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Economy

“US Trade Deficit Hits All Time High in September at $80.9 Billion”

“EDITOR’S NOTE: The Associated Press reports that “the U.S. trade deficit hit an all-time high of $80.9 billion in September as American exports fell sharply while imports, even with supply chain problems at American ports, continue to climb.” This September… Continue Reading…

Cryptocurrencies

“Ethereum just hit an all-time high of above $4,400 after a recent upgrade. Here’s what to know”

“Altair, an important upgrade to the Ethereum network, went live on Wednesday. Following, the price of ether hit an all-time high of over $4,416 on Friday, according to CoinGecko. It’s currently trading at around $4,325 as of 9:32 a.m. EST on Friday…” https://www.cnbc.com/2021/10/28/what-to-know-about-ethereum-altair-upgrade-and-proof-of-stake.html For… Continue Reading…

Stocks

“Snap stock plummets 25% after iOS ad tracking changes hit revenue”

“Snapchat’s parent company crossed $1 billion in quarterly revenue for the first time ever, but worse-than-expected earnings and a forecast of more headwinds to come led its stock to crash on Thursday.Shares of Snap (SNAP), which owns the popular photo and video… Continue Reading…

Business, Stocks

“AutoNation shares hit new all-time high after reporting record quarterly earnings”

“…Shares of the Florida-based dealership group jumped by as much as 12% Thursday morning before retreating to about $124 a share, up by about 6%. AutoNation’s stock is up by nearly 70% so far this year. The company reported adjusted… Continue Reading…

Economy

“European Gas Hit Record 100 Euros as Energy Crunch Worsens”

“European gas surged to a record 100 euros as China stepped up a global fight for energy supplies, in a move that threatens to derail the economic recovery. Prices later retreated. In volatile trading, benchmark futures gained as much 2.3%… Continue Reading…

Economy, Stocks

“Bed Bath & Beyond shares dive more than 25% as supply chain issues hit sales, inflation eats into profits”

“…Here’s how Bed Bath & Beyond did in its second quarter ended Aug. 28 compared with what Wall Street was expecting, based on a Refinitiv survey of analysts: Earnings per share: 4 cents adjusted vs. 52 cents expected Revenue: $1.99… Continue Reading…

Economy

“U.S. Coal Consumption Hit 60-Year Low In 2020”

“Six of the world’s ten largest consumers of coal are in the Asia Pacific region. All of last year’s top consumers saw a decline in coal consumption from 2019, with the exception of China and Vietnam. Below were the world’s… Continue Reading…

Stocks

“Amazon.com Plunge Hits Nasdaq Harder As Stock Market Drops…”

“The stock market was off its opening lows Friday morning as the Nasdaq composite took the hardest hit from weakness in Amazon.com (AMZN) in particular.Volume 0%  Amazon.com slid nearly 7% after the company reported second-quarter sales that missed views and gave a disappointing forecast… Continue Reading…

Business, Economy

“One corner of the auto market is hitting records as used car prices surge”

“A global chip shortage has put the squeeze on car production and driven the price of used cars higher. Used car and truck prices rose by more than 45% in June, according to the most recent read on inflation. That looks to have had a… Continue Reading…

Economy

“Oil Could Hit $80 by Year End, JPMorgan Says. Here’s Why.”

“Oil is likely to jump to $80 a barrel by year end amid expanding demand and a lack of supply, according to JP Morgan analysts led by Joyce Chang. The upcycle in energy prices is supported by a surge in demand as the world… Continue Reading…