What Walmart sales and Rolex prices reveal

James G. Cole

This story was originally published on Tker.com. You might expect high-income households to fare relatively well during challenging economic periods. But they too are changing the way they spend as inflation eats away at purchasing power. Consider this anecdote about Walmart evolving customer mix (via CNBC): More high-income consumers, penny-pinching […]

What to know this week

James G. Cole

The latest monthly jobs report is this week’s main attraction as investors barrel into September. August employment data from the Labor Department is set for release at 8:30 a.m. ET Friday morning, and is expected to show another strong month for the U.S. labor market. Economists expect nonfarm payrolls rose […]