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Consumers are feeling tight on money, the usa retail and dining industries can't hold on anymore! They are all lowering prices for promotions.
Analysis believes that although inflation in the USA this year has eased somewhat, many consumers still feel significant pressure as prices of essential items such as food, insurance, and housing remain higher than before the pandemic. As a result, American consumers are starting to reduce their spending, and American retailers and restaurants, which have been raising prices for years, are now trying to attract customers back through discounts.
Overnight news: U.S. stocks closed higher, tesla plummeted, Cybercab disappointing, boeing to lay off 17,000 people, moody's downgraded Volkswagen's outlook to negative.
For more global financial news, please visit the 24-hour real-time financial news market closing: US stocks rise for the fifth consecutive week, with the S&P index surpassing 5800 points for the first time. Top 20 US stocks traded on October 11: Tesla Cybercab disappoints, stock price plunges by 8.8%. China concept stocks had mixed performance on Friday, with Taiwan Semiconductor up 2.7% and H World Group down 1.7%. USA WTI crude oil futures closed down 0.4% on Friday, up 1.6% for the week. COMEX gold futures closed up 1.02%, with a total increase of 0.04% for the week. European stocks closed generally higher, with the Euro Stoxx 50 index up 0.68%. Macro美
Mcdonald's CEO warns: 2025 will be another challenging year.
Analysts believe that the economic situation of low-income families is expected to remain very poor by the end of the year and the beginning of next year, and consumers also face the potential threat of rising oil prices due to the tense situation in the Middle East. Under the heavy pressure of high inflation and high interest rates, mcdonald's CEO Kempczinski pointed out the need to prepare for another challenging year.
A Look Into McDonald's Inc's Price Over Earnings
A Look At The Fair Value Of McDonald's Corporation (NYSE:MCD)
After Years of Increases, Companies Are Rolling Back Prices -- WSJ
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Huang he : This is a sincere suggestion.
Dan’l : Don’t get me wrong: I appreciate your efforts to help others, and mostly agree, buUut… a few thoughts:
Invest in good companies, and stay well-informed about them. (I do *lots* of trading, selling at their highs, and buying back even more during lows.)
Look to ultimately open tax-deferred accounts, most especially if you’re able to use pre-tax incomes.
Invest what you can afford to; not what you can’t, or won’t, leave at least until it’s a good time to sell your position(s).
Never “yank your money” in a panic, while the markets are down… that’s usually the right time to put money in.
Don’t lose sight of your goals (but don’t forget to be generous along the way ~;-)
Bear Bear Craig OP Dan’l : Great insights! And yes to buying strong companies
Dan’l Bear Bear Craig OP : Indeed, and the cold/hard facts of assets/liabilities don’t always reflect the value of folks’ character/ingenuity.
Continue, among them ~;-)