Yves here. It may surprise most readers to learn that central bankers consider themselves to have done a tremendously good job in combating the Covid-induced inflation spike. This post tackles the disconnect between that view and how most citizens feel, as confirmed by Trump using inflation as an important campaign selling point and consumers in […]
The Post-Pandemic Disinflation: Low Sacrifice, High Prices Read More »
Royal Caribbean raised its full-year guidance Tuesday on the back of strong cruise bookings. The company now expects 2025 earnings of between $15.41 and $15.55 per share on an adjusted basis, up from prior earnings per share guidance of $14.55 to $15.55. CEO Jason Liberty noted traveler preferences are evolving, saying there’s an increase in
Royal Caribbean CEO says higher guidance reflects travel trends Read More »
A new Jeep Wrangler 4-Door Sahara 4×4 vehicle displayed for sale at a Stellantis NV dealership in Miami, Florida, US, on Saturday, April 5, 2025. Eva Marie Uzcategui | Bloomberg | Getty Images Auto giant Stellantis on Tuesday reinstated its financial guidance and touted a gradual recovery over the coming months. Stellantis, which owns household
Stellantis H1 earnings Read More »
Walmart and Major League Soccer are teaming up in a multiyear partnership that will see the retailer establish a bigger foothold in the sport and its growing U.S. fanbase. Walmart will invest in MLS and become an official sponsor and partner of the league. Terms and the exact length of the partnership weren’t disclosed. The
Walmart, MLS ink partnership to capitalize on U.S. soccer fandom Read More »
A version of this article first appeared in the CNBC Property Play newsletter with Diana Olick. Property Play covers new and evolving opportunities for the real estate investor, from individuals to venture capitalists, private equity funds, family offices, institutional investors and large public companies. Sign up to receive future editions, straight to your inbox. Whether it’s in
Real estate developers say affordable housing is getting more profitable Read More »
Let’s talk about money, specifically the use of bribery as a weapon in war and geopolitics. Like any weapon, it has technical characteristics and operational effects. In the ancient world bribery was practiced openly in the form of tribute paid by subject states to dominant powers. Masters were bribed to “protect” their subjects. In the
Coffee Break: Armed Madhouse – The Money Weapon Read More »
A Nike and Athleta store. Kylie Cooper | Reuters | Michael Brochstein | SOPA Images | LightRocket | Getty Images Gap’s Athleta has tapped the head of Nike’s women’s business in North America as its next CEO, delivering a blow to the sneaker company as it tries to win back more female shoppers. Maggie Gauger,
Nike loses head of North America women’s business to Athleta Read More »
NFL Commissioner Roger Goodell told employees in an email early Tuesday morning that one of the league’s employees was seriously injured in a Monday shooting at a Midtown Manhattan office tower. “A gunman committed an unspeakable act of violence in our building at 345 Park Avenue,” Goodell said. “The employee is in stable condition and
NFL employee seriously injured in shooting at NYC headquarters Read More »
Yves here. The individualized price gouging that Delta plans to implement seems to be coming soon. But as Hubert Horan explains, this case of “AI is coming to eat your lunch” does not look as easy to pull off as Delta might think. Even so, Congresscritters are already saddling up to head Delta off at
Yves here. One hates to say it, but “Woman goes to Mexico for [presumed cheap] liposuction, dies due to infection” has long been a staple of New York City news. But now stories like that and of severe injuries inflicted US doctors are becoming more common, due to the rise of plastic surgery mills, as
