Stagflation is Here: A Quick Review of What the Latest Economic Data Means

By Ed Sullivan The latest economic data, on its surface, presents a stronger-than-expected economic picture. Headline GDP growth of 3% exceeded most expectations even in the context of slower consumer spending. Headline consumer confidence edged up, although the present situation index eased a bit. Inflation measured by the personal consumer expenditures came in at 2.8% year-over-year (Y-O-Y), a bit stronger…

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Martin Marietta Divests Midlothian Cement Plant

Martin Marietta Materials Inc. has entered into a definitive agreement with Quikrete Holdings Inc. for the exchange of certain assets. Under the terms of the agreement, Martin Marietta will receive aggregates operations producing approximately 20 million tons annually in Virginia, Missouri, Kansas, and Vancouver, British Columbia, Canada, as well as $450 million of cash. 

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