Adding utilities and mines, overall U.S. industrial production climbed 0.8% in May from April, the Federal Reserve reported Tuesday.Production rose 1.2% at mines last month and 0.2% at utilities.
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U.S. Retail Spending Fell 1.3% in MayRetail spending fell 1.3% in May. Supply-chain disruptions and business reopenings are triggering a consumer spending shift from goods to services. Ohh so now the FED can continue to inflate asset bubbles in eternity right? thanks Still waiting on pandemic relief checks for the people.
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Philips snafu may prompt valuation health checkKoninklijke Philips’ (PHG.AS) Chief Executive Frans van Houten has been making up ground on rival medical-technology group Siemens Healthineers (SHLG.DE). Offloading the 40 billion euro company’s domestic appliances business helped investors focus on the core message: the Dutch group sells market-leading kit in a fast-growing sector. Its valuation discount to its German rival almost disappeared in recent weeks: as recently as early 2021, Philips traded on a forward price-earnings multiple that was around 20% lower.
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Michaela Coel Dedicates BAFTA TV Award to I May Destroy You Intimacy Coordinator“Thank you for making the space safe for creating physical, emotional, and professional boundaries so that we can make work about exploitation, loss of respect, about abuse of power, without being exploited or abused in the process” BAFTAs
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People may be underestimating shipping impact on prices: economistWe may be underestimating just how much the shipping crisis will raise prices of consumer goods, a leading economist says
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