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“#Nasdaq falls for fourth straight day as Netflix plunges 22%” Wall Street’s main indexes fell on Friday, with the Nasdaq set for its fourth straight day of declines after a weak forecast from Netflix sent its shares along with other streaming companies spiraling lower. Netflix plunged 21.6% after missing market forecast for new subscribers at the end of last…
“#Canada is poised to beef up its military presence in Ukraine” Politics Insider for Jan. 20: Inflation hits a 30-year high; pressure intensifies on Trudeau over supply chain issues; and Ontario prepares to open up Welcome to a sneak peek of the Maclean’s Politics Insider newsletter. Sign up to get it delivered straight to your inbox in the morning. Guns…
“#Target CEO predicts inflation will limit driving, shopping” American consumers are likely to dial back on trips to stores and restaurants this year as soaring inflation makes shopping more expensive, according to Target CEO Brian Cornell. Cornell addressed the retail landscape during a Sunday appearance at a National Retail Federation event. He noted the rising…
“#Romaine lettuce prices soar 61% as farmers purposely grow less” If you’re lucky enough to get your hands on a head of romaine lettuce these days, it will cost you a lot of cabbage. The price for a pound of romaine has lately soared a whopping 61% from a year earlier to $3.27 — the…
“# Crypto heavyweights back inflation-resistant savings protocol ” Fintech startup Seashell has raised $6 million in seed investments from some of crypto’s biggest venture funds and project founders as it seeks to build out an inflation-resistant finance app — a timely initiative as consumers struggle with the pressures of rising costs. The investment round was…
“#A taste of Southern lied in Georgia y’all” The devil went down to Georgia and came back a lame duck. Joe Biden’s angry speech in the Peach State on Tuesday about so-called “voting rights” was stupid, divisive and full of lies, and it also exposed his impotence. Inflation has hit a 40-year high, store shelves…
“#Demand for chocolate fuels surge in cocoa price” The Omicron variant has done nothing to dampen Americans’ sweet tooth. Demand for chocolate remains high nationwide as retail sales rose by more than 5% per quarter, according to Bloomberg. The high demand coupled with tightening supply has led to a sharp spike in the price of…
“#Biden approval rating in drops again — to 33 percent: poll” President Biden’s job approval rating has tumbled to 33 percent in the latest Quinnipiac University poll, a whopping 17 percentage-point drop from February and an indication of American voters’ deep dissatisfaction over his administration’s response to rising inflation and a resurgence of COVID-19. More than…
“# Bitcoin shoots to $44,000 as US inflation hits 7% in December ” The latest figures from the United States Bureau of labor statistics show that the (Consumer Price Index) CPI hit 7% in December. Bitcoin (BTC) was volatile prior to the announcement, fluctuating over $2,000 from lows of $41,000 to $43,000 on Wednesday morning….
“#Federal Reserve projected to hike rates 4 times in 2022” The Federal Reserve is likely to hike interest rates more than expected in 2022 as the US economy grapples with surging inflation and tight labor conditions, Goldman Sachs analysts said in a note to investors on Sunday. The Wall Street bank said it now expects…