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Banking, Economy

“A key jobs report in the week ahead could drive the next big market move”

“…Stocks gained in the past week, surging again to new highs Friday after a speech by Federal Reserve Chairman Jerome Powell. The chairman acknowledged that Fed officials expect to taper back their $120 billion a month bond-buying program this year, a… Continue Reading…

Precious Metals

“The Next Black Swan Event: Palantir Hedges with Gold Bars”

“EDITOR NOTE: Tech billionaire Peter Thiel’s Palantir Technologies Inc. just spent $50 million to stock up on gold bars in August to protect themselves against a “black swan event.” This is a severe, unpredictable economic event that has a massive… Continue Reading…

Economy

“Oil could spike above $100 next year, Bank of America says”

“Oil could hit $100 per barrel next year as demand outstrips supply, according to Bank of America. The firm identified three factors on both the demand and supply side that should support prices into 2022. Analysts led by Francisco Blanch… Continue Reading…

Stocks

“These energy stocks are expected by Wall Street to rise up to 37% over the next year”

“Expected earnings growth The first shows the 20 largest energy companies in the S&P 1500 by market capitalization, with their consensus earnings estimates among analysts polled by FactSet for calendar 2021 and the following three years, if available. You may… Continue Reading…

Cryptocurrencies

“SpaceX accepts Dogecoin as payment to launch ‘DOGE-1 mission to the Moon’ next year”

“Elon Musk’s SpaceX will launch the “DOGE-1 Mission to the Moon” in the first quarter of 2022, with the company accepting the meme-inspired cryptocurrency as full payment for the lunar payload. Geometric Energy Corporation announced the dogecoin-funded mission on Sunday, which SpaceX’s… Continue Reading…

Economy

“Lumber prices are up 232% and ‘could spiral out of control in the next few months’”

“Last week the price per thousand board feet of lumber soared to an all-time high of $1,188, according to Random Lengths. Since the onset of the pandemic, lumber has shot up a whopping 232%. Home builders and DIYers don’t want… Continue Reading…

Economy

“Biden Eyes First Major Tax Hike Since 1993 in Next Economic Plan”

“President Joe Biden is planning the first major federal tax hike since 1993 to help pay for the long-term economic program designed as a follow-up to his pandemic-relief bill, according to people familiar with the matter. Unlike the $1.9 trillion… Continue Reading…

Stocks

“The Stock Market Could Gain Another 10% Next Year, Experts Say”

“Even though U.S. stocks are at all-time highs today, market strategists see the S&P 500 index rising further in 2021, propelled by a stronger economy, robust profit growth, and still-massive stimulus from governments and central banks, which paved the way… Continue Reading…

Business

“As Tesla surges 600% off its 2020 low, meet the next electric car newcomer going public”

“Electric vehicle companies are enjoying an incredible moment in 2020, spearheaded by Tesla (TSLA), which saw shares surge 600% from their March lows, and Chinese rival Nio (NIO), also enjoying a similar 700% pop. Investors also battled over shares in… Continue Reading…

Economy

“25% of U.S. malls are expected to shut within 5 years…”

“Another new report out this week from Coresight Research estimates 25% of America’s roughly 1,000 malls will close over the next three to five years, with the pandemic accelerating a demise that was already underway before the new virus emerged. … Continue Reading…