Price Trends - Wine dealers anticipate a 15% to 30% price increase for Americans next year [1] Market Factors - Tariffs and a stronger euro are contributing to the expected price rise [1]

Lululemon, famous for its luxury athletic wear, is struggling to emerge from a rough patch with consumers, who have switched gears in recent months. As many consumers face financial strain amid inflation and higher costs of living, Lululemon, which sells apparel at prices exceeding $100, has been struggling to boost its sales. During the third quarter of this year, foot traffic in Lululemon stores increased by 4.2% year over year, according to recent data from Placer.ai. However, Lululemon revealed in i ...

Core Viewpoint - MillerKnoll is cautiously navigating the impact of U.S. trade policies while providing guidance for fiscal year 2026, reflecting a conservative approach in its financial outlook [1]. Financial Performance - In the fiscal second quarter ending November 29, MillerKnoll reported a revenue decline of 1.6% to $955.2 million [2]. - Earnings per share decreased by 28.6% to 35 cents, with North American contract sales down 3.1% and international contract sales down 6.3% year-on-year, despite a 4.8% increase in North American orders [3]. Market Dynamics - The company noted that momentum is building in both North America and internationally as organizations focus on employee collaboration and workspace refreshment, with international orders particularly strong from Europe, the U.K., China, and India [3]. Operational Costs and Expansion - MillerKnoll faced challenges from costs associated with new store openings, net tariff expenses, and foreign currency fluctuations. The company expanded its retail presence with new stores in Salt Lake City and three locations in California [4]. Future Guidance - For the third quarter of 2026, MillerKnoll anticipates sales to range between $923 million and $963 million, indicating a potential improvement from the second quarter's $955.2 million. Adjusted EPS is projected to fluctuate between 42 cents and 48 cents, while gross margin is expected to decrease to between 37.9% and 38.9% [5]. - The company's outlook for the third quarter incorporates considerations of tariffs, new store investments, and seasonal softness in contract businesses due to year-end and the timing of the Chinese New Year [6].

Economic Outlook - Deflation is impacting the US economy as anticipated [1] - Recent economic narratives may be inaccurate [1] - GDP is projected to increase, leading to higher asset prices [1] Deflationary Factors - Tariffs contribute to deflation [1] - Artificial Intelligence (AI) is a deflationary force [1] - Deportations exert deflationary pressure [1]

I published my analysis back in February explaining why tariffs were deflationary.People mocked and ridiculed me for it. They thought it was some political bias or I had gone crazy.Now the economic data confirms the analysis.Original piece:https://t.co/hlUrRcHv4H ...

and is now threatening to penalize EU tech companies in return. Ambassador Greer uh joins us this morning. Good morning to you, sir.Um where does this stand and and just so we understand the the various chess pieces here. Uh what kind of leverage do you think you have to actually affectuate this in the EU. >> Uh well, good morning.Good to be with you. There are a couple of things. You know, first of all, the EU itself knows that uh it lags on innovation.You know, we had the EU put out the Mario Draghy repor ...

Let's bring in our panel. Joining us now, Brookings Institution Economic Studies senior fellow Wendy Edelberg and American Institute for Economic Research Monetary Economics Managing Director Lydia Mashburn Newman. Welcome to you both.Uh Wendy, I mean, I know you haven't kind of been able to dig into the guts of this report, but it seems like a pretty benign reading. Uh how do you feel about it. Yeah, it's frustrating because they haven't even posted the information that I would need to to really um parse a ...

Inflation Trends and Tariff Effects - The year-over-year change in the prices of core goods is reported at 1.4%, indicating a modest inflationary effect, particularly influenced by tariffs [3] - The headline Consumer Price Index (CPI) is at 2.7% year-over-year, which is seen as a positive sign, although it is compared to higher inflation numbers from the previous year [4] - Tariffs are expected to continue impacting inflation through 2026 and possibly into 2027, as firms are still working through inventory hoarded before the tariffs were implemented [7] Labor Market and Economic Outlook - The labor market appears slightly soft, with monthly payroll employment gains around 20,000, which is below the estimated break-even point influenced by immigration [8] - There are expectations of lower interest rates alongside higher inflation, which may not align with market predictions regarding the Federal Reserve's future actions [9]

Inflation came in ice cold compared to expectations.All the economists were wrong about tariffs. ...

Inflation eased its grip on the American consumer in November, with prices rising 2.7% from a year earlier, the Labor Department said in a Dec. 18 report. The annual inflation rate had crept as high as 3% in September. The slightly lower rate for November reflected smaller price increases for gasoline and new vehicles, among other items. Core inflation, which excludes volatile food and energy items and is watched closely by the Federal Reserve, came in at 2.6% in November – the lowest rate since 2021. ...