Investing Ideas

Etsy: Unusual Breakout Story amid Generally Subdued Market

Before the Covid-19 pandemic, Etsy was growing nicely by connecting craft makers with customers looking for something a bit more out of the ordinary than mainstream e-commerce fare.

U.S. Economy

Former U.S. Secretary of Labor Robert Reich Urges Bypassing Congress to Raise Debt Ceiling

Robert Reich, former secretary of labor in the U.S., has called for the government to bypass Congress in order to raise the debt ceiling unilaterally.

International

China’s Gold Splurge Reaches Sixth Month as Reserves Rise Again

Central banks across the world continued to buy gold in the first quarter, adding 228.4 tons to global reserves, up 176% YoY, data from the World Gold Council (WGC) showed on Friday.

U.S. Economy

Federal Reserve Raises Fed Funds Rate by 25 Basis Points, Signals Possible Pause

The U.S. Federal Reserve's Federal Open Market Committee (FOMC) continued its year-plus slew of rate hikes on Wednesday, May 3, lifting the fed funds rate by 25 basis points to a targeted range of 5%-5.25%.

U.S. Economy

Charlie Munger Says Banks ‘Full of’ Bad Loans on Commercial Property: Report

‘It’s not nearly as bad as it was in 2008. But trouble happens to banking, just like trouble happens everywhere else.

Investing Ideas

Disney Begins Second, Larger Round of Layoffs, Bringing Total to 4,000 Jobs Cut

Disney (DIS) began its second, larger wave of layoffs Monday, bringing total job cuts in recent weeks to 4,000 when the latest round is completed.

Investing Ideas

Goldshore Resources Finds High-Grade Sub-Vertical Deposits and Expects Significant Value Increase

Goldshore Resources (GSHRF) is anticipating a number of forward-looking milestones that it expects will increase the company's value.

International

India Will Upstage China to Become Most Populous Nation by Mid-2023

India is on track to surpass China by mid-2023 as the world’s most populous nation, United Nations data said Wednesday, raising questions about whether a booming, young Indian population will fuel economic growth for years to come.

U.S. Economy

Credit Crunch is coming for the U.S. that'll Tip the Economy into Recession, 'Dr. Doom' Economist Nouriel Roubini Warns

The U.S. is heading for a credit crunch that'll tip the economy into recession, according to “Dr Doom” economist Nouriel Roubini.

Investing Ideas

Bitcoin Crosses $30,000 for the First Time Since June 2022

Bitcoin (BTCUSD) has surged almost 9% so far this week and touched a 10-month high.

U.S. Economy

Inflation and Bank Earnings in Focus This Week

First quarter earnings season will get underway this week with big banks reporting results on Friday, April 14, as investors turn their attention slightly away from Fed policy and towards the state of play in corporate America.

International

Global Banks Pledged to Cut Emissions – but Still Invest Billions on U.S. Gas Exports

According to The Guardian, In March, the Intergovernmental Panel on Climate Change warned any new fossil fuel development is likely to push the earth’s climate past an increasingly dangerous 2 degrees of warming.

Investing Ideas

McDonald's Temporarily Shuts U.S. Offices, Prepares Layoff Notices: Report

The world’s largest fast food chain McDonald's Corp (MCD) is temporarily closing its U.S. offices this week as it prepares to inform corporate employees about its layoffs as part of a broader company restructuring, the Wall Street Journal reported on Sunday.