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U.S. Equities Near Record Highs As Investors Parse Mixed Economic Signals Ahead Of Key Inflation Report

U.S. Equities Near Record Highs As Investors Parse Mixed Economic Signals Ahead Of Key Inflation Report

Image Source: Pixabay On Tuesday, U.S. stock markets edged closer to all-time highs, with the S&P 500 increasing by nearly 0.5%, the Dow Jones Industrial Average advancing by 126 points, and the Nasdaq Composite climbing by 0.7%. A notable rise in Tesla shares, which surged 3.4%, contributed significantly to the upbeat market sentiment. This positive momentum […]
Dow, Nasdaq Bounce Back With Triple Digit Wins

Dow, Nasdaq Bounce Back With Triple Digit Wins

Stocks got back to their winning ways today, with the Dow and Nasdaq securing triple-digit pops, the latter logging a record close. After some midday waves that followed the hotter-than-expected producer price index (PPI), Wall Street eventually found its sea legs thanks to the downwardly revised wholesale prices reading. Now, investors shift their focus to the […]
Canoo Q1 Earnings: Up To $100 Million In Revenue Expected In 2024

Canoo Q1 Earnings: Up To $100 Million In Revenue Expected In 2024

Image Source: Unsplash Canoo Inc (Nasdaq: GOEV) is trading down in extended hours on Tuesday after reporting disappointing financial results for its first quarter. Canoo reiterates guidance for 2024 Investors are concerned because the future guidance failed to impress as well. $GOEV continues to see its annual revenue coming in the range of $50 million and […]
Market Talk – Tuesday, May 14

Market Talk – Tuesday, May 14

ASIA:The major Asian stock markets had a mixed day today: NIKKEI 225 increased 176.60 points or 0.46% to 38,356.06 Shanghai decreased 2.25 points or -0.07% to 3,145.77 Hang Seng decreased 41.35 points or -0.22% to 19,073.71 ASX 200 decreased 23.20 points or -0.30% to 7,726.80 Kospi increased 3.13 points or 0.11% to 2,730.34 SENSEX increased […]
Promising Long-Term Gold Price Formations

Promising Long-Term Gold Price Formations

Image Source: Pixabay I no longer track gold prices as I did in the past. But when I see such promising long-term price formations, I think it is worth paying close attention. The chart patterns speak for themselves. Spot Gold Price in U.S. Dollars Spot Gold Price vs. U.S. CPI AUC More By This Author:Share Price Of […]
Lending Without Saving Brings Recession And Poverty

Lending Without Saving Brings Recession And Poverty

Image Source: Pixabay Popular thinking says that lending is banking activity. Banks are believed to be responsible for the expansion of credit. However, is this the case? The Meaning of Credit For instance, take a farmer, Joe, who produced two kilograms of potatoes. For his own consumption, he requires one kilogram, and the rest he decides […]
3 Interesting Picks Amid A New Meme Stock Craze

3 Interesting Picks Amid A New Meme Stock Craze

Image courtesy of 123rf.com Reminiscing about the late 2020 period, the market is seeing a resurgence of meme stock trading. And once again, GameStop (NYSE: GME) is the leader, with an astronomical 377% resurgence over one month. In January 2021, GME shares went up from $4.3 to $86.88 per share.This time around, since May 1st, GME stock has […]
Small Businesses Sit Out Growth

Small Businesses Sit Out Growth

Earlier in the day on 5/14, the NFIB published the results of its latest survey of Small Business Optimism. While economists expected a modest decline, the index rebounded from 88.5 in March to 89.7 in April. As shown below, albeit higher month over month, current levels of small business optimism remain historically depressed, even lower […]
Big Money Buying Up Our Homes Is “Never Going To Stop”

Big Money Buying Up Our Homes Is “Never Going To Stop”

Image Source: Pexels Many of the recent housing analysts I’ve talked with, like in last week’s excellent interview with mortgage expert Melody Wright, see tougher times ahead for the real estate market.So for further context, I thought it would be helpful to get a true “boots on the ground” view from one of America’s more successful […]
FTSE – Upbeat Wage Data Offset By Mixed Corporate Updates

FTSE – Upbeat Wage Data Offset By Mixed Corporate Updates

Image Source: Pexels On Tuesday, the London stock market saw an increase, with the personal goods sector leading the way, as employment market data revealed stronger-than-expected wage growth. However, a mix of corporate updates tempered investor optimism. The FTSE 100 benchmark index rose by 0.2%. Huw Pill, the Chief Economist of the Bank of England, stated […]