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Economy

“U.S. consumer prices jump 6.2% in October, the biggest inflation surge in more than 30 years”

“The consumer price index, which is a basket of products ranging from gasoline and health care to groceries and rents, rose 6.2% from a year ago, the most since December 1990. That compared with the 5.9% Dow Jones estimate. On… Continue Reading…

Business

“BP posts $3.3 billion third-quarter profit, beating estimates as oil prices surge”

“Oil and gas giant BP beat third-quarter earnings expectations on Tuesday, fueled by surging energy prices. The British energy major posted an underlying replacement cost profit, a proxy for net profit, of $3.3 billion for the third quarter, above analyst estimates of… Continue Reading…

Economy

“Job openings surge above 10 million for first time ever, Labor Department says”

“There were 10.1 million open jobs on the final day of June, the report said, up from 9.2 million in May. Economist polled by Dow Jones were expecting 9.1 million openings. The jump came as the quits rate increased while… Continue Reading…

Business, Economy

“One corner of the auto market is hitting records as used car prices surge”

“A global chip shortage has put the squeeze on car production and driven the price of used cars higher. Used car and truck prices rose by more than 45% in June, according to the most recent read on inflation. That looks to have had a… Continue Reading…

Stocks

“Intellia Stock Could Surge 35-45% After Positive Gene Editing Data, Says Analyst”

“On Saturday, the company released interim data from the Phase 1 trial of its collaboration with Regeneron on an experimental therapy for transthyretin amyloidosis (ATTR) – a protein misfolding disorder… While it is still early days, Issi calls the data… Continue Reading…

Cryptocurrencies

“Dogecoin is surging another 20% and is now approaching 70 cents per coin”

“Dogecoin was soaring again on Wednesday morning, surging 20% as the cryptocurrency continued to benefit from speculative trading. The digital coin based on a Shiba Inu meme was trading at about 67 cents, up about 21% for the day. It broke above… Continue Reading…

Economy

“Economic Growth Is Set to Surge. Hiring Might Not Keep Up.”

“U.S. employers might have trouble hiring workers fast enough in coming months to keep up with the projected burst of economic growth. Consumer spending at restaurants, hotels and salons is already starting to take off as the grip of the Covid-19 pandemic eases and… Continue Reading…

Business

“GM car prices surge as more plants close during the chip shortage”

“General Motors is temporarily shutting down more auto plants, leading to tight inventories at dealerships and higher prices for customers. The global chip shortage is to blame.The company announced it would shut production at two US plants — in Spring… Continue Reading…

Stocks

“Raymond James: These 3 Stocks Are Poised to Surge by at Least 50%”

“Orasure Technologies (OSUR)… A solid reputation in the field, and clear path forward are sure to attract positive sentiment – and three Wall Street analysts have put Buy ratings on Orasure, making the analyst consensus a Strong Buy. Shares are priced… Continue Reading…

Cryptocurrencies, Predictions, Opinions, & Comments

“Dogecoin Surges 77% as Retail Fever Pitch Stretches Into Crypto”

“Dogecoin, a digital coin started as a joke, soared as much as 77% since 11:04 a.m. Hong Kong time, according to data from cryptocurrency tracker CoinGecko. Over the past 24 hours, it’s up 42% to $0.01129497… Users on the Reddit… Continue Reading…