By Jonnelle Marte (Reuters) – U.S. consumers expect their monthly spending to grow above pre-pandemic levels this year but people are becoming less likely to spend big on vacations and other non-essential items – a sign that more households may be more concerned about rising prices, according to a survey released Monday by the New York Federal Reserve. The survey showed that consumers expect to spend more on daily living expenses in the coming year. But it also showed that… Source link
Read More »What to expect from White Sox pitcher Lance Lynn in 2022
What to expect from Lance Lynn in 2022 originally appeared on NBC Sports Chicago Lance Lynn and the White Sox showed exactly how they felt about one another in July, when Lynn inked a two-year, $38 million contract extension. Lynn was just months into his first season with the White Sox, but the right-hander told reporters, “There’s no point in me going into free agency if you know where you want to be.” Meanwhile, the White Sox had two starting pitchers named All-Stars in 2021, Lynn and… Source link
Read More »What to expect from White Sox shortstop Tim Anderson in 2022
What to expect from Tim Anderson in 2022 originally appeared on NBC Sports Chicago Chicago White Sox fans have watched Tim Anderson develop into one of the game’s preeminent shortstops. And nothing about that changed in 2021. Anderson was again excellent. His batting average — .240 at the end of the 2018 season and now expected to soar well north of .300 on an annual basis — wasn’t as high as his batting-title-capturing .235 from two years prior, or even as high as it was during the… Source link
Read More »Expect a major market sell-off in first half of year: Strategist
Expect a market sell-off so significant that the Federal Reserve will likely “not carry through” with all of its anticipated rate hikes this year, predicts macro investor Felix Zulauf. “I doubt that they will be as hawkish going through the year as they are saying now,” the CEO of Zulauf Consulting told Yahoo Finance. “My expectation is that we have a sharp sell-off in the markets, maybe 30% from the highs, into the summer, and then the Fed and other central banks will panic,” he added. “In… Source link
Read More »Don’t expect ‘old school’ inflation anytime soon: DoubleLine’s Jeff Sherman
The days of sub 2% inflation — as measured by the Consumer Price Index (CPI) — look over for quite some time, thinks DoubleLine’s co-chief investment officer Jeff Sherman. Sherman assigns the blame to the ongoing COVID-19 pandemic, and in part the extremely easy monetary policy employed by the Federal Reserve to gin up the economy throughout the health crisis. “I don’t think we are going back to the old school one and a half to 2% inflation because it’s permeated the psyche for a period… Source link
Read More »Nike earnings preview: Here’s what to expect
Nike (NKE) will report fiscal second-quarter results on Monday, with analysts looking for signs about whether the athletic giant can regain momentum it lost amid ongoing supply chain strains. Analysts polled by Bloomberg predict Nike will report adjusted earnings per share (EPS) of $0.62 on revenue of $11.26 billion. Like many athletic wear brands, Nike was hit hard by COVID-19 related factory closures in Vietnam throughout the summer, as well as supply chain delays that have snared the… Source link
Read More »Don’t Expect a New Google Pixelbook Anytime Soon
It may be a while longer before the Pixelbook gets its overdue reprise. Photo: Alex Cranz / Gizmodo If you’ve been holding out for a new Chromebook made by Google, you’ll have to keep waiting. A Chromebook team member just indicated there is no updated Pixelbook planned for 2022. Trusted Reviews reports that while attending a London-based event for Qualcomm, Google’s Chrys Tsolaki, retail partner manager for Chromebooks, commented on the future of Pixelbooks: “Next year there won’t… Source link
Read More »Yahoo Research Reveals What Marketers Can Expect From UK Shoppers This Christmas
Following a recent survey of over 2,000 UK consumers, global media and technology company Yahoo, have unveiled the key trends brands and marketers need to be aware of for the upcoming festive period. “From supply chain disruption, sustainability issues and financial strains, this year’s survey has revealed some key concerns amongst UK shoppers in the lead up to the festive season” said Josh Partridge, managing director & VP UK and co-head of EMEA at Yahoo. “As we approach one of… Source link
Read More »Don’t expect relief from supply chain, inflation woes next year, either
Better grab those Oreos while you still can, and while they’re still relatively cheap. With global supply chains ensnared by bottlenecks, Mondelez International (MDLZ) expects next year to be nearly as bad as the current one. The snack giant’s CFO addressed the labor and truck shortages mentioned in Mondelez’s third-quarter earnings results — and came around to a dispiriting conclusion. Although some economists had predicted shipping bottleneck relief could arrive by year’s end, “quite… Source link
Read More »Airlines expect millions of passengers this holiday season
Southwest Airlines (LUV) trimmed its schedule for November and December and has beefed up staffing ahead of the expected Thanksgiving and Christmas holiday travel rush. “So our reserves are over 20% for our crews, which helps you operate every single day,” Incoming CEO Bob Jordan told Yahoo Finance Live. That 20% is almost double the number Southwest had in place in early October when bad weather and Federal Aviation Administration (FAA) air traffic delays cascaded into a logistics nightmare… Source link
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