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Economy

“For First Time in 26 Years, All U.S. Metros Enjoyed Income Gains”

“Americans in every U.S. metropolitan area experienced economic prosperity in 2018, according to a recent report from the Bureau of Economic Analysis. For the first time in 26 years, no metro area saw per-capita incomes fall that year — the… Continue Reading…

Stocks

“S&P 500 and Nasdaq hit record highs as stocks try for sixth straight day of gains”

“Stocks rose slightly on Wednesday as Wall Street tried to extend its winning streak to six days. However, gains were kept in check as investors digested weak earnings from shipping giant FedEx. The S&P 500 and Nasdaq Composite both hit intraday all-time highs, gaining… Continue Reading…

Business, Stocks

“Uber stock tanks 6% after losing its London operating license: ‘There is a risk that other cities could follow’ (UBER)”

“Uber’s stock was set to sink Monday morning after the ride-hailing firm lost its license to operate in London. The stock was down 6.3% in premarket trading as of 10:30 a.m. in London (5:30 a.m. ET) after the regulator Transport for London… Continue Reading…

Economy, Personal Finance

“10 U.S. Cities Where You Can Rent a One-Bedroom Apartment for $600 or Less”

“Youngstown, Ohio How Much For A One Bedroom? $600 a month Derby, Kansas How Much For A One Bedroom? $599 a month Amarillo, Texas How Much For A One Bedroom? $597.50 a month Conway, Arkansas How Much For A One Bedroom? $555 a month… Continue Reading…

Economy

“The IMF thinks this small South American country will see economic growth of 86% next year”

“Guyana, a country of about 780,000 which shares a border with Brazil, Suriname and Venezuela in the northeast of South America, will see economic growth of 86% in 2020, according to the IMF. That’s up from 4.4% in 2019. Such an explosive expansion of… Continue Reading…

Economy, Investing, Precious Metals

“Gold Seen Cracking $1,600 as Fed Goes for Cut, Cut, Cut, Cut”

“Gold will surge above $1,600 an ounce as the Federal Reserve embarks on a quartet of interest rate cuts to combat slowing U.S. growth… Bullion will benefit as the Fed opts for four, 25 basis point cuts between this month… Continue Reading…

Economy, Stocks

Stock: “Insiders are selling stock like it’s 2007”

“The leaders of Corporate America are cashing in their chips as doubts grow about the sustainability of the longest bull market in American history. Corporate insiders have sold an average of $600 million of stock per day in August, according to TrimTabs… Continue Reading…

Economy

“American retailers already announced 6,000 store closures this year. That’s more than all of last year”

“This year, US retailers have announced that 5,994 stores will close. That number already exceeds last year’s total of 5,864 closure announcements, according to a recent report from Coresight Research. Bankruptcies in the retail sector are piling up and chains… Continue Reading…

Economy, Personal Finance

“Tax refunds so far this year are down by $6 billion from 2018”

“Individual tax refunds this year have been only slightly smaller than last year, but those shortfalls are adding up. At the end of last month, the amount of money the government refunded was $6 billion below this time last year,… Continue Reading…