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Business, Stocks

“Shopify stock falls nearly 7% as forecast disappoints amid escalating Amazon rivalry, price increases”

February 16, 2023

“…In their forecast, Shopify executives guided for revenue to grow “in the high-teen percentages” in the fiscal first quarter, while not providing a forecast for any profit metric nor for the full year. Analysts on average were projecting first-quarter revenue… Continue Reading…

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Economy

“Annuity [Insurance] sales hit record last year, eclipsing sales during 2008 financial crisis amid fear, higher rates”

February 3, 2023

“Amid stock market gyrations, recession fears and loftier payouts, consumers last year pumped a record sum of money into annuities, a type of insurance that offers a guaranteed income stream. Buyers funneled $310.6 billion into annuities in 2022, according to estimates published… Continue Reading…

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Stocks

“Stocks close lower, Dow drops nearly 500 points as supply chain concerns mount amid protests in China”

November 29, 2022

“Stocks closed lower Monday as social unrest from China’s prolonged Covid restrictions weighed on markets. The Dow Jones Industrial Average lost 497.57 points, or 1.45%, to end at 33,849.46. The S&P 500 dropped 1.54% to end at 3,963.94. The Nasdaq… Continue Reading…

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Precious Metals

“Palladium Shoots To An All-Time High Amid Fears Of Scarcity”

March 10, 2022

“EDITOR’S NOTE: Palladium prices just hit an all-time record of $3,440.76 an ounce before pulling back to levels that are still historically elevated. This palladium high shouldn’t be much of a surprise considering that Russia is the world’s largest palladium… Continue Reading…

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Economy

“Retail sales surge 3.8% in January, much more than expected amid inflation rise”

February 16, 2022

“…Retail sales for the month rose 3.8%, much better than the 2.1% Dow Jones estimate. The numbers are not adjusted for inflation; the 0.6% rise in the consumer price index for the month helped push a reversal from the 2.5% sales… Continue Reading…

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Economy

“US food banks struggle to feed hungry amid surging prices”

November 10, 2021

“U.S. food banks already dealing with increased demand from families sidelined by the pandemic now face a new challenge — surging food prices and supply chain issues walloping the nation. The higher costs and limited availability mean some families may… Continue Reading…

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Stocks

“Dow sheds 500 points amid growing risks, on pace for its worst sell-off since July”

September 20, 2021

“U.S. stocks began the week deeply in the red as investors continued to move to the sidelines in September amid several emerging risks for the market. The Dow Jones Industrial average lost 500 points, or 1.4%, set for its biggest… Continue Reading…

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Stocks

“Generac Earnings Jump 71% Amid Strong Demand For Backup Power”

July 28, 2021

“…Generac Earnings Estimates: FactSet consensus was for Generac earnings per share of $2.31, 65% above the year-ago quarter, with sales up 59% to $867 million. Results: Generac earnings per share leapt 71% to $2.39 a share. Revenue climbed 68% to… Continue Reading…

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Business, Stocks

“Crocs reports record revenue, raises full-year guidance amid strong demand”

July 22, 2021

“Here’s how the company did for its quarter ended June 30 compared with what analysts surveyed by Refinitiv were anticipating: Earnings per share: $2.23 adjusted vs. $1.60 expected Revenue: $640.8 million vs. $565.2 million expected During the second quarter, Croc’s… Continue Reading…

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Cryptocurrencies

“Bitcoin plunges 30% to $30,000 at one point amid broad cryptocurrency sell-off”

May 19, 2021

“Bitcoin plunged to near $30,000 at one point on Wednesday morning, continuing a major sell-off in the cryptocurrency markets that began a week ago. The digital currency was down about 13% for the day shortly before noon ET at $37,490, according… Continue Reading…

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