Month: May 2024

Every day, you read news stories about the state of the economy and the stock market affecting consumer and investor behavior. The story goes something like this: When the economy and financial markets show signs Read more…

Sometimes a struggling retailer manages to mask its troubles, so customers have no idea that anything might be wrong.  That’s a good tactic in some ways, especially for a privately held company, because when vendors Read more…

NBC is poised to take away Warner Bros. Discovery’s NBA’s media rights package. It looked like that late last month when it was first reported by the Wall Street Journal that Comcast was throwing at Read more…

The Consumer Price Index (CPI) rose 0.3% month-on-month (m/m) in April, a tick below the consensus forecast. On a twelve-month basis, CPI inflation edged lower by 0.1 percentage points to 3.4%. Higher gasoline prices (+2.8% Read more…

Retail sales came in flat for the month of April. Additionally, March’s growth was revised downward to a 0.6 % gain (previously 0.7%). The reading was lower than the consensus forecast calling for a modest Read more…

Fast facts:  Rite Aid has been hemorrhaging money and struggling to keep up in the competitive retail pharmacy industry amid high inflation, rising costs, and a heap of lawsuits resulting from filling hundreds of thousands Read more…

NZDUSD rises above 200-day SMA too RSI and stochastics suggest more bullish moves NZDUSD is flying above the medium-term ascending trend line and the 200-day simple moving average (SMA), indicating a potential upside recovery. According Read more…

Daily Pivots: (S1) 1.0783; (P) 1.0804; (R1) 1.0842; More… Intraday bias in EUR/USD remains on the upside as rise from 1.0601 is in progress. Firm break of 1.0884 will pave the way to 1.0980 resistance Read more…