Gas Still Expensive Though Oil Prices Are Down After hitting a 14 year high in March, oil prices have dropped about 19%. Consumers who expected to see similar price reductions at the gas pump have been sorely disappointed. The average cost of a gallon of gas is currently about $4.10, [...]
A $13 Trillion Metaverse Economy? The metaverse, a virtual land that blurs the boundary between the digital and physical world, may increasingly offer the ability to earn a real income. Online platforms such as Decentraland and The SandBox are facilitating the sale of digital assets, such as virtual art and [...]
Market Faces Strong Headwinds Twin troubles of ever-rising inflation and increasing interest rates are creating fierce headwinds for the stock market. Year-to-date, both the broad-market S&P 500 and technology-laden Nasdaq Composite are in the red. Noting the fastest rise in inflation in 40 years, the Federal Reserve has indicated the [...]
Rising Rates Mortgage rates are on the rise, with the average rate for a 30-year fixed mortgage near 4.7% this month, up from just below 3% at this time last year. Simply put, the added cost of carrying a mortgage means fewer people will be able to afford homes. Over [...]
Power to the Founder Ecommerce company Shopify (SHOP) will seek shareholder approval for a “founder share” and a 10-for-1 stock split at its June 7 meeting. Founder shares refer to equity given to founders of the company. The move follows similar stock-split announcements this year by Tesla (TSLA), Alphabet (GOOGL), [...]
Crypto is Booming The popularity of digital assets has gotten some regulators worried. Once a footnote in the economy, traditional financial firms such as banks are increasingly getting involved. Even the Federal Reserve Bank may create its own digital currency. Currently, about 40 million Americans have invested in cryptocurrency, 43% [...]
Economic Data Today investors will look to get more clarity on the ways rising prices are affecting consumers, and how the Fed plans to respond. Consumer inflation expectations for March are due. Federal Reserve Bank of Atlanta President Raphael Bostic is also set to give a speech, as is Charles [...]
The NFT Play Novel Commerce, a player in the nonfungible token or NFT space, is looking to create NFTs for brands. The company’s NFTs require no coding, which makes it unique. This aims to address online retailers’ push for market share via loyalty programs and new ways to make their [...]
Wing Takes Flight in Texas Alphabet’s (GOOGL) drone-delivery service Wing launched yesterday in the Dallas-Fort Worth area, marking the largest US rollout in its history to date. It’s also the first time one of Wing’s customers is operating the service directly, as Walgreens Boots Alliance (WBA) will stage the deliveries [...]
Six of One, Half Dozen of the Other “60/40 is dead” has been the recent battle cry of many market pundits after a four decade rally in bonds that was finally ended by the pandemic. This stance is based on the idea that bonds have nowhere to go but down [...]
