Key inflation gauge slowed to still-high 6.3% over past year

Key inflation gauge slowed to still-high 6.3% over past year

An inflation gauge closely tracked by the Federal Reserve rose 6.3% in April from a year earlier, the first slowdown since November 2020 and a sign that high prices may finally be moderating, at least for now. The inflation figure the Commerce Department reported Friday was below the four-decade high of 6.6% set in March. … Read more

Has Inflation Peaked? – The Big Picture

Has Inflation Peaked?  – The Big Picture

Has inflation peaked? When we look at the data, there are encouraging signs in various sectors. Three of the most significant are Automobiles, Homes, and Labor / Wages: • Automobiles: The semiconductor shortage sent new car supplies down and prices higher; this also helped drive used car prices up. But industry insiders are confident semi … Read more

My take on Apple, Amazon, Facebook and Google after Nvidia’s rise

My take on Apple, Amazon, Facebook and Google after Nvidia’s rise

It’s been a great week for the portfolio. Ahead of the long holiday weekend, I know the buzz centers on Nvidia (NVDA) and how this great $ 465 billion company signaled a sea change when it reported a solid quarter, cut guidance – and shares rallied. That was directly contrary to the pattern before it. … Read more

Fed Vice Chair views digital dollar as ‘complementary to a stable system’

Fed Vice Chair views digital dollar as ‘complementary to a stable system’

Newly confirmed Federal Reserve Vice Chair Lael Brainard this week said the central bank views a digital dollar as part of the global financial system’s future that works in sync with the private sector. “I see the potential of a digital dollar as being complementary to a stable system that would include stablecoins and commercial … Read more

New On Netflix June 2022: ‘The Umbrella Academy,’ ‘All That’ And More

New On Netflix June 2022: ‘The Umbrella Academy,’ ‘All That’ And More

If you can’t get enough of late-’90s and early-’00s nostalgia, we’ve got good news. Netflix is ​​due to add nearly 130 shows and movies in June, including a number of beloved Nickelodeon classics. On June 21, the first two seasons of “Kenan and Kel,” “Zoey 101” and “Ned’s Declassified School Survival Guide” will be joining … Read more

Oil Prices Are Set To Surge Even Higher This Summer

Oil Prices Are Set To Surge Even Higher This Summer

The combination of limited new supply options, increasing risks to traditional supply, and growing demand around the world, is set to send oil prices even higher this summer. Oilprice Alert: This month’s Intelligent Investor column, now available for Global Energy Alert members, highlights two oil and gas pipeline stocks that could provide strong income for … Read more

World stock markets rally, treasury yields fall on inflation data

World stock markets rally, treasury yields fall on inflation data

US consumer spending increases, rise in inflation slows Wall Street rallies, snaps weekly losing streak Treasury yields fall Brent oil rises $ 2 NEW YORK, May 27 (Reuters) – Global markets enjoyed a broad-based rally on Friday, while the yield on benchmark US Treasuries fell after data showed that US consumer spending rose in April … Read more