Business Maverick: U.S. retail sales surprise to upside in strong boost to economy

despite the headwinds reflected the continued strength of the American consumer and the resilience of the nation’s“We maintain our confidence in the historic strength of consumers and fully expect a record year forAmericans are sitting on at least $2.5 trillion in excess savings accumulated during the pandemic. Wages are rising as companies scramble to fill a record 10.9 million job openings.

Claims were likely boosted by Hurricane Ida, which devastated U.S. offshore energy production and knocked out power in Louisiana. Ida also drenched Mississippi and caused historic flooding in New York and New Jersey. “There is no evidence here that the surge in COVID cases related to the Delta variant is forcing a retrenchment in the economy,” said Conrad DeQuadros, senior economic advisor at Brean Capital in New York.

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منبع: News24 - 🏆 4. / 80 ادامه مطلب »

Business Maverick: Rich Nations Head to South Africa Seeking Coal Exit DealFour of the world’s richest nations will send a delegation to South Africa as soon as next week to seek a deal to begin closing the country’s coal-fired plants, according to people familiar with the matter. They better come with deep pockets cause SA only have ears for expensive cars and houses in Dubai Good luck. Hope they understand the nature of the hyena they are trying to hold rational discussions with. Corruption tenders loading... But after 14 years they're still not even really open yet🤦‍♂️ eskom is a travesty
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