March 20, 2020
“Jobless claims rose by 70,000 to 281,000 in the week ended March 14, according to Labor Department figures released Thursday. That’s the biggest one-week increase since the aftermath of Hurricane Sandy in 2012. The two western states with the biggest… Continue Reading…
March 18, 2020
“The first, announced mid-morning, is intended to unclog a short-term lending market for what is known as “commercial paper.” Large businesses issue commercial paper, which is essentially the equivalent of an IOU, to raise cash to meet payrolls and cover… Continue Reading…
December 31, 2019
Remember what I wrote yesterday? PENNY STOCK WATCH: INPIXON (INPX) I hope you guys were paying attention. That stock was 8 cents yesterday. It peaked at 12 cents just a few minuets ago. Needless to say my day is going… Continue Reading…
October 17, 2019
“Some 69% of participants in a recent poll said they were taking steps to shore up their finances ahead of a possible downturn, including 44% who said they were spending less money. Some 10%, including 13% of college graduates, are looking for… Continue Reading…
October 14, 2019
“The Federal Reserve Bank of New York added $82.7 billion to the financial system Friday, using the market for repurchase agreements, or repo, to relieve funding pressure in money markets. Banks asked for $21.15 billion in 6-day loans, all of… Continue Reading…
September 5, 2019
“A new survey from TD Ameritrade finds that 52% of parents with children under 18 spent more than they intended to this summer. The average summer debt for those parents is $1,960 this year. That compares with just $563 for… Continue Reading…
September 3, 2019
“The dollar hit a two-year high Tuesday as slowing global growth and more aggressive monetary easing overseas sent investors into the reserve currency. The U.S. Dollar index rose to a high of 99.37, its highest level since May 2017, when… Continue Reading…
August 29, 2019
“The U.S. economy grew at a 2.0% annualized rate in the second quarter of 2019, the Bureau of Economic Analysis reported Thursday in a second estimate of gross domestic product. Thursday’s report revised the preliminary estimate of 2.1% growth released last month… Continue Reading…
August 22, 2019
“Wall Street’s most widely watched gauge of the yield curve’s slope, the spread between the 2-year Treasury note yield and the 10-year inverted Wednesday morning, flashing the clearest signal to date that the U.S. is set to face an economic… Continue Reading…
August 16, 2019
“The yield on U.S. 30-year bond also turned heads on Wall Street during Wednesday’s session as it fell to an all-time low, dropping past its prior record notched in summer 2016. The two historic moves coming in tandem show that… Continue Reading…
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