Cracker Barrel (CBRL) – Get the report from Cracker Barrel Old Country Store Inc. isn’t a household name for many, but for others it’s their mainstay when it comes to good old country house cooking. Anyway, Cracker Barrel is a business and wanted to expand their product and possibly their customer base by adding another … Read more
“We loaded up these very large rate increases, and now we’re getting closer to where we need to be,” Fed Chairman Jerome Powell told reporters. Of course, Powell said, another “unusually large” raise could also be on the table. But Wall Street looked beyond that. What happened next: Investors applauded Powell’s apparent pivot. The S&P … Read more
Crude oil prices fell on August 4 to their lowest prices since before Russia invaded Ukraine, as the futures market pointed to a possible recession that could dampen consumer demand. US oil benchmark WTI fell below $90 a barrel for the first time since the invasion began in February at $88 while Brent crude fell … Read more
(Kitco News) Gold rose above the coveted $1,800 an ounce on Thursday due to heightened geopolitical tensions between the United States and China. But Friday’s next jobs report could disrupt the momentum, analysts said. December gold futures rose $33 on Thursday, hitting a daily high of $1,812. As of this writing, prices are at $1,808.20 … Read more
The S&P 500 may be on the verge of securing two major bull SPXs, +0.01% milestones. First, the S&P has rallied from that mid-June low to major resistance at 4170. A two-day close above this level would be quite bullish and set the stage for a line challenge. downtrend defining this bear market as well … Read more
The past two years have taught epidemiologists a great deal about real-time surveillance of communicable diseases. One of the lessons learned is that wastewater can tell a lot about a population. So, in response to the covid-19 pandemic, the United States Centers for Disease Control launched the National Wastewater Surveillance System (NWSS) in September 2020. … Read more
Pinterest Inc. missed earnings expectations and guided revenue below analysts’ expectations in the current quarter, but shares still soared in after-hours trading as users are stuck around in a quarter that brought sudden change and attracted an activist investor. Pinterest PINS, +2.62% on Monday reported a second-quarter loss of $43.1 million, or 7 cents a … Read more
The impact of the past seven days will reverberate over the coming weeks. around the abandoned corridors of Wall Street and Washington DC as politicians and investors retreat to the Hamptons or Martha’s Vineyard or wherever they summer. Are we in a recession? It’s hard to say, but hopefully by September the insights we’ve gleaned … Read more
The covid pandemic is not over, but the United States has improved its management. People are still infected, but the easy availability of vaccines as well as new treatments has kept serious illnesses from overwhelming American hospitals. Most of the country is simply past the covid pandemic. You might see people choosing to wear masks … Read more
The airline industry, along with the world as a whole, was grounded once covid hit in March 2020. Eventually, some flights were available in 2020 with heightened safety precautions, but relatively few people were willing to take the risk. So it’s no surprise when the International Air Transport Association confirmed that 2020 was the industry’s … Read more
