Monthly Archives: October 2022

China says its J-20 stealth jet is operating with all of its military’s theater commands — and it’s ‘flying farther and farther’

China’s J-20 at an air show in China’s Guangdong Province in November 2016. REUTERS/Stringer China’s J-20 jets are now operating in all five of the Chinese military’s theater commands. Beijing is using the domestically produced J-20 to flex its muscles over contested territory. Official praises performance of warplanes, as China continues to expand air force…

Chipotle is raising the prices of its loyalty rewards — and it shows how important digital members are to its bottom line

Hollis Johnson Chipotle just raised the price of a free entree in its app to 1,625 points. The increase was due to rising costs of ingredients, Chipotle told Insider. Acquiring new rewards members is a key strategy for fast food chains, an analyst said. Chipotle customers need more points than ever to get a free…

OPEC’s power is at an all-time high and ‘the old oil order is back,’ says Goldman Sachs commodities chief

Saudi Energy Minister Prince Abdulaziz bin Salman bin Abdulaziz Al Saud. Getty Images “The old oil order is back,” Goldman Sachs commodities chief Jeff Currie told CNBC on Monday. OPEC is the only oil producer in the world with the ability to pump more crude, he noted.  That probably makes the oil group more powerful…

Wall Street still hates cash more than stocks even as the ‘TINA’ trade collapses and bond yields soar, Bank of America says

A trader works on the floor of the New York Stock Exchange (NYSE) in New York, U.S., March 9, 2020. Bryan R Smith Wall Street has yet to reach “full capitulation” as cash remains more hated than stocks, according to Bank of America.It’s an odd dilemma given the sharp decline in stocks this year and…

Advanced economies need to change course on monetary policy as excessive central bank tightening risks sparking a global recession, UN trade group says

United Nations Bebeto Matthews/AP Photo Advanced economies need to change course on monetary policy, as central bank tightening could be sparking a global recession. The idea that central banks can lower inflation with more rate hikes and avoid a recession is “an imprudent gamble,” a UN trade group said. The group trimmed its growth estimates…