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Economy

“Biden Eyes First Major Tax Hike Since 1993 in Next Economic Plan”

March 15, 2021

“President Joe Biden is planning the first major federal tax hike since 1993 to help pay for the long-term economic program designed as a follow-up to his pandemic-relief bill, according to people familiar with the matter. Unlike the $1.9 trillion… Continue Reading…

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Precious Metals

“Platinum Soars Past $1,300 an Ounce for First Time in Six Years”

February 15, 2021

“Platinum surged above $1,300 an ounce for the first time in more than six years on bets that a recovery in industrial demand and stricter emissions rules will tighten supply of the metal. Gold edged lower. Tougher pollution regulations requiring… Continue Reading…

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Economy

“Oil breaks above $50 for the first time since February”

January 5, 2021

“U.S. West Texas Intermediate crude futures, the U.S. oil benchmark, broke above $50 on Tuesday for the first time since February. The move higher marks a steady comeback for oil prices after the coronavirus pandemic and subsequent demand loss sent futures… Continue Reading…

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Stocks

“Penny Stocks to Watch for November 2020”

October 30, 2020

“Lantronix, Inc. (LTRX)  Lantronix, Inc. (LTRX) has popped up in this Investopedia column and in my newsletter several times, and just about every time, it has witnessed considerable gains in value. These have been short-lived, however, so you may want to… Continue Reading…

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Business

“ESPN’s week 1 Monday Night Football ratings fall nearly 11%”

September 16, 2020

“… the New York Giants hosting the Pittsburgh Steelers attracted an average of 10.7 million viewers on Monday’ night the network announced, down 10.8% from last year’s first Monday night game. …The game peaked at 13.1 million viewers around 9:00 p.m.… Continue Reading…

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Stocks

“CureVac Stock Soared 249% on Its First Day of Trading…”

August 17, 2020

“Shares of CureVac, the German biotech specializing in the messenger RNA technology that is the basis of many of the leading Covid-19 vaccine programs, is set to soar on its second day of trading. CureVac shares (ticker: CVAC) were up 42% in… Continue Reading…

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Economy

“First-time jobless claims fall below 1 million for the first time since March”

August 13, 2020

“Another 963,000 Americans filed for regularfirst-time unemployment benefits last week on a seasonally adjusted basis — the first time in five months that number has dipped below 1 million, the Department of Labor said Thursday. It was the lowest number of weekly… Continue Reading…

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Banking

“U.S. Fed’s balance sheet shrinks for first time since February”

June 19, 2020

“The Federal Reserve’s assets shrank this week for the first time since February, reflecting a sharp drop in currency swaps with foreign central banks and a continued slackening in demand for other emergency credit facilities. The Fed’s balance sheet –… Continue Reading…

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Banking

“Federal Debt Tops $26 Trillion for First Time; Jumps $2 Trillion in Just 63 Days”

June 12, 2020

“The debt of the federal government topped $26 trillion for the first time on Tuesday, when it climbed from $25,960,547,920,986.11 to $26,003,751,512,344.91, according to data released today by the Treasury Department. The federal debt had topped $24 trillion for the first… Continue Reading…

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Economy

“US GDP shrank 4.8% in the first quarter amid biggest contraction since the financial crisis”

April 29, 2020

“Gross domestic product fell 4.8% in the first quarter, according to government numbers released Wednesday that provide the first detailed glimpse into the deep damage the coronavirus wreaked on the U.S. economy. Economist surveyed by Dow Jones had expected the… Continue Reading…

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