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959 days ago

US restaurant sales have returned to their pre-pandemic growth path

Food services and drinking places, (restaurants, bars, cafeterias), continued their recovery in July, with sales climbing to an all-time high of $72.2 billion on a seasonally adjusted basis, up from a pandemic low of $29.9 billion in April 2020 and from $52.2 billion in July 2020. Sales have grown the slowest in the past month, most likely due to a surge of Covid cases, and we should be awaiting a setback for August as well. Source: US Census Bureau, Statista

#Commodities #Macro #Technology
US restaurant sales have returned to their pre-pandemic growth path

959 days ago

Xpeng is quadrupling capacity, hoping to blow up sales

The Chinese auto maker XPeng plans to produce 200,000 units annually, up from 100,000. When all new capacity is in place, annual production could hit 400,000. Source: Barron's

#Stocks #Technology
Xpeng is quadrupling capacity, hoping to blow up sales

959 days ago

Palantir Technologies is piling up on gold bars

The software company, co-founded by the technology billionaire Peter Thiel wrote in a filing last week that it stockpiled $50.7 million in gold bars earlier this month. The filing also said it acquired technology startups, blank-check companies, and even cryptocurrencies. It seems that a loss of faith in the Fed as well as a fear of new black swan events happening is backing up this gold standard like move. Stay hedged, stay safe! Source: Oilprice.com, Yahoo Finance

#Commodities #Technology
Palantir Technologies is piling up on gold bars

959 days ago

China dip buyers are finally reaching a breaking point

After an a 56% loss, the The $4.9 billion KraneShares CSI China Internet Fund (ticker KWEB) has posted two straight days of outflows. Many people bought the dip (5 consecutive weeks of inflows) but it seems that uncertainty over Beijing’s next move continuing to bruise the nation’s equities, it appears that dip buyers are starting to lose their mettle. Source: Bloomberg

#Technology
China dip buyers are finally reaching a breaking point

959 days ago

Alibaba shares sink 4.3% to a record low on Thursday

Shares of Jack Ma's e-commerce and e-everything company slipped as much as 4.3% in Thursday's trading, a record low following the extended selloff in Chinese technology due to Beijing being hit by a new round of regulations. This recent crackdown has so far wiped out about $1 trillion in market value from Chinese shares listed globally last month. Source: Bloomberg

#Stocks #Technology
Alibaba shares sink 4.3% to a record low on Thursday
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