inflation

Energy

Sweating It Out: Data Centers Plus Summer Heat Raises Power Bills, Blackout Risk

Photo illustration by Connor Lin / The Daily Upside, Photo by Alptraum via iStock

The US electrical grid isn’t ready for the double whammy of peak air conditioner usage and peak data center power needs. What happens now?

4 min read

Photo via Annabelle Gordon/CNP / Polaris/Newscom

Banking

Were the Cockroaches Alone? Dimon IDs Malodorous Mammal at Economy’s Gates

Ongoing armed conflict in Ukraine and Iran, Dimon wrote, have him concerned about an economic “skunk at the party.”

2 min read
Photo via Richard B. Levine/Newscom

Consumer

Lower Prices Scramble Outlook for Egg Giant Cal-Maine

During its third-quarter earnings call tomorrow, executives will continue to pitch shareholders on the company’s egg-breaking transformation.

2 min read
Photo via Tim Brakemeier / Deutsch Presse Agentur/Newscom

Energy

Iranian Strikes on LNG Plant Heighten Risk of “Doomsday Scenario” for Natural Gas

Iranian strikes on Qatar’s Ras Laffan plant eliminated three to five years of LNG exports worth some $20 billion in yearly revenue.

2 min read

Inflation & Prices

Shock After Shock: Fed Fears Iran War May Fuel Higher Inflation

Photo via Samuel Corum/Sipa USA/Newscom

The Bureau of Labor Statistics said Wednesday that the producer price index rose 0.7% month-over-month in February, higher than expected.

2 min read

Consumer

Starbucks Posts First US Sales Growth in Two Years as CEO Serves up Grande Vision

Photo by TR via Unsplash

The world’s largest coffee chain has finally reported the first major breakthrough of CEO Brian Niccol’s tenure.

2 min read

Banking

Bank Earnings Deluge Offers a Consumer Stress Test

Photo via Jimin Kim/ZUMAPRESS/Newscom

Loan loss provisions — the allowance banks set aside to cover bad debt — is a key data point to watch regarding consumer health.

2 min read

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