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Economy

“The US debt is about to hit $35 trillion. It didn’t come up at the GOP convention.”

“…Outstanding government debt stood at $34.9 trillion ($34,940,154,000,000 to be somewhat more precise) as of Tuesday, according to the latest data from the Treasury Department. That’s a debt load that now represents over 120% of GDP. Earlier this year, the cost… Continue Reading…

Business

“TSMC third-quarter profit to slide 30%, focus on how much growth to come”

“…The likely decline in profit also reflects a strong performance last year, when the company was still riding high on pent-up post-pandemic demand. The world’s largest contract chipmaker is set to report net profit of T$195.9 billion ($6 billion) for… Continue Reading…

Business

“Mark Zuckerberg’s fortune has surged this year – and nobody on the rich list comes close to his $44 billion gain”

“…Mark Zuckerberg has seen his fortune surge this year – and nobody on Bloomberg’s rich list comes close to his $44 billion gain so far in 2023. The Meta CEO has made more than anybody else on Bloomberg’s Billionaire Index this year,… Continue Reading…

Stocks

“Nikola shares surge 18% after company delivers its first EV truck, says more to come”

“Nikola shares jumped 18% on Thursday after theelectric truck maker completed delivery of its first vehicle. The surge in the stock came a day after the company announced on Twitter that its first customer delivery is done, signaling more to come…” https://www.cnbc.com/2021/12/23/nikola-shares-surge-after-company-delivers-its-first-ev-truck-says-more-to-come.html This… Continue Reading…

Economy

“India could be back as the world’s fastest growing economy this year”

“After plunging into recession for the first time in nearly a quarter of a century, India’s economyshouldcome roaring back to life in 2021.India’s gross domestic product is projected to expand by 12.6% during the country’s fiscal year starting in April, according toa… Continue Reading…

Economy

“U.S. Economy Will Be in Trouble If Boomers Don’t Come Back to Work”

“Older workers have been one of the reasons job growth has remained so robust during the past few years. From the end of 2016 through February, employment among people between the ages of 25 and 54 increased by 3 million. For workers… Continue Reading…

Economy

“It will be a devastating week for the US economy. There is no playbook — and stimulus must come fast”

“A sudden stop in the economy so severe, Goldman Sachs economists now forecast real GDP growth of negative 9% in the first quarter and down an astonishing 34% in the second. Economists at Goldman Sachs expect the economy to recover mid-year with… Continue Reading…

Banking, Economy

“Negative rates come to the US: 1-month and 3-month Treasury bill yields are now below zero”

“Yields on both the one-month and three-month Treasury bills dipped below zero Wednesday, a week and a half after the Federal Reserve cuts its benchmark rate to near-zero and as investors have flocked to the safety of fixed income amid… Continue Reading…

Stocks

Do Or Die: Monster Penny Stock On The Way?!

I’m looking at you Chesapeake Energy. Right now it’s out of my range. I usually deal with stocks that are 30 cents and below. It’s around 57 cents at the moment. If this stock drops beyond 30 cents it’s going… Continue Reading…

Stocks

“U.S. Stocks Rise as Earnings Roll In; Bonds Climb: Markets Wrap”

“The S&P 500 Index traded above 3,000, approaching its all-time high. Biogen Inc. surged on news it will ask U.S. drug regulators to approve an experimental Alzheimer’s therapy. The U.S. dollar fluctuated… It’s a huge week for earnings, with around one-fifth of… Continue Reading…