• August 19, 2024

Monterey Car Week: Unrestored Bugatti wins top honors; auction action hits speed bump; new luxe cars debut

Monterey Car Week in Pebble Beach ended yesterday with a bang. For the first time, a “preservation class” car won top honors at Sunday’s Pebble Beach Concours, a 1934 Bugatti Type 59 Sports fac...

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• August 19, 2024

An economic catastrophe is lurking beneath Russia’s GDP growth as Putin ‘throws everything into the fireplace’

Even as Ukrainian advances in the Kursk region pierce Russia’s aura of military invincibility, resurgent cynics have painted an unrealistically optimistic picture of a supposedly resilient Russian e...

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• August 19, 2024

Fed Chair Powell’s Jackson Hole speech just got a lot less predictable

Since 1981, Federal Reserve bankers, business leaders, noted academics, and government officials have gathered each August for a three-day symposium in Jackson Hole, Wyo., to discuss critical issues...

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• August 19, 2024

Goldman Sachs is no longer worried about a recession. Its top economist reveals the reasons behind this new call.

It's worth repeating: What recession ? On Monday, Goldman Sachs chief economist Jan Hatzius slashed his expectation for a US recession over the next 12 months to 20% from 25%. It was just ...

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• August 19, 2024

Mexico inflation likely eased in first half of August

MEXICO CITY (Reuters) - Mexico's year-on-year inflation likely eased in the first half of August, a Reuters poll showed on Monday, bolstering the case for the central bank to cuts its key interest r...

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• August 19, 2024

Musk blames the Fed for soft Tesla sales, but rate cuts won’t solve his problem, says ex-Hertz CEO

Elon Musk has been banging the drum for months that the Federal Reserve is chiefly to blame for Tesla’s flagging sales in its domestic U.S. market. He believes that if the Fed cuts interest rates it...

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• August 19, 2024

Lowe's expected to post further sales decline following Home Depot's disappointing results

Lowe's ( LOW ) is likely to follow in Home Depot's ( HD ) footsteps as shoppers hold off on home renovations amid a difficult macroeconomic environment. On Tuesday, Lowe's is expected to rele...

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• August 19, 2024

Brazil Analysts Lift Interest Rate Forecast as Economy Outperforms

(Bloomberg) -- Brazil analysts lifted their estimates for the benchmark interest rate at the end of next year after the central bank said it won’t hesitate to tighten monetary policy due to a strong...

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• August 19, 2024

McDonald's foot-traffic rebound will be the story to watch for the next decade, analyst says

McDonald's ( MCD ) comeback is underway, per Evercore ISI analyst David Palmer. "We are increasingly bullish on McDonald’s US business for 2025 with some relative market share trend improvement...

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• August 19, 2024

Recession mentions are near a 3-year low for corporate America

While discussion around a slowing US economy has rippled through Wall Street this month , the amount of companies actually discussing recession with investors during conference calls is near its l...

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