Good MorningThe slide continued on Wall Street Thursday with the major indices reversing early gains and posting losses for the day. The move was driven by better than expected GDP numbers early in the session but fear of rising inflation capped the gains and caused the late-day selling. As good as the GDP figures were they are rear-looking and ultimately underpin the need for aggressive FOMC rate hikes. The S&P finished the session near the lows of the day and poised to move lower should the PCE Price Index come in hot today.
Next week brings another round of earnings, the busiest of the reporting season so far, and the monthly read of the NFP data. The NFP should show another substantial increase in employment, a downtick in unemployment, and rising wages which also point to the need for a rate hike from the FOMC. The market is still expecting a single hike in March but there is risk of two or more hikes with inflation running as hot as it is. Featured: Buy Gold & Silver with Your IRA/401(k) Using this IRS Loophole (Gold Allied Trust) |
Politics | | Asian stock markets rose Friday as traders looked ahead to data on U.S. employment costs that might influence Federal Reserve decisions on planned interest rate hikes.
Shanghai, Tokyo and Seoul gained. Hong Kong declined.
Wall Street fell for a third day Thursday after ... Read the Full Story >> |
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Politics | | Major global stock markets fell Friday ahead of data on U.S. employment costs that might influence Federal Reserve decisions on interest rate hikes to cool inflation.
London and Frankfurt opened lower. Tokyo and Seoul advanced while Shanghai and Hong Kong declined.
Wall... Read the Full Story >> |
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Markets | | That’s why we’ve put together the following list of the top 3 stocks to buy in February so that you can approach this month with the confidence needed to take full advantage of whatever the market brings.
Read the Full Story >> |
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Politics | | A Chinese language school in northern Iraq is attracting students who hope to land jobs with a growing number of Chinese companies in the oil, infrastructure, construction, and telecommunications sectors in the region Read the Full Story >> |
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Stocks | |
This week’s Q4 earnings from General Electric (NYSE: GE) probably weren’t what the company was hoping for, let alone needed. Shares of the one-time industrial titan have been trading sideways for the past year which isn’t that bad considering the selling that went on before it. L... Read the Full Story >> |
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Stocks | | Lean on the government in hard times? Maybe, but not in the way you think.Have you heard about the $1.85 trillion Build Back Better Act? More than a trillion dollars in new spending across eight years will sink into the nation's roads, bridges, rail, internet, water systems and more. Read the Full Story >> |
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Politics | | Hong Kong’s economy grew by 6.4% last year after activity weakened as anti-coronavirus controls were tightened.
Economic output expanded by 4.8% over a year earlier in the three months ending in December, down from the previous quarter’s 5.5%, government data showed Friday.
... Read the Full Story >> |
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Markets | | The International Labor Organization says about 1.6 million jobs were lost in Myanmar in 2021, with women suffering the biggest setbacks as work in factories, tourism and construction dwindled amid the pandemic and a military takeover Read the Full Story >> |
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Tech | |
Biotechnology firms have attracted billions in capital due to the belief that biotech can transform health care. More flexible than traditional big pharma, biotech drives past basic and applied science and creates huge rewards for investors.
Sure, biotech stocks can mean major investment ga... Read the Full Story >> |
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Markets | |
Vehicle and parts online auction platform Copart (NASDAQ: CPRT) stock is has been plunging with the benchmark indexes despite blowout earnings. The Company is capitalizing on the global chip shortage leading to supply chain disruptions in new and user vehicles. The inflation in car prices have bee... Read the Full Story >> |
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Friday's Early Bird Stock Of The Day Boston Omaha Corp. is a holding company, which engages in the provision of billboards, surety insurance, and insurance brokerage activities. It operates through the Insurance and Billboards segments. The Insurance segment refers to commissions from the firm's surety brokerage businesses. The Billboards segment includes billboard acquisition and rentals. The company was founded on August 10, 2009 and is headquartered in Omaha, NE. | View Today's Stock Pick |
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