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Economy

“Here’s why groceries keep getting more expensive”

“…Food manufacturers and grocers have faced higher costs for commodities, labor, transportation and other expenses during the pandemic. Those costs have escalated in recent months, leading manufacturers to pass off some of these costs to their retail customers, who in… Continue Reading…

Business, Investing

“Where Do Millionaires Keep Their Money?”

“Where do millionaires keep their money? High net worth individuals put money into different classifications of financial and real assets, including stocks, mutual funds, retirement accounts and real estate. Most of the 20.27 million millionaires in the U.S. did not inherit their… Continue Reading…

Economy

“Supply bottlenecks keep heat on U.S. producer prices”

“U.S. producer prices increased solidly in August, leading to the biggest annual gain in nearly 11 years, suggesting that high inflation is likely to persist for a while as the unrelenting COVID-19 pandemic continues to pressure supply chains. There are,… Continue Reading…

Economy

“Lukoil: OPEC+ Aims To Keep Oil Price In The $65-75 Range”

“The OPEC+ alliance looks to keep oil prices in the range between $65 and $75 per barrel, and this is a comfortable price for consumers, Vagit Alekperov, president and CEO at Russia’s second-largest producer, Lukoil, told Russian newspaper Kommersant. Brent Crude prices have not… Continue Reading…

Economy, Stocks

“Oil Breaks Through $70 a Barrel. Here’s How It Could Keep Going.”

“Oil prices have rebounded even faster than most oil bulls had expected, and on Monday, oil futures briefly crossed a key threshold. West Texas Intermediate futures, the benchmark for U.S. oil, rose above $70 a barrel late on Sunday, the first… Continue Reading…

Economy

“Economic Growth Is Set to Surge. Hiring Might Not Keep Up.”

“U.S. employers might have trouble hiring workers fast enough in coming months to keep up with the projected burst of economic growth. Consumer spending at restaurants, hotels and salons is already starting to take off as the grip of the Covid-19 pandemic eases and… 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…

Stocks

“PubMatic stock opens 26% above IPO price, and keeps rising”

“PubMatic Inc.’s soared out of the gate Wednesday, as the stock opened 25.6% above the initial public offering price. The IPO priced late Tuesday at $20 a share, above the previously expected range of $16 and $18 a share. The… Continue Reading…

Stocks

“3 Stocks You Can Keep Forever”

“1. Walmart Walmart (NYSE:WMT) has a simple formula with a proven long-term success rate. Opening its first discount store nearly six decades ago, the retailer keeps costs low and passes these savings on to its customers. This sounds deceptively easy, but other companies have… Continue Reading…

Economy, Stocks

“Nasdaq closes at all-time high, Dow less than 7% off record, as Wall Street looks for Fed to keep support intact”

“The Dow Jones Industrial Average DJIA, -0.70% climbed 461.46 points, or 1.7%, to end at 27,572.44, its sixth straight gain. The S&P 500 SPX, -0.66% rose 38.46 points, or 1.2%, finishing at 3,232.39. The tech-heavy Nasdaq Composite Index COMP, +0.18% gained 110.66 points, or 1.1%, ending at 9,924.74, a… Continue Reading…