Nasdaq, S&P, Dow drop after payrolls rise more than expected
Major market averages shift lower with the opening bell as the U.S. economy added more jobs than expected in May. At the start of trading the Dow Jones (DJI) is…
A coming crypto storm for central banks? Focus on digital money intensifies
Digital money, a curiosity just a few years ago, is emerging as an intense concern among central banks with the potential to erode the power of monetary policy, and even…
Fed’s Mester says inflation hasn’t peaked and multiple half-point rate hikes are needed
The Federal Reserve needs to raise rates by a half-of-a-percentage point at each of its next two meetings, and then assess if inflation has moderated enough to slow the pace…
“Staggering amount of investment capital” focused on proptech
The Chicago Chapter of The Society of Industrial and Office Realtors (SIOR) recently hosted its spring luncheon at Gibson’s Restaurant in Oak Brook. Ryan Moen, SIOR, Principal and Co-Founder of…
Lumber is the cheapest in 7 months as housing markets soften
The days of pricey lumber might finally be over. Lumber futures are toppling to levels not seen since November amid fears of a softening housing market and economic recession. Futures…
Conditions for a global stock meltdown have been met, research firm says
The five pillars of global financial stability are faltering dangerously, according to quant research shop Gavekal-IS. Currently, “the conditions for a global equity crash are met,” Gavekal said in a…
Nasdaq, S&P 500, Dow Jones surge despite warning from Microsoft
Optimism returned to Wall Street on Thursday, as investors shrugged off rising economic worries and a warning from Microsoft to send stocks sharply higher. The advance revived the sentiment that…
Apple proposes more flexible work schedules amid unionization efforts
Apple is retooling work schedules to provide more flexibility for retail employees in an attempt to get ahead of unionization efforts. The Cupertino tech giant has begun informing staff at…
Recession-resistant Coke (KO)
Coca-Cola (KO) Doesn’t matter if the economy is booming or busting, a can of Coke is affordable to everyone. Add in a healthy dividend that has grown for 59 years…
Griffon Corp (GFF) Blows Up
Bought this company on Chuck Carnevale‘s analysis, and it just kept going down. But ever since the latest earnings it’s been creeping up and today BOOM! Up 20% so far:…