August 25, 2023
“Developers in the world of artificial intelligence can’t get enough of Nvidia’s processors. Demand is so strong that the company said late Wednesday that revenue in the current quarter will jump 170% to roughly $16 billion. Nvidia shares rose more than 2% on Thursday before slumping… Continue Reading…
December 15, 2022
“EDITOR’S NOTE: Markets were closely watching the Jobs Report in the first week of December, worried that job growth beyond consensus estimates would signal a continuation of inflation, especially amid a high level of job openings. Citi’s recent statement peers beyond… Continue Reading…
June 15, 2022
“The Federal Reserve’s missteps in waiting too long to tackle the greatest run-up in prices in four decades has shaken trust across markets and the American public that it is up to the task of curbing inflation. On the eve… Continue Reading…
October 4, 2021
“The global airline industry is expected to lose close to $12 billion next year, cutting its losses from this year by 78% as carriers slowly recover from the Covid-19 pandemic, the International Air Transport Association said in a forecast Monday.… Continue Reading…
September 7, 2021
“Over seven million people across the U.S. will lose their unemployment benefits beginning on Monday as pandemic safety nets expire. The emergency federal jobless benefits are set to end on Labor Day, while another three million people will lose their additional $300 boost to state unemployment… Continue Reading…
September 7, 2021
“Billionaire investor George Soros said BlackRock Inc investing billions of dollars into China now is a “mistake” and will likely lose money for the asset manager’s clients, according to an opinion piece in the Wall Street Journal. “Pouring billions of… Continue Reading…
August 31, 2021
“…Congress authorized a historic expansion of the country’s safety net for jobless individuals in March 2020 to manage the fallout of the Covid-fueled economic downturn. Lawmakers twice extended those temporary expansions, which increased the number of people eligible for unemployment… Continue Reading…
July 21, 2021
“A Wells Fargo Advisors team managing more than $800 million in assets has left to join Insigneo, an independent broker-dealer and registered investment advisory firm, the company said.… Miami-based advisors Isadora Del Llano, Yzana Oestreicher, Maria Elena Garcia, and Nilia Gasson make up… Continue Reading…
April 6, 2021
“A new report from UBS’s retail analysts suggests that 80,000 stores will close in the U.S. over the next few years. “We estimate that 80,000 stores will close by 2026 in our base case,” the report found. The worst-case scenario… Continue Reading…
December 7, 2020
“Millennials are down 50% or more on three of their most popular 100 stocks, which they also were big holders of coming into the year. The big losers they’ve ridden down this year include industrial American Airlines (AAL), financial Wells Fargo (WFC) and energy Exxon… Continue Reading…
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