Wednesday, February 02, 2022 00:49:58 UTC
With government expenditure and borrowing continuing to rise, the latest Treasury Department data shows the United States national debt has reached $30 trillion.
The new record is for the entire outstanding debt of the federal government, which includes $23.487 trillion in public debt and an additional $6.525 trillion in intra-government debt, such as federal trust funds and other account.
A $5 trillion borrowing spree for pandemic relief was well underway before the coronavirus spurred an increase in Congress' spending at a regular pace.(More)
#spx #irs #treasurydepartment #debt #spending #pandemic #federal #trust #funds #covid
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Google 20-1 stock split
Friday, January 28, 2022 11:07:57 UTC
Apple reported record revenue of $123.9B in 2021 Q4, an 11% increase over the same period, previous year. Shares soared 5% after hours yesterday.
Apple's services business soared. Chip shortages were primarily limited to iPad sales. iPhone and computer company's net profit in the final three months of the year increasing by 20% to $34.6B, much above predictions of $31.1B. Revenue exceeded experts' projections of $119 billion and the $111.4 billion recorded a year ago.
Apple's shares soared 5% after the company's earnings report was released late yesterday.(More)
APPLE UP, DEFYING DOUBTERS
Friday, January 28, 2022 11:07:57 UTC
Apple reported record revenue of $123.9B in 2021 Q4, an 11% increase over the same period, previous year. Shares soared 5% after hours yesterday.
Apple's services business soared. Chip shortages were primarily limited to iPad sales. iPhone and computer company's net profit in the final three months of the year increasing by 20% to $34.6B, much above predictions of $31.1B. Revenue exceeded experts' projections of $119 billion and the $111.4 billion recorded a year ago.
Apple's shares soared 5% after the company's earnings report was released late yesterday.
#aapl #amzn #shop #jpm #appleinc #huawei #iphone #ios #covid #stores #earnings
Wednesday, January 12, 2022 12:10:01 UTC
In 2022, Covid will not be the world's top public enemy. Inflation and the likelihood that policymakers dismiss the post-Covid rebound will be the major threats this year.
For most of 2021, policymakers at the Federal Reserve and many other central banks were confident in dismissing labor shortages and supply-chain bottlenecks as pandemic side effects. Lingering fear of Covid and those extra federal dollars in bank accounts were discouraging many of the unemployed from returning to work. The central banks reasoned that given enough time, these difficulties would be resolved.
President Biden and his White House have not solved either issue.
The pandemic may have permanently altered the way we work and shop, but after the virus has been eradicated, the basic dynamics of demand and supply will swiftly return to normal. Then inflation will begin to return to the Federal Reserve's long-term target of 2%. If they're correct, officials will have avoided a recession by guiding the US economy to a smooth landing. If they are wrong, we shall all pay the price in 2023.(More)
INFLATION, NOT COVID, IS THE PROBLEM
Wednesday, January 12, 2022 12:10:01 UTC
In 2022, Covid will not be the world's top public enemy. Inflation and the likelihood that policymakers dismiss the post-Covid rebound will be the major threats this year.
For most of 2021, policymakers at the Federal Reserve and many other central banks were confident in dismissing labor shortages and supply-chain bottlenecks as pandemic side effects. Lingering fear of Covid and those extra federal dollars in bank accounts were discouraging many of the unemployed from returning to work. The central banks reasoned that given enough time, these difficulties would be resolved.
President Biden and his White House have not solved either issue.
The pandemic may have permanently altered the way we work and shop, but after the virus has been eradicated, the basic dynamics of demand and supply will swiftly return to normal. Then inflation will begin to return to the Federal Reserve's long-term target of 2%. If they're correct, officials will have avoided a recession by guiding the US economy to a smooth landing. If they are wrong, we shall all pay the price in 2023.
#pfe #mrna #pfizerinc #pfizer #moderna #vaccine #covid #inflation #federalreserve #joebide
OMICRON LESS OF BUSINESS THREAT?
1.7.22 10:14 AM UTC
Despite companies asking workers to work from home due to the omicron strain, hiring is projected to have been strong and broad-based in December.
OMICRON LESS OF BUSINESS THREAT?
Friday, January 07, 2022 10:14:43 UTC
Despite companies asking workers to work from home due to the omicron strain, hiring is projected to have been strong and broad-based in December.
#shop #amzn #pypl #tgt #shopifyinc #target #omicron #covid #jobs #lasallenetwork #tomgimbel
MORE COVID WOES: FED RESERVE
1.5.22 2:58 PM UTC
The newest COVID-19 wave is reducing labor supply, leading the Federal Reserve to conclude that employment is approaching its practical limits.
APPLE CLOSING NYC STORES
12.29.21 1:14 PM UTC
Apple is curtailing services at its New York City stores as the region continues to face a surge in Covid cases. Following the announcement, the stock remained largely unchanged.
APPLE CLOSING NYC STORES
Wednesday, December 29, 2021 13:14:54 UTC
Apple is curtailing services at its New York City stores as the region continues to face a surge in Covid cases. Following the announcement, the stock remained largely unchanged.
#aapl #amzn #shop #jpm #appleinc #huawei #iphone #ios #covid #stores #geniusbar
U.S. FUTURES RISE CAUTIOUSLY
12.27.21 12:04 PM UTC
European markets and U.S. futures rose this morning, amid light trading and a cautious atmosphere as traders assessed rising coronavirus infections.
CARNIVAL CRUISE DENIED, STOCK DROPS
12.27.21 11:59 AM UTC
After a'small number' of passengers onboard tested positive for COVID, the Carnival cruise ship was denied access to two ports. The stock reacts by dropping substantially.
