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Economy

“U.S. consumer prices jump 6.2% in October, the biggest inflation surge in more than 30 years”

November 10, 2021

“The consumer price index, which is a basket of products ranging from gasoline and health care to groceries and rents, rose 6.2% from a year ago, the most since December 1990. That compared with the 5.9% Dow Jones estimate. On… Continue Reading…

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Economy

“Producer inflation accelerated in August, as wholesale prices rose record 8.3% from a year ago”

October 14, 2021

“The producer price index rose 0.7% for the month, above the 0.6% Dow Jones estimate, though below the 1% increase in July. On a year-over-year basis, the gauge rose 8.3%, which is the biggest annual increase since records have been… Continue Reading…

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Precious Metals

“Lithium Jumps Again as Miners Can’t Keep Up With Battery Boom”

October 6, 2021

“Prices have more than doubled in the past year, according to a Benchmark Mineral Intelligence index of lithium carbonate and hydroxide. Demand for the materials used in electric cars and renewable-energy storage has soared and, while miners are seeking to… Continue Reading…

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Economy

“Supply chain troubles drive Salesforce’s forecast for 20% increase in prices this holiday season”

September 30, 2021

“Supply chain problems will hit consumers in the wallet during the holidays, with Salesforce.com Inc. forecasting a 20% increase in prices for the shopping season and beyond. The global supply chain has been tied in knots for a variety of… Continue Reading…

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Banking, Cryptocurrencies

“Bitcoin could rise 10 times in price but I just don’t care, says JPMorgan CEO”

September 29, 2021

“JPMorgan CEO Jamie Dimon said that Bitcoin may rise 10 times in price in the next five years. The long-term Bitcoin critic also warned that it would be foolhardy to borrow money to buy Bitcoin. Recently, the bank moved to… Continue Reading…

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Business, Economy

“House Democrats propose top 39.6% tax rate at these income levels”

September 14, 2021

“House Democrats have proposed a top marginal income tax rate of 39.6% for individuals, part of a sweeping change to the tax code to fund climate investments and an expansion of the U.S. safety net. That rate, an increase from… Continue Reading…

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Economy

“Food is getting more expensive in the U.S…”

September 10, 2021

“…Even though beef prices have been rising, farmers and ranchers have been making less money, the White House said. Climate change, labor issues, transportation concerns and other supply chain disruptions have been contributing to the rising costs over the past several… Continue Reading…

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Stocks

“3 Stocks that Could Benefit if Interest Rates Rise Higher”

July 12, 2021

“Goldman Sachs… According to TipRanks’ stock analysis, GS receives a Smart Score of 9, meaning the stock is likely to Outperform. The Smart Score is derived from 8 unique data sets, including Analyst recommendations, Crowd Wisdom, Hedge Fund Activity, Media Sentiment… Continue Reading…

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Economy

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

June 28, 2021

“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…

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Business

“Chipotle raises menu prices as employee costs increase”

June 10, 2021

“Chipotle Mexican Grill Inc said on Tuesday it has increased prices for products across its menu by about 4% owing to rising labor costs.   Several companies in the retail space, including McDonald’s and Walmart, have increased hourly wages for employees in… Continue Reading…

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