With consumers turning away from national brands and eating at home instead of out, food companies are scrambling to win back their customers while also trying to protect their margins and what have been comfortable profits over the past three years.
Productivity among American businesses grew by 2.3 percent in the previous quarter, the U.S. Labor Department reported, more than a fivefold improvement over the 0.4 percent booked during the year’s first three months.
We note that old Great Depression song, “What a Difference a Day Made” to show how, in just “24 little hours” the equity markets, like life, can go from the sky being stormy to “moments of bliss.”
The U.S. economy added just 114,000 nonfarm jobs in July. The number was far below the 185,000 Dow Jones had expected, below June’s revised number of 179,000, and almost half of the 215,000 new jobs averaged over the past 12 months.
German conglomerate Robert Bosch has agreed to pay $8.1 billion to take over the heating and air systems business now owned by a partnership between Hitachi and Johnson Controls International.
An increasing number of Americans are unable to make their monthly credit card payments, according to data from the Federal Reserve Bank of Philadelphia.
In 237 U.S. cities, a low-priced starter home now costs at least $1 million, according to online brokerage Zillow. The number has almost tripled since 2019, when 84 cities featured seven-figure entry-level homes.
U.S. GDP grew by 2.8 percent in April through June, doubling the first quarter’s pace of 1.4 percent.
The data is there for all to see, but most believe in what they want and facts don’t matter.
Deutsche Bank will see loan losses equivalent to 0.30 percent of the value of its loan portfolio this year, the bank said last week. Earlier, it had warned of losses that could be as low as 0.25 percent.