Black Friday’s and Cyber Monday’s Combined Retail Sales Didn’t Live Up to Investors’ Expectations
U.S. Cyber Monday sales were flat, as online retailers offered fewer discounts because of limited inventory and more shoppers returned to stores for purchases.
Indian Economy Sees New Crucial Threats from Omicron Variant
UBS said “New flare-ups of Covid infections [both ongoing and yet coming] in India, and particularly the emergence of new Covid strains against which currently available vaccinations provide little or no protection are probably the biggest downside risk,”.
U.S. Foreign Trade Deficit Trimmed in October but Remains Historically Elevated
According to the U.S. Department of Commerce, in seasonally adjusted terms, the U.S. foreign trade deficit slowed down to a monthly pace of 14.6% to reach a still-alarming $82.9 billion.
China Becomes Concerned about “Quasi-Stagflation” as Developers Face Mounting Troubles
According to Bloomberg, Liu Shijin, an adviser to the People’s Bank of China, the country’s economy may face a period of “quasi-stagflation” with relatively slow growth and excessively high producer-price inflation.
Largest U.S. Department Stores Upbeat on Upcoming Holiday Shopping Season
Macy's (M) stocks rallied after reporting comparable sales increased 37.2% on a comparable basis in Q3 and were up 35.6% on an owned-plus-licensed basis during the quarter.
J&J’s Company Split Action May Trigger Series of Biochemical and Pharma Corporate Restructurings
Johnson & Johnson (JNJ) is the latest big, diversified company to announce it is breaking into smaller parts.
Musk’s Twitter Poll on Selling His Tesla Shares Turned Out to Be a Prank
Tesla CEO Elon Musk sold $1.1 billion worth of company stock for tax reasons on Monday, according to financial filings.
Food Prices Keep Rising Globally
The United Nations unveiled that global food prices have surged to the highest level in more than a decade, driven by robust demand, supply bottlenecks and lackluster harvests.
Investors Stiff Their Upper Lip Eyeing Fed’s Firm Stance on Bond Purchase Tapering
Stock-market investors took the Federal Reserve’s decision Wednesday to begin tapering its monthly bond purchases without a hysteria, erasing early losses to see the Dow Jones Industrial Average, S&P 500 index and Nasdaq Composite score a fourth consecutive round of record closes.
Edward Snowden Likes Bitcoin and Doge, but Wary of Shiba Inu
According to Benzinga, in a recent tweet, the famous whistleblower in exile Edward Snowden warned about unleashing investing hype around Shiba Inu (SHIB) and said that people should not invest their hard-earned money in a "clone of dog money".
British Finance Minister Rishi Sunak is Upbeat on U.K.’s Economy and His Spending Plans
Multi-billion pound spending on health care services and transport were among the plans British Finance Minister Rishi Sunak announced in his latest budget statement on Wednesday.
Never Ending Debate About Whether Inflation is Transitory or Permanent Spiced Up by Stagflation Talks
According to Barron’s citing of Oxford Economics report, the U.S. is experiencing a rare phenomenon showing still strong, but cooling, demand that is being challenged by constrained, but accelerating, supply leading to some kind (transitory or sticking) inflation.
China Evergrande Shares Nosedived Again – Now on Failed Partial Buyout Deal
Beleaguered property insurance behemoth China Evergrande disclosed it was negotiating to sell part of its business to Hopson Development Holdings, its smaller rival.
Tesla Poised to Update Car Delivery Targets Based on Lingering Component Shortage
Tesla (TSLA) shares are trading higher in anticipation of the company's Q3 earnings report this week.