Shocking Surge: U.S Corporate Defaults Hit 55, Toppling 2022’s Entire Year-End Record!
The year-to-date (YTD) corporate default tally in the United States has experienced a significant surge, according to a recent report by Moody’s Investors Service. There has been a notable increase in corporate defaults as this YTD count stands at 55, outpacing the total number of defaults recorded for the entire year of 2022, which was […]
US Business Inventories See Impressive 0.2% Uptoick in May, Demonstrating Dynamic Growth!
Inventory Levels Rise in Businesses: An Overview In the month of May, business inventories rose by 0.2% according to government official data. Business inventories refer to the unsold products that a company has in stock. It represents the physical goods or products that are awaiting sales. The increase in inventories indicates a rise in unsold […]
“New Indicators Predict Surprising Jump to $100 – Don’t Miss Out on This Fresh Increase!”
Litecoin (LTC), the ninth-largest cryptocurrency by market capitalization, has been trading below the $90 resistance zone against the U.S. Dollar (USD) in recent hours. While this puts it in a bearish zone, indicators suggest there could be a fresh increase up to $100 if it clears the $92 resistance zone. After settling below the $90 […]
For Two Weeks Straight, Banks Boost Borrowing from Fed – What’s the Inside Scoop?
Banks in the US have continued to increase their borrowing from the Federal Reserve, marking the second week in a row where this has been the case. This indicates that stresses on the financial system have yet to entirely dissipate. With borrowing increased by $11.3 billion for a total of $155.2 billion within the seven […]
Jim Cramer’s Blunder: Bitcoin Skyrockets 40% Since His ‘Sell’ Advice – Get the Scoop!
Bitcoin’s Resilience Amidst Jim Cramer’s ‘Sell’ Recommendation: A Closer Look at the 40% Growth Bitcoin, the largest and most well-known cryptocurrency, has seen its price surge by 40% since Jim Cramer, the host of CNBC’s Mad Money, recommended selling it back in June. This goes to show that Bitcoin has defied many skeptics, even amidst […]
“Snail Mail Shock: Double Stamp Price Hike Hits Your Wallet in 2021!”
On Monday, the U.S. Postal Service (USPS) announced its proposed price increases to combat the ongoing issue of heightened inflation and rectify previous defective pricing models. Among the announced increases is a 4.8% hike for the “forever” first-class stamp, which would go from 63 cents to 66 cents. If the proposed rates are approved by […]
US Wholesale Stocks Skyrocket 0.1% in February: Warehouse Surplus Reflects Booming Economy
The US Commerce Department revealed on Monday that wholesale inventories rose by 0.1% in February, while sales during the same period climbed by 0.4%. The inventory-to-sales ratio fell slightly to 1.37 months from 1.38, compared to 1.24 a year ago. This measure indicates the length of time it would take a company to sell all […]
“US Job Cuts Soar 15% in March: Interest Rates Fuel Layoff Surge & Employment Challenges”
Job cuts at U.S.-based employers surged in March, with a total of 89,703 layoffs announced—a 15% increase from the prior month. This figure marks the third time this year that job cuts have been significantly higher than in the same month the previous year. In fact, job cuts in March 2023 were more than four […]