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Economy

“As energy prices rise, your heating bill is likely to jump by as much as 69%: Here’s what to expect”

“…Consumers who use natural gas as their primary heating fuel, about 47%  of U.S. households, can expect to spend 30% more this winter as they did last year, according to government estimates. The estimated average bill of $746 factors in… Continue Reading…

Stocks

“Stocks Wobble, Oil Prices Rise Despite Release of Crude”

“The S&P 500 fell 0.1% as of 10:15 a.m. Eastern. The Dow Jones Industrial Average rose 33 points, or 0.1%, to 35,657 and the Nasdaq fell 0.5%. Bond yields edged higher. The yield on the 10-year Treasury rose to 1.65%… Continue Reading…

Economy

“Jobless claims: Another 268,000 individuals filed new unemployment claims last week”

“…The Labor Department released its jobless claims report Thursday. Here were the main metrics from the print, compared to consensus estimates compiled by Bloomberg: Initial unemployment claims, week ended November 13: 268,000 vs. 260,000 expected and an upwardly revised 269,000 during prior week … Continue Reading…

Economy

“Job creation roars back in October as payrolls rise by 531,000”

“The U.S. job market snapped back in October, with nonfarm payrolls rising more than expected while the unemployment rate fell to 4.6%, the Labor Department reported Friday. Nonfarm payrolls increased by 531,000 for the month, compared with the Dow Jones… Continue Reading…

Precious Metals

“Goldman Sachs Forecast: Gold Price Rise To $2k By End of Year”

“EDITOR NOTE: Yet another major financial player is bullish about the gold price forecast in the near future. Analysts from Goldman Sachs say that they “See XAU/USD moderately higher amid a weaker USD and emerging market demand recovery.” They also… Continue Reading…

Stocks

“QuantumScape Stock Isn’t a Buy, but Shares Could Rise Almost 70%. What Gives?”

“J.P. Morgan analyst Jose Asumendi is the latest Street analyst to recommend caution. Wednesday, he launched coverage of QuantumScape (ticker: QS) with a Hold rating on its stock and a $35 price target. It’s a lukewarm rating. Still, QuantumScape stock is having a fine… Continue Reading…

Stocks

“3 Stocks that Could Benefit if Interest Rates Rise Higher”

“Goldman Sachs… According to TipRanks’ stock analysis, GS receives a Smart Score of 9, meaning the stock is likely to Outperform. The Smart Score is derived from 8 unique data sets, including Analyst recommendations, Crowd Wisdom, Hedge Fund Activity, Media Sentiment… 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…

Economy

“Oil And Gas Bankruptcies Jump Despite Rise In Crude Prices”

“The oil and gas sector is currently enjoying a mini-boom cycle as economies gradually re-open and oil demand begins to return to a semblance of normalcy. The oil markets are in an upbeat mood once again, with oil futures trading… Continue Reading…

Economy

“Job openings rise, layoffs fall as pandemic economy mends”

“Hiring actually began to pick up in February, according to last Friday’s jobs report, which showed that employers added 379,000 jobs, the most since October, while the unemployment rate fell to 6.2%, from 6.3%. While the economy still has 9.5… Continue Reading…