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There are puzzling economic signals, and after surging strongly in January and early February, markets are taking a puzzled breather Highlights The Bank of Canada has said that it will pause rate hikes The US Fed raised the Fed funds rate by the anticipated 0.25% on Feb 1 and the ECB and BOE raised their benchmark rates by the anticipated 50 bps each Markets rallied because Fed chair Powell acknowledged disinflation But job growth in the US is very strong, raising fears the Fed will have to tighten more The question is: which data do we trust? January 26 marked an important monetary policy milestone.... … [Read more...] about Puzzling economic signals and confused markets

KEY TAKEAWAYS The U.S. savings rate has plunged, and 401(k) accounts have declined as loans and hardship withdrawals exacerbate market losses. With interest rates rising, consumers appear less likely to borrow money in 2023. As a result, the recent decline in consumer spending may persist. Last year, the highest U.S. inflation in 40 years had an entirely unsurprising effect: shrinking the amount of cash in Americans' pockets—and portending challenges for consumer spending in 2023. From tapping their savings to dipping into their retirement accounts, Americans increasingly scrambled for money as the cost of living soared and the Federal Reserve's interest rate hikes, designed to lower inflation, raised borrowing costs. Nearly half of Americans said they have less savings than they did a year ago, according to a recent Quinnipiac University poll. As cash savings fell, so did retirement accounts: The number of 401(k) retirement participants taking out loans from their … [Read more...] about Cash-Strapped Americans Increasingly Tap Savings, Retirement Accounts

Share to Twitter Share to Linkedin The cannabis industry - both domestic and international in scope, and comprised of two substantial subsectors: marijuana and hemp - started last year off strong. Namely, with a splash of high-profile M&A activity in January and February. There was tremendous promise for growing the market. As we entered second quarter of 2022, the hope for a fruitful Q2 faded. By Q3, it was full-fledged retreat, with many of the industry investment conferences refusing to even consider seminar presentations or panels regarding workouts, receiverships or other proactive measures designed to protect or mitigate the poor economic conditions surrounding the industry and many of its operators. There was a concerted effort to “keep it positive” after the industry had been called “recession proof” and designated as an “essential business,” while enjoying record high sales numbers and revenues. Things were good — until reality set in. I … [Read more...] about 2022 Cannabis In Review And 2023 Opportunity Outlook

The central bank's commentary has a hawkish undertone and suggests that more interest rate hikes cannot be ruled out. Dear Reader, The Panorama newsletter is sent to Moneycontrol Pro subscribers on market days. It offers easy access to stories published on Moneycontrol Pro and gives a little extra by setting out a context or an event or trend that investors should keep track of. The RBI’s Monetary Policy Committee met market expectations by increasing the repo rate by 25 basis points, although it left some prayers unanswered. The fond hope was that the MPC would take its cue from global central banks and announce a pause on rate increases. The consolation is that two of the six MPC members didn’t want to raise rates. Nevertheless, the central bank's commentary has a hawkish undertone and suggests that more interest rate hikes cannot be ruled out. This is against what some global central banks have said. The Bank of Canada became the first central bank in a G10 … [Read more...] about Moneycontrol Pro Panorama | MPC plays it safe, more rate hikes coming?

Share to Twitter Share to Linkedin Oleh Svet, Chief Delivery Officer at Computools . The restaurant sector was among the most impacted during the Covid-19 pandemic as it faced strict social distance requirements, lengthy lockdowns and strict hygiene measures. These challenges, however, also forced owners to switch to digital solutions faster, speeding up what could have been a much longer process toward digitalization. Digitalization and process automation have helped many restaurants not only emerge from the crisis but also to step into a new development phase in post-crisis times. In fact, automation has been shown to help restaurants save money, reduce storage costs and deliver the freshest and highest quality food. In this article, I'll look at how four digital technologies can help improve the way the hospitality industry does business and what those in the industry should know about implementation. Online Menus Previously, … [Read more...] about How Hospitality Tech Is Changing The Restaurant Business