 13.1% for the 12 months ending in July. Conversely, restaurant prices have risen by [...]
Government Incentive The House of Representatives passed a bill last week that would put $369 billion toward efforts aimed at fighting climate change, lowering electricity costs, and boosting the nation’s energy security. These investments are mostly structured as incentive programs in the form of tax beaks and rebates for households [...]
Fresh from the economic stresses of the pandemic, workers now are facing record inflation and rising interest rates. That’s making everything from a quart of milk to a mortgage far less affordable. Your workers are very likely feeling the strain. What’s more, their efforts to manage everyday expenses may be [...]
