Macy’s, Costco and other big chains say shoppers are pulling back at their stores and changing what they buy. That could be a red flag for the US economy. Macy’s (M) on Thursday cut its annual profit and sales forecast after customer demand slowed. “The US consumer, particularly at Macy’s, pulled back more than we
With that cloud of [debt ceiling] uncertainty likely behind us now, are short-term conditions back to favorable? AI mania is running wild. The Nasdaq 100 is up more than 30% year-to-date. The recession narrative continues to build slowly, but nothing appears imminent. The VIX is still near 2023 lows. It sure looks like we’re back
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During the typical global recession, all areas of the economy (like manufacturing, services, retail, construction, and trade) tend to turn down around the same time. Yet, over much of the past year, only manufacturing and trade seem to be in a global recession, according to indicators such as industrial production, worldwide trade volumes, job growth
Venture capital investments worldwide dropped 47.8% year over year in May to $18.85 billion from $36.08 billion, according to S&P Global Market Intelligence data. The number of funding rounds slumped 38.9% to 1,129, from 1,847 a year earlier. May totals increased slightly from the previous month, when $16.52 billion was raised across 1,057 venture capital-involved
You can listen here or watch on YouTube using the timestamps below: 00:00 Intro 13:45 Liquidity In Secondary Loan Market 28:03 Commercial Real Estate 35:22 There’s Something Far Scarier Than Higher Borrowing Costs 41:41 The Giant Flaw In The “Banks Don’t Need Deposits Because They Create Deposits” Argument 44:38 Money Is Being Destroyed Right Now,