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Economy

“Early Signs Point To A Higher Social Security Cost-Of-Living Adjustment in 2023”

“EDITOR’S NOTE:  Social Security beneficiaries may see the largest cost-of-living adjustment (COLA) since 1981. COLA is projected to increase by 8% in 2023, giving beneficiaries a strong boost in their monthly Social Security benefits, hopefully enough to counter the effects of… Continue Reading…

Economy

“Higher-income Americans are getting nervous about the economy”

“Even though they’re still flush with cash from the booming market, wealthier people are increasingly worried about the economy, especially inflation. What’s happening: In March, consumer confidence dropped 7.2% for those earning more than $100,000 — a much larger dip than… Continue Reading…

Economy

“Retail sales dropped 1.9% in December as higher prices caused consumers to curb spending”

“…The advance monthly sales report to close out the year showed a decline of 1.9%, considerably worse than the Dow Jones estimate for just a 0.1% drop. Excluding autos, sales fell 2.3%, a number that also fell well short of… Continue Reading…

Energy

“Chronic Underinvestment Could Push Oil Prices Higher In 2022”

“Long-suffering Americans grappling with runaway inflation are finally enjoying some reprieve. After a relentless climb, prices at the pump have been heading south, with national average gas prices tumbling to a 10-week low of $3.28 a gallon, according to AAA.… Continue Reading…

Stocks

“J.P. Morgan Says These 2 Stocks Are Ready to Rip Higher”

“EverCommerce (EVCM)… This newly public stock has picked up 13 reviews in its short time on the markets, including 11 Buys and 2 Holds for a Strong Buy consensus rating. EverCommerce shares are selling for $18.06, and their $22.15 average price… Continue Reading…

Economy

“3 “Strong Buy” Stocks Under $10 That Can Rip Higher”

“Enthusiast Gaming Holdings (EGLX)… Buck’s bullish stance on EGLX is hardly an outlier; in fact, Wall Street’s consensus is slightly more bullish. There are 3 recent Buy reviews on file, making the Strong Buy consensus rating unanimous. The shares are trading… Continue Reading…

Precious Metals

“Silver Price Prediction – Prices Edge Higher from Oversold Territory”

“Silver prices bounced slightly but failed to gain traction like gold. The slip in the dollar failed to buoy prices which appear to be forming a topping pattern. Instead, strong U.S. yields have helped buoy the greenback paving the way… Continue Reading…

Banking, Economy

“Bank of America CEO Brian Moynihan says consumer spending is 20% higher this year than 2019”

“Transaction volumes on customers’ credit and debit cards and over the Zelle payment network has grown by 20% so far this year compared to this point in 2019, Moynihan told CNBC’s Becky Quick Monday on CNBC’s “Squawk Box.” The comparison… Continue Reading…

Stocks

“MicroVision soars 47%, leading ‘meme stocks’ higher”

“Shares of laser-developer MicroVision Inc jumped 47% on Monday and other Reddit favorites rallied, suggesting that interest in so-called meme stocks remains strong after a wild ride this year. MicroVision, which develops laser scanning technology for automotive lidar sensors and… Continue Reading…

Business, Stocks

“Oil prices end higher as traders weigh latest supply update, demand prospects”

“Oil prices ended higher on Wednesday, shaking off an earlier decline, as traders parsed U.S. government data showing a more-than-3-million-barrel decline in crude inventories, and a bigger-than-expected climb in gasoline inventories. Once traders “looked beneath the sticker shock” of a… Continue Reading…