The Real Minimum Wage Is Always Zero No Matter What Politicians Say
Mar 26, 2024Jeremy Parkinson0
Image Source: Pixabay Economics once again defied the will of politicians — this time in Minneapolis, Minnesota.The Minneapolis City Council wanted to help out Uber and Lyft drivers, so it recently passed an ordinance setting a minimum wage for drive-share drivers. Under the law, companies such as Uber and Lyft must now pay their drivers a […]
Return On Chocolate: How Will Hershey’s Chocolate Company Respond To HyperInflating Cocoa Costs?
Mar 26, 2024Jeremy Parkinson0
At the start of the Great Financial Crisis(2008), ‘The Hershey Chocolate Company’ stood out among others because of one thing:Capital Efficiency.Here’s why Porter and Co. says about capital efficiency is important: “This term refers to the fact that not all profits are created equal. In short, when a business earns money, there are two primary places those earnings […]
Fed May Let Inflation Run Higher If Unemployment Surges
Mar 26, 2024Jeremy Parkinson0
Image source: Wikipedia At last week’s Fed meeting and press conference, the markets rallied as the FOMC’s Summary of Economic Projections suggested that the Fed members are still anticipating 3 rate cuts in 2024.Yet what got less attention, but maybe even more impactful, is that Jerome Powell suggested that the Fed may be willing to let […]
Canadian Dollar Extends Gains Against A Softer US Dollar In Calm Trading Session
Mar 26, 2024Jeremy Parkinson0
Photo by Michelle Spollen on Unsplash The Canadian Dollar (CAD) is showing a moderately positive tone on Tuesday, as the US Dollar keeps paring last week’s gains. A mild appetite for risk is dominating the market in a calm pre-Easter week. The echoes of the dovish monetary policy statement by the Federal Reserve last week are keeping US […]
2024 Global Market Outlook – Q2 Update: Pent-Up Exuberance
Mar 26, 2024Jeremy Parkinson0
Image Source: Pixabay Video Length: 00:04:07 We believe optimism over a soft-landing scenario – where economic growth slows but a recession is avoided – may deliver more near-term market gains, as inflation declines and central banks look to start easing around mid-year. However, we think the risks of a sharper economic slowdown later in 2024 are elevated, as […]
Stellar Demand For 5Y TSY Auction Despite Record $67BN For Sale To Fund Gargantuan Budget Deficit
Mar 26, 2024Jeremy Parkinson0
Image Source: Pixabay After a solid, if tailing, record big 2Y auction to start the week on Monday, moments ago the Treasury sold another record-sized batch of paper, this time in the form of 5Y notes, or specifically $67 billion of them, the largest such auction on record. While – as CNBC’s Steve Liesman said this […]
Progress Software To Report Q1 Earnings: Analysts Anticipate $1.14 EPS
Mar 26, 2024Jeremy Parkinson0
Image courtesy of 123rf.com Progress Software Corporation (Nasdaq: PRGS), a leading provider of application development and digital experience technologies, will release its first-quarter earnings report after the market closes on March 26, 2024. The company’s performance will be closely watched by investors and analysts alike as it navigates the tech industry’s ongoing challenges and opportunities. Analysts Expect […]
Wall Street Attempts To Resume Record-Setting Rally
Mar 26, 2024Jeremy Parkinson0
Stocks are slightly higher by midday Tuesday, as Wall Street attempts to resume its record-setting rally. For the Dow Jones Industrial Average (DJI) and S&P 500 Index (SPX), this run higher was cut short by back-to-back losses, though both benchmarks are notably higher this afternoon, while the Nasdaq Composite (IXIC) is on track for its […]
Sensex Today Ends 361 Points Lower; Broader Markets Outperform
Mar 26, 2024Jeremy Parkinson0
After opening the day marginally lower, Indian share markets continued the downtrend as the session progressed and ended the day lower.Equity markets were trading on a tepid note Tuesday amid a largely muted trend in Asia.At the closing bell, the BSE Sensex stood lower by 361 points (down 0.5%).Meanwhile, the NSE Nifty closed lower by 76 points (down 0.3%).Hindalco, […]
Gold: A Surge Into Summer?
Mar 26, 2024Jeremy Parkinson0
More mainstream analysts are “tuning in” to gold by the day. They are noting the incredible resiliency of this mightiest of metals during the recent rate hiking frenzy.Is China “taking over” gold price discovery and if so… is the price headed significantly higher?Well, the commercial COMEX and LBA traders in the West have always keyed off […]