Category: Uncategorized

Every three years, the Federal Reserve releases a study on consumer finances that is a stockpile of data on everything from household net worth to incomes. The 2019 Fed survey confirms statements I have made previously regarding how the Fed’s monetary interventions made the top 10% more prosperous than ever. They just left the vast majority of Americans behind.…

Fed Study: How We Made The Top 10% Richer Than Ever — geopolitic

AMC Entertainment, the largest theater chain in the world, said on Tuesday most of its theaters in the United States and Europe would remain open, with several movie releases lined up for October and November. Read More

AMC Entertainment to keep most theaters open — Financial Post

STOCKHOLM — Retail sales at IKEA, the world’s biggest furniture group, shrank 4% in the year to the end of August as demand recovered quickly from a slump caused by COVID-19, brand owner and franchisor Inter IKEA said on Tuesday. Read More

IKEA eyes return to growth this year after sales shrank 4% in 2019/20 — Financial Post

BRUSSELS — Britain and the EU are close to agreement on reciprocal social security rights for their citizens after Brexit, two diplomatic sources said, with one describing talks last week on an elusive trade deal as “one of the most positive so far.” Read More

‘Big progress’ in Brexit talks leaves EU seeing trade deal closer – sources — Financial Post