Tag: Economic

© Reuters. FILE PHOTO: Hungarian Prime Minister Viktor Orban speaks as he arrives for an EU summit in Brussels, Belgium December 10, 2020. John Thys/Pool via REUTERS BUDAPEST (Reuters) – Hungary’s government will cut the price of six basic foods from February, Prime Minister Viktor Orban said on Wednesday amid an inflationary surge, extending price…

© Reuters. FILE PHOTO: Turkish lira banknotes are pictured at a currency exchange office in Istanbul, Turkey August 13, 2018. REUTERS/Murad Sezer By Nevzat Devranoglu and Tuvan Gumrukcu ANKARA (Reuters) -President Tayyip Erdogan promised on Wednesday to tame Turkey’s surging inflation, which hit 36% last month, but economists predicted it could push much higher, piling…

Shake Shack  (SHAK) – Get Shake Shack, Inc. Class A Report plans to open up to 75 more restaurants globally in 2022, which includes adding 10 locations to its fledgling drive-thru footprint, driven by a recovery in sales and revenue in the fourth quarter ended Dec. 29.The New York restaurant chain’s CEO Randy Garutti told CNBC…

© Reuters. FILE PHOTO: Workers are seen in a building undergoing construction at Mexico City, Mexico January 30, 2020. REUTERS/Andres Martinez Casares (Reuters) -BofA Securities on Tuesday slashed its 2022 forecast for Mexican gross domestic product growth to 1.5% from 2.5% previously, citing weaker-than-expected domestic economic activity, underlining concerns about the recovery in Mexico. BofA…

© Reuters. FILE PHOTO: The logo for Goldman Sachs is seen on the trading floor at the New York Stock Exchange (NYSE) in New York City, New York, U.S., November 17, 2021. REUTERS/Andrew Kelly By Gertrude Chavez-Dreyfuss and Chuck Mikolajczak NEW YORK (Reuters) – Some of Wall Street’s biggest banks now expect four U.S. interest…

© Reuters. FILE PHOTO: A customer asks for prices at a greengrocery store in a street market, in Buenos Aires, Argentina June 15, 2021. Picture taken June 15, 2021. REUTERS/Agustin Marcarian/File Photo (Reuters) – Inflation in Argentina is expected to reach 54.8% at the end of 2022, according to a central bank poll of analysts…

© Reuters. FILE PHOTO: Workers weigh goods in an open-air fruit and vegetable market in Caracas, Venezuela December 22, 2020. Picture taken December 22, 2020. REUTERS/Manaure Quintero By Mayela Armas CARACAS (Reuters) – Venezuela’s annual inflation rate hit 686.4% in 2021, demonstrating a deceleration of consumer price growth versus the previous year when inflation was…

© Reuters. FILE PHOTO: Polish Prime Minister Mateusz Morawiecki visits Orlen Lietuva oil refinery in Mazeikiai, Lithuania, June 3, 2018. REUTERS/Ints Kalnins WARSAW (Reuters) – Polish Prime Minister Mateusz Morawiecki is expected to announce more additions to the country’s anti-inflationary package on Tuesday, government spokesperson Piotr Muller said on Saturday. The measures in the whole…

Microsoft  (MSFT) – Get Microsoft Corporation Report, Amazon  (AMZN) – Get Amazon.com, Inc. Report and Disney  (DIS) – Get Walt Disney Company Report made Credit Suisse’s list of top monthly stock picks for January.The new names on the list are Disney, Discover Financial Services  (DFS) – Get Discover Financial Services Report, Emerson Electric  (EMR) – Get Emerson…

The Buckle, Inc. (BKE) – Get Buckle, Inc. Report announced today that comparable store net sales, for stores open at least one year, for the 5-week period ended January 1, 2022 increased 17.7 percent from comparable store net sales for the 5-week period ended January 2, 2021. Net sales for the 5-week fiscal month ended…