Year: 2021

Economy

Dow Jones, S&P Eye New Records, Disney Jumps

August 13, 2021 Alyssa Comments Off on Dow Jones, S&P Eye New Records, Disney Jumps

Foxbusiness.com: U.S. stocks made another run for fresh records as investors wind down a busy week which included a strong quarter from Disney. The Dow Jones Industrial Average rose over 60 points, or 0.18%, while the S&P 500 […]

Economy

Hold Onto Those Value Stocks Because the Wall Street Stampede Into Defensive Names is About to Turn, Says Citi

August 12, 2021 Alyssa Comments Off on Hold Onto Those Value Stocks Because the Wall Street Stampede Into Defensive Names is About to Turn, Says Citi

Marketwatch.com: Following back-to-back records on Wall Street, the summer doldrums seem on tap for Thursday, with the week’s big inflation data now tucked away. Those highs come as investors veer toward the perceived safety of […]

Inflation

Inflation Being Felt at ‘All Levels’: Wealth Adviser

August 12, 2021 RickMad Comments Off on Inflation Being Felt at ‘All Levels’: Wealth Adviser

FoxBusiness: UBS Financial Services private wealth advisor Alli McCartney joined FOX Business’ “Mornings with Maria” to discuss the rise of prices due to inflation on Thursday. She said inflation is felt at “all levels” and is temporary.  ALLI MCCARTNEY: […]

Corona Virus

Bidding Wars Erupt For Renters as the Economy Recovers In a Hot Housing Market

August 12, 2021 Alyssa Comments Off on Bidding Wars Erupt For Renters as the Economy Recovers In a Hot Housing Market

CNBC.com: They are usually reserved for homebuyers, but bidding wars are becoming more common in the rental home market. Demand for apartment and single-family rentals is surging and outpacing supply. As the economy improves, workers […]

Economy

Dow Jumps 200 Points to New Record After Inflation Report is Not as Bad as Feared

August 11, 2021 Alyssa Comments Off on Dow Jumps 200 Points to New Record After Inflation Report is Not as Bad as Feared

CNBC.com: Stocks rose on Wednesday after inflation jumped, but not by quite as much as investors feared when stripping out volatile food and energy prices. The Dow Jones Industrial Average gained about 200 points, or […]

Bitcoin

Venmo is Letting Its Credit Cardholders Convert Cash-Back to Crypto For Free

August 10, 2021 Alyssa Comments Off on Venmo is Letting Its Credit Cardholders Convert Cash-Back to Crypto For Free

CNBC.com: Venmo launched a credit card feature Tuesday that allows users to convert their cash-back rewards into bitcoin and other cryptocurrencies. The development is part of the broader crypto strategy of Venmo parent PayPal. The company […]

Economy

Jim Chanos Says the Market is Entering Risky Phase and Retail Investors May Be Left Holding the Bag

August 10, 2021 Alyssa Comments Off on Jim Chanos Says the Market is Entering Risky Phase and Retail Investors May Be Left Holding the Bag

CNBC.com: Short-seller Jim Chanos warned that retail investors late in the game could be left holding the bag as more red flags emerged in a speculative stock market. “The problem with getting more people, retail, […]

Bitcoin

Bitcoin Bulls Slam Biden Bill as Crypto Tax Hangs In the Balance In Washington

August 9, 2021 Alyssa Comments Off on Bitcoin Bulls Slam Biden Bill as Crypto Tax Hangs In the Balance In Washington

Fnlondon.com: Crypto advocates are up in arms over a clause in US President Joe Biden’s trillion-dollar infrastructure bill that could paint a less than rosy future, as it inches closer to approval. If passed, the […]

Economy

Stock Futures are Mostly Lower After Dow Closes at Record Friday

August 9, 2021 RickMad Comments Off on Stock Futures are Mostly Lower After Dow Closes at Record Friday

CNBC.com: Stock futures traded mostly lower early Monday after the Dow Jones Industrial Average notched a record close Friday following a stronger-than-expected jobs report. Futures tied to the Dow fell 94 points, or 0.3%. S&P […]

Economy

U.S. Economy Added 943,000 Jobs in July, Unemployment Rate Fell to 5.4%

August 6, 2021 RickMad Comments Off on U.S. Economy Added 943,000 Jobs in July, Unemployment Rate Fell to 5.4%

Wallstreetjournal.com: A strengthening U.S. labor market added cushion to the economic recovery in July ahead of the Delta variant threat, with employers creating jobs at the best pace in nearly a year and the unemployment rate […]