Economy

“U.S. economy grew at a 2.8% pace in the second quarter, much more than expected”

“…Real gross domestic product, a measure of all the goods and services produced during the April-through-June period, increased at a 2.8% annualized pace adjusted for seasonality and inflation. Economists surveyed by Dow Jones had been looking for growth of 2.1% following… Continue Reading…

Business

“JPMorgan Hikes BYD’s Price Target by More Than 80% on Outlook”

“JPMorgan Chase & Co.’s analysts raised their price targets for BYD Co. by more than 80% on expectations the Chinese automaker will deliver 6 million vehicles globally in the next two years… BYD has focused on boosting international sales and… Continue Reading…

Stocks

“3 Stocks That Have Soared 179% or More in 2024 and Could Go Even Higher, According to Wall Street”

“…1. Summit Therapeutics Summit Therapeutics (NASDAQ: SMMT) is sizzling hot this year, with its shares skyrocketing around 220%. All of this huge gain has come since late May… 2. Super Micro Computer Shares of Super Micro Computer (NASDAQ: SMCI) have nearly tripled so far in… Continue Reading…

Economy

“Americans Have More Investment Income Than Ever Before”

“Lynn Hogan and her husband jokingly call themselves “the turtles” after methodically investing for decades. In the current race against inflation, which has made trips more expensive and $200 grocery bills not uncommon, the mostly retired educators are among those keeping… Continue Reading…

Business, Economy

“Are You Richer Than Your Peers? The Net Worth Needed To Be In The Top 10% Of Your Age”

“The net worth required varies significantly by age group, with older Americans generally having more time to accumulate wealth: • 18-29: $281,550 • 30-39: $711,400 • 40-49: $1,313,700 • 50-59: $2,629,060 • 60-69: $3,007,400 • 70+: $2,862,000 …” https://finance.yahoo.com/news/richer-peers-net-worth-needed-200324549.html

Economy

“Fed’s Kashkari wants to see ‘many more months’ of positive inflation data before a rate cut”

“…The Federal Reserve should wait for significant progress on inflation before cutting interest rates, Minneapolis Federal Reserve President Neel Kashkari told CNBC on Tuesday. Asked what conditions were needed for the Fed to cut rates once or twice this year, Kashkari… Continue Reading…

Business

“Target lowering prices on 5,000 items in bid to lure more shoppers”

“Target will be lowering prices on at least 5,000 frequently shopped products across its assortment ranging from milk to diapers, the big-box retailer said on Monday, as it looks to attract budget-stretched customers. Still-high food prices and borrowing costs have… Continue Reading…

Economy

“Nearly 50% of people are considering leaving their jobs in 2024—more than during the ‘great resignation’”

“In 2022, at the height of the “great resignation,” a record 4.5 million workers each month — about 3% of the U.S. workforce — were quitting their jobs.  While some economists have said this pandemic-era trend is over, new research from Microsoft… Continue Reading…

Economy

“38% of Americans have ‘never felt more uninspired at work than they do now’”

“…The survey, conducted by Talker Research and commissioned by Life Time Work, polled 2,000 employed Americans and found that this lack of inspiration is directly impacting productivity. Another 38 percent of respondents admitted to feeling only “somewhat” productive at work,… Continue Reading…

Business, Stocks

“Shares of Nio soar more than 20% as EV deliveries more than double in April”

“Shares of Chinese electric vehicle maker Nio Inc jumped 20% Thursday after its vehicle deliveries more than doubled in April. Hong Kong-listed shares of the company jumped as much as 23% to 44.20 Hong Kong dollars, touching their highest level in over… Continue Reading…