China Holiday Spending Lags Pre-Covid Era, Showing Stimulus Need

Oct 8, 2024 | Markets

Chinese tourists shelled out less money during their long holiday that ended Monday than before the pandemic, even as signs emerged that spending is stabilizing after a barrage of stimulus recently unveiled by the government. While travelers made 10.2% more trips...

Guggenheim CIO Says Inflation of Up to 4% Could Be a New Normal

Oct 8, 2024 | Markets

Price pressures may be more severe than pre-Covid: Anne Walsh Fed should ‘take collar off’ on 2% target and work with range While price pressures have eased dramatically in the past two years, the war against inflation isn’t over just yet — and factors from spending...

WARNING: “Buffett Indicator” flashing for first time in 50 years

Oct 8, 2024 | Markets

Warren Buffett has sold a staggering $97 billion worth of stocks this year… And parked nearly half of Berkshire Hathaway’s in ultra-safe T-bills. But why? Our research indicates the Oracle of Omaha is quietly preparing for a historic market crash. His most...

Jerry Jones Sees ‘Huge Growth Left’ as Private Equity Enters NFL

Oct 8, 2024 | Markets, Private Markets

Dallas Cowboys owner says deal interest shows league strength Billionaire touts 2026 IndyCar race in Texas with Roger Penske Dallas Cowboys owner Jerry Jones predicted major growth in the value of National Football League franchises as teams begin selling stakes to...

German Economy May Contract in 2024, Bundesbank Chief Says

Oct 8, 2024 | Markets

Second half of year is weaker than expected, he says in Berlin ECB official worries about more protectionism if Trump wins The German economy is likely to experience another year of contraction with the US election posing an additional risk to Europe’s growth,...

PepsiCo Trims Sales Outlook While Pledging to Meet Profit Goal

Oct 8, 2024 | Markets

Organic revenue seen rising by a low single-digit percentage Company seeks to manage costs amid subdued growth, CEO says PepsiCo Inc. reduced its revenue outlook, citing slower-than-expected growth and international unrest, but said cost cutting and greater efficiency...