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Business

“Big Lots Stock Falls 31%. The Outlook Is ‘Very Concerning,’ Analyst Says.”

“Big Lots stock was sinking Monday as a Loop Capital Markets analyst downgraded shares of the discount furniture retailer following a Bloomberg report that it is seeking new financing options…” https://www.barrons.com/articles/big-lots-stock-downgrade-analyst-196a3ce9?siteid=yhoof2

Precious Metals

“Gold Demand to Hit Record With Central-Bank Buying, WGC Says”

“Overall consumption climbed by about 3% to 4,899 tons last year, supported by strong demand in the opaque over-the-counter market, as well as from sustained central-bank buying, according to the WGC’s full-year report. That’s the highest total figure in data… Continue Reading…

Cryptocurrencies

“History Says This Cryptocurrency Could Soar More Than 120% in 2024”

“…There are a few reasons for this, but the most evident and potent is related to evolving supply and demand dynamics and historical patterns. History doesn’t always repeat itself, but it often rhymes. And if something similar to years past… Continue Reading…

Business, Stocks

“Tesla Poised for 550% [Long Term] Gain, Says Fund Manager Unfazed by Wipeout”

“It’s a tough wager to make right now, after the electric-vehicle maker warned on Wednesday that it will expand at a “notably lower” pace this year, prompting a 12% plunge in the stock. It has now lost some $209 billion… Continue Reading…

Business, Economy, Energy

“Electric cars will never dominate market, says Toyota”

“Electric cars will never account for more than a third of the market and consumers should not be forced to buy them, the boss of Toyota has said. Akio Toyoda, chairman of the world’s biggest carmaker by sales, said that electric… Continue Reading…

Banking

“Cutting interest rates too soon in Europe risks progress against inflation, central bank chief says”

“…Cutting interest rates too soon could threaten Europe’s progress in battling the inflation that has ravaged the economy, the head of the European Central Bank said Wednesday amid widespread speculation that the bank soon will lower rates from record highs. Christine… Continue Reading…

Economy

“Private payrolls added 164,000 in December, beating expectations, ADP says”

“…Private payrolls increased by 164,000 for the month, a substantial rise from the downwardly revised 101,000 in November and better than the 130,000 estimate from the Dow Jones consensus, according to the payrolls processing firm… There were only a few… Continue Reading…

Real Estate

“The US housing market is headed for the largest sales slowdown since 2011, Fannie Mae says”

“…The government-sponsored mortgage finance company forecasted total home sales to slump to just 4.8 million this year, marking the slowest sales environment since 2011. That figure will only improve slightly in 2024, with total home sales expected to hit 4.9… Continue Reading…

Economy

“Private payrolls increased by 103,000 in November, below expectations, ADP says”

“…Companies added just 103,000 workers for the month, slightly below the downwardly revised 106,000 in October and missing the 128,000 Dow Jones estimate. Along with the modest job growth came a 5.6% increase in annual pay, which ADP said was… Continue Reading…

Economy

“99% of Americans will be financially worse-off than they were pre-pandemic by mid-2024, JPMorgan says”

“…”It is likely that only the top 1% of consumers by income will be better off than before the pandemic,” Kolanovic wrote, pointing to the growing signs of credit card and auto loan delinquencies, as well as Chapter 11 filings.… Continue Reading…