How Biden-Harris Natural Gas Export Policies Could Harm The Economy
WASHINGTON, DC – OCTOBER 19: U.S. President Joe Biden, joined by Energy Secretary Jennifer Granholm, … [+]
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Read MoreWhat is the employment cost index and what does it tell us about the economy?
The Labor Department released its latest employment cost index, a quarterly report on how much employers are paying their employees, on Thursday. It showed that employment costs were up 0.8% in Q3.
Other recent data out this week found that wage growth has been slowing down in the most recent quarter,
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Read MoreRobinhood's Stock Tumbles After Earnings Miss, While JMP Analyst Remains Bullish
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Robinhood shares tumbled more than 10% in premarket trading on Thursday following its third-quarter earnings report.
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JPMorgan said the negative reaction was unsurprising given the stock’s outperformance this year.
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Broker JMP raised its Robinhood price target to $33 from $30.
Amazon earnings live updates: Wall Street watching for margins, signs of consumer health
JPMorgan says cloud computing will be a key area of strength
Annegret Hilse | REUTERS
JPMorgan highlighted Amazon Web Services, the firm’s cloud computing system, as a chief reason to stay bullish on the stock.
AWS will continue accelerating through 2025,
Read MoreAI’s huge power needs give oil majors incentive to invest in renewables, says Adnoc boss
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The Burst
1 Inflation-Beating Stock That Passes Buffett’s Test
In times of uncertainty, it can be helpful to tap into the wisdom of Warren Buffett, who was active in the market during the last time inflation was this high in the early 1980s. In his 1982 letter to shareholders, Buffett pointed out that businesses that excel in inflationary environments have two key qualities.
First,
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Read MoreThe Ivy
Market Commentary: 4 Bearish Forces Loom LARGE
We’re not out of the woods yet. Large macroeconomic forces loom that could derail the US stock market beyond its recent correction, and China ranks among the top of them.
Key Points
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