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Economy

“Another 2.2 million stimulus checks have gone out. Here’s who received the payments”

July 22, 2021

“…That legislation authorized payments of up to $1,400 per person, plus $1,400 per eligible dependent, for individuals and families who fall under certain income thresholds and also meet other requirements. For the latest tranche, about 1.3 million of the payments… Continue Reading…

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Business, Economy, Stocks

“Domino’s earnings beat as pizza demand remains strong in the U.S.”

July 22, 2021

“Here’s what the company reported compared with what Wall Street was expecting, based on a survey of analysts by Refinitiv: Earnings per share: $3.12 adjusted vs. $2.87 expected Revenue: $1.03 billion vs. $972.3 million expected The pizza chain reported fiscal second-quarter net income… Continue Reading…

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Business, Economy

“The garbage industry has outperformed the market since 2015. Here’s why”

July 22, 2021

“America has long remained one of the most wasteful countries in the world, generating 239 million metric tons of garbage every year, about 1,600 to 1,700 pounds per person. While some view it as a threat to our environment and society, the… Continue Reading…

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Economy

“Oil Could Hit $80 by Year End, JPMorgan Says. Here’s Why.”

July 21, 2021

“Oil is likely to jump to $80 a barrel by year end amid expanding demand and a lack of supply, according to JP Morgan analysts led by Joyce Chang. The upcycle in energy prices is supported by a surge in demand as the world… Continue Reading…

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Economy

“Oil prices tumble under $70 a barrel after OPEC+ reaches production deal”

July 19, 2021

“Crude prices tumbled to start the week, after Organization of the Petroleum Exporting Countries and its allies, including Russia, reached a deal to boost oil production amid climbing demand. West Texas Intermediate crude for August delivery  CL00, -3.73% CLQ21, -3.70% dropped nearly 3.7% to $69.16… Continue Reading…

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Economy

“Iceland’s four-day work week trial was a triumph for all”

July 7, 2021

“The trial, which started in 2015 and involved more than 2,500 workers, showed that reducing work hours was overwhelmingly positive for people in a range of workplaces, while productivity remained about the same or improved in some cases. Parents said… Continue Reading…

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Economy

“There are plenty of jobs, but not enough people to fill them. What’s going on?”

July 5, 2021

“The U.S. created 850,000 new jobs in June. Great. Yet 9 million people who likely would be working right now had there been no pandemic are still sitting at home. The economy would recover a lot faster if they were… Continue Reading…

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Economy, Stocks

“S&P 500 hits another record high after better-than-expected June jobs report”

July 2, 2021

“Futures contracts tied to the major U.S. stock indexes rose slightly on Friday as the June jobs report beat expectations, putting Wall Street on track to post a solid week of gains across the board. Contracts tied to the Dow… Continue Reading…

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Economy

“10-20% Market Correction: It Could Take A Year To Break Even”

July 2, 2021

“It’s one thing to deal with a market crash or market correction of 10% to 20%. It’s another thing to deal with an inflationary environment that leaves you with less value after that drop. This is precisely what Moody’s Analytics’… Continue Reading…

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Economy

“Lumber prices dive more than 40% in June, biggest monthly drop on record”

July 1, 2021

“After a jaw-dropping rally this spring, lumber prices have come back down to earth as supply increased, speculative trading action cooled and homebuilding demand eased. Lumber futures tanked more than 40% in June alone, suffering their worst month on record dating back… Continue Reading…

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