April 15, 2025
“…Citi’s markets revenue rose 12% to $6 billion in the quarter, surpassing its earlier expectations for a mid-single-digit percentage gain. Equity revenue surged 23%, buoyed by more client activity. Fixed income revenue, a major driver of Citi’s markets business, jumped… Continue Reading…
April 7, 2025
“…The investment bank’s economists, led by Jan Hatzius, now see a 45% chance of a US recession in the next twelve months, up from 35% last week. Prior to that call, Goldman had been at a 20% recession probability risk…”… Continue Reading…
April 3, 2025
“The Trump administration has expanded its tariffs on aluminum to include canned beer imports and empty aluminum cans. President Donald Trump is expected to announce sweeping new levies on imported goods at a Rose Garden event Wednesday. Industry analysts expect… Continue Reading…
April 2, 2025
“…The Rapid Update, averaging forecasts from 14 economists for GDP and inflation, sees first quarter growth registering an anemic 0.3% compared with the 2.3% reported in the fourth quarter of 2024. It would be the weakest growth since 2022 as… Continue Reading…
March 27, 2025
“…The meme stock jumped 11.7% Wednesday following the news. The announcement confirmed CNBC’s reporting in February of GameStop’s intention to add bitcoin and other cryptocurrencies to its balance sheet… https://www.cnbc.com/2025/03/25/gamestop-says-it-will-add-bitcoin-as-a-treasury-reserve-asset.html “GameStop shares drop 12%, reversing Wednesday’s rally, on planned debt issue to buy bitcoin The… Continue Reading…
March 17, 2025
“Retail sales increased 0.2% on the month, better than the downwardly revised decline of 1.2% the prior month but below the Dow Jones estimate for a 0.6% rise. The so-called control group, which strips out noncore sectors and feeds directly… Continue Reading…
March 13, 2025
“…European Union: The EU has responded to those metals duties with counter-tariffs on $28 billion in US goods from April, bringing Trump’s trade war across the Atlantic. Trump has threatened targeted tariffs on the bloc of European countries, and he vowed to respond… Continue Reading…
March 13, 2025
“Intel shares popped more than 13% after announcing Lip-Bu Tan as its new CEO. Wall Street cheered the chipmaker’s attempt to revitalize its business, calling the move a positive for the company. The news brings an end to a tumultuous… Continue Reading…
March 12, 2025
“…Tesla shares are down 40% year to date and are the worst-performing component of the “Magnificent Seven” stocks — which also include Apple (AAPL), Amazon (AMZN), Nvidia (NVDA), Google (GOOG), Microsoft (MSFT), and Meta (META)…” https://finance.yahoo.com/news/apples-ai-strategy-is-showing-troubling-cracks-150559429.html Buy the dip. (with… Continue Reading…
March 12, 2025
“Egg prices soar 59% year over year while other breakfast foods also outpace inflation According to key data from the Bureau of Labor Statistics, the cost of eggs rose 58.8% year over year in February. Prices are up 12.5% month over… Continue Reading…
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