Stocks on Wall Street raced higher on Friday to snapping a punishing losing streak that had almost ended its bull market. Investors’ optimism over the course of the week was boosted by a slew of…
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A Bear Market Is Near
Investors’ deep pessimism about the health of the global economy and the buying power of the American consumer was evident in market trades last week. U.S. stock futures bounced Friday, one day after continued selling on…
Why High US Inflation Could Spell Danger In Months To Come
With the US inflation rate now at the highest it has been in four decades, after rising 8.5% in March, consumers should brace for resultant economic changes, including rising interest rates, in the months to…
What in the Elon Musk is happening at Twitter?
In case you missed it, the world’s richest man, Tesla CEO Elon Musk, is in the market for a new shiny toy and has set his sights on acquiring none other than public information sharing…
US inflation rose 8.5% in March, a 40-year high
The US inflation rate rose 8.5% in March, the highest increase since 1981, the Bureau of Labor Statistics reported on Tuesday (April 12). The increased inflationary rate follows a surge in the cost of energy…
Amazon Making Big Moves with Stock Split and share buyback
American multinational technology company is again looking to increase shareholder value via stock buyback and stock split initiative. On Wednesday the company announced that it has received approval from its Board of Directors to move…
Here’s why Putin won’t win
No one knows how Vladimir Putin’s invasion of Ukraine will play out (or as people say “what his endgame is”) but one thing’s for sure — predicting his next move and any subsequent impact on…
Facebook Suffers Massive Hit
Facebook’s $232 billion fall sets records for the largest one-day value drop in stock market history. Facebook parent Meta lost more than $232 billion in value Thursday. That’s the biggest one-day drop in value in…
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…
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…
