August 14, 2020
“Consumers spent less than expected in July as a pullback in auto sales helped cool an economy struggling to shake off the effects of the coronavirus pandemic. Retail sales rose 1.2% for the month, against the expected increase of 2.3%… Continue Reading…
August 3, 2020
“The Commerce Department said on Friday that consumer spending, which accounts for more than two-thirds of U.S. economic activity, rose 5.6% last month after a record 8.5% jump in May as more businesses reopened. Consumers stepped up purchases of clothing… Continue Reading…
June 11, 2020
“Wall Street analysts have assigned a consensus price target of $2.3 to the stock, which implies a rise of 414.54% to its current value. Analysts have been projecting $0.7 as a low price target for the stock while placing it… Continue Reading…
June 8, 2020
“In a twist that shocked many of the nation’s top economists, the U.S.’s May jobs report released Friday showed the country added 2.5 million jobs last month, lowering the unemployment rate from 14.7 percent to 13.3 percent. A large chunk of that… Continue Reading…
May 29, 2020
“American consumer spending ground to a halt during the coronavirus lockdown, and that is a massive problem for the spending-addicted US economy. April’s personal consumption data showed a 13.6% drop in consumer spending, according to a Bureau of Economic Analysis… Continue Reading…
May 18, 2020
“Stocks rallied on Monday, rebounding from losses last week, as news from a Moderna trial stoked optimism about a potential coronavirus vaccine. The Dow Jones Industrial Average traded 700 points higher, or nearly 3%. The S&P 500 gained 2.5% while the Nasdaq Composite advanced 1.7%… Shares… Continue Reading…
April 28, 2020
“Two years ago, when gold was hovering at the $1,200 range, the idea of gold surpassing $1,700 seemed like a pipe dream to many investors. Remember, August 2018 marked a 5-month period of intense selling pressure. Nobody wanted gold, from… Continue Reading…
March 25, 2020
“Yields on both the one-month and three-month Treasury bills dipped below zero Wednesday, a week and a half after the Federal Reserve cuts its benchmark rate to near-zero and as investors have flocked to the safety of fixed income amid… Continue Reading…
January 29, 2020
“Apple on Tuesday posted record results for the final three months of last year delivered by gains in iPhone sales even as the company transitions to digital services and wearables… Net profit hit an all-time high of $22 billion on… Continue Reading…
August 30, 2019
“US stocks on Thursday had their best day in roughly two weeks on hopes that trade tensions between the United States and China could ease… August is shaping up to be the second worst month for stocks this year, in sharp contrast… Continue Reading…
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