U.S. consumer sentiment up more than expected in August, survey shows
Wedbush lowered its stock rating to Neutral and kept the $88 price target on the stock unchanged.
The SEC is looking into Melvin Capital Management risk controls and investor disclosures after the hedge fund was crippled by the meme-stock rally last year
While there’s little doubt now that food inflation is real, the key question is by how much? The answer isn’t straightforward, but mayonnaise can help answer it
Heard on the Street: China’s chip champion had some bumper years thanks to the pandemic. Now SMIC has to grapple with two big problems at once: a drop-off in demand and intensifying geopolitical risks.
Gas prices dropped below $4 in most states—here's how much a gallon costs where you live (via @CNBCMakeIt)
Shipping container fees are falling around the world, but not in the U.S.
Elon Musk tells Joe Biden to 'free some people in jail for weed here too'
A new report from Bank of America perfectly captures the current market by @MylesUdland
China tariffs: 3 factors that could affect whether Biden eases the Trump-era duties by @kevcirilli
💰 Love #crypto? Join our community and discuss the hot new virtual currency. 👇
China's housing crash has wiped out $90 billion from builders' stock and bond values this year as debt crisis looms
The San Diego company slashed its forecast for revenue growth in 2022 to between 4% and 5% from 14% to 16%.
Investors in the US housing market are starting to pull back in a move that could exacerbate the market's slowdown
Texas’ two Republican senators aren’t fans of the Inflation Reduction Act. Yet few states stand to gain as much from it as theirs does via @opinion
Five Chinese state-owned companies to delist from NYSE amid U.S. tensions
Colombia's new leftist government wants to cut inequality by redistributing wealth, rethinking the war on drugs, and raising money for poverty-fighting programs. It won't be so easy.
🚨Tune in for a discussion with our LatAm team at 11 a.m. ET
🚨Tune in for a discussion with our LatAm team at 11 a.m. ET
India’s retail inflation softens for a third straight month, taking some pressure off the central bank from pursuing steep rate hikes to control inflation
Germany is on Track to Meeting its Gas Saving Target
📻🎙 Inflation may have cooled to a degree in July, but pressures are still simmering.
@johnauthers weighs in on Bloomberg’s Opinion podcast with @VonnieQuinn
Listen to the full conversation ⤵️
Apple:
Spotify:
@johnauthers weighs in on Bloomberg’s Opinion podcast with @VonnieQuinn
Listen to the full conversation ⤵️
Apple:
Spotify:
Germany is on Track to Meeting its Gas Saving Target
Bitcoin mining hosting firm @APLDBlockchain signed a $15 million loan with a North Dakota bank to pay off its debt and continue building its data centers. @egreechee reports
Polio detected in New York City sewage suggesting local circulation of virus, health officials say
There's more than one important number when it comes to inflation. Bloomberg's @TheStalwart explains how to interpret the latest CPI data
Users
University of Michigan: Median expected year-ahead inflation rate fell to 5.0%, its lowest since February but above the 4.6% reading from a year ago. At 3.0%, median long run inflation expectations remained within the 2.9-3.1% range seen over the past year | Link
UK To Reverse "Accidental" Ban On Edible Insect Farming | Link
New Post:
How to Think About Investing During a Recession...
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The war in Ukraine has likely sent Russia's economy back to 2018 — but it's still a smaller contraction than experts expected.
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The daily chart of composite grain prices (Wheat, Corn, Beans) is forming an inverted H&S, yet the trend is strongly down. Most periods of congestion are resolved in the direction of the primary trend. $ZC_F $ZW_F $ZS_F Important #WASDE report pending today
UMich Sentiment Jumps But Long-Term Inflation Expectations Unexpectedly Rise | Link
Student Loans Are A $197 Billion Money-Loser For Taxpayers: GAO | Link
Neuroscientists, psychologists, and evolutionists agree the human brain comes pre-programmed with the need for and enjoyment of social cooperation. Our brains want it and develop better when we have it. #principleoftheday (1/2)
Rhine Water Falls To Critical Level As Germany Faces Yet Another Shock | Link
Buckle up, electric vehicle prices are SKYROCKETING. Recently, Ford announced it will raise the price of EVs by $6,000-$8,500 due to significant increases in raw material costs. The rush to the GREENTOPIA will cost an arm & leg. THERE'S NO GREEN-FREE LUNCH. | Link
This has quietly been an awful week for earnings.
Only 57% of companies reported have beaten EPS and sales estimates (had been 70%+) and 1 out of every 5 companies have lowered guidance.
From our Earnings Explorer tool: | Link
Google Searches For "Firewood" In Germany Have Exploded | Link
Very excited to announce that Tareq Nazlawy is joining @sciencemagicxyz as our President. He previous created and built the incredible Web 3 initiatives at adidas and will help us drive adoption for the next 100m people into Web 3.
More 👇
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"Central Banks Are In Shock Their Households Are Too Hot, Soon To Be Too Cold And Too Hungry" | Link
This is an incredible deep dive into the price of mayonnaise from @tracyalloway.
You gotta read it. You'll learn so much about how tricky it is to measure inflation, even at the level of a single item.
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The 1.4% slide in import prices and -0.7% ex-oil rounds out the data this week showing inflation rolling off the peak. At least we now know that transitory meant 16 months!!
#RosenbergResearch
Nike $NKE is currently the worst performing Dow stock in 2022 with a YTD decline of 31.2%. Disney $DIS had been the weakest but it's now the 6th worst after moving to 16%+ above its 50-DMA this week.
From our Trend Analyzer: | Link
Next financial crisis likely to centre on private markets. The rush into the sector was predicated on the continuous availability of cheap capital. | Link
Good morning.
The @WSJ on the Q-2 GDP contraction in the UK.
While it is a small decline, this will amplify policy discussions on how best to protect the most vulnerable segments of the population while reducing the risk of a prolonged #recession.
#economy | Link
Rhine River One Centimeter From Danger Zone | Link
The Inflation Reduction Act's EV tax credit requires all vehicles to contain a battery entirely sourced from North America. SPOILER ALERT: Only 22 of the 72 EV models sold in the U.S. QUALIFY. Yet another I’ll-conceived policy by the Washington’s Greenies
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The upcoming Social Security increase that will likely exceed 9 percent is mandated by law & necessary to protect the retired. But, it will add to the deficit and points to the importance of doing more to fight inflation and our commitment to the retired. | Link
The terminal total difficulty has been set to 58750000000000000000000.
This means the ethereum PoW network now has a (roughly) fixed number of hashes left to mine.
predicts the merge will happen around Sep 15, though the exact date depends on hashrate. | Link
The CHART OF THE DAY comes today from Elements, the new Bloomberg energy and commodities newsletter.
Germans are busy searching on Google for firewood !!!
📅 Subscribe (free) to get the daily newsletter in your inbox Mon-to-Fri at about 7am NY time: | Link
Ex-President Medvedev Warns Europe Of "Possible Incidents" At Nuclear Facilities | Link
I'll be on the @Benzinga PreMarket Prep show in a little bit. Tune in!
It's Over: CDC Says People Exposed To COVID No Longer Need To Quarantine | Link
Futures Rise In Morbid Volumes With All Eyes On 50% Fib Retracement Level | Link
Pharma stocks crater as investors brace for billions in heartburn drug litigation charges.
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#Bitcoin is the natural remedy to an artificial disease.