A week has already passed since the OPEC technical committee recommended that the cartel and Russia deepen the production cuts to balance out the demand reduction that will come from the coronavirus. And yet, Russia has yet to make a decision, stalling for time to see if the news flow […]
U.S. consumer spending slowing; industrial production weak
(C) Reuters. FILE PHOTO: A customer counts her money at the register of a Toys R Us store on the Thanksgiving Day holiday in Manchester By Lucia Mutikani WASHINGTON (Reuters) – U.S. consumer spending slowed further in January, with sales at clothing stores declining by the most since 2009, a […]
The Corn And Ethanol Report: February 14, 2020
Happy Valentine’s Day! Good Morning! We kickoff the day with Business Inventories and Retail sales at 7:30 A.M., Capacity Utilization and Industrial Production at 8:15 A.M., Michigan 5-Year Inflation Expectations Prel (Feb), Michigan Inflation Index Prel (Feb), Michigan Consumer Expectations and Current Conditions Prel (Feb) at 9:00 A.M., Fed Mester […]
U.S. January industrial output falls on weather, Boeing drop
Economic Indicators11 hours ago (Feb 14, 2020 09:46AM ET) WASHINGTON (Reuters) – U.S. industrial production fell 0.3% in January as unseasonably warm weather held down the output of utilities and Boeing Co (N:BA) slowed production of civilian aircraft, the Federal Reserve said on Friday. The Fed said manufacturing production fell […]
The Social Network Becomes a Social Science Subject
Hi everyone, and welcome to the third edition of Plaintext. I hope that this newsletter has become one more good reason to look forward to Friday. (I now look forward to Friday because it means the newsletter is done and I don’t have to worry about the next one until […]
U.S. core retail sales unchanged in January
EconomyFeb 14, 2020 08:56AM ET WASHINGTON, (Reuters) – U.S. consumer spending appears to have slowed further in January, with sales at clothing stores declining by the most since 2009, which could raise concerns about the economy’s ability to continue expanding at a moderate pace. The Commerce Department said on Friday […]
U.S. import prices unchanged in January
EconomyFeb 14, 2020 08:51AM ET WASHINGTON, (Reuters) – U.S. import prices were unchanged in January as the cost of petroleum products fell, offsetting gains in the prices of motor vehicles and capital goods. The Labor Department said on Friday last month’s unchanged reading in import prices followed a downwardly revised […]
This Social Network Wants to Pay You (in Crypto) to Do Good
Last June, at a swanky, strobe-lit event in Washington, DC, Brendan Blumer, the 33-year-old CEO of a blockchain company called Block.one, unveiled a new product with Steve Jobs-like theatrics: a social network called Voice. A year earlier, Blumer’s company had raised $4 billion selling a crypto token called EOS. It […]
Darpa Cranks Up Antibody Research to Stall Coronavirus
Sometime in the next day or two, a medical courier will deliver a styrofoam cooler to the offices of AbCellera, a biotech firm headquartered in downtown Vancouver, British Columbia. Inside the box, packed in dry ice, will be a vial of blood prepared by researchers at the US National Institutes […]
Euro zone GDP slows as expected in fourth-quarter, but employment beats consensus
Economic Indicators4 hours ago (Feb 14, 2020 05:11AM ET) BRUSSELS (Reuters) – Euro zone economic growth slowed as expected in the last three months of 2019 as gross domestic product shrank in France and Italy against the previous quarter, but employment growth picked up more than expected, official estimates showed […]