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Energy

“U.S. crude oil falls nearly 3%, closes below $68 on report Saudi committed to production increase”

“…Prices are also under pressure on the expectation that oil production will rise in Libya. Factions in the North African country reached a deal Wednesday to appoint a new central bank governor. A political dispute over who should lead the… Continue Reading…

Economy

“August private payrolls rose by 99,000, smallest gain since 2021 and far below estimates, ADP says”

“Companies hired just 99,000 workers last month, less than the downwardly revised 111,000 in July and below the consensus forecast for 140,000, according to payrolls processing firm ADP. The report corroborates multiple data points recently that show hiring has slowed… Continue Reading…

Economy

“Inflation milestone: Consumer Price Index slows below 3% for first time since March 2021”

“Price hikes slowed more than expected in July, and, for the first time in more than three years, the Consumer Price Index has landed below 3%. That paves the way for the Federal Reserve to cut rates next month after… Continue Reading…

Cryptocurrencies

“Bitcoin briefly tumbles below $50,000 for the first time since February” [Aug 5 2024]

“Bitcoin dipped to $49,111.10 at one point — its lowest level and first time under $50,000 since February — after trading close to $70,000 a week ago. The moves follow a broader market sell-off that began last week, when a… Continue Reading…

Stocks

“Reddit shares plunge almost 25% in two days, finish the week below first day close”

“…Shares closed at $49.32, ending the week below their closing price on Reddit’s first day of trading on the New York Stock Exchange. They closed at $50.44 last Thursday. Stock markets are closed on Good Friday… Reddit shares started off the week… Continue Reading…

Cryptocurrencies

“Should You Buy Shiba Inu While It’s Still Below One Cent?”

“Even though the Shiba Inu (CRYPTO: SHIB) token is down roughly 88% from its all-time high, the cryptocurrency is still up massively. The popular meme coin gained 18,600,000% from its low shortly after its launch in 2020. With Shiba Inu currently trading at roughly $0.00001… Continue Reading…

Cryptocurrencies

“Should You Buy Shiba Inu While It’s Still Below One Cent?”

“Even though the Shiba Inu (CRYPTO: SHIB) token is down roughly 88% from its all-time high, the cryptocurrency is still up massively. The popular meme coin gained 18,600,000% from its low shortly after its launch in 2020. With Shiba Inu currently trading at roughly $0.00001… Continue Reading…

Economy

“Private payrolls increased by 103,000 in November, below expectations, ADP says”

“…Companies added just 103,000 workers for the month, slightly below the downwardly revised 106,000 in October and missing the 128,000 Dow Jones estimate. Along with the modest job growth came a 5.6% increase in annual pay, which ADP said was… Continue Reading…

Real Estate

“Mortgage rates have dropped below 7%”

“Mortgage rates continued to drop last week after hitting a 23-year high in October.  Between Dec. 1 and 7, rates for 30-year fixed-rate mortgages fell from an average of 7.05% to 6.95%, according to mortgage finance agency Freddie Mac. This marks the seventh straight… Continue Reading…

Economy

“U.S. job growth slowed sharply to 177,000 in August, below expectations, ADP says”

“…The firm reported Wednesday that private employers added 177,000 jobs in August, well below the revised total of 371,000 added in July. Economists surveyed by Dow Jones were expecting 200,000 jobs added in August. ADP also reported that pay growth… Continue Reading…