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Banking, Economy

“Fed Chair Powell says interest rates are ‘likely to be higher’ than previously anticipated”

“Federal Reserve Chairman Jerome Powell on Tuesday cautioned that interest rates are likely to head higher than central bank policymakers had expected. Citing data earlier this year showing that inflation has reversed the deceleration it showed in late 2022, the… Continue Reading…

Business

“Home Depot says it will spend $1 billion to give hourly workers a raise”

“Home Depot on Tuesday said it will spend an additional $1 billion to give its hourly employees a raise, as retailers and restaurants compete for workers. The home improvement retailer announced the wage investment as it reported fourth-quarter earnings. It… Continue Reading…

Economy, Energy

“Oil Market Keeps Getting Stronger as Prices Power Up to $93”

“The market’s structure is trading at its strongest level in years, indicating scarce supply. Diesel — the fuel that helps power the global economy — is also surging as a cold snap hits the U.S and demand soars. Inventories at… Continue Reading…

Precious Metals

“Lithium Jumps Again as Miners Can’t Keep Up With Battery Boom”

“Prices have more than doubled in the past year, according to a Benchmark Mineral Intelligence index of lithium carbonate and hydroxide. Demand for the materials used in electric cars and renewable-energy storage has soared and, while miners are seeking to… Continue Reading…

Banking, Cryptocurrencies

“Bitcoin could rise 10 times in price but I just don’t care, says JPMorgan CEO”

“JPMorgan CEO Jamie Dimon said that Bitcoin may rise 10 times in price in the next five years. The long-term Bitcoin critic also warned that it would be foolhardy to borrow money to buy Bitcoin. Recently, the bank moved to… Continue Reading…

Economy

“Food is getting more expensive in the U.S…”

“…Even though beef prices have been rising, farmers and ranchers have been making less money, the White House said. Climate change, labor issues, transportation concerns and other supply chain disruptions have been contributing to the rising costs over the past several… Continue Reading…

Cryptocurrencies

“Coinbase could jump up to 16% after earnings this week, trader says”

“Coinbase shares ended trading at $258.26 on Friday, up about 1%. They climbed an additional 3.8% to $268 in Monday’s premarket trading session. A run to $290 or $300 would be a 12-16% increase from Friday’s closing levels…” https://www.cnbc.com/2021/08/09/buy-disney-coinbase-ahead-of-earnings-this-week-traders-say.html Coinbase… Continue Reading…

Economy

“3 “Strong Buy” Stocks Under $10 That Can Rip Higher”

“Enthusiast Gaming Holdings (EGLX)… Buck’s bullish stance on EGLX is hardly an outlier; in fact, Wall Street’s consensus is slightly more bullish. There are 3 recent Buy reviews on file, making the Strong Buy consensus rating unanimous. The shares are trading… Continue Reading…

Stocks

“Dow rises 250 points amid better-than-expected jobs data, Boeing shares jump”

“The Dow Jones Industrial Average jumped 250 points. The S&P 500 rose 0.3% and the Nasdaq Composite traded near the flatline. Shares of Boeing advanced 4% on optimism about an economic recovery. It looks like gains for the overall market… Continue Reading…

Business

“Best Buy sales jump 36% as consumers splurge on electronics, retailer raises forecast”

“Best Buy said Thursday that sales grew 36% in the fiscal first quarter as shoppers’ stimulus-fueled spending spree includedconsumer electronics. Shares of the company 3.3% in premarket trading after the home electronics and appliance retailer raised its forecast…  Chief Financial Officer… Continue Reading…