EUR Drops As ECB Hikes Rates (As Expected); Raises Inflation Outlook, Sees Downside Growth Risks

UK's Ofcom To Investigate Complaints Of Climate-Change Denial Authored by Paul Homewood via notalotofpeopleknowthat blog, This is frightening. Indeed it is truly Orwellian... From the Guardian: A U-turn by the UK’s broadcasting regulator Ofcom means it will investigate complaints of climate change denial on television and radio for the first time since 2017. The move marks a victory for campaigners who have accused the regulator of allowing some broadcasters “to spout dangerous climate lies” and “flout” rules on accuracy and impartiality. Complaints about programmes on TalkTV and TalkRadio were assessed by Ofcom, which then decided not...

Lululemon Crashes After Another Brutal Guidance Cut; Jefferies Flags "Triple Whammy" Quarter Lululemon Athletica shares crashed in premarket trading in New York after the athletic-apparel retailer slashed its full-year outlook again, suggesting that demand in the Americas is deteriorating as Alo and other rivals gain market share. The move also puts mounting pressure on its incoming chief executive to revive the struggling brand. Lululemon expects full-year revenue of between $10.35 billion and $10.50 billion, down sharply from its previous forecast of $11 billion to $11.15 billion and well below the Bloomberg...

Originally published at Judgenap.com and reprinted with permission Members of the North Atlantic Alliance have refused any role in closing the Strait of Hormuz. President Donald Trump announced a complete blockade of the crucial waterway, and that other countries would be assisting the American Navy. After the US and Israel attacked Iran on February 28, Tehran placed […]