Inflation rising rates and the federal reserve could whip stocks around in the week ahead
The bond market could again set the course for the week ahead after rapidly rising interest rates gave stocks a choppy start to the new year. In the coming week, key inflation reports are expected, and Federal Reserve Chairman Jerome Powell is slated to testify Tuesday at his nomination hearing before a Senate panel, while […]
Welcome back from your Staycation
It’s time to make money. The markets enter the New Year in a great mood. Strategists are rocking 5,000-plus calls for year-end S&P 500 targets. What pandemic (said tongue-in-cheek)? Profit estimates by analysts remain on an uptrend as if to laugh at the real threats of stubborn inflation. Stock valuations are well above historical norms […]
Apple has become the world’s first $3 Trillion Company
New York (CNN Business)-Apple has reached yet another major milestone. The iPhone maker topped a market value of $3 trillion Monday — the first publicly-traded company ever to be worth that much. Shares of Apple (AAPL) were briefly up about 3% to a new all-time high of $182.88, surpassing the $182.85 per share it needed […]
Lessons from Last week’s Market Sell-off
The S&P 500 pulled back in what was a very volatile week, as investors attempted to price in the potential impact of the Omicron COVID variant and commentary from Federal Reserve Chair Jerome Powell that “the risk of higher inflation has increased.” As a result of this updated view, Powell added that the Fed may […]
US Inflation rate rose to 6.8% in 2021, the highest increase since 1982
The US inflation rate rose 6.8% over the last year, the highest increase since 1982, the Bureau of Labor Statistics reported Friday morning. Inflation rose 0.8% in November after rising 0.9% in October. Price increases were seen across many sectors, including gas, food, and housing. This is the sixth month in a row the US is seeing […]
Money Strategies to leave in 2021
As the year draws to a close you may find yourself reflecting on some of the decisions you made in 2021. As you look back on a year that was no doubt riddled with highs and lows it’s also important to evaluate your choices and note the ones which worked for you. Many of these […]
Money Strategies to pick up in 2022
With the new year comes new opportunities to get your finances back on track. But it’s not something that will happen by chance, consumers will have to make a deliberate effort to achieve their goals. The strategic effort is necessary now more than ever as the novel coronavirus has changed the economic landscape around the […]
Stock tumble as fears over new covid-19 variant grip global market
Wall Street was in a frenzy on Black Friday as stocks around the world tumbled in the face of a new Covid-19 variant. US equities took a dive at the open and continued their downward path, resulting in a terrible day for the stock market and the worst day for the Dow in over a […]
Retail Recovery blazing amid Inflation Logistics Worry
Despite consumer confidence being at a 10 year low, data show that Americans are still in the shopping mood especially as the holiday season approaches. The Commerce Department reported recently that retail sales went up by 1.7 per cent in October with signs of an even greater uptick on the horizon. Analysts have suggested that […]
Is the Future Electric?
As the world transitions to cleaner forms of energy, corporations are also changing their business models to align with the new direction. For many businesses in the auto industry, this means a shift from combustion engines to electric-powered vehicles or a hybrid at the very least. Electric vehicles or EVs have grown in popularity over […]