Boeing: issues may be related to a short-term profit and compensation focus. Ferrari: a short history. And sales seem to be slowing. A quick look at bourbon maker Brown Forman. Lululemon’s sales are still growing well but may be slowing. More evidence that even dollar stores are being impacted by the slowing economy. New lending limits for houses are coming to Canada next year. Inflation falling slightly in Canada. A former Canadian finance minister recommends that the government should spend more…

A bit about diamonds and De Beers. More data pointing to the housing crisis in Canada. In the US they’re merely unaffordable. Fast Food sales are still growing. Despite politicians and academics telling us all how great the economy is, people in the US, the UK and Canada are not as happy as they were pre-COVID. Spoiler alert. The economy’s not that great. US office vacancies are still rising. Unilever is spinning off its ice cream business. And letting go over 7,000 people…

US consumers are still paying more money to buy less stuff. Credit card balances in the US are hitting new highs. People love shopping at Costco. And for good reason. Disney price hikes are starting to hurt sales. Bad weather has resulted in a tripling of the price of cocoa beans over the last year. Not good for chocolate lovers. One commenter believes that higher rates are a good thing because they’re a result of a healthy economy. I beg to differ…

The US government is worried about TikTok. On the burger front: Sales growth at Wendy’s is slowing. McDonald’s is noticing more of their customers eating at home. More evidence that inflation in the US will not go gentle into that good night. Apparel sales at Adidas were sharply negative. An opinion piece discusses how to fix Canada’s housing affordability crisis. An investment of $10,000 in the stock of Dollar Tree 29 years ago would be worth just over $1 million today…

Wendy’s thought about increasing prices during busy times. They backed off. At the Oscars, even the losers go home with nice prizes. More bad news for Boeing. The 30-year fixed rate mortgage in the US has been above 6% since September 2022. Airline baggage fees are going up. US inflation is proving resistant to higher interest rates. And a solution for dealing with governments’ ballooning debt. Spoiler alert: it will come out of your pocket…

Victoria’s Secret recorded their eighth consecutive decline in quarterly comparable sales. Foot Locker: Performance is improving. Target: Sales are still falling. Launching free same-day delivery with a membership. China exports turning a corner? Job growth in the US depends on the source: The establishment survey shows strong job gains. The household survey shows strong job losses. In Canada, population growth continues to outpace job growth…

Top grossing movies so far this year. As well as a quick look back at 1977. Boeing is required to halt all production expansion of their 737 MAX. Food prices in the US are up 25% since 2019. Used car prices are down 21% from peak. Debt in the US is exploding higher. Sales at Canadian merchandise retailer Canadian Tire are accelerating downwards. Like many retailers, their essential products are outperforming discretionary ones…

A shorter post today as I’m on vacation in Costa Rica. Some company descriptions with a bit of history. With food prices rising people appear to be cutting back on food consumption. This can’t be good for Ozempic. One of the largest advertising companies in the world is seeing sales decline in the US. Discount airline Lynx Air is bankrupt and will not be offering refunds. Prices are still rising in Canada, but not as much as they were…

American shoppers are spending less. But booze sales are still strong. All of a sudden, recessions are all the rage. Home Depot sales continue to fall. Walmart sales continue to rise. Inflation in the US is proving stubborn. Global semiconductor sales continue to grow from their low last February. The productive capacity of the Canadian economy is being destroyed by high levels of taxation and an exploding number of government employees…

High-end sports car manufacturer Aston Martin is selling a lot of cars, but they keep losing money. Coca-Cola is still increasing prices at a rapid pace, but so far they continue to grow volume. On an adjusted basis, the Taylor Swift Super Bowl was not the most-watched on TV. US inflation is proving stubborn, and some feel it bottomed-out at 3.0% last June. Cocoa prices are soaring due to weather issues…

More layoffs in the Finance industry. Semiconductor sales are still falling. The head of the Bank of Canada doesn’t believe that interest rates impact demand for housing. Needless to say, I disagree. High-end luxury sales are still very strong. Starbucks is still increasing prices. An opinion piece in the Globe and Mail says that Canadian house prices need to fall at least 40% nationally before they would be considered affordable…

The Emirates is an impressive airline. And things are heating up for Boeing. Over the years Americans have increasingly lost confidence in their government. Meanwhile, the opposite is true in Germany. The US is running record peacetime fiscal deficits outside of financial crises/pandemics. Meanwhile, Switzerland, which is at the top of the table in terms of confidence in their government, has a history of running a fiscal surplus…

UPS continues to see the volume of packages fall. They are letting go 12,000 people. Danish firm Novo Nordisk has been growing rapidly for over two decades. First by targeting diabetes. Now by “catering” to the weight-loss category. Over 80% of new cars sold in Norway are electric. New business openings in the US are very strong. Particularly in the home services sector. Alcohol consumption: Something doesn’t add up…

A debt collector has its own debt problems. Tesla sales and deliveries are slowing noticeably and expected to continue in 2024. French luxury group saw its sales rebound in the US and in Wines and Spirits. A quick look at French advertising company Publicis: sales are strong. More companies are announcing layoffs. A number of auto manufacturers have stopped installing AM radios. The Canadian economy is significantly underperforming…

It looks like there may be consequences for Boeing with their latest 737 Max mishap. The issues could come down to poor corporate culture. Netflix’s crackdown on password sharing is paying dividends. China’s residential property market is in trouble. Some large financial companies are trying to force workers back into the office. Business is shrinking in Europe. More countries are recognising the benefits of nuclear power…

The co-President of the Club of Rome has a few ideas on how to deal with growing wealth inequality. Core inflation in the UK seems to be stalling. Macy’s is letting go a number of corporate employees. Wayfair is also letting go a number of employees. They blame COVID for hiring too many people. Consumer confidence is growing in the US but still at a relatively low level. More evidence that the growth in electric vehicles is slowing…