Yesterday we saw an extraordinary increase in the price of Pinterest due to the announcement that PayPal is looking at the acquisition of the social media platform, both companies are currently in discussions surrounding a potential merger. Read more.
Tags : unemployment rate
As the US economy recovers with the unemployment rate on the decline and consumer spending on the rise a lot of e-commerce and retail vendors have started offering discounts in the leadup to Black Friday sooner than expected to try and stretch out holiday spending. Read more.
Friday’s unemployment figures came out with mixed results as NFP missed expectations, however with Average Hourly earnings and the Unemployment Rate coming in significantly better than expected we saw parabolic movements in both directions. Read more.
Negativity rampaged throughout the markets last week as strong selloffs in the Nasdaq, Dow and S&P indicated that there’s a risk-off approach being taken by investors following Powell’s hawkish statements with regards to tapering that is more than likely set to be announced during next month’s FOMC meeting. Read more.
Fed chair Powell addressed the elephant in the room on Friday, tapering will take place and it won’t be at the same time as when they decide to raise interest rates. Apples earnings and revenue remain positive as earnings and revenue surpassed expectations in last months earnings reports. Apple was up 0.72% on Friday’s close. Read more.