Here’s What Costco Says About Inflation — And An Increase In Membership Fee

Since the market is obsessed with inflation and why the Fed would step off the accelerator, it’s worth considering what some companies are saying about it. The view of Costco Wholesale, the warehouse seller known for its competitive prices, seems so good for a start. And CFO Richard Galanti’s comments on his conference call suggest … Read more

Just 5 S&P 500 Stocks Ended Higher After Powell’s Sobering Jackson Hole Speech

Last updated: August 26, 2022 at 6:41 PM ET First Release: August 26, 2022 at 5:21 PM ET Federal Reserve Chairman Jerome Powell only needed a 10-minute speech on Friday to make clear that monetary policy would be relentlessly tightened in the coming months. Investors dumped stocks, causing the S&P 500 index to fall 3.4% … Read more

A new supercycle is emerging for the economy, and these are the stocks that would benefit, says strategist

It’s been an interesting summer for financial markets – more or less, a string of mostly gloomy economic data has led traders to think the Fed will loosen the pedal a bit, although they’ve been less convinced of that view over the past week. Dario Perkins, general manager for global macro at research firm TS … Read more

Why is diesel so expensive? Retailers are charging 20c per liter more than they should, fuel watchers say

Australians are paying about 20 cents a liter more for diesel than they should be, consumer advocates say. And they say there doesn’t seem to be a good reason for it. Federal treasurer Jim Chalmers says Australians are “absolutely nasty” about higher fuel prices. Although prices have fallen, experts say diesel prices have not fallen … Read more

US flash PMI data in July shows ‘worrying deterioration’ in economy

The numbers: The US PMI for services fell from 51.6 in July to a 26-month low from 47 in July, based on a “flash” survey by S&P Global Market Intelligence. Measurements below 50 indicate shrinkage. The manufacturing flash PMI slipped from 52.7 to 52.3 in June. This was the weakest level in two years. Key … Read more