Burger Bloodbath Intensifies As Yet Another Major Franchisee Goes Bust

Watch Live: Warsh Blasts Fed's 'Fatal Policy Error' On Inflation, Pledges Strict Independence As Tillis Confirms Hold On Fed Chair Nomination Latest:  Warsh labeled the Fed’s 2021-2022 response a “fatal policy error” on inflation. He demands a new policy framework, tools, and major communications reform. Warsh rejects forward guidance and refuses to preview future rate moves. Price stability exists when no one talks about inflation, Warsh testified. Warsh disputes that tariffs caused the recent inflation overshoot. Inflation data used by the Fed is “quite imperfect,” per Warsh. He focuses most on the underlying inflation rate. Trump never asked...

The Scapegoat: How One Man's Career Was Ended By MeToo Authored by Nancy Rommelmann via RealClearInvestigations, Life on Jan. 9, 2020, was interesting for Joshua Helmer. At 31, he was midway through his second year as CEO of the Erie Art Museum in Pennsylvania. He had recently secured the loan of a Chuck Close painting from the Philadelphia Museum of Art, and an upcoming sale, including a painting by another famous artist, David Hockney, would help Erie generate funds to buy new works. And then it was Jan. 10. "I knew I'd never work...

US Core Durable Goods Orders Surge For 11th Straight Month After recent string 'soft' survey data, this morning we get some 'hard' data and it's mixed...ish... Preliminary headline durable goods orders for February fell 1.4% MoM (worse than the -1.2% MoM exp). That is the third monthly decline in a row (the first 3-month decline since Nov 2019) Source: Bloomberg The monthly decline of the headline print largely reflected a decline in orders for aircraft. Boeing said it received fewer orders for its planes in February than a month earlier. On the other hand, core durable...