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Economy

“…Wharton professor sees $34 trillion debt triggering 2025 meltdown as mortgage rates spike above 7%: ‘It could derail the next administration’”

March 7, 2024

“…Gomes predicts America’s $34 trillion debt burden may upset the world’s financial markets as early as next year—should a president-elect announce a raft of expensive policies. And remember the UK’s mortgage meltdown following a disastrous premiership under Prime Minister Liz… Continue Reading…

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Stocks

“Meme Traders Fuel 2,650% Spike in Battered Holographic-Tech Company”

February 16, 2024

“A battered Chinese company that’s developing holographic technology captured the attention of the meme stock crowd. The prize: a 2,650% jump. MicroCloud Hologram Inc. soared as high as $41.53 Thursday from a $1.50 record low earlier this week, with more… Continue Reading…

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Stocks

“Wise shares spike 18% as higher interest rates help fintech triple profits”

June 27, 2023

“Online money transfer firm Wise’s shares soared nearly 18% Tuesday as the company reported a spike in profits thanks to rising interest income. The company said in a statement to the stock market that its profit before tax tripled to £146.5 million… Continue Reading…

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Real Estate

“Home sales spike 14.5% in February as the median price drops for the first time in over a decade…”

March 21, 2023

“Sales of previously owned homes rose 14.5% in February compared with January, according to a seasonally adjusted count by the National Association of Realtors. That put sales at an annualized rate of 4.58 million units. It was the first monthly… Continue Reading…

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Economy

“Media layoffs spike amid recession fears”

November 22, 2022

“The media industry is getting hit by sizable rounds of layoffs and cost-cutting measures as the ad market continues to show signs of a serious slowdown. Why it matters: For many companies, the challenges are similar to the early onset of the… Continue Reading…

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Economy, Energy

“Get Ready for Another Energy Price Spike: High Electric Bills”

May 3, 2022

“…Already frustrated and angry about high gasoline prices, many Americans are being hit by rapidly rising electricity bills, compounding inflation’s financial toll on people and businesses. The national average residential electricity rate was up 8 percent in January from a… Continue Reading…

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Economy

“Dogecoin spikes over 20% after Elon Musk says Tesla will accept it as payment for merch”

December 14, 2021

“ Dogecoin skyrocketed more than 20% Tuesday morning after Elon Musk said Tesla would accept it as payment for some merchandise. Musk has frequently talked up dogecoin, calling it his favorite digital coin and mentioning it in an appearance on… Continue Reading…

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Economy

“Saudi Arabia Warns Energy Transition Will Cause Oil-Price Spikes”

December 13, 2021

“Saudi Arabia’s finance minister echoed warnings from the kingdom’s oil officials that a slowdown in fossil-fuel investment globally will cause spikes in energy prices… “We have very serious concerns that the world could run short of energy if we are… Continue Reading…

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Stocks

“Goldman Sachs: These 3 Stocks Could Spike Over 60%”

July 19, 2021

“Ambrx Biopharma (AMAM)… This new biopharma stock has a Strong Buy rating from the analyst consensus, based on 3 positive reviews so far. The shares are priced at $19.56 and their $39.50 average target suggests room for an upside of 101%… Continue Reading…

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Stocks

“JPMorgan: These 3 Stocks Could Spike at Least 70% From Current Levels”

June 29, 2021

“Day One Biopharmaceuticals (DAWN)… Overall, there is broad agreement on Wall Street with Rama’s view, as indicated by the unanimous Strong Buy consensus rating, supported by 4 recent positive reviews. Shares in DAWN are selling for $20.11 and their $37.33 average… Continue Reading…

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