Investors are now going soft on Ant Group, once valued in excess of $300 billion, following stricter Chinese regulations and the cancellation of its November 2020 initial public offering (IPO) by the government, The Wall Street Journal reported on Monday (May 3). Get the Full Story Complete...
Big news in the U.S. last week as figures from the Census Bureau and Treasury Department pointed to an economic recovery gaining momentum as the U.S. consumers have been receiving their latest and largest stimulus checks to date over the last several weeks. Get the...
Large economic powers like the U.S. and Europe have good-sized chances at recovering lost ground from the pandemic by the end of 2021, the Financial Times reported on Sunday (May 2). Get the Full Story Complete the form to unlock this article and enjoy unlimited...
In Warren Buffett’s opinion, there’s a new streak of gambling-esque activity going on with the stock market, which he said is fueled by apps like Robinhood, CNBC reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
U.S. household income escalated 21.1 percent in March, fueled in part by federal relief funds, vaccinations, and the easing of restrictions from the COVID-19 pandemic, The Wall Street Journal reported Friday (April 30). The boost in income was the largest monthly increase since 1959. Get the Full...
First-quarter U.S. gross domestic product (GDP) expanded by 6.4 percent, topping fourth-quarter growth of 4.3 percent in 2020 and marking the biggest first-quarter increase in growth since 1984, according to an advanced estimate from the Bureau of Labor Statistics on Thursday (April 29). Get the Full Story...
Initial unemployment claims for the week ending April 24 dropped 13,000 to 553,000, the Bureau of Labor Statistics (BLS) reported on Thursday (April 29). The previous week’s level was revised up by 19,000 from 547,000 to 566,000. This is the third consecutive week claims are below 600,000...
In investing, variations on a theme work only so long as the theme works. And one theme that has worked in the pandemic era has been the “stay at home” play. It’s a pivot on Wall Street that has boosted the equities of firms that get...
While SARS-CoV-2 has stolen most of the headlines for the past year, there’s another bug that’s beginning to spread amongst Americans: the travel bug. According to a PYMNTS study, over 40 percent of U.S. residents say they would like to do more international travel, and...
