News & Perspective
Keep current on recent E.J. McKay news & industry trends.
The Economics of Christmas – A Statistical Look at Holiday Spending
The economics of Christmas are a big deal for the global economy – and we’re not just talking about buying Christmas gifts for economists. Indeed, the Christmas shopping phenomenon carves out a very…
The Fed’s higher-for-longer strategy on interest rates is slowly crumbling
Investors are feeling bullish that the Federal Reserve will begin to cut interest rates in the first half of next year, despite Fed Chair Jerome Powell and other officials saying they’re not considering rate cuts…
Gold prices sprint to all-time peak on Fed rate-cut bets
Gold prices bolted to an all-time high above $2,100 per ounce on Monday as Federal Reserve Chair Jerome Powell’s remarks elevated traders’ confidence that the U.S. central bank could cut interest rates early next year.…
Black Friday Was a Hit Online, Reaching a Record $9.8 Billion in the U.S.
Early Black Friday sales data pointed to a healthy start to the holiday shopping season—at least online. A Record Despite industry expectations for slowing retail sales growth overall this year, Adobe said Black…
China’s ‘Double 11’ shopping spree sees ‘record figures’ as consumption recovers
After the annual “Double 11” shopping festival, said to be the world’s largest, wrapped up at mid-night Saturday, China’s State Post Bureau and some Chinese e-commerce giants reported “record numbers,” while others are…
WeWork Files for Bankruptcy Amid Glut of Empty Offices
WeWork, the real estate company that offered start-ups and individuals sleek quarters to pursue their entrepreneurial dreams, filed for bankruptcy protection in the United States on Monday after years of struggling to find…
