LBJ and the Power Elite

Wayfair CFO's Muted Home-Goods Demand Outlook Offers More Bad News For Realtors Wayfair CFO Kate Gulliver appeared at JPMorgan's conference Monday morning in a discussion with the bank's retail analyst, Christopher Horvers. What caught our attention in the 35-minute conversation, which ranged from the online home-goods retailer's financial position to broader consumer trends, was Gulliver's outlook on home goods and housing markets. A more active housing market typically drives demand for big-ticket home purchases such as sofas, tables, and other furnishings sold on Wayfair's online platform. However, her forecast for the remainder...

Toxic Wildfire Smoke Begins To Disrupt Local Economic Activity As GOP Senator Readies Canada Sanctions Bill Summary: Questions Swirl Whether Ecoterrorism May Have Accelerated Wildfires  Economic Activity Impacted in Some States  WaPo Warns Smoke Plume To Worsen  GOP Members Blast Canada Over Toxic Smoke; Sanction Bill Against Canada Set To Be Introduced   Toxic Smoke Plume Over Great Lakes, Ohio Valley, Mid-Atlantic, Northeast  Canada's Wildfire Management Failures Choke Millions Of Americans With Toxic Smoke The Washington Post's Capital Weather Gang reports that deteriorating air quality across the Great Lakes, Ohio Valley, Mid-Atlantic, and Northeast could be "as bad...

Jet Fuel Prices Soar As War In Iran Ripples Through Global Aviation Authored by Felicity Bradstock via OilPrice.com, Airlines, including Qantas, SAS, and Air New Zealand, have already announced airfare increases. Surging jet fuel prices and disruptions in the Strait of Hormuz are squeezing airline operations. Prolonged conflict could weaken travel demand and deepen pressure on global airline stocks. As the war in Iran spills over into other parts of the Middle East, energy experts expect the price of several oil and gas products to soar over the coming months, driven by shortages. This...