Does Mars really like Pringles Potato Chips that much? Food conglomerate Mars Inc. is paying a whopping $36 billion for Kellanova, maker of the stackable potato chip, PopTarts, and Eggo waffles, among other snacks.
Tag: U.S. Economy
Post
BATTERY COMPANY TO BUILD $1.4-BILLION PLANT IN NORTH CAROLINA
Natron Energy, a $300-million startup developing a novel battery technology based on sodium, has announced plans to build its first commercial-scale factory, a $1.4-billion project in North Carolina.
Post
SURGING POWER DEMAND REVIVES U.S. COAL, GAS INDUSTRIES
Data centers that power artificial intelligence (AI) are spiking demands for electricity and are projected to double 2022’s U.S. electricity demand before 2027.
Post
RETAIL SALES GREW BY 1 PERCENT IN JULY
July’s 1-percent expansion in the U.S. retail economy was the largest month-to-month gain since early 2023, the commerce department reported, even as consumers coped with high interest rates and rising prices.
Post
UNEMPLOYMENT CLAIMS ARE FEWEST SINCE MID-JULY
During the week ending 10 August, new weekly claims for U.S. unemployment benefits decreased by 7,000 to reach 227,000, the fewest in the past month.
Post
INFLATION DROPS BELOW 3 PERCENT FOR FIRST TIME IN THREE YEARS
The U.S. Consumer Price Index rose at an annual pace of 2.9 percent in July, falling from 3.0 percent in June and sliding below 3 percent for the first time since 2021, the Bureau of Labor Statistics (BLS) reported.
Post
ECONOMIC UPDATE—MARKET OVERVIEW
While the equity markets keep going up, the global economy, as we report with factual data in this and previous Trends Journals, keeps going down.
Post
TOP TREND 2023, OFFICE BUILDING BUST: DESPITE RECORD VACANCIES, NEW YORK CITY’S OFFICE BUILDINGS RISE IN VALUE
Even with a vacancy rate just below 25 percent, the assessed value of Manhattan’s office buildings has crept up from $202.3 billion to $204.8 billion since July 2020, when the COVID War sent workers home and market values sliding.
Post
THEME PARKS? NOT THIS YEAR
Disney, Six Flags, and Universal all reported fewer people visiting their theme parks in their most recent quarters. Comcast, which owns Universal theme parks, reported revenue from the division down 10.6 percent in the most recent quarter.
Post
INVESTORS DUMP JUNK LOAN FUNDS
Junk loans funds—funds that lend to highly leveraged companies—saw their biggest outflow of cash during the recent market crash as investors rethought risk.