Before the COVID-19 pandemic began to ravage the United States, millions of Americans worked in offices and might have had round trip commutes that stretched into hours a day. That meant less time with family, less leisure time and even less time to sleep. The pandemic has changed that for much of the country. People who can work from home […]
Read moreRetail sales rising despite inflation concerns Money Map Press chief strategist Shah Gilani, Main Street Asset Management LLC CIO Erin Gibbs and Belpointe chief strategist David Nelson discuss the impact the market’s ‘volatility’ has on consumers. U.S. consumer confidence plunged to a 10-year low in November, reflecting heightened concerns among Americans about hotter-than-expected inflation and the rising price of everyday […]
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Shares of Vodafone Group Plc were gaining around 6 percent in the London trading as well as in pre-market activity on Nasdaq after the British telecom major said it now expects fiscal 2022 Adjusted EBITDAaL, a key earnings metric, at the top half of its initial forecast. In the first half, the company recorded weak pre-tax profit, but Adjusted EBITDAaL […]
Read moreHanesbrands CEO predicts ‘months’ before supply chain improves Steven Bratspies, CEO of Hanesbrands, discusses the factors contributing to the backlog in the supply chain. Supply chain backlogs are causing massive delays heading into the holiday season, and Hanesbrands CEO Steven Bratspies predicts it will be months, not weeks, before any significant improvements are seen. The supply chain problem, as Bratspies […]
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Trade fair starting on Sunday will tell the world that ‘India is back in business’, he says The economy is “bouncing back” strongly with festive sales hitting highs “not seen in a long time” and is set to record the highest-ever exports of $550 billion in 2021-22, Commerce, Industry and Textiles Minister Piyush Goyal said on Sunday. Merchandise exports stood […]
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The Crisil argument is based on the fact that the burden of inflation varies across different income groups, as the share of spending on food, fuel and core categories differs across classes Extrapolating the retail inflation print for October, which inched up on-month to 4.5% from 4.3% in September, but steeply declined from 7.6% on-year, Crisil says the richest 20% […]
Read moreFed giving stimulus amid pandemic ‘partly added’ to inflation issue: Polcari Slatestone Wealth chief market strategist Kenny Polcari provides insight into how Federal Reserve Chairman Jerome Powell may have impacted inflation concerns. Millions of Americans could be in store for higher taxes as spiraling inflation pushes consumer prices higher. The phenomenon, known as "bracket creep," results when taxpayers are pushed […]
Read moreConsumer prices hit 30-year high as Dems work to pass more spending FOX Business’ Jackie DeAngelis discusses how the liberal media downplays the inflation crisis. The need for a larger home and desire to move closer to friends and family during the COVID-19 pandemic coupled with low inventory and mortgage interest rates has spurred a record pace for home sales […]
Read moreInflation won’t ‘get better until it gets worse’: Expert CFRA chief investment strategist Sam Stovall argues consumer prices will peak in January 2022. The IRS on Wednesday announced 2022 inflation adjustments for a slew of different tax provisions, including federal income brackets and the standard deduction, that reflect a monthslong surge in consumer prices. Because of a spike in the […]
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