Month: October 2020

September’s report for United States Consumer Spending is in and a fifth straight increase on spending on goods and services gives credence to a historic rebound for the third quarter. With an increase over the previous month of 1.4% it grew more than the August increase of 1.1% and was the fifth straight month of
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The Fed is starting to see some pressure when it comes to the economy and there’s a whole lot of questions still circling. In fact, people are starting to wonder whether they’re ever going to act and they’re definitely waiting for the help. The single-quarter showed a record of growth and inflation is still up
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Cryptocurrencies have been on a roll as focus in the investment community shifts to alternative investments, amid the uncertainty that has clobbered mainstream investments. Bitcoin has been one of the best performing digital currencies, attributed to institutional investors betting on the flagship cryptocurrency long-term prospects. MicroStrategy is one of the firms that have seen its
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Two social media groups that have been in a slow growth cycle for awhile now appear to be getting people to spend more time on their apps instead of Facebook. Both Pinterest Inc. and Snap Inc., who respectively operate the Pinterest and Snapchat apps, have been having a fairly slow year but they may be
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Blockchain and cryptocurrency popularity continues to grow by the day, given the benefits the two continue to offer in the fast-paced digital economy. Mainstream companies coming to terms and accepting the two technologies all but explain their increased adoption and popularity. New Zealand and China are the latest countries to take note of Blockchain technology
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Activities in the U.S real estate industry are heating up even as the country battles its biggest economic contraction in recent years owing to the COVID-19 pandemic. As investors use the opportunity to buy highly discounted properties, some companies have resorted to constructing new ones as others relocate to new office spaces. Likewise, some companies
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The bond market has taken a significant beating in the wake of the Federal Reserve cutting interest rates to record lows. With the central bank unlikely to raise interest rates anytime soon, things do not look good for the once-booming sector. Proposed regulatory changes now threaten to compound woes in the ailing housing-bond market. Housing
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AstraZeneca plc. (NASDAQ:AZN) is closing in on a safe and effective COVID-19 vaccine after suffering a major blow in September. The company was forced to halt the development of the much-needed vaccine after one of the participants in the trials developed a neurological condition. Fast forward, the drug maker says its candidate vaccine has the
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As cases continue to rise, hitting record numbers in many parts of the country and around the world, the stock market is taking a hard hit. The Dow Jones closed down 2.29% or 650.19 points, hitting near record lows for the pandemic. The market closed at 27,685.38. The NASDAQ also closed down, 1.64% to finish
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The period of a calm American market may be coming to an end and investors are waving the flags of defeat as they start to change their strategies for the rest of the year. With the presidential election coming up in just over a week and and numbers of coronavirus cases exploding across the country
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The United States’ poor job at handling the coronavirus outbreak during the spring, summer, and fall may have consequences way beyond the lifespan of the virus pandemic period according to Bob Prince, co-chief investment officer for Bridgewater Associates. He believes the United States is looking at a severely limited economic growth period after the pandemic
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Machine learning and artificial intelligence powerhouse Ojo Labs has moved to make it easier for home-buyers and home-owners to navigate financial responsibilities in the real estate industry. The company has completed the acquisition of personal finance platform Digs. The FDIC platform has made a name for itself on helping customers set and track savings goals.
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The stock market closed mixed today with the Dow Jones down 0.10% to close at 28,335.57. The S&P 500 and NASDAQ, however, both closed up for the day. The S&P entered the weekend up 0.34% at 3,465.39 and the NASDAQ up 0.37% to close at 11,548.28. STOXX Europe saw it’s first increase in some time
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If you’re someone who is looking at plans for your portfolio pickup that are likely to do well for the rest of the pandemic there are a few areas that are likely to do better than others. Strategists have been looking for the obvious like healthcare, home goods, online retail, and technology.   Executives of
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Cryptocurrency is the new investment theme, drawing a growing number of investors and mainstream companies. Concerned by the unending turmoil triggered by the COVID-19 pandemic,  institutional investors are increasingly turning their attention to digital assets. Mode Bitcoin Bet Square Inc. (NYSE:SQ) has already made known its strong belief about Bitcoin’s long-term prospects with a massive
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