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
Month: October 2020
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
All three markets in New York saw a drop today, with the NASDAQ actually beating out the Dow Jones in their drop for the first time. The Dow Jones closed down 0.59% at 26,501. The NASDAQ closed down 2.45% at 10,911.59 and the S&P 500 closed down 1.21% at 3,269.96. STOXX Europe actually increased today,
Mercedes is best known for high-end cars that ooze status and class, in the auto industry. Its cars have dominated racing circuits in addition to being the talk of the town when it comes to performance features, elegance, and driving experience. As it stands, the German brand is not immune to faults given that its
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
The pandemic is spelling huge profits for companies like Amazon that are seeing increased sales amid more people being home. In fact, the company is already having their most profitable year in their history and the year isn’t over yet. We’re only just wrapping up the third quarter and they’ve set records, compared to most
The stock market saw a slight climb today, though it’s nothing compared to the drops they’ve seen over the past few days. The Dow Jones climbed 0.52% to close at 26,659.11. The NASDAQ climbed 1.64% to close at 11,185.59 and the S&P 500 climbed 1.19% to close at 3,310.11. On the other hand STOXX Europe
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
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
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
General Electric is moving in the right direction coming into the middle of the week with a bit of a surprise to their investors. This after reports of third quarter profits and a positive free cash flow. In fact, the stock increased from 5.99% to 8.3% over the afternoon on Wednesday, following this announcement. The
The stock market fell hard today with the Dow Jones hitting a near all-time low of 3.43% decrease to close at 26,521.01. The NASDAQ fell 3.73% to end at 11,004.87 and the S&P 500 closed down 3.53% to close at 3,271.15. STOXX Europe also fell almost 3% at 2.95% to close at 342.17. It looks
The founder, chairman, and a co-chief of investment for the world’s largest hedge fund, Bridgewater Associates, has had a 2020 to forget for results. Their flagship fund is in the negative and being outperformed by rival hedge funds even considering the early 2020 coronavirus crash affected everyone. Even with that, Ray Dalio has a
Weakness and uncertainty in the bond market has seen an influx in investments to Exchange Traded Funds. Capital inflows into ETFs built on environmental, social, and governance has been on the rise, reaching record highs amid the economic slowdown fuelled by the pandemic. ESG ETF Capital Inflows Inflows into ESG ETFs have already clocked record
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
The stock market delivered mixed returns today with the Dow closing down 0.80% to close at 27,463.19. The S&P 500 also saw a drop today of 0.30% to close at 3,390.68. On the other hand the NASDAQ saw an increase today of 0.64% to close at 11,431.35. STOXX Europe also saw a drop today, falling
Caterpillar reported the end of their third quarter earnings with a 54% decrease as equipment sales are down. It’s no wonder that sales are dropping with fewer people working and fewer doing even some of the less extensive maintenance around the country. All regions and segments reported a loss, however the component on the Dow
Personal safety equipment sales are a benefit for one company at least in the middle of this pandemic. 3M is seeing an increase in their sales and their stock price as the pandemic continues and personal safety equipment becomes more and more important. The stock for 3M says that their operating cash flow is in
Alibaba Group Holding Ltd (NYSE:BABA)‘s financial arm Ant Group is poised to go public and could raise as much as $34.5 billion in a dual initial public offering. The company is poised to list its shares in Hong Kong and Shanghai, making the IPO the largest on record. Regulators in China and Hong Kong have
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
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
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
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
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.
Samsung long-serving Chairman, Lee Kun-hee, is dead. He died on October 25th, surrounded by family members after being incapacitated following a heart attack in 2014. His demise is a major blow for Samsung Group, which he helped propel to become a big player in the tech world with a robust and diversified footprint. Lee Kun-hee
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
As the American energy sector continues its march away from traditional power generating means like coal toward solar and wind it’s important to see how both the energy generation industry will affect the environment and how fast it will move in the next few years. The energy project director of the Bipartisan Policy Center, Sasha
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
Violence has always been the main theme in most videos involving Black Lives Matter proponents. However, not this time. A video has gone viral, showing a man standing up to a bully trying to berate a neighbor who had a Black Lives Matter flag on their lawn. Viral Black Lives Matter Incidence Ian Doherty is
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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