By Gregory Mannarino, TradersChoice.net Turn on the mainstream news and all the talk now is about the rising state of inflation. It’s an interesting situation, as, for years, the talk used to be “there is no inflation” – but that narrative has certainly changed in a big way. This mainstream spin on this is: “The...
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U.S. MARKETS OVERVIEW
U.S. share prices slipped on April’s last trading day but registered gains for the month as companies reported strong first-quarter earnings. Investors’ buoyant mood was tempered by the mainstream media blasting fear and hysteria of rising coronavirus cases in India. Indeed, last Thursday, CNN, the Cartoon News Network, hyped the India COVID crisis as “a...
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GOING DOWN, GOING BUST, GOING OUT
RESTAURANT CHAINS: THE CASUALTY LIST. The pandemic and resulting economic shutdown damaged about 110,000 restaurants in the U.S., estimated by the National Restaurant Association. Among the popular chains that sank into bankruptcy: Bar Louie. “The Original Gastrobar” serving upscale food and drinks; Bamboo Sushi. West Coast chain where the sushi was sustainable but not the...
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NESTLÉ NEARING PURCHASE OF VITAMIN MAKER
Nestlé, the world’s largest food company, is in discussions to buy Bountiful Co., maker of protein bars, Nature’s Bounty and Puritan’s Pride vitamins, and Osteo Bi-Flex joint-care supplements, among other nutrition-related items. Nestlé, with about $9.4 billion in cash on hand at 2020’s end and a market value of almost $340 billion, is moving aggressively...
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BLACKSTONE GOBBLING UP INDIA’S STORAGE SPACE
Blackstone Group, the largest owner of India’s office buildings, will spend $720 million to buy 3.5 million square feet of warehouse space and development sites that could sprout another 18 million square feet, the Wall Street Journal has reported. Blackstone has set its sights on online shopping’s growth in the country, the WSJ said. E-commerce...
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ECB: MORE MONETARY METHADONE
The European Central Bank (ECB) will continue its bond-buying stimulus program unchanged and will leave it in place longer than the U.S. Federal Reserve continues its spending spree, bank president Christine Lagarde said at a 22 April news conference reported by the Wall Street Journal following bank officials’ monthly meeting. The bank will hold its...
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HIGHER GAS TAX COMING
Giving themselves a name that only a comic book series could invent, “The Problem-Solvers Caucus,” a gang of 58 Washington politicians issued a report that suggests raising gas taxes so the workers of Slavelandia could help pay the $2.3-trillion cost of President Biden’s infrastructure proposal. The federal gas tax has been fixed at 18.4 cents...
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WILL EV’S JUICE THE ECONOMY?
A U.S. transportation system running entirely on all-electric vehicles would save every American household an average of $1,000 a year by 2050 and bring two million new jobs to the economy, according to the 2035 Report 2.0, a study by the University of California at Berkeley. The conversion also would prevent 150,000 premature deaths attributable...