Covid relief bill may trigger $36 billion cut to Medicare, higher student loan fees
Bill Clark | CQ-Roll Call, Inc. | Getty Images A Covid relief bill backed by Democrats could trigger billions of dollars in cuts to Medicare and other federal programs, like ones that support unemployed workers and student-loan borrowers, if it’s...
Buffett is buying back more Berkshire stock this year after record $25 billion repurchase in 2020
Warren Buffett during an interview with CNBC’s Becky Quick on February 24, 2020. It turned out to be another year during which the billionaire investor shied away from game-changing acquisitions in a pricey market even after a sudden market cash...
A Wild Week of Metals, Yields, Stocks and Dollar
Just after DOW hit new record high in the middle of last week, the rally was choked by skyrocketing treasury yields. Dollar surprisingly ended as the strongest one for the week, followed by Euro and then Sterling. Australian Dollar suffered...
Weekly Economic & Financial Commentary: The U.S. Economy Continues to Start 2021 on a High Note
U.S. Review The U.S. Economy Continues to Start 2021 on a High Note In January, personal spending increased at a robust 2.4% pace, while personal income soared 10.0%. The core PCE deflator rose 0.3% during the month and 1.5% over...
The Weekly Bottom Line: BoC Govenor Strikes Cautious Tone
U.S. Highlights Federal Reserve Chairman Powell reassured markets that there will be no early tightening of monetary policy or drawdown of asset purchases even with a brighter economic outlook. Consumers remain at the forefront of the recovery, as personal income...
Week Ahead: When Doves Cry
Fed Chairman Powell provided testimony to Congress last week regarding Monetary Policy. He noted that the Fed was in no hurry to take its foot off the easing pedal and that although inflation expectations have been creeping into the markets,...
Gold is Having a Rough Day; Can it be Stopped?
With the US Dollar screaming higher today, it’s no surprise that Gold is moving aggressively lower. In theory, the US Dollar and precious metals move inversely to one another. The reason is that gold is traded in US Dollars. So...
Week Ahead – Rising Yields Spook Markets
Powell fails to ease concerns Everyone is watching the bond markets at the moment, as yields accelerate higher and investors become increasingly anxious. That is dominating the headlines and it’s unlikely to change next week, with the jobs report on...
Stocks making the biggest moves midday: Etsy, Virgin Galactic, Foot Locker & more
Etsy CEO Chad Dickerson and others celebrate their IPO at the Nasdaq exchange, April 16, 2015. Getty Images Check out the companies making headlines in midday trading. Etsy — Shares of the e-commerce company popped nearly 13% on Friday after...
The Golden Cross
The Golden Cross: What is it and How to Identify it when Trading? The ‘golden cross’ is a term often mentioned in trading circles due to its usefulness in spotting changes in trends while also being incredibly easy to use....