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Banking, Economy

“M2 Growth Plummets Down To Zero”

“EDITOR’S NOTE: It’s interesting to see common optimism floating around on Wall Street as mainstream financial media often represents it. It certainly makes you wonder if this is truly the case, as any investor, from retail to professional, can simply look “under… Continue Reading…

Economy

“Retail sales growth sluggish in August as consumers fight to keep up with inflation”

“…Advance retail sales for the month increased 0.3% from July, better than the Dow Jones estimate for no change. The total is not adjusted for inflation, which increased 0.1% in August, suggesting that spending outpaced price increases. Inflation as gauged by the consumer… Continue Reading…

Business, Economy

“China’s $89 billion e-commerce giant JD.com posts slowest quarterly growth on record”

“JD.com beat top and bottom line expectations in the second quarter, but posted its slowest year-on-year revenue growth on record, becoming the latest victim of a Covid-induced economic slowdown [Lockdowns] in China… Here’s how JD.com did in the second quarter, versus… Continue Reading…

Economy

“World Bank slashes global growth forecast to 2.9%, warns of ‘stagflation’ risk”

“The World Bank on Tuesday slashed its global growth forecast by nearly a third to 2.9% for 2022, warning that Russia’s invasion of Ukraine has compounded the damage from the COVID-19 pandemic, and many countries now faced recession… In a… Continue Reading…

Stocks

“Amazon shares fall on bleak forecast and slowest growth since dot-com bust”

“Amazon shares dropped as much as 10% in extended trading on Thursday after the company issued a revenue forecast that trailed analysts’ estimates. Here’s how the company did: Earnings: $7.38 per share, adjusted, vs. $8.36 expected, according to Refinitiv Revenue: $116.44 billion vs. $116.3 billion expected,… Continue Reading…

Economy

“Economy added 431,000 jobs in March despite worries over slowing growth”

“…Nonfarm payrolls expanded by 431,000 for the month, while the unemployment rate was 3.6%, the Bureau of Labor Statistics reported Friday. Economists surveyed by Dow Jones had been looking for 490,000 on payrolls and 3.7% for the jobless level… The… Continue Reading…

Stocks

“3 “Strong Buy” Stocks Showing Monster Growth”

“…Golar LNG Limited (GLNG)… Overall, Golar’s Strong Buy analyst consensus rating is based on 8 recent stock reviews, that include 6 to Buy and 2 to Hold. The shares are priced at $21.02, and their $22.81 average price target indicates an… Continue Reading…

Business

“Taco Bell accelerates international growth as chain aims for $20 billion in annual sales”

“Taco Bell is accelerating its growth outside the U.S., opening 25% of its international restaurants in just the last two years. The Yum Brands chain announced Tuesday that it opened its 100th restaurant in Spain. The chain said it’s on track to… Continue Reading…

Economy

“Private job growth totals 807,000 in December, more than doubling expectations, ADP says”

“…Private job growth totaled 807,000 for the month, well ahead of the Dow Jones estimate for 375,000 and the November gain of 505,000. The November total was revised lower from the initially reported 534,000. The total was the best for the… Continue Reading…

Business, Stocks

“Stitch Fix shares are down more than 27%, analyst says apparel retailer has hit a ‘growth wall’”

“Stitch Fix shares plummeted more than 27% Wednesday to a fresh 52-week low as one analyst said the company has run smack into a “growth wall.” The online shopping and styling service was able to top fiscal first-quarter expectations after the bell on… Continue Reading…