Dining out in Vegas becomes a tale of two consumers
Sam Marvin has spent the past year caught between losing profits and losing customers. He says his food costs have climbed 32% and his margins have fallen to roughly 4% at his restaurant, Echo & Rig, a midpriced steakhouse and butcher shop located off the Strip...
Five Things to Watch for Thursday’s Retail Sales Report
The Census Bureau will release April retail sales data Thursday at 8:30 a.m. and economists expect total retail sales to rise 0.5% from the prior month. This report will offer a critical read on how American consumers are holding up under inflation, and give newly...
U.S. hiring remains steady, but economists warn cracks are forming beneath the surface
The labor market showed surprising signs of resilience in April, revealing an economy that is trudging along in the face of growing uncertainty. The Bureau of Labor Statistics reported that on Friday employers added 115,000 new jobs in April, around double what...
What to Watch in March’s U.S. Trade Deficit Report
With the global economy beginning to feel the effects of the Iran war, the United States' trade deficit for March will likely widen amidst increased imports and exports. Here are five things to look for when the Department of Commerce releases its latest report...
Five things to watch out for in the February and March New Home Sales Report
The New Residential Sales Index will post an updated report on Tuesday with new homes sales data for February and March. It will likely reflect that prices are holding firm or slightly increasing due to low inventory and elevated construction costs, even as waning...
5 Things to Watch for in April’s ISM Report
Manufacturing in April will likely tick up for the fourth straight month, but pressures from the Iran War are expected to continue to keep manufacturers on their toes. Bloomberg’s economist diffusion index predicts a reading of 53.0 for the purchasing managers’ index...
5 things to watch for in the upcoming Case-Shiller report
The S&P Cotality Case-Shiller Index will post an updated report on Tuesday with single-family home price values through February. It will likely reflect continued price stagnation, but it will not yet show market disruption due to geopolitical turmoil. Here are...
As War Strains Aluminum Supply, an Aluminum Scrap ‘Bottle’neck Back Home
While beverage containers pile up in landfills and canners work more for less value on the nickel, a downward trend in recycling has caused a mounting crisis in the aluminum industry. The loss of precious aluminum from bottles and cans is squeezing an industry now defined by scrap production.
As war in Iran erodes nitrogen fertilizer market, American farmers pay the price
Fertilizer plays a critical role in modern agriculture, so critical that U.S. farmers are expected to spend $260 more per planted acre on fertilizer than on seeds. As American farmers prep their fields for the spring growing season, their minds are not on the soil in...