The Latest Headlines at The AM Reporter
Gold Stumbles Under the Pressure of a Strong Dollar and Brooding Rate Hikes
As a commodity, gold fell to a nine-month low, earlier this week. This adds to existing pressure from the presently-strong dollar, as well as a pending rate hike. Investors now await for the latest economic data to see how it might... More of this article »
US Mortgage Rates Slip As Housing Industry Complications Grow
This past week, mortgage rates in the United States fell at their fastest pace in more than 10 years, mostly on economic uncertainty in the bond market at a time when home prices have soared to historic heights. Specifically, the average... More of this article »
GameStop Replaces CFO In Aggressive Turnaround Plan
Video game retail chain GameStop Corp has let go its Chief Financial Officer, Mike Recupero, and will be making more job cuts in the near future as they try to turn their business around. Actually, the Grapevine, TX-based company said... More of this article »
FDA Announces Plan to Diversify Baby Formula Industry to Increase Availability
In the middle of the first week of July, the United States Food and Drug Administration announced a new plan intended to begin to address the baby formula shortage in the United States. Of course, this shortage came out of the shutdown... More of this article »
Twitter Begins Testing of Collaborative Author “CoTweets”
During the first week of July, Twitter started testing a brand new feature that would allow two separate accounts to author the same tweet within the social network. This new “CoTweets” feature allows not only two accounts to co-author... More of this article »
Oil Takes a Dive As IMF Cuts Global Growth Forecast
Oil prices dipped roughly 5 percent on Tuesday’s volatile trading activity after the International Monetary Fund slashed its economic growth forecast and expressed concern over continued high inflation. As such, the global benchmark... More of this article »
Lululemon Expects Doubling Sales—to $12.5B—in the Next Five Years
While tech stocks have taken a hit—mostly reeling from Netflix’s first subscriber loss in more than 10 years—apparel companies may have a better outlook. For one, athletic wear company Lululemon is looking to double its 2021... More of this article »
Dow UP 250 Points, but Nasdaq Takes a Big Hit On Big Loss from Netflix
The market floor was divided on Wednesday as Wall Street traders tried to strategize a rush of first-quarter earnings activity. With that, the Dow Jones Industrial Average bounced back on strong earnings from Procter & Gamble. ... More of this article »
IMF Advises Governments Should Protect the Vulnerable When Handling Covid Debt
Sentiments at the International Monetary Fund have long been pessimistic. In just the last year alone, the global body responsible for keeping the world economy stable has kept a gloomy outlook. Of course, the data certainly supports... More of this article »
Gold Prices Rise Along With Inflation
Gold futures eked their way up across international markets, this week, to peak at heights not seen since about a month ago. Specifically, spot gold saw a bump of 0.5%, to $1,984.58 per ounce. This helped to shore up US gold futures,... More of this article »
Stock Market Sluggish As 10-Year Treasury Bond Yields Reach Five-Year High
As the 10-year US treasury bond yield climbs to its highest mark in five years, the US stock market took a dip, this week. Investors now wait for the latest quarterly earnings report to begin forming strategies for the months to come. Indeed,... More of this article »
10-Year US Treasury Bond Yield Hits Three-Year High
In the face of rising inflation, the US Treasury 10-year benchmark yield hit its highest level in at least the past three years, on Monday. Indeed, the biggest 10-year US Treasury note jump registered 4 basis points, to 2.851%, in... More of this article »
Twitter Adopts “Poison Pill” Plan to Block or Delay Elon Musk’s Plan to Buy the Company
Twitter adopted a limited duration shareholder rights plan, often called a “poison pill,” essentially that would block or delay billionaire Elon Musk’s bid to buy the company for $43 billion. The board voted unanimously... More of this article »