November 2, 2023
“Starbucks on Thursday reported quarterly earnings and revenue that topped analysts’ expectations, fueled by strong U.S. demand for pricier drinks. Shares of the company rose 10% in morning trading. Here’s what Starbucks reported for its fiscal fourth quarter compared with what Wall Street… Continue Reading…
October 26, 2023
“…Gross domestic product, a measure of all goods and services produced in the U.S., rose at a 4.9% annualized pace in the July-through-September period, up from an unrevised 2.1% pace in the second quarter, the Commerce Department reported Thursday.. Economists surveyed by… Continue Reading…
October 25, 2023
“Largely due to high inflation and rising interest rates, 81% of adults said they did not contribute to their emergency savings this year, and 60% also said they feel behind when it comes to building a cash cushion, according to a new Bankrate report…”… Continue Reading…
October 23, 2023
“…Now the popular 30-year fixed mortgage rate is at 8%, the highest in decades, making things even tougher. Mortgage demand is at its lowest point in nearly 30 years… Would-be sellers, meanwhile, are trapped. They have little desire to trade the 3% rate… Continue Reading…
October 17, 2023
“…Excluding autos, sales were up 0.6%, also well ahead of the forecast for just 0.2%. The so-called control group, which strips out items such as auto dealers, gas stations, office supply stores, mobile homes and tobacco stores and is used… Continue Reading…
October 17, 2023
“… Why it matters: An upward shift in long-term interest rates is putting the government on track to spend much more on interest payments in the coming years than was anticipated just a few months ago. …” https://www.axios.com/2023/10/16/interest-rates-federal-debt Long story short… Continue Reading…
October 6, 2023
“U.S. Treasury yields rose Friday, with the 10-year nearing a 16-year high after the latest jobs data came in stronger than economists anticipated. The yield on the 10-year Treasury was up by nearly 13 basis points at 4.839%. It had hit a fresh… Continue Reading…
September 27, 2023
“…Guyana, a country in South America with a population of about 800,000 people, is projected to grow 38% by the end of the year — an “extremely fast” pace, according to recent GDP forecasts by the International Monetary Fund… BMI, a… Continue Reading…
September 27, 2023
“The U.S. Latino economy continues to grow, reaching $3.2 trillion in 2021, up from $2.8 trillion the year prior, according to a new report by the Latino Donor Collaborative in partnership with Wells Fargo… While growth for the Latino community remains widespread… Continue Reading…
September 18, 2023
“…Executives from Wells Fargo (WFC), Fifth Third Bancorp (FITB) and Capital One (COF) all said this past week that they are noticing a divergence between the two ends of their customer base, with lower income consumers feeling more pain on… Continue Reading…
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