February 8, 2022
“…The annual shortfall in goods and services increased for a second straight year, widening 26.9% to $859.1 billion, Commerce Department data showed Tuesday. The December gap grew to $80.7 billion from the prior month. That compares with the median estimate… Continue Reading…
February 8, 2022
“A record 31.5 million Americans plan to bet on this year’s Super Bowl, according to estimates released Tuesday by the gambling industry’s national trade group. The American Gaming Association forecasts that over $7.6 billion will be wagered on pro football’s… Continue Reading…
February 7, 2022
“…A monthly survey from Fannie Mae showed home purchase sentiment in January fell to its lowest level since May 2020, at the start of the pandemic. Weaker affordability is clearly the problem. Just one quarter of respondents said now… Continue Reading…
February 7, 2022
“Frontier Airlines and Spirit Airlines, the two largest discount carriers in the U.S., have agreed to merge in a deal valued at $6.6 billion, creating what would become the fifth-largest airline in the country. The merger gives Denver-based Frontier Airlines a 51.5%… Continue Reading…
February 7, 2022
“…In these tough financial times, a new study finds it’s getting harder and harder for people to save any of their money. In fact, seven in 10 Americans say they’re living paycheck to paycheck. A recent survey of 2,007 adults… Continue Reading…
February 4, 2022
“The market’s structure is trading at its strongest level in years, indicating scarce supply. Diesel — the fuel that helps power the global economy — is also surging as a cold snap hits the U.S and demand soars. Inventories at… Continue Reading…
February 4, 2022
“Shares of Snap are up more than 53% Friday after the company reported its first-ever quarterly net profit and showed it’s seeing quicker-than-expected progress on its transition with advertisers around Apple’s privacy changes on iOS. It’s a big recovery from Thursday trading, when shares closed down… Continue Reading…
February 4, 2022
“…Nonfarm payrolls surged by 467,000 for the month, while the unemployment rate edged higher to 4%, according to the Bureau of Labor Statistics. The Dow Jones estimate was for payroll growth of 150,000 and a 3.9% unemployment rate… Along with the… Continue Reading…
February 3, 2022
“Shares of Facebook parent Meta were down more than 25% Thursday after the company forecasted weaker-than-expected revenue growth in the next quarter. It also said it’s taking a big hit from Apple’s privacy changes, and showed the first quarterly decline in daily active users… Continue Reading…
February 3, 2022
“Billionaires are cashing out of stocks at a record pace right now. The disturbing reason behind this move could soon accelerate the market’s downturn. Tech stocks are already off to their worst start since 2008… The wealthiest Americans have recently sold… Continue Reading…
Recent Comments