U.S. Economy

Fed Minutes Scared Investors

Minutes from the Fed's December meeting released on Wednesday, January 5, showed that officials had discussed tapering the U.S. central bank’s asset holdings amid surging omicron infections setting new daily records as well as raising interest rates sooner than expected to fight inflation.

International

Turkey’s Lira Finished Worst Year in Two Decades under Erdogan

Turkey’s lira – by far the worst performer in emerging markets in 2021, as well as in the last few years – shed 44% of its value against the dollar over the year and 19% in the last week alone.

U.S. Economy

U.S. holiday retail sales rise 8.5% as online shopping booms – Mastercard

U.S. retail sales rose 8.5% during this year's holiday shopping season from Nov. 1 to Dec. 24, powered by soaring e-commerce sales, a report by Mastercard Inc said on Sunday.

Investing Ideas

Investing in Various Purpose ETFs Gains Popularity and Momentum

Investors piled a record $900 billion into ETFs this year — nearly double what they invested in all of 2020. Why is this happening?

Investing Ideas

Some Prominent Analysts Reiterate that Healthcare Sector is “The Place to Be”

On CNBC's "Options Action: The Final Call," Carter Braxton Worth said healthcare is “the place to be” and named Health Care Select Sector SPDR Fund.

International

Inflation Continues to Beat Forecast in Great Britain, but BoE Has Hundred Reasons Not to Hike Immediately

According to the British ONS, UK inflation hit a decade high of 5.1% in November.

U.S. Economy

Big Companies’ CEOs Spotted Selling Their Shares Before Net Investment Income Tax Rules Come into Effect

Top executives and the company leaders like the Waltons, Mark Zuckerberg, and Google’s co-founders have sold $63.5 billion worth of stakes in their companies through November, up 50% from 2020.

U.S. Economy

Elon Musk Sees Problem Not in Too Many Teslas, but in Too Few Buyers

Tesla and SpaceX CEO Elon Musk wants people to have more babies. “There are not enough people,” Musk told a Wall Street Journal event this week.

Investing Ideas

Coupa Software Earnings Confirm Fundamental Attractiveness of Cloud Platforms

Coupa Software (NASDAQ:COUP) reported its Q3 earnings results on Monday, December 6, 2021.

U.S. Economy

Black Friday’s and Cyber Monday’s Combined Retail Sales Didn’t Live Up to Investors’ Expectations

U.S. Cyber Monday sales were flat, as online retailers offered fewer discounts because of limited inventory and more shoppers returned to stores for purchases.

International

Indian Economy Sees New Crucial Threats from Omicron Variant

UBS said “New flare-ups of Covid infections [both ongoing and yet coming] in India, and particularly the emergence of new Covid strains against which currently available vaccinations provide little or no protection are probably the biggest downside risk,”.

U.S. Economy

U.S. Foreign Trade Deficit Trimmed in October but Remains Historically Elevated

According to the U.S. Department of Commerce, in seasonally adjusted terms, the U.S. foreign trade deficit slowed down to a monthly pace of 14.6% to reach a still-alarming $82.9 billion.

International

China Becomes Concerned about “Quasi-Stagflation” as Developers Face Mounting Troubles

According to Bloomberg, Liu Shijin, an adviser to the People’s Bank of China, the country’s economy may face a period of “quasi-stagflation” with relatively slow growth and excessively high producer-price inflation.

Investing Ideas

Largest U.S. Department Stores Upbeat on Upcoming Holiday Shopping Season

Macy's (M) stocks rallied after reporting comparable sales increased 37.2% on a comparable basis in Q3 and were up 35.6% on an owned-plus-licensed basis during the quarter.