In case you thought anybody in Washington was driving this thing, they are not. It’s official: the Department of Treasury is now issuing debt at pandemic levels. It’s worth noting the pandemic ...
Personal income and spending has become one of the two most important monthly reports I follow because it nets out the impacts of higher interest rates and abating inflation due to the unlinking of th...
In California, the minimum wage has risen to $16.00, vs. $7.25 in Texas. Even adjusting for differences in the cost of living, the rate in California is much higher. Of course, most workers earn more ...
Image courtesy of 123rf.com The U.S. Bureau of Economic Analysis reported a 0.3 percent increase in personal income for February, amounting to a $66.5 billion rise from the previous month. Disposa...
Image Source: Pexels Bank of America Corp (NYSE: BAC) has gained about 50% since late October but a Wells Fargo analyst is convinced it is not out of juice just yet. Bank of America stock has 16% ups...
Chart from the BEA, highlights and blue captions by Mish. Personal Income and Outlays, February 2024Nothing about the BEA’s Personal Income and Outlays report for February 2024 suggests the Fed sh...
Image Source: Pexels CPI inflation moderated in March to 1.9% year-on-year from 2.8% in February, falling below the central bank target of 2.5% (+/-1pp), the second consecutive decline in food ...
Two factors often determine stock prices in the long run: earnings and interest rates. Investors can’t control the latter, but they can focus on a company’s earnings results every quarter....
Image Source: Unsplash Corporate identity management software company Okta (Nasdaq: OKTA) recently announced its quarterly results that continued to outpace market expectations. The company’s foc...
Is big tech cooling off?As a group, the “magnificent seven”—Meta, Tesla, Amazon, Nvidia, Apple, Microsoft, and Alphabet—returned 107% in 2023. That is remarkable by any measure.Now investors a...