May 20, 2024
“…Renaissance Technologies owned 1 million shares of the video-game retailer at the end of March, a position worth $13 million at the time, its first-quarter portfolio update shows. GameStop stock was up more than 400% at its Tuesday high, briefly valuing RenTech’s… Continue Reading…
May 20, 2024
“…Beijing offloaded a total of $53.3 billion of Treasuries and agency bonds combined in the first quarter, according to calculations based on the latest data from the US Department of the Treasury. Belgium, often seen as a custodian of China’s… Continue Reading…
May 20, 2024
“The US Bureau of Labor Statistics inadvertently published Consumer Price Index data 30 minutes early on Wednesday, raising fresh questions about how the agency releases some of the world’s most sensitive economic information…” https://finance.yahoo.com/news/us-inflation-data-accidentally-released-034145035.html Was it an accident or was… Continue Reading…
May 20, 2024
“…Sales rose 3.8% at US Walmart stores open at least a year for the quarter ended April 26, higher than what Wall Street was anticipating… …“We are seeing customers trade into Walmart,” Chief Financial Officer John David Rainey said in… Continue Reading…
May 20, 2024
“…The Dow Jones Industrial Average, S&P 500 and Nasdaq composite all rallied Wednesday after the Labor Department reported inflation falling to a 3.4 percent annual rate in April after a 0.3 percent monthly increase in prices, according to the consumer… Continue Reading…
May 17, 2024
“Grocery prices fell on the whole in April for the first time in 12 months, according to data released Wednesday by the Labor Department. Prices for food at home fell 0.2 percent in April, according to the Labor Department’s consumer… Continue Reading…
May 17, 2024
“SoFi TechnologiesSOFI2.32% shares have about 70% upside, according to Mizuho Securities analysts, who renewed their bullish outlook after meeting a top executive at the fintech…” https://www.barrons.com/articles/sofi-stock-upside-wall-street-61e40de7?siteid=yhoof2 I have to say I disagree. 70% increase? What’s his reasoning? The long term trend… Continue Reading…
May 17, 2024
“Shares of Virgin Galactic (NYSE: SPCE) stock soared 13.5% through 11:45 a.m. ET Monday, and for a most surprising reason: Investment bank TD Cowen lowered its price target on the space stock to $2 per share this morning. Now why would investors look at this… Continue Reading…
May 17, 2024
“The White House formally unveiled a sweeping array of new tariffs on Chinese goods Tuesday that will raise duties on $18 billion in Chinese imports. The long-awaited announcement will touch an array of sectors, with steel to semiconductors to medical… Continue Reading…
May 17, 2024
“And in 2024, it appears that meme stocks are rallying again. On Monday, GameStop’s share price soared by around 70% throughout the day and trading was paused multiple times due to volatility. On top of that, short sellers lost $1 billion due… Continue Reading…
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