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Economy, Investing

“Risky oil companies snap up $20bn in junk bond record”

“Lowly rated US energy companies that struggled for survival last year are finding renewed optimism among investors after a surge in oil prices, helping them raise a record amount of debt to fend off bankruptcy. Energy and power companies tracked… Continue Reading…

Stocks

“RBC Sees 40%-Plus Upside in These 3 Stocks”

“Splunk, Inc. (SPLK)… The majority of the Street concurs, as among the 17 analysts to have published a call on SPLK over the last 3 months, 10 say Buy and 7 suggest Hold. SPLK’s Moderate Buy consensus rating is accompanied… Continue Reading…

Business, Economy

“Lamborghini reports record profits in 2020, CEO teases electric future”

“Lamborghini reported record profits in 2020 as its wealthy customers — especially in China — rode the global bull market in style. Despite a mandatory factory shutdown of over two months during the Covid-19 pandemic, the “raging bull” of the… Continue Reading…

Business, Economy

“Boat sales took off… now dealers can’t keep up with demand”

“Boat sales skyrocketed last year… as more Americans turned to the lifestyle amid more flexible work environments that allowed people to spend extra time enjoying the outdoors. Sales of boats, marine products and services across the country leaped to a… Continue Reading…

Economy, Precious Metals

“Three Commodities Set To Boom As The Global Economy Recovers”

“#1. Oil After a historic slump, oil has also been on a tear, up 110% in a year. In a sharp turnaround from last year, the energy sector has emerged as one of the best-performing. Brent crude has been flirting… Continue Reading…

Economy

“Washington state projected to get $3.2 billion more in taxes as economy brightens amid COVID-19 recovery”

“Washington’s state tax collections are roaring back, with an estimated additional $3.2 billion projected through 2023 as parts of the economy brighten and people get vaccinated amid the COVID-19 pandemic. Wednesday’s projections by the state Economic and Revenue Forecast Council… Continue Reading…

Economy, Real Estate

“Higher mortgage rates still aren’t cooling the hot housing market”

“Mortgage rates have been steadily rising this year, but that doesn’t seem to be slowing demand for housing — yet.According to Freddie Mac, the average rate on a 30-year mortgage is now 3.05%, up from the all-time low of 2.67% at the end of… Continue Reading…

Economy

“Opinion: The post-pandemic economy will boom — but not for all”

“As the post-pandemic economy begins to surge forward, the Biden administration has an awkward economic problem. The rewards of renewed prosperity are likely to be distributed very unequally, with rich people and companies getting richer — adding to the United… Continue Reading…

Economy

“The U.S. Economy Is Now A Giant Bubble. A ‘Pop’ Could Be a Disaster.”

“It has long been said that when America, still the world’s largest economy, catches a cold, the rest of the world economy catches pneumonia. With America now engaged in a budget and monetary policy stimulus experiment of epic proportions, the rest of the… Continue Reading…

Economy

“US Economy Creates 379,000 Jobs in February”

“The US economy created 379,000 jobs in February. Some 355,000 of these jobs were within the leisure and hospitality sector…” https://finance.yahoo.com/news/us-economy-creates-379-000-110000672.html America’s service economy is huge and much of it was shut down artificially. Everyone can expect some “good” job… Continue Reading…