Stocks

“Market rally picks up steam with the Dow jumping 550 points”

“The Dow Jones Industrial Average rose 550 points, while the S&P 500 jumped 1.5% as all 11 sectors traded in the green. The tech-heavy Nasdaq Composite also popped 1.5% as Apple and Microsoft both rebounded more than 2%. Alphabet and… Continue Reading…

Economy

“Lumber prices are up 232% and ‘could spiral out of control in the next few months’”

“Last week the price per thousand board feet of lumber soared to an all-time high of $1,188, according to Random Lengths. Since the onset of the pandemic, lumber has shot up a whopping 232%. Home builders and DIYers don’t want… 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, Economy

“Boat sales took off… now dealers can’t keep up with demand”

“Boat sales skyrocketed last year… as more Americans turned to the lifestyle amid more flexible work environments that allowed people to spend extra time enjoying the outdoors. Sales of boats, marine products and services across the country leaped to a… Continue Reading…

Cryptocurrencies, Predictions, Opinions, & Comments

Cryptocurrency: Dogecoin Way Up

This is one of the cryptocurrencies I’m invested in. You can buy it on Robinhood which is the online broker I use. Anyway over the last few weeks the thing has went way up. The amount I had invested has… Continue Reading…

Business

“Walmart’s Stock Up 28% in 2020, and Two More Numbers to Know”

“Walmart’s Stock Gains 28% in 2020… Walmart has been one of 2020’s biggest non-tech winners. While many local competitors were forced to close during the spring lockdowns, Walmart’s megastores were allowed to remain open because they sell groceries and often… Continue Reading…

Business

“Comcast nets record high-speed internet adds, has nearly 22 million Peacock sign-ups”

“Comcast on Thursday reported third-quarter earnings that beat analyst estimates on the top and bottom lines… Here are the key numbers: Earnings per share: 65 cents, adjusted vs.52 cents expected, according to Refinitiv survey of analysts Revenue: $25.53 billion vs. $24.74 billion expected,… Continue Reading…

Stocks

“Why Hertz Global’s Stock Is Up 90%”

“Hertz Global (NYSE: HTZ) shares are trading higher on Friday after the company announced it secured commitments of $1.65 billion in debtor-in-possession financing… Hertz Global shares traded up 97.57% to $2.04 on Friday. The stock has a 52-week high of $20.85 and… Continue Reading…

Stocks

“IPO shares are up a surprising 60% this year with big debuts expected”

“No one would have believed this even three months ago, but this may turn out to be the biggest year for IPOs since Alibaba went public in 2014. Already, 111 companies have raised $37.8 billion, according to Renaissance Capital. In 2014,… Continue Reading…

Economy

“US retail sales up a record 17.7% in a partial rebound”

“U.S. retail sales jumped by a record 17.7% from April to May, with spending partially rebounding… The government’s report Tuesday showed that retail sales have retraced some of the record-setting month-to-month plunges of March (8.3%) and April (14.7%) as businesses… Continue Reading…