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Economy

“Weekly jobless claims total hits new pandemic-era low of 364,000”

July 1, 2021

“Initial filings for unemployment insurance fell sharply last week, indicating continued improvement in the U.S. jobs market, the Labor Department reported Thursday. First-time jobless claims totaled 364,000 for the week ended June 26, compared with the 390,000 Dow Jones estimate.… Continue Reading…

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Economy

“3 “Strong Buy” Stocks Under $10 That Can Rip Higher”

June 28, 2021

“Enthusiast Gaming Holdings (EGLX)… Buck’s bullish stance on EGLX is hardly an outlier; in fact, Wall Street’s consensus is slightly more bullish. There are 3 recent Buy reviews on file, making the Strong Buy consensus rating unanimous. The shares are trading… Continue Reading…

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Economy

“World’s coal producers now planning more than 400 new mines – research”

June 24, 2021

“The world’s coal producers are currently planning as many as 432 new mine projects with 2.28 billion tonnes of annual output capacity, research published on Thursday showed, putting targets for slowing global climate change at risk. China, Australia, India and… Continue Reading…

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Economy

“House prices climb to record levels in US and Europe”

June 23, 2021

“House prices have set records in the US and parts of Europe as vast fiscal and monetary stimulus help residential property markets to continue shrugging off the impact of the coronavirus pandemic. The median price for US existing houses rose… Continue Reading…

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Economy, Precious Metals

“Gold Drops Exceedingly; Fed Ducks Reality”

June 21, 2021

“Having settled the week exceedingly down 6.2% at 1764, Gold is now priced by the market at but 46% of its currency debasement value (as measured by the StateSide “M2” money supply) of 3870, even as adjusted for the increase in the… Continue Reading…

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Economy

“Oil could spike above $100 next year, Bank of America says”

June 21, 2021

“Oil could hit $100 per barrel next year as demand outstrips supply, according to Bank of America. The firm identified three factors on both the demand and supply side that should support prices into 2022. Analysts led by Francisco Blanch… Continue Reading…

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Banking, Economy

“Major Bank Warns of Economic Turmoil for America”

June 16, 2021

“EDITOR NOTE: A dire economic warning for America has been issued by Deutsche Bank, one of the few major financial institutions that have stood apart from mainstream opinion concerning inflation. With current inflationary levels already a burden to most Americans,… Continue Reading…

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Economy

“Raised Menu Prices: Food Is Getting More Expensive”

June 16, 2021

“EDITOR NOTE: Here’s what to look forward to this summer: higher grocery bills, raised menu prices in restaurants, and reduced food package sizes for the same prices. Just about every company in the food services industry is experiencing an uptick… Continue Reading…

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Banking, Economy

“Bank of America CEO Brian Moynihan says consumer spending is 20% higher this year than 2019”

June 14, 2021

“Transaction volumes on customers’ credit and debit cards and over the Zelle payment network has grown by 20% so far this year compared to this point in 2019, Moynihan told CNBC’s Becky Quick Monday on CNBC’s “Squawk Box.” The comparison… Continue Reading…

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Economy

“U.S. job openings, quits hit record highs in April”

June 9, 2021

“Job openings, a measure of labor demand, increased by 998,000 to 9.3 million on the last day of April, the highest level since the series began in December 2000. Vacancies rose in all four regions and were spread across nearly… Continue Reading…

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