Purchasing power has an inverse relationship with inflation. Igal Ness via Unsplash; Canva ContentsWhat Does Purchasing Power Mean? How Does Purchasing Power Relate to Inflation and Cost of Living? What Is Purchasing Power Parity? What Is a Purchasing Power Index? What Does Purchasing Power Mean? Remember when you could buy two Mcdonald’s Big Macs with…
The U.S. government and automakers seem to be on the same page about transforming the country’s car culture from one based on an internal combustion engine to one based on battery-powered electric vehicles. Both sides seem to understand that such a large change will require tens of billions of dollars in investments before consumers migrate…
For all you parents out there: want your kids to get filthy rich? One path to great wealth is going to a first-class university. That’s what a study from global research firm Altrata shows. Here is its ranking of the top 10 U.S. universities in terms of the number of graduates enjoying a net worth…
Leading indicators are forward-looking. bymuratdeniz for iStockphoto; Canva What Is a Leading Indicator? What Is It Supposed to Predict?A leading indicator is a published report, data set, or statistic that is used to help predict where we are in the economic cycle, and if a trend is changing. Leading indicators are forward-looking, because they evidence…
So many people you know are quick to tell you that they can’t function without their morning coffee. And thanks to that state of mind, Starbucks (SBUX) raked in $29.06 billion of revenue in 2021, and the business just keeps on growing. Founded in the early ’70s in Seattle, the brand took off on a meteoric…
Unlike smaller peers, the titans of the pharma industry don’t always get a share-price boost after earning an FDA approval. Bristol Myers Squibb (BMY) certainly did. The $150 billion drug developer enjoyed a 6% pop after announcing FDA approval for one of its closely-watched assets. Deucravacitinib, now branded as Sotyktu, snagged the regulatory go-ahead to…
Elon Musk is ubiquitous on social media. He built his brand there and above all he built a large part of his influence there. He even made an offer of $44 billion to acquire Twitter (TWTR) , a platform where trendsetters and opinion makers meet. The richest man in the world has managed through social…
U.S. equity futures traded firmly higher Friday, while the dollar retreated and Treasury bond yields held steady, as investors drew comfort from both the certainty of Fed rate hikes and the prospects of a soft landing for the world’s biggest economy. Federal Reserve Chairman Jerome Powell’s forty minute discussion with Cato Institute president Peter Goettler…
A typical internal combustion engine has around 200 parts that need to be maintained and possibly replaced if they wear out. An electric vehicle takes that number down to around 20. Add to that the fact EVs do not directly emit carbon emissions and generally respond faster and better than traditional gas-powered vehicles, and California’s…
Digital World Acquisition (DWAC) , the blank check company attempting to merge with former President Donald Trump’s fledgling media group, failed to find enough shareholder support late yesterday for a one-year extension on its merger plans. The group instead arranged a three-month extension, which lasts until December 10, while postponing a vote deadline on the…
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