By: Jeff Deist Remember the quaint old days of 2019? We were told the US economy was in great shape. Inflation was low, jobs were plentiful, GDP was growing. And frankly, if covid had not come along, there is a pretty good chance Donald Trump would have been reelected. At an event in 2019, my […]
Money
Good news? S&P Services PMI weaken amid recession concerns hurt demand
This is good news? For whatever reason, the business media is celebrating the latest purchasing managers’ index (PMI) readings for August, which were rather disappointing. The S&P Global Composite PMI weakened to 44.6 last month, down from 47.7 in July. The S&P Global Services PMI dropped to 43.7, down from 47.3 in the previous month. […]
Crude oil rises ahead of key OPEC meeting
On the eve of the much-anticipated OPEC meeting, here is a look at how the energy markets are heading in overnight trading: West Texas Intermediate (WTI) crude oil: +1.53% to $88.20 Brent crude: +1.53% to $94.44 Natural gas: +1.83% to $8.947 RBOB gasoline: +0.29% to $2.47 Heating oil: +3.57% to $3.7058 Financial markets are expecting […]
Bed Bath and Beyond CFO Gustavo Arnal committed suicide
The Blood Bath and Beyond saga recently hit a somber tone after the death of the struggling company’s CFO. Bed Bath & Beyond Inc’s (BBBY.O) chief financial officer, Gustavo Arnal, committed suicide, the medical examiner’s office confirmed to CNBC on Sunday. The CFO, 52, fell from the 50-floor Jenga Tower in downtown Manhattan. Reportedly, Arnal […]
Mississippi will be first state to tax Biden’s student loan debt forgiveness plan
Mississippi has confirmed it will be the first state to tax President Joe Biden’s student loan debt forgiveness plan of up to $20,000. According to Bloomberg, Mississippi will tax residents who have had portions of their student loan debt forgiven as income. While it would be exempted from federal taxes, a recent analysis by the […]