August 22, 2023

Markets Now

Will Chinese deflation help cure the West's inflation problem?

The Chinese economy has hit a rough patch. That might be the catalyst needed to finally cure the West of its inflationary woes.  
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Dick's Sporting Goods blames 'increasingly serious' theft problem for profit plunge

Dick’s Sporting Goods warned Tuesday that retail theft is damaging its business and would lead to lower annual profits.  
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Vegan Sam Bankman-Fried is subsisting only on bread and water in jail, his attorneys say

Sam Bankman-Fried pleaded not guilty Tuesday to an amended indictment alleging fraud and money laundering conspiracy charges, appearing in court for the first time since his bail was revoked and he was sent to a Brooklyn jail to await trial.  
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New York Red Bull tickets usually cost $46. Here's what they cost now that Messi is playing

Seeing superstar soccer player Leo Messi’s debut in the New York area could cost you as much as a steak dinner at Peter Luger.  
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More bad news for Bud Light as Modelo soars in sales

Modelo Especial is now officially America’s best-selling beer, dethroning Bud Light, whose popularity faded following the Dylan Mulvaney controversy.  
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Teamster members ratify deal at UPS, putting strike threat to rest

Rank-and-file members of the Teamsters union have overwhelmingly ratified a five-year deal with UPS, putting an end to the threat of a crippling strike.  
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Source: CNN Business

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