Demand Destruction Hits Gasoline (But Only a Little) as Prices Spike in Historic Leap Just for Summer Driving Season

Demand Destruction Hits Gasoline (But Only a Little) as Prices Spike in Historic Leap Just for Summer Driving Season

I see gasoline prices rising further despite this modest short-term & long-term demand destruction. By Wolf Richter for WOLF STREET. The price mayhem going on at the pump is now leading to some demand destruction. We’ve been seeing signs of it. We’re in the beginning of driving season, but gasoline demand is not following the … Read more

Bank of America CEO: US consumer in ‘very good shape,’ makes Fed’s job ‘tougher’

Bank of America CEO: US consumer in ‘very good shape,’ makes Fed’s job ‘tougher’

Bank of America CEO Brian Moynihan provides insight on ‘Mornings with Maria’ from the World Economic Forum in Davos, Switzerland. Bank of America CEO Brian Moynihan weighed in on the probability of a recession and argued that the US consumer is in “very good shape,” which makes the Federal Reserve’s job “tougher.” Moynihan provided the … Read more

Ethereum could ‘take over everything’, and there won’t be a multi-chain future, says EY’s blockchain leader

Ethereum could ‘take over everything’, and there won’t be a multi-chain future, says EY’s blockchain leader

Hello! Welcome back to Distributed Ledger, our weekly crypto newsletter that reaches your inbox every Thursday. I’m Frances Yue, crypto reporter at MarketWatch, and I’ll walk you through the latest and greatest in digital assets this week so far. Find me on Twitter at @FrancesYue_ to send feedback, or tell us what you think we … Read more

CEO pay rose 17% in 2021 as profits soared; workers trailed

CEO pay rose 17% in 2021 as profits soared;  workers trailed

NEW YORK — Even when regular workers win their biggest raises in decades, they look minuscule compared to what CEOs are getting. The typical compensation package for chief executives who run S& P 500 companies soared 17.1% last year, to a median of $ 14.5 million, according to data analyzed for The Associated Press by … Read more

Peanut butter recall: Candy and snacks made with Jif now being recalled

Peanut butter recall: Candy and snacks made with Jif now being recalled

Candy, trail mix and other snacks made with recalled Jif peanut butter are among the growing number of products being pulled from stores and vending machines nationwide as federal health officials investigate a multi-state outbreak of salmonella. At least 16 people from 12 states have been infected, with two hospitalized, the Centers for Disease Control … Read more

Ethereum could ‘take over everything’, and there won’t be a multi-chain future, says EY’s blockchain leader

Ethereum could ‘take over everything’, and there won’t be a multi-chain future, says EY’s blockchain leader

Hello! Welcome back to Distributed Ledger, our weekly crypto newsletter that reaches your inbox every Thursday. I’m Frances Yue, crypto reporter at MarketWatch, and I’ll walk you through the latest and greatest in digital assets this week so far. Find me on Twitter at @FrancesYue_ to send feedback, or tell us what you think we … Read more

Why Nvidia’s rise could signal a change in this jittery market

Why Nvidia’s rise could signal a change in this jittery market

With Nvidia (NVDA) the dichotomy between short-sighted traders and eyes-on-the-prize investors — like our Club members — continues. As much as the positive reaction on Wall Street to Broadcom (AVGO) buying VMware (VMW) and the excellent earnings of Dollar Tree (DLTR) say about the psyche of the market, the remarkably Lazarus-like move of the stock … Read more

3 takeaways from Dollar General, Dollar Tree earnings that sent stocks soaring

3 takeaways from Dollar General, Dollar Tree earnings that sent stocks soaring

Dollar General and Dollar Tree stores Getty Images Shares of Dollar General and Dollar Tree popped Thursday, as the discounters beat Wall Street’s quarterly earnings expectations, raised outlooks for the coming year and spoke of consumers flocking to lower prices during inflationary times. As of midday Thursday, shares of Dollar General were up about 14% … Read more