Topline Advance Auto Parts stock collapsed on Wednesday after a worse-than-expected earnings report revealed that growing price cuts have started to eat away at profit margins—adding to signs that companies may be forced to lower prices aggressively for goods and services in the coming months as the broader economy slows down. Shares of Advance Auto…
NEW YORK – SEPTEMBER 16: A Wall St. sign next to the New York Stock Exchange (NYSE) September 16, … [+] 2008 in New York City. U.S. stocks continued to drop Tuesday morning for the second consecutive day, following yesterday’s Dow Jones Industrial Average plunge of 4.4% or 504 points, being the worst single day…
Same store sales continue to disappoint. (Photo by Scott Olson/Getty Images) Getty Images Key Takeaways Nvidia Surges Tesla Makes Inroads In EV Charging Stronger Than Expected Economic Data Debt Ceiling Deal Near? The S&P 500 was up just under 1% and the Nasdaq Composite gained 1.7%, but that was hardly the story on Thursday. Chip…
There are several measures of the money supply, the most looked at being M2 (cash + demand deposits + time deposits + retail money market funds). That official series goes back to 1959 although there are estimates going back even further. But just looking at this 64-year history, what we find is that the two…
SAN FRANCISCO, CALIFORNIA – APRIL 27: An American Airlines plane prepares to take off past another … [+] American Airlines plane on the runway at San Francisco International Airport on April 27, 2023 in San Francisco, California. American Airlines reported better-than-expected first-quarter earnings with a net income of $10 million. (Photo by Justin Sullivan/Getty Images)…
getty A recent survey has announced something you already know. The Employee Benefit Research Institute conducted an online survey in late January and early February. It found that retirement confidence among workers has dropped to 64%. This is the lowest level since 2008 when America was on the cusp of its credit-crunch recession. The 2023…
BRAZIL – 2022/02/21: In this photo illustration, a hand holding a TV remote control points to a … [+] screen that displays the Dish Network Corporation logo. (Photo Illustration by Rafael Henrique/SOPA Images/LightRocket via Getty Images) SOPA Images/LightRocket via Getty Images Dish Network stock (NASDAQ NDAQ : DISH) currently trades at $6.60 per share, around…
Johnson Redbook Same Store Sales Universal Value Advisors The chart shows the continued downtrend in same store sales and, while the Seasonally Adjusted (SA) rise in April’s Retail Sales of +0.4% over the March number was cheered by the financial media, the Not Seasonally Adjusted (NSA) data showed a -2.4% fall vs. March and was…
SAN RAFAEL, CALIFORNIA – JUNE 08: Food inflation has come down from peak levels, but what will the … [+] next CPI release mean for interest rates? (Photo by Justin Sullivan/Getty Images) Getty Images U.S. inflation has moved down from the peak levels of last summer but remains relatively high, the Consumer Price Index for…
Future Y/Y Rates of CPI Inflation at Constant Monthly Rates of Change Universal Value Advisors Consumer Prices The Consumer Price Index (CPI) rose +0.4% in April (4.95% Y/Y). Core services (ex-housing), an important sub-index for the Fed, came in a little hot at +0.4% M/M (vs. +0.3% in March). In our view, this alone isn’t…