Editor’s Note: Happy Friday, amigos! Losses for Intel’s Foundry Biz Shares of Intel (NSDQ: INTC) tumbled this week after the company announced its foundry business recorded a deepening operating loss for 2023. Intel’s foundry business is the unit responsible… Read More

Editor’s Note: Yeehaw, it’s Wednesday again! Consumer Sentiment on the Rise According to the University of Michigan, U.S. consumer sentiment is on the rise, supported by hopes that inflation will continue to wane. The university’s consumer sentiment index increased from 76.5 earlier last… Read More

Editor’s Note: Happy Friday, dear reader! And Happy Easter if you celebrate! What Impact Could the Baltimore Bridge Disaster Have on the Economy? Analysts have mixed opinions on what impact the tragic collapse of the Francis Scott Key Bridge in Baltimore, Maryland (my hometown) will… Read More

Editor’s Note: What a week. And it’s only Wednesday! Anyway, let’s get to it. Cocoa Prices Hit All-Time High Cocoa futures for May delivery have risen by 3.9% to $10,030 per metric ton. This is the first time prices for the commodity have crossed the $10,000 line. Read More

Editor’s Note: Happy Friday, dear reader!   The Fed Keeps Rates Still This week, the Federal Reserve surprised absolutely no one by announcing it’s holding interest rates steady. The Federal Open Market Committee (FOMC) decided to keep its benchmark overnight borrowing rate in the same range of… Read More

Editor’s Note: Well, today’s Fed announcement was a real surprise… not! Oh well. Let’s get to it! Adobe’s Disappointing Forecast Shares of Adobe (NSDQ: ADBE) plunged on Friday after the software company announced weak guidance for the current quarter. Adobe said that it’s… Read More

Happy Friday, dear readers! This week certainly buzzed by quickly — probably because of all the goings on in the world and markets. Let’s get to it! This Week’s Data Dump There was plenty of data on the state of the U.S. economy released this week. In particular, economists were eyeing the Producer Price Index (PPI) February report from the Bureau of Labor Statistics (BLS), as well as the Census Bureau’s retail sales report for last month. First, the PPI, which measures the prices producers of goods and services receive. These aren’t the prices that… Read More

Happy Friday, dear readers! This week certainly buzzed by quickly — probably because of all the goings on in the world and markets. Let’s get to it! This Week’s Data Dump There was plenty of data on the state of the U.S. economy released this week. In particular, economists were eyeing the Producer Price Index (PPI) February report from the Bureau of Labor Statistics (BLS), as well as the Census Bureau’s retail sales report for last month. First, the PPI, which measures the prices producers of goods and services receive. These aren’t the prices that consumers pay; rather, they’re the wholesale prices. The PPI can be a good indicator of future consumer prices because it measures upstream costs. If the PPI runs high, we can expect consumer prices — such as those measured by the Consumer Price Index (CPI) — to be higher in the near future. Anyway, the BLS reported that the PPI rose by 0.6% last month. That’s higher than the 0.3% analysts had been expecting, according to Dow Jones. It’s also higher than the 0.3% uptick recorded for January. On a year-over-year basis, the PPI jumped by 1.6%. Read More

Editor’s Note: Sigh… inflation… sigh… Let’s get to it. February CPI Comes in Slightly Hotter Than Expected According to the Bureau of Labor Statistics, the Consumer Price Index (CPI) reading for February was higher than expected. Prices rose by 3.2% on a year-over-year basis. Read More

Editor’s Note: It’s Friday! Cue the celebrations… and the obligatory meme. But first, let’s get to it. A Week of Woe for Apple This has not been a good week for Apple (NSDQ: AAPL). For one thing,… Read More

Editor’s Note: It’s Wednesday again. That means it’s time for another roundup of news. Let’s get to it! The EU Fines Apple This week, the European Commission… Read More