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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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June 10, 2021

Raxxmorz.com is the main hub for content. Please share the articles. Make sure to subscribe as well. It’s completely free. You can also follow me on: Twitter, Linkedin, and Tumblr. Feel free to leave any questions or comments. Also if you’re… Continue Reading…

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Business

“Chipotle raises menu prices as employee costs increase”

June 10, 2021

“Chipotle Mexican Grill Inc said on Tuesday it has increased prices for products across its menu by about 4% owing to rising labor costs.   Several companies in the retail space, including McDonald’s and Walmart, have increased hourly wages for employees in… Continue Reading…

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Stocks

“One record-breaking stock can rally another 140%, chart suggests”

June 10, 2021

“The S&P 500 came frustratingly close to a record high but failed to cross that hurdle. Still, several stocks have managed to make new highs this week, including ADP, Target, eBay, T-Mobile and Nvidia… “We’ve been in a massive uptrend since 2015. We don’t show resistance until about $,1650. Nvidia… 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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Personal Finance

“Almost half of Americans are willing to take on debt in a post-pandemic spending splurge, survey finds”

June 9, 2021

“Americans are ready to start spending money to treat themselves — and 44% are willing to go into debt to do it, a report from CreditCards.com finds. Millennials, ages 24-40, are most likely to take on more debt (59%) followed by Gen… Continue Reading…

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Business

“Kroger aims to hire 10,000 workers at first nationwide ‘hybrid’ hiring event”

June 8, 2021

“Kroger Co. KR, 0.98% has set a goal of 10,000 new hires when it hosts its first nationwide “hybrid” hiring event on Thursday. Taking place both in person and virtually, Kroger is searching for associates to work across e-commerce, pharmacy, operations, and other… Continue Reading…

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Economy, Stocks

“Oil Breaks Through $70 a Barrel. Here’s How It Could Keep Going.”

June 8, 2021

“Oil prices have rebounded even faster than most oil bulls had expected, and on Monday, oil futures briefly crossed a key threshold. West Texas Intermediate futures, the benchmark for U.S. oil, rose above $70 a barrel late on Sunday, the first… Continue Reading…

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Cryptocurrencies

“Bitcoin’s slump opens the door to a tax loophole every investor needs to know”

June 8, 2021

“…If you’re a crypto investor down in the dumps, there’s a strategy you can use that might take some of the sting out of your recent losses. It’s called a “wash sale… Let’s say your Bitcoin investment lost you $50,000… Continue Reading…

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Stocks

“These Are The Best Robinhood Stocks To Buy Or Watch Now”

June 7, 2021

“At the moment, Google parent Alphabet (GOOGL), casino stock MGM Resorts International (MGM) and General Motors (GM) are standout performers. Unlike GameStop (GME) and AMC Entertainment (AMC), which have been hitting the headlines of late, these stocks offer a mix of solid fundamental and technical performance…” https://www.investors.com/research/best-robinhood-stocks-to-buy-now/?src=A00220 I don’t know… Continue Reading…

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