Independent thinking for complex markets and current events
Trump and Harris Neck and Neck After Summer Upheaval, Times/Siena Poll Finds The survey finds that Donald J. Trump is retaining his support and that, on the eve of the debate, voters are unsure they know enough about where Kamala Harris stands. Former President Donald J. Trump and Vice President Kamala Harris enter the homestretch …
Tesla shares dropped this morning after the firm announced plans to lay off ‘more than 10 per cent’ of its global workforce as demands for its electric vehicles start to falter in a highly competitive market. CEO Elon Musk sent a company-wide email over the weekend announcing the layoffs, tech publication Electrek reported on Monday. …
by Dismal-Jellyfish https://www.bls.gov/news.release/pdf/ppi.pdf https://data.bls.gov/timeseries/WPSFD4&output_view=pct_1mth The Acceleration of Inflation in the Second Half Has Begun, “Disinflation” Honeymoon Terminated The Consumer Price Index (CPI) jumped by 0.63% in August from July, the biggest month-to-month increase since June 2022. Annualized, this amounts to a red-hot 7.8%. This jump comes despite the still ongoing ridiculous monthly adjustment to the health …