Tag Archives: huge

From spiking oil and wheat prices to a potential shortage of neon gas needed for already-scarce semiconductors, the war in Ukraine is taking a toll on the global economy. And that includes the small beach towns that make up New Jersey’s shore region. Popular destinations ranging from Seaside Heights, made famous by “The Jersey Shore,” to Wildwood rely on foreign workers during the crucial summer months to run the boardwalk stands and amusements that generate much of the shore area’s… Source link

By Lucia Mutikani WASHINGTON (Reuters) – U.S. retail sales increased moderately in February as more expensive gasoline and food forced households to cut back spending on other goods like furniture, electronics and appliances, which could restrain economic growth this quarter. The report from the Commerce Department on Wednesday, however, showed the rebound in sales in January was much stronger than initially estimated. Record gasoline and high food prices are hitting lower-income households… Source link

Back up the dump truck on Caterpillar’s stock (CAT), says Jefferies analyst Stephen Volkmann. “Recent turmoil in Eastern Europe fundamentally reshapes global commodity markets, driving structurally higher pricing and after years of underinvestment capacity additions and supply diversification will be necessary in both mining and oil and gas sectors, though new projects will take time. Caterpillar has historically been a strong hedge to commodity and general inflation,” Volkmann said in a new… Source link

Berkshire Hathaway Vice Chairman Charlie Munger provided new perspective on how the role of local newspapers and traditional newsrooms are increasingly being replaced by untrustworthy voices. “We are going to miss these newspapers terribly,” Munger said at the Daily Journal’s annual shareholders meeting on Wednesday. “Each newspaper… was an independent bastion of power. The economic position was so impregnable… and the ethos of a journalist was to try to tell it like it is. And they… Source link

His 2021 season was impacted by an injury, but one fantasy football analyst sees a massive ceiling for D’Andre Swift in 2022. Spurred by heavy passing game usage early and back-to-back career-best rushing games, Detroit Lions running back D’Andre Swift was RB5 in full PPR fantasy scoring from Week 1-11 this season. It was notable that those back-to-back 130-plus yard rushing contests came in head coach Dan Campbell’s first two games as the new offensive play caller. Then, Swift suffered… Source link

A top Wall Street analyst thinks Apple’s stock (AAPL) is at risk of an earnings day sell-off, which would ultimately be a buying opportunity.  “Apple shares are up 19% since the October 4 low (vs. 5% for the S&P 500) suggesting December quarter upside is largely priced in,” warned Morgan Stanley tech analyst Katy Huberty in a new research note Thursday. Huberty expects Apple to report a better than expected quarter on Jan. 27, and guide to a relatively in line March quarter.  If the stock… Source link

Somehow, we get Washington Football Team on Sunday night when the NFL has what amounts to two division title games. So much for flexing.  There are two great matchups in the NFL in Week 16 and both happen at 1 p.m. ET. Both should directly affect who wins a division title.  Let’s start with the undercard, and that’s the Baltimore Ravens at the Cincinnati Bengals. The Pittsburgh Steelers and Cleveland Browns are still hanging around a wild AFC North race, but whoever wins Ravens-Bengals will… Source link

Two bad plays from Kyler Murray. That’s all it took to change the Arizona Cardinals’ footing in the NFC, and maybe the NFC West too.  That’s why the NFL is so hard. The Cardinals had the league’s best record until Monday night kicked off. Then the Cardinals lost 30-23 to the Los Angeles Rams — and had a chance to at least tie after a late onside kick recovery, but Aaron Donald ended the game with a sack — and will wake up Tuesday as the No. 3 seed in the NFC.  That’s three months of… Source link

(Bloomberg) — China Evergrande Group has officially been labeled a defaulter for the first time, the latest milestone in months-long financial drama that’s likely to culminate in a massive restructuring of the world’s most indebted developer. Most Read from Bloomberg Fitch Ratings cut Evergrande to “restricted default” over its failure to make two coupon payments by the end of a grace period on Monday, a move that may trigger cross defaults on the developer’s $19.2 billion of dollar… Source link

Weber’s secret weapon in its most recent quarter is one they have relied on time and time again to perform well in periods of high supply chain stress (such is the case now). Making more grills and components where the products end up being sold, says Weber CEO Chris Scherzinger. “We are the only major grill brand who makes our own grills and do it locally in the continent,” Scherzinger said on Yahoo Finance Live. Weber operates three manufacturing facilities in Illinois that handle metal… Source link