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Delta Air Lines Cheers Investors With Dividend Payout

Delta Air Lines Cheers Investors With Dividend Payout

In a shareholder-friendly move, Delta Air Lines (DAL – Free Report) announced a hike in its dividend payout. DAL’s board of directors approved a dividend hike of 50%, thereby raising its quarterly cash dividend to 15 cents from 10 cents per share. depositphotos The raised dividend will be paid out on Aug 20, 2024, to all its shareholders of record as of Jul […]
Economics In America: An Immigrant Economist Explores The Land Of Inequality 
                    
 
 
 
 
 

Economics In America: An Immigrant Economist Explores The Land Of Inequality          

Nobel-Prize-winning economist Sir Angus Deaton is deeply concerned about the darkening of American society and the increasing “deaths of despair,” factors that are driving populism and isolationism. depositphotos IntroductionPopulism, anti-elitism, isolationism, and anti-internationalism are some of the many sentiments driving the political discussions in the lead-up to this year’s US presidential elections. Many analysts and pundits are […]
Ranked: The Top 10 U.S. Pizza Chains By Market Share 
                    
 

Ranked: The Top 10 U.S. Pizza Chains By Market Share  

About 3 billion pizzas are sold annually in the United States. In 2022, pizza restaurant sales in the U.S. reached an all-time high of $46.9 billion, an increase of roughly $10 billion compared to just a decade prior.   This graphic lists the top 10 U.S. pizza chains based on 2022 sales figures. This data was accessed via Statista (published June 2023). Domino’s […]
Cheniere Keeps Returning Cash

Cheniere Keeps Returning Cash

Cheniere Energy Inc (CEI) has come a long way since its founding by Charif Souki in 1996. Three decades ago the US looked likely to be an importer of Liquefied Natural Gas (LNG) as demand outgrew dwindling domestic production. depositphotos CEI planned to meet the gap with LNG imports. By 2008 the company’s LNG import terminal was ready at […]
Ask A Stupid Question . . .

Ask A Stupid Question . . .

. . . get a stupid answer. depositphotos A recent article on inflation beautifully illustrates the truth of this old maxim. Before getting to the article, let’s review another maxim, this one not at all old: Never reason from a price change.Thus, for instance, it would make no sense to ask people about the “welfare costs of inflation”, […]
Some Recent Statistics On The Internationalization Of The Yuan

Some Recent Statistics On The Internationalization Of The Yuan

depositphotos COFER data through December 2023: Figure 1: Foreign exchange reserves in JPY as share of tota reserves (blue), AUD (light blue), CAD (green), CNY (red). Source: IMF COFER, access 6/18/2024, and author’s calculations. Peak CNY was 2022Q1 at 2.6%, while latest is at 2.1%.In terms of daily foreign exchange turnover, CNY (CYB) was rising through April of 2022. FIgure 2: Foreign […]
Weekly Visit With The Economy

Weekly Visit With The Economy

According to a poll conducted by CNBC, 56% of Americans said they believe the U.S. is in a recession. depositphotos GDP grew by 1.6% in the first quarter of 2024. That is a decelerated rate from the 3.3% growth of the fourth quarter of 2023.  While perception counts for a lot, according to the poll we like to […]
Weekly Commentary: Greatest Threat

Weekly Commentary: Greatest Threat

Let’s get started with domestic. Ten-year Treasury yields traded this week at the lowest level since March. Markets have taken this as confirmation of economic weakening. The market closed Friday pricing a 4.85% policy rate at the Fed’s December meeting, implying two rate cuts (48 bps). depositphotos Mohamed El-Erian is emboldened, penning his “The Fed Needs to […]
The Advanced Economies Are Headed For A Downfall 
                    
 
 
 
 

The Advanced Economies Are Headed For A Downfall        

It may be pleasant to think that the economies that are “on top” now will stay on top forever, but it is doubtful that this is the way the economy of the world works. depositphotos Figure 1 shows that, for the Advanced Economies viewed as a group (that is, members of the Organization for Economic Co-operation and […]
Canada Set To Follow US, EU Lead On Hiking Tariffs On Chinese-Made EVs

Canada Set To Follow US, EU Lead On Hiking Tariffs On Chinese-Made EVs

First it was the EU and the US, now it looks like Canada could be next to weigh tariffs on Chinese made electric vehicles.  depositphotos Justin Trudeau’s government is considering new tariffs on Chinese-made electric vehicles to align with US and EU actions, according to a new report this week by Bloomberg.An announcement about public consultations on these […]