While the market remains focused on tomorrow's CPI print, and to a lesser extent the April retail sales reports, which will both be released at 8:30am on May 15. we should flag another important report that doesn't typically get a lot of attention:
Struggling restaurant chain Red Lobster is reportedly abruptly closing at least 48 of its outlets across the US amid warnings they may file for bankruptcy.
Let's start by defining the working class in a meaningful way rather than by tossing around meaningless income metrics which implicitly suggest that exceeding some semi-arbitrary income bracket will magically lift a working class household into the
Shares of Airbnb stumbled in premarket trading in New York on Thursday after the home rental company beat earnings expectations for the first quarter but provided weaker-than-expected guidance.
For those unaware, Ray Dalio is one of the most successful hedge fund managers in the world. He has ran Bridgewater Associates since launching it in 1975. In 2013 it was listed as the largest hedge fund in the world and in 2020 Bloomberg ranked Dalio
Kiyosaki told his followers that "the crash has begun," while further stating that "it will be a bad one." Thereafter, he provided his user's tips to cope with the trouble ahead.
A major intellectual revelation from my youth came from reading Murray Rothbard's "What Has Government Done to Our Money?" (1963). He includes a passing opinion that private markets are perfectly capable of producing money with no help from gov
• https://www.zerohedge.com, by QTRs Fringe Finance
In one of the most fascinating discussions I've had in a while, I spoke last weekend with my friend Andy Schectman about the state of the world, markets, geopolitics and the economy.
National Black Farmers Association President John Boyd Jr. details the challenges U.S. farmers are facing and what the government could do to alleviate the inflationary sting.
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