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Banking, Economy

“BofA warns hot inflation might run rampant for another 10 years…”

“Despite the U.S. Federal Reserve’s aggressive rate hikes — including four consecutive hikes of 75 basis points — inflation is still running hot. Consumer prices in the U.S. climbed 0.4% in October and were up 7.7% from a year ago.… Continue Reading…

Stocks

“3 Monster Growth Stocks With More Room to Run”

“Full House Resorts (FLL)… Overall, it’s clear that Wall Street agrees with Sigdahl here – FLL shares have 3 recent reviews, all are to Buy, and the analyst consensus rating is a Strong Buy. The shares are priced at $9.50, with… Continue Reading…

Stocks

“Analysts Say ‘Buy the Pullback’ in These 3 Stocks”

“Iovance Biotherapeutics (IOVA)… The cutting edge med tech has attracted attention from Pantginis’ colleagues, as well. The stock has 5 recent reviews, and all are to Buy, making for a unanimous Strong Buy analyst consensus rating. IOVA has an average… Continue Reading…

Stocks

“3 Monster Growth Stocks That Still Have Room to Run”

“Bandwidth, Inc. (BAND)… Overall, BAND gets a Moderate Buy rating form the analyst consensus, based on 5 reviews, including 4 Buys and 1 Sell. The shares are priced at $150.50, and the average price target of $192.20 implies a one-year upside… Continue Reading…

Banking, Economy

“Spending and Deficit Set All-Time Records: Feds Spent $3.3 Trillion Through April While Running $1.48 Trillion Deficit”

“The federal government has spent more money and run a larger deficit in the first seven months of fiscal 2020 (October through April) than in any previous year, according to the data published today in the Monthly Treasury Statement. In fact,… Continue Reading…

Banking

“Repo Market BREAKS As Dealers Run Out Of Securities To Use For Fed Funds”

“Two weeks ago, just after the Fed first announced its massive overnight and term repo operation expansion which now amounts to some $1 trillion in daily repo capacity (and before Powell expanded this bazooka to included ZIRP and unlimited QE),… Continue Reading…

Economy, Personal Finance

“Nearly 1 in 3 American workers run out of money before payday—even those earning over $100,000”

“…For about a third of Americans, this is a regular financial stress, with 32% running out of money before their next paycheck hits, according to a new survey fielded by Salary Finance of over 2,700 U.S. adults working at companies with over… 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…

Economy, Stocks

“Man who made a killing during financial crisis says that, at some point, the stock market will slow down — but, till then, ‘I love riding a horse that’s running’”

“Tepper’s bull thesis appears to be the equivalent of the oft-used Wall Street investing mantra: Don’t fight the tape. He tells CNBC that “at some point, the market will get to a level that I will slow down that horse and… Continue Reading…

Economy

“Feds Collect Record Taxes Through November; But Still Run $343.3 Billion Deficit…”

“The federal government collected record total tax revenues of $470,706,000,000 in October and November, the first two months of fiscal 2020, according to the Monthly Treasury Statement released today. Despite collecting that record amount in taxes, however, the federal government still… Continue Reading…