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    Text size The Federal Reserve building in Washington. Graeme Sloan/Bloomberg Interest rates have further to rise amid persistent inflation, while the labor market remains too strong for its own good. So says Charles Lieberman, former chief economist for one of the major New York banks that eventually was swallowed up by JPMorgan Chase. Of even ...
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    The world’s most important tech companies all reported their quarterly results this past week, and, in each case, the damage from a slowing global economy was in stark evidence. The witch’s brew of rising interest rates, higher fuel costs, the Russian assault on Ukraine, lingering supply-chain issues, and the U.S. dollar’s surge is infecting every ...
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    Higher costs driven by natural gas and smaller fertilizer applications could have a big impact on crop yields for the harvest season. Julia Kochetova/Bloomberg Text size The pullback in most commodities in July, with wheat and oil among the decliners, might be an indication that inflation will soon reach its peak, and some commodities could ...
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    Forward guidance sounds like a great idea. Central bankers should lay out their longer-term goals to influence financial markets. Just as hockey great Wayne Gretzky would skate where the puck was headed, instead of where it was, monetary authorities would try to guide markets where policy was expected to be months ahead. But central bankers ...
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    Text size A recession, if one comes, would be particularly bad news for full-service restaurants. Saul Martinez/Bloomberg Recent market volatility can make anyone’s stomach queasy. Some restaurant stocks, however, might be ready to chow down on. It’s been a tough three years for restaurants. First Covid-19 kept people from visiting their favorite eateries, while the ...
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    Freight train work isn’t glamorous. “There’s no Top Gun for the railroad industry,” says Rachel Premack, editorial director at research group FreightWaves. Technically, I found a reality show called Railroad Alaska that ran for three seasons and featured a bear attack and a porcupine infestation, but I’m pretty sure Premack’s point still stands. Crew pay ...
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    Text size The strong dollar is especially bad news for tech companies that realize much of their profits abroad. Sean Gallup/Getty Images Nothing can stop the dollar—and until something does, expect more pain ahead for global financial markets. To say the dollar is strong is an understatement. The Dollar Index gained 6.8% from the end ...
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    Beans and corn have caught my attention, and this time it’s not just because ShopRite put summer succotash on sale. Prices for America’s two biggest cash crops are well off recent highs. Corn is down 12% just since late June. Soybean oil has slipped 25% since mid-May. Meanwhile, shares of ingredient makers Archer-Daniels-Midland (ticker: ADM), ...
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    Text size The jobless rate held steady at 3.6% in June. Above, looking for work at a job fair in Florida. Joe Raedle/Getty Images The economy looks resilient, and inflation is coming down. That combination could mean a solid second half of the year for stocks after a tough first six months in which the ...
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    Text size Bed Bath & Beyond reported plummeting sales, raising doubts over whether it can pull off a turnaround. David Paul Morris/Bloomberg Three bathroom merchants slipped on a bar of soap this past week. I’m not big on arbitrary stock market definitions, but I’m pretty sure that’s known as a bearish nude sprawl. Technically, it ...