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13.11.26 - 16:33
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Rate-Hike Odds Steady As Food & AI Lift Producer Price Inflation To 4 Year High (ZeroHedge)
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Rate-Hike Odds Steady As Food & AI Lift Producer Price Inflation To 4 Year High
After the hotter-than-expected CPI earlier in the week, wholesale inflation was expected to accelerate at a slower pace in October (relative to the +1.3% MoM surge in September).Headline Producer Prices printed just slightly cooler than expected (+0.3% MoM vs +0.4% MoM exp), lifting PPI up 6.5% YoY (from 6.3% YoY in September). That is the highest YoY print since Nov 2022On a MoM basis Energy actually deflated (but is accelerating YoY)...With Fuel inflation absolutely dominant......but arguably that is 'peaking' this month, given the rapid decline in crude prices in the last month...Food prices are soaring though...Core PPI (Ex-Food and Energy) rose 0.3% MoM as expected and up 5.0% YoY...Goods prices rose at a faster pace than Services costs but both rose in October (for the 3rd straight month)...And AI is also having a sizable effect with the recent rapid surge in memory prices has stabilized (but is not dro...
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13.11.26 - 15:45
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Stuttgarter Brauereien setzen auf regionalen Schulterschluss (DPA-AFX)
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STUTTGART (dpa-AFX) - Die Brauereien Dinkelacker und Radeberger gründen in Stuttgart ein Gemeinschaftsunternehmen. An ihm halten beide Firmen je 50 Prozent der Anteile und Stuttgarter Hofbräu von Radeberger geht in das neue Unternehmen über, wie die beiden ......
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13.11.26 - 00:51
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Wisconsin Retiree Hands Gold To A Stranger In A Fast-Food Parking Lot After Fake FBI Calls - Then It Got Worse (ZeroHedge)
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Wisconsin Retiree Hands Gold To A Stranger In A Fast-Food Parking Lot After Fake FBI Calls - Then It Got Worse
A Wisconsin retiree lost more than $400,000 of her retirement savings over three months to scammers who posed as her investment company, the sheriff's office, the FBI, the Federal Trade Commission and, finally, the Better Business Bureau, according to an InvestigateTV report published Nov. 11."Forty years' worth of savings, and it's gone," the Winnebago County woman, whom InvestigateTV calls Mary, told the outlet.It started with a pop-up carrying her financial company's logo, which appeared while she was booking an appointment with her financial advisor. "They locked my computer to the point where I couldn't even shut it off manually," she said. A caller claiming to represent her investment company then told her the account had been hacked and that she was a suspect in weapons dealing and money laundering.The callers said someone had taken out a $35,000 high-interest loan in her ...
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12.11.26 - 23:48
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Burger Wars Heat Up: Fast-Food Chain Dubbed "100 Times Better" Declares War On McDonald′s With $2 Menu (ZeroHedge)
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Burger Wars Heat Up: Fast-Food Chain Dubbed "100 Times Better" Declares War On McDonald's With $2 Menu
The fast-food burger wars are heating up as a smaller McDonald's rival rolls out a new lineup of burgers, fries, and other favorites priced under $2, escalating the battle for cash-strapped Americans squeezed by years of inflation.Checkers & Rally's has introduced its new "Cha-Ching Menu," featuring various budget-friendly items as fast-food restaurants compete to win back inflation-weary Americans frustrated by rising drive-thru prices. The menu includes an All American Cheeseburger, a Smokehouse Cheddar Burger, a grilled hot dog, chicken bites, seasoned fries, cinnamon apple pie, and a value-sized drink. The burgers cost just $1.99, while the apple pie is priced at $1.75. Customers can mix and match items to create their own meals."At Checkers & Rally's, we believe great value should never mean settling for less," Checkers & Rally's CEO Chris Tebben said in a statement. "We...
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