Economy

“Fed’s favorite inflation gauge up 5.2% for biggest annual gain since 1983”

“…The core personal consumption expenditures price index, the Federal Reserve’s primary inflation gauge, rose 5.2% from a year ago, slightly more than the 5.1% Dow Jones estimate. It was the highest level since April 1983. Including food and energy prices,… Continue Reading…

Economy

“Payrolls show surprisingly powerful gain of 467,000 in January…”

“…Nonfarm payrolls surged by 467,000 for the month, while the unemployment rate edged higher to 4%, according to the Bureau of Labor Statistics. The Dow Jones estimate was for payroll growth of 150,000 and a 3.9% unemployment rate… Along with the… Continue Reading…

Economy

“Job growth disappoints in November, with a gain of just 210,000, despite high hopes”

“ Nonfarm payrolls increased by 210,000 in November, following a gain of 546,000 the previous month. The number was well below Wall Street expectations of 573,000. Despite the big hiring miss, the unemployment rate fell to 4.2%, a 0.4% percentage… Continue Reading…

Cryptocurrencies

“Crypto world hits $3trn market cap as ether, bitcoin gain”

“The cryptocurrency market is now worth more than $3 trillion. As of 7:38 a.m. in London, the overall market cap of cryptocurrencies hit $3.01 trillion, according to CoinGecko pricing. The third- and fourth-biggest tokens, Binance Coin and Solana, have added… Continue Reading…

Business, Stocks

“Phunware stock surges over 1,000% early Friday as a Trump-linked SPAC heads for a 1,345% weekly gain”

“Shares of Phunware Inc. surged more than 1,000% early Friday, as a special-purpose acquisition company, or SPAC, called Digital World Acquisition Corp. , was revealed to be merging with an entity called Trump Media Technology Group. Austin-based Phunware is an… Continue Reading…

Economy

“Retail sales post surprise gain as consumers show strength…”

“Retail sales posted a surprise gain in August despite fears that escalating Covid cases and supply chain issues would hold back consumers, the Census Bureau reported Thursday. Sales increased 0.7% for the month against the Dow Jones estimate of a… Continue Reading…

Stocks

“Baker Hughes stock gains after setting $2 billion stock repurchase program”

“Shares of Baker Hughes Co. rallied 0.8% in morning trading Friday, after the oilfield products and services company said it set a $2 billion stock repurchase program. Based Thursday’s stock closing price of $21.18, the buyback program represents about 9.1%… Continue Reading…

Stocks

“Dow jumps 300 points to begin May, reopening trades gain”

“The Dow Jones Industrial Average rose 300 points. The S&P 500 gained 0.6% and the Nasdaq Composite inched up 0.4%. Berkshire Hathaway shares rose 1% after Warren Buffett’s conglomerate reported a 20% surge in operating earnings and continued to buy back large… Continue Reading…

Stocks

“Gamestop, memestocks, and the revenge of the retail trader”

“Gamestop shares are set to rally 70% this morning when trading starts, and AMC shares opened up 300%, extending a run that has perplexed market observers, irked hedge funds, and generally made crypto’s recent gains appear soft and weak… It… Continue Reading…

Stocks

“2 “Strong Buy” Penny Stocks That Could See Outsized Gains”

“AzurRx BioPharma (AZRX)… Overall, the analyst consensus on AZRX shares is a Strong Buy; the stock has 4 recent reviews, including 3 Buys and a single Hold. In addition, the $4 average price target brings the upside potential to 304%…… Continue Reading…