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Banking, Real Estate

“US bank profits jump but watchdog warns of stress”

“The U.S. banking industry recorded higher profits in the second quarter of 2024, but the Federal Deposit Insurance Corporation on Thursday identified several lingering areas of concern including commercial real estate and credit cards. …However, it also noted that signs… Continue Reading…

Stocks

“Cava earnings beat estimates as restaurant traffic climbs nearly 10%”

“…Shares of the company rose 9% in extended trading. The stock has more than doubled its value this year, bringing Cava’s market cap up to about $11.6 billion, as of Thursday’s close… The Mediterranean restaurant chain reported fiscal second-quarter net… Continue Reading…

Stocks

“Shopify shares soar 17% after earnings top expectations, company gives upbeat forecast”

“…Here’s how the company did compared with what Wall Street was expecting, based on a survey of analysts by LSEG: The company said gross merchandise volume, or the total volume of merchandise sold on the platform, jumped 22% during the… Continue Reading…

Economy

“Recession Odds Climb to 25% After Weak Jobs Number, Goldman Sachs Says”

https://www.barrons.com/articles/fed-goldman-recession-rates-16bf36fc Article is behind a paywall so I’ll make a few comments instead. First of all we are already in a recession. The government altered the definition in order to avoid stating the obvious. Second, by the time mainstream media… Continue Reading…

Economy, Precious Metals

“Copper prices climb to 2024 high as Citi calls the start of the metal’s second bull market this century”

“Soaring copper prices show no signs of slowing down, analysts say, with the red metal’s rally fueled by supply risks and improving demand prospects for energy transition metals. Copper prices with May delivery traded at $4.323 per pound in New York as of… Continue Reading…

Economy

“Turkey’s inflation climbs to 68.5% despite continued rate hikes”

“Turkey’s annual inflation rose to 68.5% for the month of March, an increase on February’s 67.1% inflation read, according to the Turkish Statistical Institute’s report released Wednesday. The monthly rise in consumer prices came out at 3.16%, led by education, communication,… Continue Reading…

Stocks

“2 Soaring Growth Stocks That Could Climb Another 47% to 73%, According to Wall Street”

“Shares of Viking Therapeutics (NASDAQ: VKTX) are up about 275% in 2023, but analysts on Wall Street think it isn’t finished climbing yet. The consensus price target on the clinical-stage biotech stock suggests a 47% gain could be up ahead…. Shares of Iovance Biotherapeutics (NASDAQ: IOVA) have more… Continue Reading…

Precious Metals

“Gold Climbs to Record on Mix of Fed Pivot and Geopolitical Risks”

“… …” https://www.bloomberg.com/news/articles/2024-03-05/gold-climbs-to-record-as-momentum-builds-on-rate-bets To maximize profit silver is the play to make not gold in my opinion. It’s under valued more than gold is at the moment.

Business, Stocks

“Costco Stock Climbs After Earnings Beat, $15 Dividend Payout; Analysts Raise Price Targets”

“…The retailer reported a 16.6% increase in earnings to $3.58 per share on 6.2% revenue growth to $57.8 billion in revenue. FactSet analysts expected 11% earnings growth to $3.41 per share on $57.79 billion in revenue. Net sales rose 6.2%… Continue Reading…

Real Estate

“U.S. home prices climb for seventh month in a row to a record high, Case-Shiller says”

“…Home prices in the 20 major U.S. metro markets were up 3.9% in the past 12 months ending in September. The August report saw a 2.5% rise in home prices year-over-year. A broader measure of home prices, the national index,… Continue Reading…