With all the agitation for gun control to reduce violence in the US, a key point is missed. Over a quarter of US homicides occur by means other than firearms. Even if all gun-related murders are eliminated, the US still has a higher homicide rate than many other countries.
There are whispers of an emergency FED rate hike as soon as tomorrow that spooked investors, inspiring today’s selloff on fears the Fed will be more aggressive to contain surging inflation. With the punditry obsessing over the March FOMC meeting, where odds earlier today hit 100% of a 50bps rate hike before easing modestly (and more than six hikes for all of 2022).
WSJ markets alert: 10-year Treasury yield touches 2% for the first time since 2019. After hot ‘Blowout’ inflation data, inflation has soared to its highest rate in four decades. U.S. inflation leads traders to largely price in a half-point March rate hike by the Fed.
Kellogg may raise prices again in 2022 as it sees ‘double-digit cost inflation,’ says CEO. “Our goal is to cover all of those input costs with pricing and productivity, and we think we’re in very good shape to do that,” the Kellogg CEO said Thursday.
Inflation eroded pay by 1.7% over the past year. Workers have seen their hourly pay jump at about the fastest clip in 15 years. But high annual inflation has eaten into those raises.
Bullishness across commodity markets is overwhelming. Goldman’s Jeffrey Currie summed it up earlier this week by saying, “This is a molecule crisis. We’re out of everything, and I don’t care if it’s oil, gas, coal, copper, aluminum. You name it; we’re out of it.”
As usual, we have included below the headlines and news summaries moving the markets today.
Wall Street gaped higher at the opening and traded mostly sideways, retaining its upward trend as investors put aside rate hike fears. NASDAQ jumps for the second straight day and gains 2% as tech stocks rebound from the January slide. Gold remained in a tight range around 1833. Dogecoin recovers fractionally to $0.1600
The green SPAC bubble is bursting. Over the past few years, investors have been pumping money into electric vehicle startups and other young green tech companies at a record clip, with many EV startups going public via the so-called SPAC deals.
The money wagered on the Super Bowl will reach over $1 billion this year. A surge in betting popularity and more states offering online betting are likely contributing factors in the Super Bowl sports betting boost.
Disney parks business roars back as the company beats earnings expectations and stock soars. Disney stock traded over 8% as results top estimates.
As usual, we have included below the headlines and news summaries moving the markets today.
During the American Carnage on January 6, 2021, some rioters shouted “1776 again” while storming the Capitol Hill. This comparison of the American Carnage and the American Revolution is actually valid.
Two main reasons:
Optimism over Iran nuclear deal drags oil prices down.
Super Bowl to have the hugest audience yet — and record bets, too.
Bitcoin & Stocks Dump’n’Pump as rising rate-hike odds crush credit.
Record-high seizure of $5bn in stolen Bitcoin.
Wall Street opened lower for the first hour and traded sideways as it tried to shake off a slow start to the week. Gains highlighted the DOW’s 372-point close as shares of Amgen Inc., and American Express rose. Peloton, Pfizer, Nvidia, GM are very active, and the DOW turns positive for February.
Peloton founder John Foley calls recent events ‘humbling,’ as cycle maker looks to redefine itself. “We own it. I own it. And we are holding ourselves accountable,” Peloton founder John Foley. “That starts today.” Meet Peloton’s new CEO, an ex-Spotify exec taking the helm amidst major cuts and investor pressure. Barry McCarthy is taking the Peloton CEO reins from founder John Foley.
10-year Treasury yield hits the highest level since 2019 as it marches toward 2%. Treasury yields march to multiyear highs on Tuesday, with the 10-year rate climbing to levels not seen since July 2019 and some expecting it may soon hit 2%.
As usual, we have included below the headlines and news summaries moving the markets today.
S&P 500 and NASDAQ ending closing lower to start the week as tech struggles, Meta drops 5%. Also, Bitcoin rises to its highest level in a month, bouncing from January lows.
After hitting a peak of $3.45 per gallon last week, the national average U.S. gasoline prices are expected to calm down significantly this week due to price cycling.
Earlier today, the small rocket builder Astra is attempted to launch its first mission from Florida on Monday but aborted after engine ignition. Astra shares dropped 14% after aborting and postponed the rocket launch attempt.
Frontier and Spirit to merge, creating the fifth-largest airline in the U.S. in a $6.6 billion deal. The airlines have agreed to join, making it the fifth-largest airline.
Consumer debt growth tumbles 50% amid a sharp slowdown in credit card usage decline in student loans after a shocking consumer credit report, which saw the biggest increase in history driven by a surge in revolving credit.
As usual, we have included below the headlines and news summaries moving the markets today.
The American Revolution was real, but most of its purported reasons are lies! Three examples of big lies:
U.S. rig count rises for 15th straight week as WTI nears $93.
Gas prices have climbed to the highest level in more than seven years, sending prices soaring to 2014 high.
Cryptos Jump, Stocks Slump As Bonds & The Dollar Dumps.
Tesla Stops Scheduling Solar Roof installs Due To “Supply Chain Issues.”
After the opening bell, U.S. stocks wavered across the unchanged line after a reported mixed batch of tech earnings. But the strong growth reporting pushed equities higher, halving yesterday’s loss. Investors saw enough reason to jump ship as the major indexes sharply declined in the last 15 minutes of trading time. However, today’s snap earnings sparked a stock rally that’s so big it made investors nervous.
U.S. jobs growth is stronger than expected as the economy shrugs off Omicron. Employers added 467,000 jobs in January, far better than most analysts had predicted. January Jobs Report Shock: 467,000 New Jobs Added, Big December Revision; Wages Surge.
Bond Report: 2-year Treasury yield posts biggest daily jump since March 2020 after strong January jobs report. The 2-year Treasury yield notched its biggest one-day climb in almost two years after January’s nonfarm payroll report showed an unexpected gain of 467,000.
The last few months looked like a dismal slowdown in the economic recovery, but the newest jobs report showed they were a whole lot better than we thought
As usual, we have included below the headlines and news summaries moving the markets today.
U.S. rig count rises for 15th straight week as WTI nears $93.
Gas prices have climbed to the highest level in more than seven years, sending prices soaring to 2014 high.
Cryptos Jump, Stocks Slump As Bonds & The Dollar Dumps.
Tesla Stops Scheduling Solar Roof installs Due To “Supply Chain Issues.”
After the opening bell, U.S. stocks wavered across the unchanged line after a reported mixed batch of tech earnings. But the strong growth reporting pushed equities higher, halving yesterday’s loss. Investors saw enough reason to jump ship as the major indexes sharply declined in the last 15 minutes of trading time. However, today’s snap earnings sparked a stock rally that’s so big it made investors nervous.
U.S. jobs growth is stronger than expected as the economy shrugs off Omicron. Employers added 467,000 jobs in January, far better than most analysts had predicted. January Jobs Report Shock: 467,000 New Jobs Added, Big December Revision; Wages Surge.
Bond Report: 2-year Treasury yield posts biggest daily jump since March 2020 after strong January jobs report. The 2-year Treasury yield notched its biggest one-day climb in almost two years after January’s nonfarm payroll report showed an unexpected gain of 467,000.
The last few months looked like a dismal slowdown in the economic recovery, but the newest jobs report showed they were a whole lot better than we thought.
As usual, we have included below the headlines and news summaries moving the markets today.
America has become so polarized that everything is political. The country is so confused that everything is subject to debate. To facilitate discussion, let me clearly define and simplify the following basic political terms: