Losses from retail crime ticked up in 2022, causing many retailers across the country to change the way they do business, according to a survey released on Tuesday by the National Retail Federation.“Retailers are seeing unprecedented levels of theft coupled with rampant crime in their stores, and the situation is only becoming more dire,” David Johnston, NRF’s vice president for asset protection and retail operations, said in a statement. The annual survey by the trade group collected insights from 177 retail brands across 28 different retail sectors — including apparel, jewelry, grocery, and department stores — and accounted for more…
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Comparing gold only to fiat currencies can only capture its properties so far. This is why we are regularly comparing gold to other assets, such as beer or in this case, the iPhone. It is through these comparisons, that the properties of gold such as an inflation hedge can be observed even better. Let’s take a look.
Highlights IRA empowers state-level energy development Opening new transmission, distribution critical A little over a year since the passage of the US Inflation Reduction Act, success of the legislation largely aimed at reducing greenhouse gas emissions will be determined by how effectively different states take advantage of the tax credits and other incentives created by the IRA, experts said Sept. 26. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now President Joe Biden signed the IRA on Aug. 16, 2022, clearing the way for $370 billion in energy security and climate change spending over the…
Share: Since the middle of 2020, everyone from Goldman Sachs, JPMorgan to Bank of America called the beginning of a new Supercycle and hot-listed Commodities as their “preferred asset class over the next decade”. Fast forward three years on and this Commodity Supercycle has gone from strength to strength, showing no signs of slowing down anytime soon. As we enter the final quarter of the year, 2023 is now firmly on track to be a third consecutive year that has seen a total of 27 commodities ranging from the metals, energies to agriculture tallying up astronomical double to triple digit gains – outperforming every other asset…
A handful of countries from the BRICS alliance are cutting ties with the U.S. Treasury by offloading Treasury bonds. BRICS is increasingly looking to diversify its portfolios with gold, local currencies, and other commodities such as oil and gas. The move is a hedge against U.S. economic policies that will narrow down the dollar’s ability to fund its deficit. Recent data from the U.S. Treasury Department shows that BRICS dumped $18.9 billion in U.S. Treasury bonds just this month. Also Read: What Should The U.S. Do to Counter BRICS? BRICS Offload $122.7 Billion in U.S. Treasuries Source: Tutwa Consulting Group…
The fiat paper money system that has corrupted the world for decades must be purged. The rulers of the paper money have zealously rigged interest rates to zero (and even negative) since 1981. One may wonder what consequences have resulted from their elitist and misguided decisions. The Central Banksters print TRILLIONS of magic currencies. What happens when money is essentially free?Debts skyrocket upSavers are punishedHard work is less importantSpeculation becomes rampantWars become easy to initiate, finance and sustainZombie corporations and malinvestments multiplyGreed, envy and waste become entrenchedCrime spikes as the separation of the “haves” and “have nots” widensPrices of goods,…
WASHINGTON (AP) — The confidence of American consumers slipped this month, particularly about the future, as expectations persist that interest rates will remain elevated for an extended period.The Conference Board, a business research group, said Tuesday that its consumer confidence index fell to 103 in September from 108.7 in August. Analysts were expecting a smaller decrease, to a reading of 105.The index measures both Americans’ assessment of current economic conditions and their outlook for the next six months. Most troubling was the decline in the index measuring future expectations, which tumbled to 73.7 in September from 83.3 in August. Readings…
The Federal Reserve’s Federal Open Market Committee (FOMC) on Wednesday left the target policy interest rate (the federal funds rate) unchanged at 5.5 percent. This "pause" in the target rate suggests the FOMC believes it has raised the target rate high enough to rein in price inflation which has run well above the Fed's arbitrary two-percent inflation target since mid-2021. The press release from the FOMC was largely unchanged from previous recent meetings and contained the usual language about the state of the economy and the Fed's ability to manage it: Recent indicators suggest that economic activity has been expanding at a solid pace.…
Biden’s press secretary Karine Jean-Pierre said that Biden was laser focused on reducing inflation. At least he isn’t laser focused on little girls … for the moment. But he still does seem laser focused on providing Ukraine with billions of dollars. After months of soaring in the face of higher mortgage rates (and higher prices), new home sales hit a wall in August, crashing 8.7% MoM – the biggest drop since Sept 2022 (and four times worse than the -2.2% MoM expected)… But at least new home sales were up on a YoY basis. hat is the lowest SAAR since…
Highlights Eco-conscious cargo owners help carriers in green drive: WSC Robust IMO regulations needed to bridge price gap Container lines lead in decarbonizing shipping fleets Container lines have begun shifting to more sustainable marine fuels with support from eco-conscious customers, but robust emissions regulations on global shipping are needed for sector-wide decarbonization, World Shipping Council CEO John Butler told S&P Global Commodity Insights. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now Among all maritime transportation sectors, box shipping is the largest consumer of bunker fuels, the biggest source of greenhouse gas emissions as well…
One year ago, a pocket of borrowed money on the edge of UK bond markets imploded with enough force to topple a prime minister and draw the Bank of England into an emergency rescue.Now the world’s most influential regulators are intensifying their scrutiny of a mounting potential risk to the gilt market’s much bigger cousin: the $25tn US government bond market.Over the past month, the Bank for International Settlements, a convening body for the world’s central banks, and the US Federal Reserve have both pointed to a rapid build-up in hedge fund bets in the Treasury market. The so-called basis…
Highlights All new European vehicle sales will be EV from now on Strategy will be supported by investment of GBP 40 mil Plans to release 27 electrified vehicles, including 19 battery EVs by 2030 Nissan has announced that all new model sales in Europe will be battery electric vehicles from now on, with the company aiming for the total electrification of its European fleet by 2030, it said in a statement Sept. 26. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now According to the company, the electrification program, part of its Ambition 2030 strategy,…