In Partnership with Annex
The trouble with tobacco
The Biden administration has floated a 2023 rule change that would establish a maximum nicotine level in cigarettes in an attempt to make them less addictive.
The reason behind the jump in EV prices
The average value of raw materials for EV’s is up 144% from 2-years ago.
Home Sales. Off slightly. What’s that mean?
Sales of existing homes in dropped 3.4% in May according to the National Association of Realtors, the weakest reading since June 2020.
What do you know about the new tax cut and how will it affect me?
What do you know about the new tax cut and how will it affect me?
A “normal” housing market by July?
More than 25% of homes currently on the market have cut their prices. But that’s not unusual.
The Fed steps it up
The 75 basis point increase in the short-term lending rate is the largest since August 1994.
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No relief from PPI. Next up, tomorrow’s Fed decision.
The plan was for half-point jumps in June and July as long as data came in as expected. That is no longer the case.
The Wealth Effect meets inflation
Higher interest rates weigh on stock prices. It’s a backdoor way of reducing people’s income via the Wealth Effect.
Target misses the bullseye
Their $15 billion of inventory is 43% higher than a year-ago. Much of it was late to arrive because of supply chain issues.
