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Business

“Chipotle raises menu prices as employee costs increase”

“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…

Stocks

“Dow rises 250 points amid better-than-expected jobs data, Boeing shares jump”

“The Dow Jones Industrial Average jumped 250 points. The S&P 500 rose 0.3% and the Nasdaq Composite traded near the flatline. Shares of Boeing advanced 4% on optimism about an economic recovery. It looks like gains for the overall market… Continue Reading…

Business

“Best Buy sales jump 36% as consumers splurge on electronics, retailer raises forecast”

“Best Buy said Thursday that sales grew 36% in the fiscal first quarter as shoppers’ stimulus-fueled spending spree includedconsumer electronics. Shares of the company 3.3% in premarket trading after the home electronics and appliance retailer raised its forecast…  Chief Financial Officer… Continue Reading…

Economy

“Surging U.S. crop prices reverse fortunes in rural Iowa”

“A surge to eight-year highs in U.S. corn and soybean prices is boosting farmers’ incomes and their demand for land, tractors and tools. It is a turnaround for the agricultural sector after farmers struggled for years with a series of… Continue Reading…

Economy

“Lumber prices are up 232% and ‘could spiral out of control in the next few months’”

“Last week the price per thousand board feet of lumber soared to an all-time high of $1,188, according to Random Lengths. Since the onset of the pandemic, lumber has shot up a whopping 232%. Home builders and DIYers don’t want… Continue Reading…

Stocks

“2 “Strong Buy” Penny Stocks That Could Go Boom”

“Savara, Inc. (SVRA)… Overall, SVRA has 3 recent analyst reviews, and all are Buys, making the analyst consensus rating a Strong Buy. The average price target stands tall at $4.67, which suggests the stock has room for 173% upside in the… Continue Reading…

Business, Economy

“Boat sales took off… now dealers can’t keep up with demand”

“Boat sales skyrocketed last year… as more Americans turned to the lifestyle amid more flexible work environments that allowed people to spend extra time enjoying the outdoors. Sales of boats, marine products and services across the country leaped to a… Continue Reading…

Business, Economy

“U.S. toy sales surged 16% in 2020…”

“Sales of skateboards, Legos and other playthings propelled U.S. toy sales to $25.1 billion last year, a 16% increase from 2019, as consumers looked for ways to pass the time during the coronavirus pandemic, The NPD Group said Monday… Although May showed the… Continue Reading…

Stocks

“Marijuana stocks could see more than 50% boost, says top analyst”

“…“We’re still working through the models because we don’t have visibility around the timing of [legislation] but we would anticipate either the back half of ’21 or the first half of ’22,” Azer said. “But what we have asserted is… Continue Reading…

Stocks

“These 2 Penny Stocks Are Poised to Go Boom, Say Analysts”

“Matinas BioPharma (MTNB)… Turning now to the rest of the Street, other analysts echo Hazlett’s sentiment. As only Buy recommendations have been published in the last three months, MTNB earns a Strong Buy analyst consensus. With the average price target… Continue Reading…