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Economy

“Record Wave of Americans Fled Big Cities for Small Ones in 2023”

May 10, 2024

“…The remote work boom that prompted Americans to flee urban areas for mountain hamlets and seaside towns during the pandemic continued at least through last year, according to University of Virginia demographer Hamilton Lombard. An estimated 291,400 people last year migrated… Continue Reading…

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Stocks

“GE Aerospace Cruises At A 15-Year High — Is GE Stock A Buy?”

May 10, 2024

“…The “new GE,” GE Aerospace, is far extended from a 132.50 buy point off a three-weeks-tight pattern. That means shares are not within buy range. The stock is up 80% from a November 2023 breakout past a flat-base entry, according to MarketSurge pattern recognition.… Continue Reading…

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Economy, Stocks

“‘Millions Of Households Will Have Their Retirement & Savings Destroyed’ — Grant Cardone Foresees Devastating Stock Market Plunge Of 50%”

May 9, 2024

“Real estate investor, Grant Cardone, issued a warning on May 5th regarding the stock market, posting on X: “WARNING: Stock Market is due for 50% correction taking S&P below 2674. Tens of millions of households will have their retirement & savings… Continue Reading…

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Business

“Tesla’s China-made EV sales fall 18% in April; shares slip”

May 9, 2024

“U.S. automaker Tesla sold 62,167 China-made electric vehicles in April, down 18% from a year earlier, lagging the broader market’s surge, China Passenger Car Association (CPCA) data showed on Tuesday. Tesla shares fell 3.8% on Tuesday, amid concerns about softening… Continue Reading…

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Economy

“Gen Z Sinks Deeper Into Debt”

May 9, 2024

“…The rising debt load largely reflects a surge in prices for food and shelter at the start of their careers, coupled with a larger percentage of Gen Z who graduated with student loans. The average credit-card balance for 22- to… Continue Reading…

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Stocks

“Lockheed Decision Sends This Satellite Stock Tumbling 20%”

May 9, 2024

“Lockheed Martin said it won’t buy a satellite start-up, sending shares of the latter sharply lower. The defense company said in a regulatory filing on Thursday that it withdrew its $1 per share bid for the stock in satellite solutions… Continue Reading…

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Economy

“U.S. job growth totaled 175,000 in April, much less than expected, while unemployment rose to 3.9%”

May 9, 2024

“… …” https://www.cnbc.com/2024/05/03/jobs-report-april-2024-us-job-growth-totaled-175000-in-april.html

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Stocks

“Apple stock has best day since 2022 after earnings beat, $110 billion stock buyback”

May 9, 2024

“Apple shares popped 6% Friday after the company reported better-than-expected second-quarter earnings and the largest-ever stock buyback program. It was the best day for the stock since Nov. 30, 2022. The iPhone maker announced Thursday it would repurchase $110 billion of its shares,… Continue Reading…

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Stocks

“Carvana Father-Son Duo Make $11 Billion in 3,000% Stock Rebound”

May 9, 2024

“Ernie Garcia II and Ernie Garcia III have added more than $11 billion in combined net worth since December 2022, when Carvana stock fell below $4 a share as rising interest rates sapped sales and the company was forced to… Continue Reading…

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Stocks

“Carvana shares spike 30% as used car retailer posts record first quarter”

May 9, 2024

“…Here is how the company performed in the first quarter, compared with average estimates compiled by LSEG: Carvana reported record first-quarter net income of $49 million, compared to a $286 million loss during the prior-year period. It also posted an… Continue Reading…

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