The Airline Fiasco in Argentina as Peso Collapses and New Plan Goes Awry

The curse of pushing volume by selling tickets below cost became an even bigger curse with the peso massacre. By MC01, a frequent commenter on WOLF STREET: On 27 December 2016, the Federal Government of Argentina, under new President Mauricio Macri, launched the “Revolución de los aviones,” the brainchild of the Minister of Transports, Guillermo Dietrich, … Read more

Amazon appears to be cutting prices at Whole Foods again

https://www.cnbc.com/2019/08/27/amazon-cutting-prices-at-whole-foods-in-last-6-months-morgan-stanley.html Whole Foods prices are down roughly 2.5% on average from last year, according to a note published by Morgan Stanley on Tuesday. The drop follows a broader price hike instituted earlier this year, and narrows the premium to other grocers like Kroger, the note said. Amazon’s revenue growth from its physical stores segment, mostly … Read more

“After 24 hours, China still unaware of calls mentioned by Trump” – doesn’t seem like the rest of the market cares tho

Terms of Trade is a daily newsletter that untangles a world embroiled in trade wars. Sign up here.  China declined to confirm phone calls with the U.S. that President Donald Trump claimed happened over the weekend, during which Trump said China indicated it wanted to work toward a trade deal. https://www.bloomberg.com/news/articles/2019-08-27/after-24-hours-china-still-unaware-of-calls-mentioned-by-trump