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Economy

“U.S. Household Debt Exceeds $14 Trillion for the First Time”

“Total U.S. household debt rose by $601 billion in the fourth quarter from a year earlier, or 1.4%, surpassing $14 trillion for the first time, the New York Fed’s quarterly household credit and debt report showed. That’s $1.5 trillion above… Continue Reading…

Economy

Record Economic Optimism: Highest In 44 Years

“Economic optimism has reached a 44-year high and economic gloom a record low under President Trump in the latest survey that shows people in the United States are cheering their best personal economy in decades. For the first time in… Continue Reading…

Business

“Coca-Cola Stock Hits All-Time High After Strong Quarter”

“Dow component The Coca-Cola Company (KO) posted an all-time high above $59 on Friday, one day after the beverage giant filed a solid fourth quarter 2019 report that exceeded conservative revenue estimates. Revenue grew an impressive 28.2% year over year,… Continue Reading…

Business

“Apple delivers best-ever quarter, powered by iPhones, services”

“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…

Business, Stocks

“Tesla Tops $100 Billion as Record Run Lifts Market Value Past Volkswagen”

“After topping the combined value of Ford and GM earlier this month, Tesla is set to overtake Volkswagen as the second most-valuable carmaker in the world as a record run in shares lifts Elon Musk’s company past the $100 billion… Continue Reading…

Stocks

“Stocks close at records after strong data, earnings”

“The S&P 500 was up nearly 2% for the week. The Dow rose 1.8%, and the Nasdaq climbed 2.3% on a weekly basis. Here’s where the markets settled at the end of regular equity trading: S&P 500 (^GSPC): +0.39% or… Continue Reading…

Banking, Economy

“$1,163,090,000,000: Federal Spending Sets Record Through December”

“The federal government spent a record $1,163,090,000,000 in the first three months of fiscal 2020 (October through December), according to the Monthly Treasury Statement released Monday afternoon. That was up $48,008,200,000 from the $1,115,081,800,000 (in constant December 2019 dollars) that the… Continue Reading…

Stocks

“Stocks rise, lifting Nasdaq to a record…”

“The Dow Jones Industrial Average gained 161.41 points, or 0.6% to close at 28,745.09. The Nasdaq Composite advanced 0.7% to 9,129.24 and notched intraday and closing records. The S&P 500 climbed 0.5% to 3,253.05and hit an intraday all-time high. The Dow was up as much as… Continue Reading…

Stocks

“Stocks trade near records as new year kicks off”

“The Dow Jones Industrial Average DJIA, +0.58%  rose about 116 points or 0.4%, to 28,654, while the S&P 500 SPX, +0.43%   was 14 points, 0.4%, higher, to touch 3,244. The Nasdaq COMP, +0.73%  jumped 65 points, 0.7%, to touch 9,038. …The S&P 500 SPX, +0.43% gained 28.9% and the Nasdaq Composite COMP, +0.73%,… Continue Reading…

Economy

“Saturday shopping set a single-day sales record, analyst says”

“Holiday shopping set records over the weekend, with Super Saturday sales reaching $34.4 billion, the biggest single day in U.S. retail history, according to Customer Growth Partners… … As retailers offer improved web platforms, online spending so far this season has… Continue Reading…