Bad omen? Americans ate out less over the holiday season.
What’s one of the first things people do when they get worried about the economy? They cook more at home and eat out less. That’s what happened toward the end of 2022. Sales at bars and restaurants fell in both November and December — the first back-to-back monthly declines in almost a year. Receipts at […]
The 1980s was the blueprint for the upcoming disinflation cycle and these are the stocks for it, strategists say
Stocks are setting up for a third straight losing session after data sparked fears that the economy is losing steam, while the Fed pushes on with interest rate hikes. Or as CNBC commentator Ron Insana put it:On that front, our call of the day from Jefferies tackles that idea. “Disinflation is a key assumption for […]
Afraid of a recession and not ready to retire? Do this.
With talks of company layoffs and a possible recession, it’s prudent for older Americans who aren’t quite ready to retire to have a backup plan. Retirement Tip of the Week: Look over your resume, go through your list of contacts, brush up on any skills you need for your job and pretend you’re applying for […]
New Zealand Prime Minister Jacinda Ardern steps down: ‘I no longer have enough in the tank’
““I know what this job takes, and I know that I no longer have enough in the tank to do it justice. It is that simple.”” Those are the words of New Zealand Prime Minister Jacinda Ardern, who has announced she will not seek another term and will step down from her office by Feb. […]
Citigroup’s Jane Fraser is fine with remote work — as long as employees stay productive
Shape up or ship into the office. That was essentially the message Citigroup Inc. Chief Executive Jane Fraser had Tuesday for employees who slack off while working from home. While Citigroup C, -1.75% has been an outlier among Wall Street banks, offering a more flexible hybrid work schedule than most of its peers, that flexibility […]
This is the ‘sweet spot’ people are now willing to pay for a bottle of wine
Americans may be feeling financially constrained these days. And they may also be drinking less, as exemplified by the booming Dry January movement. But that’s not stopping them from spending $21 on a bottle of wine. That’s the price that has emerged as the consumer “sweet spot,” according to a new survey of more than […]
The Government Debt Threat Keeps Mounting: WSJ
If you thought the 2008 financial crisis was bad, wait until Washington has to stop borrowing. Source link
Oil demand to hit record level this year as China reopens, says IEA
China’s rapid shift to reopen its economy following years of Covid-19 lockdowns should help oil demand rise to a record level this year, the International Energy Agency said Wednesday. The energy watchdog lifted its forecast for oil-demand growth this year by nearly 200,000 barrels a day to 1.9 million barrels a day. The extra demand […]
The most unpopular portfolio in America wins in 2022 — again
Yes, Pariah Capital has beaten Wall Street. Yet again.Before fees, too.Oh, and we’re willing to make a semi-serious bet we will do it again in 2023. Pariah Capital is the exclusive free money advice service offered to our readers by MarketWatch. To reach our target asset allocation for the year ahead, we tap the finest […]
My stepbrother helped me get started in tech. I allowed him to live in my late’s father’s home. He told me, ‘Your dad wanted me to live here.’ What do I owe him?
My father dated someone when I was in early grade school, and mentored one of her sons, becoming the father figure he never had. For simplicity, I’ll refer to him as a stepbrother. I was about eight years younger, and my stepbrother helped me with some key decisions after I graduated. One key piece of […]