Tag Archives: explosion

U.S. consumer prices rose 8.6% in May from a year ago, marking the biggest increase since December 1981. But according to pollster and GOP political strategist Frank Luntz, things are about to get a lot worse. “We are 13 days away from an absolute explosion on inflation,” Luntz told CNBC last week, referring to the upcoming 4th of July weekend. He explains that Independence Day, Thanksgiving, and Christmas are three holidays where Americans hit the road and “buy more food than any other… Source link

Guillermo Rigondeaux was discharged from the hospital on Friday. (Photo by Mitchell Leff/Getty Images) The career of a former champion and amateur boxing legend is in limbo after a horrific cooking accident, according to ESPN’s Mike Coppinger. Guillermo Rigondeaux reportedly lost approximately 80 percent of his vision when his pressure cooker exploded while he was cooking Cuban black beans at his home in Miami on Thursday. Rigondeaux’s manager, Alex Boronte, told ESPN that boiling water… Source link

As the supply chain crisis threatens to disrupt the holiday shopping season, more people are turning to an unlikely source — used clothing — to fill the gap. November is known traditionally as one of the best months to find deals. This year, however, many hot products are in short supply, or are more expensive than usual because of supply chain bottlenecks. And while discount sales started sooner this year, the secondhand clothing market is increasingly popular. “We’ve seen an explosion… Source link

With corporate cash balances looking flush again as businesses recover from the depths of the COVID-19 pandemic, Goldman Sachs (GS) strategist David Kostin thinks a stock buyback “bonanza” is on the horizon.  Kostin estimates a 35% increase in share buybacks this year and a 5% pop in 2022. Share buybacks from U.S. companies through April have tallied $484 billion, more than double the pace at this same point last year. It marks the quickest pace of U.S. buyback announcements to kick off a… Source link

  The market may be trading sideways at the moment as traders digest rising Treasury yields and banter around meme stocks and higher taxes, but it could come alive again soon amid looming first quarter earnings reports from corporate America. Because all indications are that a profit explosion from corporate America is poised to be on full display as earnings reporting season kicks off in mid-April. Those hearty bottom line gains would reflect companies cycling comparisons to businesses being… Source link

The list of things that are gearing up because of the EV boom is a long and lucrative one. It’s not just about EVs anymore. EVs are simply one delivery mechanism in a massive worldwide energy transition.  Sure, September saw record EV sales up 91% year-on-year, with UBS forecasting that EV market share will reach 40% by 2030, and Tesla planning to rapidly accelerate production with 3 new factories in 3 countries and 20 million EVs coming off the line by 2030, for a 40x increase over this… Source link

Well, shucks. Just as I was about to put my brain on auto-pilot for the remainder of the year, Google went and made a major purchase — one that may seem ho-hum on the surface but that could end up being one of the most significant expansions to Google’s ambitions in ages. Google, if you haven’t heard, is buying a company called Neverware. Never who? Never mind — it isn’t exactly a household name, I realize. But for anyone who pays close attention to Chrome… Source link