Texas Firms Expect to Raise Wages This Year at 2x the Fed’s Inflation Forecast | by Honest Austin | May, 2021

Businesses revise their expectations for wage and price growth in 2021.

Honest Austin

Texas business executives expect to hike wages this year at an annual rate of 4.7%, outpacing official forecasts for inflation this year and pointing to price pressures ahead.

Compared to just a few months ago, inflation and wage expectations have risen among surveyed business executives. The Texas Business Outlook Survey in December showed an average forecast of 4.3% for wage growth, before jumping to 4.7% in April.

Texas executives expect input prices to rise even faster this year, by a rate of 5.5%. In the same survey in December, they forecast an increase of only 3.7%.

Thats according to 376 executives surveyed by the Federal Reserve Bank of Dallas.

Growth expectations for selling prices, a closer proxy for consumer prices, rose to 4.3% in April, compared to a forecast of 3.4% four months earlier.

“Amid surging optimism

Read More

Peloton unveils treadmill safety fixes as recall hits sales forecast

A Peloton logo is seen on an exercise bike after the ringing of the opening bell for the company’s IPO at the Nasdaq Market site in New York City, New York, U.S., September 26, 2019. REUTERS/Shannon Stapleton/File Photo

Peloton Interactive Inc (PTON.O) on Thursday estimated an about $165 million hit to current-quarter revenue from a recall of its treadmills as the company laid out steps to improve the safety of the equipment.

Shares of the interactive fitness equipment maker reversed course to be up 5.9% at $88.73 in extended trading. They tumbled about 15% on Wednesday after the company announced the recall following reports of multiple injuries and the death of a child in an accident. read more

On a post-earnings call after the company beat estimates on demand for its flagship exercise bikes from stuck-at-home fitness enthusiasts, Chief Executive Officer John Foley said Peloton would postpone the U.S. launch

Read More

$3+ Billion Agriculture Technology-as-a-Service Markets – Global Analysis and Forecast, 2020-2025 – ResearchAndMarkets.com

DUBLIN–()–The “Agriculture Technology-as-a-Service Market – A Global and Regional Analysis: Focus on Service Type, Technology, Application (Yield Mapping, Soil Management, Pricing Models, Break-Even Analysis – Analysis and Forecast, 2020-2025” report has been added to ResearchAndMarkets.com’s offering.

The global agriculture technology-as-a-service market is projected to grow from $1,101.6 million in 2020 to $3,089.8 million by 2025, at a CAGR of 22.91% from 2020 to 2025.

High growth in the market is expected to be driven by the growing need to adopt agriculture technologies across the industry, conversion of capital expenditure into operational expenditure for customers, and greater customer retention for service providers. The added benefits of lower costs, scalability, integration, and accessibility associated with ATaaS are also expected to be responsible for the reported growth of the business model.

Agriculture is the source of livelihood and sustenance of the economy in several regions of the world. Hence, the

Read More

European Plant Protein Business and Investment Opportunities to 2027: Market Size and Forecast Across 50+ Segments

TipRanks

These 3 Cathie Wood Stocks Are Set to Rip Higher By 40% (Or More)

The markets lately are a mix of gains and volatility, and it’s tough, sometimes, for investors to make sense of it. In times like these, it makes sense to turn to the experts. Cathie Wood is one such expert, an investor whose stock choices have consistently outperformed the overall markets. A protégé of famed economist Arthur Laffer, market guru Wood has built her reputation on her clear view of the markets. Her firm is Ark Invest, whose Innovation ETF has over $52 billion in assets under management, making it one of the largest institutional investors on the scene. And better yet, Wood’s stock choices paid back during the ‘corona year;’ the ETF’s overall return in 2020 was an astounding 170%. With returns like that, it’s clear Cathie Wood knows what she’s talking about when she

Read More