Economic Data Today the New York Fed will release its inflation expectations survey for August. July’s report showed significant declines in expectations for inflation over the short, medium, and longer term. Consumers also indicated they expect price increases for food and gasoline to slow considerably a year from now. Tomorrow [...]
200 Flying Taxis United Airlines (UAL) is making a bet on the future of aviation. Having already invested in flying taxi technology previously, the company has now invested $15 million in Eve Air Mobility, which is also backed by aircraft manufacturer Embraer (ERJ). As part of the two companies’ conditional [...]
Making Sense of the Dollar Relative to other currencies around the world, the US dollar is strengthening. Its present value is at a multi-decade high due to the Fed’s tightening monetary policy, which seeks to effectively raise the cost of borrowing in a bid to slow red-hot inflation. As the [...]
Still Between the Uprights In celebration of the start to the NFL’s regular season this week, please humor my football analogies and shameless plug for the Green Bay Packers…#gopackgo (that was it, that’s the plug). After many months of market pundits (self included) warning everyone about downward earnings revisions that [...]
Resisting Inflation With inflation at multi-decade-year high, many consumers are adjusting their shopping habits to save money. That said, there’s one category where shoppers have refused to cut back: high-quality pet food. Both Chewy (CHWY) and Petco (WOOF) recently reported that there has been no significant trade down by consumers [...]
80th Day of Falling Prices Labor Day Weekend brought the busy summer season to a close. For those who traveled, the last few months were probably a stressful time since it began with some of the highest gasoline prices on record. But since that point, gas prices have been steadily [...]
Largest Listing Ever? Volkswagen (VWAPY) announced its plans early this week to float sports car brand Porsche. The carmaker published what is known as an intention to float for an IPO, which could occur later this month or in early October. It could also become one of the world’s largest [...]
Borrowing Cost Bump When it comes to the cost of housing, everything is relative. The category falls under non discretionary spending: you need someplace to live. That’s not to say there’s no choice involved, however. Whether to rent or buy is an age-old, all-important question. During this year’s second quarter, [...]
Asset returns were broadly negative during the seasonally low volume month of August. The Federal Reserve reiterated its commitment to fighting inflation and restoring price stability, despite the economic pain it may bring. Interest rates moved higher throughout the month, as market expectations shifted toward a higher-for-longer federal funds rate. [...]
Switching Gears SeatGeek, which sells tickets to live events through its mobile app, has raised $238 million in private funding after terminating a deal that would have taken it public. Founded in 2009, the company previously agreed to merge with a group that counts longtime Oakland Athletics GM Billy Beane [...]
