Browsing: inflation
TV chef Gordon Ramsay spends an extra $7.6 million on staff as U.K. restaurant empire losses triple
Gordon Ramsay built his stardom on a hot temper and penchant for yelling at underlings, as much as his exquisite…
Inflation and unemployment fears send consumer sentiment tumbling to a 6-month low, adding to red flags from Starbucks, McDonald’s
U.S. consumer sentiment fell sharply in May to the lowest level in six months as Americans cited stubbornly high inflation and interest…
‘Housing has hit rock bottom’: Top real estate CEO says high home prices are shutting people out of the market
Housing is complicated, but one thing is clear: It’s hard to buy a home right now. Let me paint a…
Billionaire real estate investor Barry Sternlicht says he expects at least one bank failure per week due to real estate loans: ‘That’s a fragile animal right now’
Barry Sternlicht, co-founder, chairman, and CEO of the $115 billion real estate giant Starwood Capital Group, is worried about the…
Billionaire Stan Druckenmiller says he’d give Bidenomics an ‘F’ because inflation almost came down before the Fed ‘fumbled on the five-yard line’
Bidenomics has another critic. Stanley Druckenmiller, the famed billionaire investor who made his money working alongside George Soros, has been…
Joe Manchin and mining officials slam EV tax credit rule change, calling it a “blank check” to China
The battle is all about rarefied graphite, an essential material for EV batteries. The federal government sent carmakers scrambling in…
Target treks off the beaten path amid sales slump—by selling its own-brand products at other retailers
Target is continuing to lean into its familiar strategy of private-label brands that have brought the Minnesota-based company $30 billion…
Softer jobs report could ease pressure on inflation, but ‘one month does not make a trend,’ Glenmede says
The April jobs report came in below economists’ expectations, giving them hope a softer labor market could ease pressure on…
Swedish companies are going bust at a ‘remarkable’ rate, with bankruptcies up 72% since last year
Bankruptcies in Sweden extended their streak of annual increases to 21 months in April, according to data from Creditsafe, which…
Jerome Powell has had it with the 1970s talk, saying he doesn’t see the ‘stag’ or the ‘-flation’ investors are worried about
After three hot inflation reports to start the year and some disturbing signs of persistent price pressures in the first-quarter…