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Fed Orders Biggest Rate Hike In More Than Twenty Years
On Wednesday, this week, the Federal Reserve Bank issued the largest interest rate hike in at least the last twenty years in an effort to combat skyrocketing inflation. As part of its anti-inflation campaign, the central bank increased... More of this article »
Stock Market Hits 83-Year Low
The Standard & Poors 500 Index plummeted 13 percent from January to April of 2022. This is the worst opening third-of-the-year for the stock index since 1939. Of course, trying to compare the stock market of today with one from... More of this article »
US 10-Year Treasury Bond Yield Jumps to 3 Percent For the First Time in Nearly Four Years
For the first time since December of 2018, the yield on US 10-year Treasury notes has hit 3 percent. This concern comes on growing concerns that the Federal Reserve will raise interest rates, again, which will exacerbate already... More of this article »
Despite Some Increases in Spending, Consumer Confidence is Down
As the world attempts to return to something that resembles “normal,” the biggest corporations in the world are raising prices to make up for losses during the pandemic. Whether these price spikes are caused by inflation or some... More of this article »
New Private Payroll Numbers Fails to Meet Analyst Estimates
With the US economy reeling from pandemic stressors—most notably escalating inflation—the job market is also having trouble finding some stability. According to recent data from April, private employers in the United States hired... More of this article »
Apple Shares Down Even on Promising YOY Revenue
On Thursday, this week, Apple announced financial results for second quarter of the fiscal year 2022. This quarter ended on March 26, and the report indicates the tech company saw revenue up 9 percent year-over-year, to $97.3 billion.... More of this article »
Tesla Stock Plummets On Musk’s Twitter Acquisition Announcement
The stock value of Tesla Inc hit a major stumble, this week, as its valuation slipped 12 percent on Tuesday on investor concern that the acquisition of Twitter could lead Elon Musk to sell off his Tesla shares in the $44 billion deal. ... More of this article »
Stocks Tumble Among Wall Street Recession Fears
US stocks took a bit of a tumble on Tuesday, this week, with technology losses leading the way to further complicate the tough start to this year. Specifically, the Dow Jones Industrial Average closed down 809 points, on Tuesday,... More of this article »
Just How Much Has Pandemic Recovery in the US Slowed?
Investors in the United States anticipate a big week of new economic data, including the first numbers on nationwide economic growth for the first quarter of the year, ending in March. Of course, inflation numbers will also be included... More of this article »
Low Mortgage Rates Can’t Slow the Housing Bubble
People who presently own a home in the US may have a lot to look forward to as interest rates in America are among the most affordable they’ve been in a long time. The most recent data from Black Knight suggests that approximately... More of this article »
Bitcoin Makes Substantial Recovery After 6-Week Low
Following a broad price swing last week, Bitcoin started off the final week of April with its lowest point in roughly six weeks. Early in the day, on Monday, the world’s largest cryptocurrency market started up 1.3 percent from... More of this article »
Coca-Cola Beats Wall Street Estimates With 16% Revenue Jump
Sales at beverage giant Coca-Cola surged as much as 16 percent during the first quarter of the year as consumer activity at music venues, sports stadiums, and movie theatres all took a step back to normalcy. The sales boost has helped... More of this article »
Bank of America Analysts Warn Inflation Concerns Will Only Worsen
Analysts at Bank of America have warned, this week, that high inflation should be a concern to all, as it may pose a fair threat to the economic recovery efforts that began two years ago. According to Bank of America chief investment... More of this article »