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Banking, Economy

“Turkey’s Central Bank intervenes as currency hits record low”

December 13, 2021

“The Turkish currency dipped to an all-time low Monday amid another anticipated interest rate cut later this week and after the S&P credit rating agency downgraded its outlook for Turkey. The Turkish lira plummeted to 14.75 against the U.S. dollar, prompting Turkey’s… Continue Reading…

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Stocks

“CEOs And Corporate Insiders Have Sold A Record $69 Billion In Stock In 2021”

December 10, 2021

“EDITOR’S NOTE: If you are looking to spot trends in the stock market, following what “CEOs and corporate insiders” do is a good place to start. In 2021, these finance mavens are having a fire sale and taking as much… Continue Reading…

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Economy

“…A record number of Americans say they won’t be buying holiday gifts this year”

November 26, 2021

“The rising prices for fuel, grocery items and other goods are weighing on many shoppers’ minds. Consumer confidence hit a 10-year low in November, according to the University of Michigan Consumer Sentiment Index, as inflation climbed to the highest levels since… Continue Reading…

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Economy

“A record number of Americans quit their jobs in September”

November 15, 2021

“…A record 4.4 million Americans quit their jobs in September as the sheer volume of available jobs is empowering workers to have their pick.Workers are quitting in search for better pay or better jobs, representing a fundamental shift in America’s labor market…. The… Continue Reading…

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Business

“$283,927,000,000: Federal Tax Collections Set Record in October”

November 11, 2021

“(CNSNews.com) – The federal government, according to the Monthly Treasury Statement, collected a record $283,927,000,000 in total taxes in October, which was the first month of fiscal 2022. Federal spending hit $448,983,000,000 in October, which was the second highest ever for… Continue Reading…

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Business

“Enphase Energy jumps 20% following record quarterly revenue, but supply chain woes remain”

October 27, 2021

“Shares of Enphase Energy surged 23% at the opening bell on Wednesday after the company reported record revenue during the third quarter, despite ongoing headwinds from supply chain bottlenecks. The company, which makes microinverters and backup energy storage for solar systems, posted… Continue Reading…

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Business, Stocks

“AutoNation shares hit new all-time high after reporting record quarterly earnings”

October 21, 2021

“…Shares of the Florida-based dealership group jumped by as much as 12% Thursday morning before retreating to about $124 a share, up by about 6%. AutoNation’s stock is up by nearly 70% so far this year. The company reported adjusted… Continue Reading…

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Economy, Personal Finance

“The wealthiest 10% of Americans own a record 89% of all U.S. stocks”

October 18, 2021

“The wealthiest 10% of Americans now own 89% of all U.S. stocks, a record high that highlights the stock market’s role in increasing wealth inequality. The top 1% gained over $6.5 trillion in corporate equities and mutual fund wealth during the Covid-19… Continue Reading…

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Economy

“Producer inflation accelerated in August, as wholesale prices rose record 8.3% from a year ago”

October 14, 2021

“The producer price index rose 0.7% for the month, above the 0.6% Dow Jones estimate, though below the 1% increase in July. On a year-over-year basis, the gauge rose 8.3%, which is the biggest annual increase since records have been… Continue Reading…

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Economy

“A record 4.3 million workers quit their jobs in August, led by food and retail industries”

October 14, 2021

“Quits hit a new series high going back to December 2000, as 4.3 million workers left their jobs. The quits rate rose to 2.9%, an increase of 242,000 from the previous month, which saw a rate of 2.7%, according to… Continue Reading…

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