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Economy

“Jobless rate for Black Americans declines to 5.2% to end 2023 on a positive note”

January 11, 2024

“The unemployment rate for Black Americans fell significantly in December, closing out 2023 on a positive note, according to data released Friday by the Department of Labor. Black Americans, the group with the highest jobless percentage in the country, saw their unemployment… Continue Reading…

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Stocks

“Why Carnival Stock Jumped 23% in December”

January 10, 2024

“Shares of Carnival (NYSE: CCL) were moving higher last month as the world’s largest cruise line benefited from expectations that the Federal Reserve would lower interest rates in 2024. The company posted strong results in its fourth-quarter earnings report toward the end of… Continue Reading…

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Economy

“Layoffs soared 98% in 2023 with employers in cost-cutting mode”

January 10, 2024

“…In 2023, companies planned 721,677 job cuts, a 98% jump from 2022, according to a new report from professional outplacement firm Challenger, Gray, and Christmas. The number marks the highest annual total since 2020. The year included several high-profile tech layoffs from… Continue Reading…

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Economy

“Online holiday spending jumps nearly 5% to record, Adobe Analytics says”

January 5, 2024

“Online spending rose 4.9% year over year, setting a record for e-commerce during the holiday season, as shoppers pounced on discounts and leaned on buy now, pay later to cover more of their purchases, according to Adobe Analytics. Sales totaled $222.1… Continue Reading…

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Cryptocurrencies

“These are the boldest bitcoin predictions for 2024 — one calls for a 1,000% rally to $500,000”

January 3, 2024

“Bitcoin had a huge rally in 2023, with the digital currency up some 152% for the year… With fervor returning to the crypto markets, industry executives are calling the start of a new bull run, mainly predicated on two things — the… Continue Reading…

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Business, Stocks

“Abercrombie’s 285% Surge in 2023 Beats Even Sizzling Nvidia”

January 3, 2024

“Abercrombie & Fitch Co. has gained 285% this year, its best annual performance since going public in 1996. The rally has made the company the best performer in the S&P 1500 Index, even managing to beat out artificial intelligence darling… Continue Reading…

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Business

“MicroStrategy’s bitcoin bet produces over 300% gain for investors in 2023”

January 2, 2024

“…in 2023, the stock has soared 337%, making it one of the biggest gainers in the U.S. among companies valued at $5 billion or more, topping Nvidia’s 234% rally and Meta’s 194% surge. Unlike its tech peers, which rely on revenue growth and market… Continue Reading…

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Business

“Karuna Therapeutics surges 47% after Bristol Myers Squibb announces $14 billion deal”

January 1, 2024

“Bristol Myers Squibb on Friday announced it agreed to buy biopharmaceutical company Karuna Therapeutics for $14 billion in cash, or $330 per share. Karuna’s stock closed up more than 47% on the news Friday, hitting $317.85 a share. Bristol Myers Squibb shares closed up 2%…”… Continue Reading…

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Stocks

“Amazon Stock Soared 75% in 2023. Should Investors Avoid It in 2024?”

December 27, 2023

https://finance.yahoo.com/news/amazon-stock-soared-75-2023-120000523.html For anyone that thinks the stock market will crash this stock must be avoided. The top 7 stock or so drive most of the dow jones. If they make most of the gains its safe to assume they will… Continue Reading…

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Stocks

“Up 177% in 2023, Is Palantir Stock a Buy for 2024?”

December 27, 2023

https://finance.yahoo.com/news/177-2023-palantir-stock-buy-200358386.html There’s not much to this article so I just want to say this. Most of the time, when you see companies have incredible spikes in their stock prices, the rally is over once it’s in the news. The vast… Continue Reading…

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