January 23, 2021
car

Fast take: U.S. consumer inflation muted, just don’t buy a used car

(Reuters) – U.S. consumers on balance paid only a little bit more for goods and services last month as supply chain disruptions that contributed to a bump up in inflation over the summer began to ease, a welcome respite for the millions who remain unemployed.

FILE PHOTO: A shopper is seen wearing a mask while shopping at a Walmart store, in North Brunswick, New Jersey, U.S. July 20, 2020. REUTERS/Eduardo Munoz/File Photo

While that easing pressure on pinched consumers might offer a benefit to Republican President Donald Trump’s reelection prospects against Democratic challenger Joe Biden, it does come with a big “on the other hand” caveat: It is the latest sign of fading momentum in the rebound from this spring’s record-setting economic slump.

A bit of inflation typically is an indication of strengthening demand, an encouraging signal that consumers have reliable sources of income allowing them to contribute to growing

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car

U.S. consumer inflation muted, just don’t buy a used car

By Dan Burns



a person standing in front of a store: FILE PHOTO: A shopper is seen wearing a mask while shopping at a Walmart store, in North Brunswick, New Jersey


© Reuters/EDUARDO MUNOZ
FILE PHOTO: A shopper is seen wearing a mask while shopping at a Walmart store, in North Brunswick, New Jersey

(Reuters) – U.S. consumers on balance paid only a little bit more for goods and services last month as supply chain disruptions that contributed to a bump up in inflation over the summer began to ease, a welcome respite for the millions who remain unemployed.

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While that easing pressure on pinched consumers might offer a benefit to Republican President Donald Trump’s reelection prospects against Democratic challenger Joe Biden, it does come with a big “on the other hand” caveat: It is the latest sign of fading momentum in the rebound from this spring’s record-setting economic slump.

A bit of inflation typically is an indication of strengthening demand, an encouraging signal that consumers have reliable sources of income allowing them to contribute to

Read More
car

COVID-19 has ‘everyone you talk to looking to buy a car’

Had it not been for the COVID-19 pandemic, Heather Green and her husband wouldn’t have taken the plunge to buy a 2016 Mini Cooper in the spring.



a person holding a glass of beer on a table: Patrick Olshin with CarMax in King of Prussia.


© STEVEN M. FALK/The Philadelphia Inquirer/TNS
Patrick Olshin with CarMax in King of Prussia.

A car just hadn’t been that important to them, and, in fact, when the pair relocated to Philadelphia from Texas years ago, getting rid of their car was a top priority. Walking, SEPTA, and the occasional rideshare got them around just fine.

“Never thought that we would be in a situation where we would need or want another car,” said Green, 46, who lives in Center City.

But a situation did arise in March, of course, and has stretched onward. Rideshares became difficult to hail, Green said, and sitting next to a stranger in a car or on SEPTA just didn’t feel comfortable amid a virus primarily spread

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LMP Automotive Holdings To Buy 70% Stake In Atlantic Automotive Group, Atlantic Central Storage

(RTTNews) – LMP Automotive Holdings, Inc. (LMPX), an online automobiles platform, Friday said agreed to buy 70% stake in New York’s Atlantic Automotive Group, and New York logistics and vehicle storage company, Atlantic Central Storage, in a deal valued at $608 million.

LMP Automotive Holdings, Inc. (LMPX), an online automobiles platform, Friday said agreed to buy 70% stake in New York’s Atlantic Automotive Group, and New York logistics and vehicle storage company, Atlantic Central Storage, in a deal valued at $608 million.

CFO Evan Bernstein said, “This acquisition is expected to add an estimated $1.6 billion in revenue, $38 million in net income, or $3.18 per share, on an annualized basis in 2021, combined with our currently contracted acquisitions which we expect to close beginning the end of next month and the following months.|

The company expects revenues post-closing to exceed $2.2 billion, generating about $55 million in net income

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4 Transportation Stocks to Buy Ahead of Q3 Earnings Season

It is a well-documented fact that the transportation sector is one of the worst-affected corners of the investment world that bore a massive brunt of the coronavirus pandemic. The space, which includes airlines, railroads, truckers, shippers and package delivery companies to name a few, is dealt a body blow by factors like declining air-travel demand and low shipment volumes.

Despite the above-mentioned negatives, there are a few favorable factors prevalent in this sector.

