Good MorningAnother day and another new all-time high were set by the broad market. The S&P 500 crept up throughout the day to close with a gain near 0.50% as traders and investors continue to bet on an economic stimulus bill. As yet, there has been no movement on the bill but reports from Washington continue to stimulate hope. With the holidays fast approaching and lawmakers headed home for the session break a deal may be elusive until early January.
In other news, the economic data continues to come in mixed. On the one hand, the number of jobless claims edged higher over the last week as the number of COVID cases continues to grow. Conversely, the number of housing starts and building permits accelerated from the previous month and beat their consensus estimates in a show of underlying economic strength.
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Politics | | | World shares were mostly higher on Thursday, buoyed by hopes the U.S. Congress may finally deliver fresh aid to help American businesses and families weather the pandemic.
Benchmarks rose in Paris, London, Tokyo and Shanghai fell in South Korea.
Investors were encourag... Read the Full Story |
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Stocks | | | China’s Luckin Coffee has agreed to pay a $180 million penalty to settle accounting fraud charges, the Securities and Exchange Commission says.
The SEC charged the company with defrauding investors by misstating its revenue, expenses, and net operating loss to appear to have been mor... Read the Full Story |
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Tech | | | Ten states on Wednesday brought a lawsuit against Google, accusing the search giant of “anti-competitive conduct" in the online advertising industry, including a deal to manipulate sales with rival Facebook.
Texas Attorney General Ken Paxton announced the suit, which was filed in a fe... Read the Full Story |
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From Our Partners | | Tesla's About to Prove Everyone Wrong... Again
Back in 2018, when Jeff Brown told everyone to buy Tesla…
The "experts" said Elon was finished and Tesla was headed for bankruptcy.
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Markets | | | Tyson Foods says it has fired seven top managers at its largest pork plant after an independent investigation into allegations that they bet on how many workers would test positive for the coronavirus Read the Full Story |
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Tech | | | Texas Attorney General Ken Paxton on Wednesday announced a multistate lawsuit against Google, accusing the search giant of “anti-competitive conduct" in the online advertising industry.
Paxton said Google is using its “monopolistic power” to control pricing of online advertisements, f... Read the Full Story |
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Markets | | | Mobile and wireless software developer Smith Micro Systems, Inc. (NASDAQ: SMSI) shares have been recovering. Shares are grinding back towards pre-pandemic levels towards a potential triple top which would blunt its performance against the benchmark S&P 500 index (NYSEARCA: SPY). The rollout of 5... Read the Full Story |
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Markets | | | A 4.4% jump in yesterday’s session was enough to make shares of social game developer Zynga (NASDAQ: ZNGA) among the best performing of US equities. Though still a 10% move away from their multi-year highs hit back in August, shares are looking good value to be above them soon enough.
Yesterd... Read the Full Story |
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Markets | | |
Consider the impact that social media has had on the world over the last decade. What began as small networks that helped people communicate on the internet has transformed into some of the most widely used digital platforms in the world. According to Statista, roughly three-quarters of the U.S. p... Read the Full Story |
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Markets | | | The Toro Company Grows Along With Suburban America
One of the stickiest trends sparked by the pandemic the flight-to-the-suburbs. American’s are fleeing their tight, hard-to-distance in cities in favor of homeownership. Now, not only are American’s with homes spending more time at home,... Read the Full Story |
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Markets | | | Home Sales Drive Results At Lennar Corporation
If anyone is surprised by the strength shown in Lennar Corporation’s (NYSE:LEN) FQ4/calendar Q3 report they are not paying attention to the housing market. Tight supply reigns supreme in a market that is experiencing rising, record-high demand. S... Read the Full Story |
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