Fed’s Preferred Inflation Gauge Surges Higher In Yet Another Worrying Sign For US Economy
The Federal Reserve’s preferred inflation gauge measured above expectations in March as the U.S. continues to see a surge in prices, among other concerning economic data, according to data from the Bureau of Economic Analysis (BEA) released Friday. The personal consumption expenditure (PCE) price index surged 0.3% in March, totaling 2.7% for the year and […]
Google, dividend | Fox Business
Laura Martin, senior research analyst at Needham & Company, previews Alphabet’s first quarter earnings report on “The Craman Countdown.” Google’s parent company Alphabet announced its first-ever dividend plan during its latest quarterly results, joining several rival tech giants in paying dividends. This is driven by search momentum and plans to further leverage AI. A cash […]
Target employee confronts, stops thieves at New Jersey store
Police in Gloucester Township, New Jersey, said Target employees stopped three women from stealing a shopping cart full of merchandise on Monday afternoon. At a New Jersey store, an eagle-eyed Target employee spotted three women attempting to leave with nearly $600 in stolen goods, and the trio abandoned ship and quickly dispersed. Dramatic surveillance video […]
Pentagon Weapons Testing Chief Recuses Himself From Projects With Largest US Defense Contractor
The recently-confirmed Pentagon official in charge of testing and evaluating weapons programs for the entire U.S. military recused himself from any cases involving the number one American defense contractor Lockheed Martin, Bloomberg reported on Thursday. Douglas Schmidt, Director of Operational Test and Evaluation (OTE), said he could not personally involve himself in rendering appraisals on […]
Top Automaker Takes $1.3 Billion Dollar Bath On Key EV Line
Top American automaker Ford hemorrhaged over a billion dollars on electric vehicles (EV) in the first quarter, leading to massive losses per vehicle. Ford sold 10,000 vehicles in its EV Model e unit in the first three months of the year, losing $1.3 billion on the line altogether, equating to a loss of $130,000 per vehicle […]
Dow, stocks, GDP | Fox Business
Macro Mavens President Stephanie Pomboi is assessing market conditions, including whether the Fed will cut interest rates, the impact of lingering inflation, and the first-quarter GDP report. Stock investors went into selling mode after the U.S. economy posted subpar growth in the first quarter. The Dow Jones Industrial Average fell by triple digits, and the […]
US Economic Growth Slows Down Massively, Well Below Expectations
The U.S. economy grew at a rate of 1.6% in the first quarter of 2023, according to gross domestic product (GDP) statistics released by the Bureau of Economic Analysis (BEA) on Thursday. Slower growth in the first quarter follows above-trend growth in the third and fourth quarters of 2023, which measured 4.9% and 3.4%, respectively, […]
Boeing Posts Massive Loss Following Slew Of Safety Issues
Top jet manufacturer Boeing reported on Wednesday a net loss of $355 million in the first quarter after months of scrutiny over recent safety issues. Operating revenue declined 8% year over year in the first quarter, from approximately $17.9 billion to $16.6 billion, with the company burning more than $3.9 billion in free cash flow in […]
Blackstone set to purchase Tropical Smoothie Cafe for nearly $2 billion
Former U.S. International Trade Commission Secretary Peter Morisi accused President Biden of being “out of touch” with Defense Secretary Lloyd Austin as the U.S. Navy continues its engagement in Yemen. New York City-based private equity firm Blackstone announced Wednesday that it has entered into a deal to acquire Tropical Smoothie Cafe for $2 billion. Blackstone […]
Musk says Tesla’s affordable EVs coming next year
Kingsview Wealth Management CIO Scott Martin joins the “Big Money Show” to analyze the financial impact of Elon Musk’s latest promise of “affordable” Tesla cars. Tesla CEO Elon Musk The EV maker said it plans to introduce a new, more affordable model in early 2025, after the status of its long-discussed plans for a low-cost […]