Persistently high demand, not shortages, pose the biggest inflation risk, the bank said. That changes "what constitutes 'weak' or 'strong' data."
Inflation is the increase in the prices of goods and services over time. It indicates a healthy economy, but cash must be invested to keep up.
Saltwater pools may be a saving grace for pool owners affected by a major chlorine shortage this summer.
Inflation is the increase in the prices of goods and services in an economy over time. While a low, steady inflation rate around 2% annually is desirable, indicating a healthy economy, high or rapidly changing inflation is dangerous. Inflation lowers the value of cash savings. To hedge against it, invest […]
During the pandemic, many people stuck at home picked up puzzling, causing an estimated 300% spike in demand for companies like Buffalo Games, the largest puzzle manufacturer in North America. But just as demand was taking off in March, the manufacturing facility in Buffalo, New York, was shut down because […]
French dairy farmers are dealing with a surplus of cheese because demand dropped nearly 60% during the pandemic. Now, 5,000 tons of cheese are at risk of being wasted. The EU and dairy farmers are at odds when it comes to finding solutions to the market imbalance. The EU is […]
Grocery stores such as Giant Eagle and some Kroger locations are starting to limit shoppers’ meat purchases. The decision follows a warning from a meat executive about shortages and as processing plants begin to shut down because of outbreaks of the coronavirus among workers. As slaughterhouses shut down, both ends […]
Beer is expiring in untapped kegs around the country and breweries are taking the hit after ramping up production for events in March that proved to be a bust because of the coronavirus outbreak, according to a recent report. Dealing with millions of gallons of unopened beer, worth nearly $US1 […]
The Institute for Supply Management’s manufacturing index fell to 49.1 in March from 50.1 in February, it said in a Wednesday report. Bookings, employment, and production all fell sharply as the coronavirus pandemic hit business activity. “Comments from the panel were negative regarding the near-term outlook, with sentiment clearly impacted […]
California Gov. Gavin Newsom said California hospitals need 50,000 additional beds along with billions of pieces of medical gear in response to the coronavirus, according to a recent report. The state is improvising new locations for beds on hospital campuses, in hotels, and on medical ships. California is scouring the […]
Pernod Ricard, the producer of Absolut Vodka and other drinks, such as Jameson Irish Whiskey, says it will start to produce hand sanitizer at all its US distilleries. The US faces a massive hand-sanitizer shortage, and companies like Pernod Ricard are trying to help meet the demand. Pernod Ricard said […]
The ongoing coronavirus outbreak could result in a dangerous and unique type of global economic recession. The outbreak has already crippled spending activity in China and prompted widespread factory shutdowns, harming both supply and demand in the economic superpower – and infecting economic operations worldwide. Central banks are normally well-positioned […]
China seized 31 million fake face masks during the coronavirus outbreak, which has spread to 37 countries and killed more than 2,700 people and infected more than 80,000, Kyodo News reported Wednesday. Global demand for face masks is fierce, particularly in China, where shortages in supply have been rampant. Manufacturers […]
Apple has reportedly cut production for the iPhone XR, iPhone XS, and iPhone XS Max twice in the past two months to accommodate lower-than-expected demand for the new phones. Apple has about nine months before it unveils its next-generation iPhones. The company has ample time to improve demand for its […]
President Donald Trump announced his intention to institute new tariffs on aluminium and steel, ostensibly to support US jobs. But basic economics tells us the most fundamental consequence of a tariff will be higher prices and lower consumption for those goods, as Bank of America Merrill Lynch illustrated in a […]
Several reports from Asia say Apple has slashed component orders for the iPhone X, its most important product. Apple shares dropped on the news. Apple CEO Tim Cook has previously said about component orders that “even if a particular data point were factual, it would be impossible to accurately interpret” […]
Despite fears around supply shortages, you can...