CARNIVAL CRUISE DENIED, STOCK DROPS
Monday, December 27, 2021 11:59:31 UTC
After a'small number' of passengers onboard tested positive for COVID, the Carnival cruise ship was denied access to two ports. The stock reacts by dropping substantially.
#ccl #carnivalcorp #royalcaribbean #cruiseship #vacation #covid #carnivalfreedom
FAUCI: MASKS ON AIRPLANES STAY ON
12.27.21 11:49 AM UTC
Dr. Fauci said taking masks off while on an airplane is "not something we should even be considering." Airline stocks immediately react negatively, based on potential travel drops.
FAUCI: MASKS ON AIRPLANES STAY ON
Monday, December 27, 2021 11:49:33 UTC
Dr. Fauci said taking masks off while on an airplane is "not something we should even be considering." Airline stocks immediately react negatively, based on potential travel drops.
#aal #americanairlines #boeing #delta #jetblue #anthonyfauci #travel #covid #masks
NOVAVAX APPROVED FOR EMERGENCY USE
12.20.21 12:57 PM UTC
With an emergency approval for use by the WHO, Novavax is ripping in premarket, and options have been historically adjusting very well for this stock.
NOVAVAX APPROVED FOR EMERGENCY USE
Monday, December 20, 2021 12:57:10 UTC
With an emergency approval for use by the WHO, Novavax is ripping in premarket, and options have been historically adjusting very well for this stock.
STOCKS FALL AFTER MANCHIN BBB SHOCKER
12.20.21 12:33 PM UTC
Stocks responded negatively in pre-market today when Sen. Mancin rejected Biden's Build Back Better plan Sunday with a sarcastic comment about its flaws.
STOCKS FALL AFTER MANCHIN BBB SHOCKER
Monday, December 20, 2021 12:33:45 UTC
Stocks responded negatively in pre-market today when Sen. Mancin rejected Biden's Build Back Better plan Sunday with a sarcastic comment about its flaws.
#moderna #pfizer #vaccine #covid #omicron #buildbackbetter #joebiden #joemanchin
PFIZER TO BUY ARENA PHARMACEUTICALS $6.7B
12.13.21 12:07 PM UTC
Pfizer has agreed to cash buy Arena Pharmaceuticals in a deal with a value of about $6.7 billion. The announcement bolstered Arena shares (ARNA) by 91% in premarket.
PFIZER TO BUY ARENA PHARMACEUTICALS $6.7B
Monday, December 13, 2021 12:07:25 UTC
Pfizer has agreed to cash buy Arena Pharmaceuticals in a deal with a value of about $6.7 billion. The announcement bolstered Arena shares (ARNA) by 91% in premarket.
#pfizer #arenapharmaceuticals #covid #vaccine #premarket #crohnsdisease
PFIZER MAY HAVE OMICRON BEAT
12.8.21 1:03 PM UTC
Pfizer and BioNTech have announced a two-shot vaccine, plus a third booster was able to neutralize the new Omicron variant, and could be ready by March 2022.
PFIZER MAY HAVE OMICRON BEAT
Wednesday, December 08, 2021 13:03:58 UTC
Pfizer and BioNTech have announced a two-shot vaccine, plus a third booster was able to neutralize the new Omicron variant, and could be ready by March 2022.
#pfizer #biontech #omicron #covid #americanairlines #booster #vaccine
MODERNA TUMBLE TOPS S&P 500
12.7.21 11:57 AM UTC
Moderna Inc. dropped more than 13% last night earning the title of worst performing stock in the S&P 500. Just last week it topped the same benchmark.
MODERNA TUMBLE TOPS S&P 500
Tuesday, December 07, 2021 11:57:27 UTC
Moderna Inc. dropped more than 13% last night earning the title of worst performing stock in the S&P 500. Just last week it topped the same benchmark.
#moderna #mrna #covid #vaccine #pfizer #omicron #berniesanders
OMICRON CASES APPROACHING HALF OF USA
12.6.21 12:58 PM UTC
Cases of the latest Covid variant, omicron have been identified in a third of all U.S. states. The FDA looks to expedite authorization for modified vaccines.
OMICRON CASES APPROACHING HALF OF USA
Monday, December 06, 2021 12:58:13 UTC
Cases of the latest Covid variant, omicron have been identified in a third of all U.S. states. The FDA looks to expedite authorization for modified vaccines.
#covid #pfizer #pfe #biontech #bntc #moderna #mrna #vaccine #omicron
US JOBS LESS THAN EXPECTED
12.3.21 3:22 PM UTC
The US Labor Department reported today that payrolls in November were up by just 210,000, far below the 550,000 jobs forecast.
US JOBS LESS THAN EXPECTED
Friday, December 03, 2021 15:22:14 UTC
The US Labor Department reported today that payrolls in November were up by just 210,000, far below the 550,000 jobs forecast.
#unemployed #covid #jobless #omicron #panic #pfizer #moderna
BOEING STAFF GET VAXED OR GET FIRED
10.13.21 5:20 PM UTC
Boeing staff must be vaccinated by December 8 or they'll be fired. New Biden law includes federal employees and those who do business with the federal government.
BOEING STAFF GET VAXED OR GET FIRED
Wednesday, October 13, 2021 17:20:49 UTC
Boeing staff must be vaccinated by December 8 or they'll be fired. New Biden law includes federal employees and those who do business with the federal government.
#boeing #covid #vaccination #federalemployees #protest #joebiden