Looks like the start of a U-Turn on inflation. 2-year and 10-year yields jump.
The White House announced today that President Biden, eager to get something through the Senate without a long bruising fight, will re-nominate Republican Jerome Powell for a second term as chair of the Federal Reserve’s Board of Governors and will elevate Democrat...
Supply chain backups and shortages are causing all kinds of consumer woes, including low or missing stock.
California’s governor has issued an executive order to address the shortage of truck drivers and container storage to try to move critical cargo out of the state’s ports and alleviate congestion. The order directs agencies to find state, federal and private...
This week is all about the future of Bitcoin.
The first-ever ETF linked to the world’s largest cryptocurrency debuted Tuesday. It became the second-most heavily traded fund on record. Then Wednesday, Bitcoin hit an all-time high, topping $66,000. Its price shot up so fast that at one point, its value increased...
More price increases coming to a shelf near you. “We do not anticipate any easing of costs.”
What P&G Said about Soaring Costs, Supply Chain Woes, Inflation, and Trying to Keep Shelves Stocked Procter & Gamble [PG], which makes a broad range of consumer and health-care products, released its quarterly earnings today. Let me give you the short form:...
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