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
Andy Fletcher was the last person to tell you why he was vital to Depeche Mode. In 101, the classic 1989 tour documentary directed by DA Pennebaker and Chris Hegedus, he said: “Martin’s the songwriter, Alan’s the good musician, Dave’s the vocalist, and I bum around.” He knew there was much more to it than … Read more
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
The last time Eleven, Will, Mike, Dustin, Lucas, Max, Nancy, Joe, Robin, Jonathan, Joyce and Jim were on our screens, it was July 2019 – no one was thinking about stocking up on masks and toilet paper. In less than 24 hours, that’s about to change with the release of the fourth season of “Stranger … Read more
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
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
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
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
Buying low and selling high is easier said than done, especially when emotion and volatile markets are thrown into the mix. Historically speaking, the best deals are to be found when there is “blood on the streets,” but the danger of catching a falling knife usually keeps most investors planted on the sidelines. The month … Read more
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
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