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Banking, Economy

“Bank of America CEO Brian Moynihan says consumer spending is 20% higher this year than 2019”

“Transaction volumes on customers’ credit and debit cards and over the Zelle payment network has grown by 20% so far this year compared to this point in 2019, Moynihan told CNBC’s Becky Quick Monday on CNBC’s “Squawk Box.” The comparison… Continue Reading…

Stocks

“These energy stocks are expected by Wall Street to rise up to 37% over the next year”

“Expected earnings growth The first shows the 20 largest energy companies in the S&P 1500 by market capitalization, with their consensus earnings estimates among analysts polled by FactSet for calendar 2021 and the following three years, if available. You may… Continue Reading…

Cryptocurrencies

“SpaceX accepts Dogecoin as payment to launch ‘DOGE-1 mission to the Moon’ next year”

“Elon Musk’s SpaceX will launch the “DOGE-1 Mission to the Moon” in the first quarter of 2022, with the company accepting the meme-inspired cryptocurrency as full payment for the lunar payload. Geometric Energy Corporation announced the dogecoin-funded mission on Sunday, which SpaceX’s… Continue Reading…

Cryptocurrencies

“Dogecoin Miners Revenue Up 4,500% This Year”

“ The price of dogecoin has rallied by 7,000% this year, sending miner revenue skywards. The meme-based cryptocurrency reached a record high of 45 cents on April 18 and was last seen changing hands near 32 cents, up nearly 20%… Continue Reading…

Cryptocurrencies

“…dogecoin millionaire’: This 33-year-old invested his savings…”

“After learning about the meme cryptocurrency on Reddit, Contessoto says he invested over $180,000 in dogecoin on Feb. 5, when it was priced at about 4.5 cents. Contessoto was intrigued by dogecoin for a few reasons. For one, he loved… Continue Reading…

Business

“Schwab adds 3.2 million new brokerage accounts in first quarter – more than all of 2020”

“Retail investing behemoth Charles Schwab added more clients in the first three months of 2021 than in all of 2020. Schwab added a record 3.2 million new clients in the first quarter of 2021. The firm added about 2.4 million… Continue Reading…

Stocks

“29 Big Stocks Are Doing Better Now Than Tesla Did A Year Ago”

“‘Tesla-Size’ Gains S&P 500 stocks rising more this year so far than Tesla’s 37% 2020 gain at this point last year Company Ticker Friday’s Close (April 9) YTD Stock % Ch. Sector L Brands (LB) 66.72 79.4% Consumer Discretionary Marathon… Continue Reading…

Cryptocurrencies

“Bitcoin ETF coming ‘in a year or two,’ analyst says as SEC mulls applications”

“The Securities and Exchange Commission formally acknowledged a bitcoin ETF proposal from VanEck just two weeks ago, starting the countdown on its 45-day approval timeline. But seeing a bitcoin ETF approved in the next 30 days isn’t that likely, according to Todd Rosenbluth, head… Continue Reading…

Economy

“Weekly jobless claims tumble to lowest level in more than a year”

“First-time claims for unemployment insurance unexpectedly fell sharply last week amid signs that hiring has picked up in the U.S. economy, the Labor Department reported Thursday. Claims totaled 684,000 for the week ended March 20, the first time the number… Continue Reading…

Economy

“Goldman Sachs predicts U.S. economy will grow 8% this year”

“Economists at Goldman Sachs raised their GDP growth expectations for the U.S. economy to 8% for 2021 in a note to clients on Sunday night… What they’re saying: “We have raised our GDP forecast to reflect the latest fiscal policy news… Continue Reading…