Bill Ackman says fast-food chains are an inflationary shield. Here’s two he likes, and one he just sold.

Bill Ackman says fast-food chains are an inflationary shield.  Here’s two he likes, and one he just sold.

A cautious session is ahead for Tuesday, following the worst smackdown since June for major indexes. That’s as an increasing number of investors see the Fed pivoting from rate hikes to be a tall order in the face of stubbornly high inflation and a global growth mess. We’ll find out Friday when Fed Chairman Jerome … Read more

The Canadian real estate that smart money is still desperate to buy: industrial warehouses

The Canadian real estate that smart money is still desperate to buy: industrial warehouses

Employees work at the Amazon fulfillment center in Brampton, Ont. in 2018.Chris Young/The Canadian Press Unrelenting demand for Canada’s storage and distribution warehouses is vaulting that segment of the real estate market into a new echelon, with industrial properties in and around cities such as Toronto and Montreal commanding some of the fastest-rising prices in … Read more

US consumer price inflation surprises to downside in July

US consumer price inflation surprises to downside in July

The numbers: The US consumer price index was unchanged in July, the Labor Department said Wednesday, compared with the 1.3% gain in the prior month. Economists polled by The Wall Street Journal had estimated a 0.2% advance in July. The rate of inflation in the 12 months ended in July retired to 8.5% from a … Read more

Transport stocks keep falling as analyst says a freight recession is ‘likely inevitable’

Transport stocks keep falling as analyst says a freight recession is ‘likely inevitable’

Wall Street’s recent disdain for the transportation sector continued on Friday, as analysts expressed concerns over “rapidly” deteriorating market conditions and a growing risk of a freight recession. BofA Securities analyst Ken Hoexter downgraded nine transport stocks on Friday, including two double downgrades. JP Morgan’s Brian Ossenbeck actually upgraded one stock, but slashed his stock … Read more