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US retail sales unchanged in June, beating forecasts for slight drop

Ironside Macroeconomics Managing Partner Barry Knapp speaks about “The Age of Financialization” during Unbreakable Investor’s “Making Money” town hall. U.S. retail sales were flat in June, signaling a strong underlying trend that could boost second-quarter economic growth forecasts. The Commerce Department’s Census Bureau said Tuesday that retail sales last month were flat, following an upwardly […]

Shooting fallout: Civil war, survivalists on lockdown, gun sales to spike

The attempted assassination of former President Donald Trump on the eve of the Republican National Convention has raised new concerns that anger at his historic comeback could lead to more violence and even civil war. With multiple polls already showing that voters were concerned about political violence before Saturday’s shooting at a Pennsylvania Trump rally, […]

Markets rise on US rate cut optimism; Tesla shares jump 10% after better-than-expected car sales – business live | Business

Important Events GSK buys all rights to influenza and coronavirus vaccines from CureVac GSK It has acquired all rights to develop, manufacture and sell mRNA vaccines for influenza and COVID-19 from a German pharmaceutical company. Cure Back. Britain’s second-largest pharmaceutical company will pay 400 million euros upfront and up to an additional 1.05 billion euros […]

McDonald’s ditched meat-free burger in US because of poor sales, executive admits

Years after McDonald’s tested meatless burger options in limited markets, the company’s U.S. chief executive has finally admitted that the chain has discontinued the plant-based burger due to poor sales. Last week, McDonald’s U.S. President Joe Erlinger The Wall Street JournalAsked about the company’s future plans for plant-based products at McDonald’s Global Food Forum, Erlinger […]

Home Sales Plunge, Investors Pull Back Too, Prices Drop 8.4% in 4 Months

Estimated Reading Time: 2 minutes Sellers are struggling with denial: Priced “right,” a home will sell, but “right” is where the buyers are, and they’re a lot lower. Sales of all types of previously owned homes – houses, condos, and co-ops – fell by 5.9% in October from September, the ninth month in a row of […]