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Stocks

“Penny Stocks to Buy Using Technical Analysis for April 2021”

“PaySign, Inc. (PAYS) I’m liking the double bottom chart pattern that, as of the time I was writing this column, hadn’t yet come to fruition (i.e., turned into an uptrend) for PaySign, Inc. (PAYS). But this, combined with some positive newsflow regarding… Continue Reading…

Economy, Real Estate

“Mortgage delinquencies surge by 1.6M in April, the biggest monthly jump ever”

“Delinquencies among borrowers for past-due mortgages are soaring, a sign that Americans are struggling to pay their bills amid a wave of layoffs and lost income from the coronavirus pandemic. Mortgage delinquencies surged by 1.6 million in April, the largest… Continue Reading…

Economy

“American spending collapsed by a record 13.6% in April”

“American consumer spending ground to a halt during the coronavirus lockdown, and that is a massive problem for the spending-addicted US economy. April’s personal consumption data showed a 13.6% drop in consumer spending, according to a Bureau of Economic Analysis… Continue Reading…

Economy

“Retail sales plunge a record 16.4% in April, far worse than predicted”

“Consumer spending tumbled a record 16.4% in April as the backbone of the U.S. economy retrenched amid the coronavirus pandemic, according to a government report Friday. Economists surveyed by Dow Jones expected the advanced retail sales number to fall 12.3%… Continue Reading…

Banking, Economy

“Spending and Deficit Set All-Time Records: Feds Spent $3.3 Trillion Through April While Running $1.48 Trillion Deficit”

“The federal government has spent more money and run a larger deficit in the first seven months of fiscal 2020 (October through April) than in any previous year, according to the data published today in the Monthly Treasury Statement. In fact,… Continue Reading…

Economy

“US private payrolls drop by 20.2 million in April, the worst job loss in the history of ADP report”

“Private payrolls hemorrhaged more than 20 million jobs in April as companies sliced workers amid a coronavirus-induced shutdown that took most of the U.S. economy offline, according to a report Wednesday from ADP. In all, the decline totaled 20,236,000 — easily… Continue Reading…

Economy

“New Vehicle Sales Continue Downward Slide in April, Edmunds Forecasts”

“The car shopping experts at Edmunds say that April will be a record down month for the auto industry due to the coronavirus (COVID-19) pandemic, forecasting that 633,260 new cars and trucks will be sold in the U.S. for an estimated seasonally… Continue Reading…

Stocks

“Dow drops 100 points to end April after more dismal economic data”

“…The Dow Jones Industrial Average traded 134 points, or 0.5%. The S&P 500 slid 0.4%. The Nasdaq Composite rose marginally. Earlier in the session, the Dow dropped more than 300 points. A 3.8% jump in Boeing shares helped the Dow claw back some of its earlier… Continue Reading…

Economy

“Second-quarter U.S. GDP left at 2%…”

“The U.S. economy grew more slowly in the second quarter, updated figures confirm, and is slow growth is expected to persist through the end of the year largely because of the festering trade fight with China. Gross domestic product, the… Continue Reading…

Economy

“Federal Spending Sets Record Through April”

“The federal government spent $2,573,708,000,000 in the first seven months of fiscal 2019 (October through April), setting an all-time record for real federal spending in the first seven months of a fiscal year, according to data published in the Monthly Treasury… Continue Reading…