Delving Deeper

The uptick in demand for e-commerce — the method of buying and selling goods and services via a software platform — in the current scenario is a huge positive, particularly for the package delivery companies in the sector like FedEx Corporation FDX and United Parcel Service UPS. With the pandemic largely restricting people to their homes, consumers are placing orders more online. Naturally, the need for door-to-door delivery of essentials is rising in the current

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car

Would You Buy a Used Car From This Oil Trader?

There are two obvious reasons for doing this, and one that’s a bit more subtle.

First, Vitol has long been looking to shift into areas other than its core business of trading petroleum and its products. Even in the days before industry executives were warning about peak crude demand, diversifying into a wider array of goods has simply seemed prudent management in a business as low-margin as commodity trading.

Vitol set up a grains desk seven years ago and trades metals, power, emissions and coal. It has a fund investing in renewable power that will soon have about a gigawatt of generating plants, roughly the same as a decent-sized power station. It’s even producing biogas from cow manure in Idaho.

A second reason is that used cars are a commodity much like any other — and in Turkey, at least, the market is looking hot. Import tariffs are some of

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Should Value Investors Buy Penske Automotive (PAG) Stock?

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Of these, value investing is easily one of the most popular ways to find great stocks in any market environment. Value investors use tried-and-true metrics and fundamental analysis to find companies that they believe are undervalued at their current share price levels.

In addition to the Zacks Rank, investors looking for stocks with specific traits can utilize our Style Scores system. Of course, value investors will be most interested in the system’s “Value” category. Stocks with “A” grades for Value and high Zacks Ranks are among the best value stocks available at any given moment.

Penske Automotive (PAG) is a stock many investors are watching right now. PAG is

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Knight-Swift Transportation Sees Hammer Chart Pattern: Time to Buy?

Knight-Swift Transportation Holdings Inc. KNX has been struggling lately, but the selling pressure may be coming to an end soon. That is because KNX recently saw a Hammer Chart Pattern which can signal that the stock is nearing a bottom.

What is a Hammer Chart Pattern?

A hammer chart pattern is a popular technical indicator that is used in candlestick charting. The hammer appears when a stock tumbles during the day, but then finds strength at some point in the session to close near or above its opening price. This forms a candlestick that resembles a hammer, and it can suggest that the market has found a low point in the stock, and that better days are ahead.

Other Factors

Plus, earnings estimates have been rising for this company, even despite the sluggish trading lately. In just the past 60 days alone 2 estimates have gone higher, compared to none

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QC LGU to give free bicycle helmets to those who can’t afford to buy



a bicycle with a basket on a wooden pole: bicycle transportation green alternative environment thumbnail generic 103582472


bicycle transportation green alternative environment thumbnail generic 103582472

The Quezon City local government unit on Saturday announced it will give away bicycle helmets to financially vulnerable riders, after a city ordinance was passed mandating helmet use.

“The city government will help those who are too financially vulnerable to comply with the recently passed Ordinance,” Quezon City Mayor Joy Belmonte said.

“Gagawin natin ito upang matulungan ang mga nagbibisikleta na hindi kayang bumili ng helmet upang hindi masakripisyo ang kanilang kaligtasan,” she said.

A recent city ordinance required bicycle riders to wear helmets when traversing through the city’s roads.

Based on the ordinance, those who will be caught riding a bicycle without a helmet will fined 1,000 for the first offense; P3,000 for the second offense; and P5,000 for the third offense.

However, the city council agreed to cut down the fines after advocacy groups made an appeal.

Belmonte said the

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car

Looking to buy a new car? Auto industry is rebounding from pandemic shortage, but you still may need to wait till 2021 for next year’s model.

The hardest part about buying a new car during the pandemic may be finding a new car.



a person standing in front of a car: Mechanic Mark Petrauskas performs a repair on a customer's vehicle in the service department at the Packey Webb Ford dealership in Downers Grove on Oct. 1, 2020.


© Antonio Perez / Chicago Tribune/Chicago Tribune/TNS
Mechanic Mark Petrauskas performs a repair on a customer’s vehicle in the service department at the Packey Webb Ford dealership in Downers Grove on Oct. 1, 2020.

While the automotive industry is showing signs of recovery, months of production stoppage, supply chain interruption and stay-at-home disruption has left many Chicago-area dealers with few new cars and lots of empty spaces.

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Adding to the inventory shortage, the new model year — an automotive rite of fall — has yet to hit showrooms in any significant numbers. Many 2021 models may not actually arrive until 2021.

“It’s kind of hard to sell from an empty cupboard when you don’t have any new vehicles,” said John Webb, a principal with family-owned Packey Webb Ford, a 58-year-old Downers

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