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Stocks

AMC / Meme Stock Update 6/21/24

Theres not much time until the stock market open so I’ll keep this short for now. I come back and update this article after either something big happens or the market closes. Stay tuned until then.

Economy

“As food prices rise in June, analysts warn of a ‘tipping point’ for Americans”

“…Food prices rose 3% in June compared to a year ago, according to the latest data from the Bureau of Labor Statistics. After a year of price hikes, consumers continued to see food prices rise, but at a slower rate. Grocery… Continue Reading…

Stocks

“South Korea to Ban Short-Selling of Stocks Until June 2024”

“South Korea will prohibit stock short-selling until June 2024 to allow regulators to “actively” improve rules and systems, the Financial Services Commission said. Trading with borrowed shares, an essential component of short selling, will be banned for companies in the… Continue Reading…

Economy

“June jobs report live updates: 209,000 jobs added as unemployment falls to 3.6%”

“Hiring slowed but remained sturdy in June as U.S. employers added 209,000 jobs despite inflation, high interest rates and nagging recession fears. Still, that’s the weakest showing since employers shed jobs in December 2020. The unemployment rate fell from 3.7% to 3.6%, the Labor Department… Continue Reading…

Economy, Energy

“Wholesale prices shoot up near-record 11.3% in June on surge in energy costs”

“…The producer price index, a measure of the prices received for final demand products, increased 11.3% from a year ago, the highest reading since the record 11.6% in March. Of that gain, almost 90% came from a 10% increase in… Continue Reading…

Stocks

“Dow pops 500 points as Wall Street applauds latest bank earnings, strong June retail sales”

“…The Dow Jones Industrial Average popped 532 points, or 1.74%. The S&P 500 jumped 1.35% and Nasdaq Composite added 1.06%, but stocks remained on track for weekly losses. A new round of bank results from Wells Fargo and Citigroup offered further insight into the state… Continue Reading…

Economy

“US inflation reached a new 40-year high in June of 9.1%”

“Surging prices for gas, food and rent catapulted U.S. inflation to a new four-decade peak in June, further pressuring households and likely sealing the case for another large interest rate hike by the Federal Reserve, with higher borrowing costs to follow.… Continue Reading…

Economy

“Payrolls increased 372,000 in June, more than expected, as jobs market defies recession fears”

“Job growth accelerated at a much faster pace than expected in June, indicating that the main pillar of the U.S. economy remains strong despite pockets of weakness. Nonfarm payrolls increased 372,000 in the month, better than the 250,000 Dow Jones… Continue Reading…

Real Estate

“Manhattan apartment sales fall 30% in June, but prices remain high”

“…New York real estate was on a tear through the early spring, with high prices and strong sales. The median sales price for the second quarter rose to a record $1.25 million, according to data from the firms Miller Samuel… Continue Reading…

Economy, Stocks

“S&P 500 hits another record high after better-than-expected June jobs report”

“Futures contracts tied to the major U.S. stock indexes rose slightly on Friday as the June jobs report beat expectations, putting Wall Street on track to post a solid week of gains across the board. Contracts tied to the Dow… Continue Reading…