This earnings season will be tough as inflation erodes margins, Barclays says

Inflation will be a key headwind during the second-quarter earnings season as higher prices eat into companies’ profit margins, according to Barclays. “In recent quarters, companies were able to maintain margins by drawing down on inventories built up at lower prices and by selling it to cash-rich consumers,” analyst Maneesh Deshpande wrote in a Thursday … Read more

Elon Musk: Tesla is waiting for inflation to ‘calm down’ before finally reducing EV prices

Elon Musk says that Tesla is waiting for inflation to “calm down” before it can finally start reducing the prices of its electric vehicles, which have increased 20-30% over the last two years. Early in the electric vehicle revolution, one of the main complaints was the cost. EV enthusiasts counter the argument with the claim … Read more

No full consensus; food security, inflation, Ukraine war top agenda

Indonesia’s Finance Minister Sri Mulyani Indrawati delivers a speech during the opening of the Group of 20 Finance Ministers and Central Bank Governors Meeting in Nusa Dua, on the Indonesian resort island of Bali, on July 15, 2022. Made Nagi | AFP | Getty Images BALI, Indonesia — Finance chiefs at the Group of 20 … Read more

Brian Kilmeade: Biden administration lost Americans’ trust in it to handle record-high inflation

NEWYou can now listen to Fox News articles! Fox News host Brian Kilmeade said the Biden administration lost Americans’ trust in its ability to combat inflation in Saturday’s opening monologue of “One Nation.” BRIAN KILMEADE: We have a more personal story: the domestic one affecting everything and everything that you buy, where you go. The … Read more

Recent inflations have local veterans worried they won’t find housing

JACKSONVILLE, Fla. – Some shelters in Jacksonville are booked. People staying in those shelters say it’s because of rent inflation — and having nowhere else to turn. The Clara White Mission said inflation has impacted their housing availability through the Clara White’s Veteran Housing Program. Inflation in rent is causing delays in getting residents into … Read more

Major Bitcoin Relief Rally Imminent As Sellers Lose Confidence, Says Crypto Analyst Nicholas Merten

A popular crypto analyst anticipates a major relief rally for Bitcoin (BTC) amid the uncertainties in the market. In a new strategy session, Nicholas Merten tells his 515,000 YouTube subscribers that more people are now willing to buy Bitcoin as the flagship cryptocurrency sees a massive sellout. 0:36 “We do believe that an extended bear … Read more