The pharmaceutical industry, which thought it could do no wrong thanks to the COVID-19 vaccines, is taken down a peg by the Biden administration.
This week, the focus is on the health of the labor market, with the government due to report April hiring data Friday. Job growth has been one of the keys to a sustained economic rebound, but it has lagged behind other areas of the economy such as retail sales and consumer confidence.
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Stocks sink again on Wall Street as inflation worries mountInflation worries rattled Wall Street Wednesday, pulling the Dow Jones Industrial Average more than 680 points lower and placing the major stock indexes on track for their worst week in more than six months... Well, in 228 years we accrued 20 trillion in debt (1790-2018), then in the last three years we added a mind boggling 9 trillion. So yea inflation will occur. Putin has unleashed his Russian hell hounds of cyber disruption onto America's energy infrastructure. It will affect the U.S. economy adversely, w/ gas shortages & inflationary pressures. Warfare w/enemies will not be fought conventionally. But w/computers & cyber technology! who the hell knows what motivates the stocks these days?
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20 cybersecurity stocks Wall Street believes can rise up to 79% over the next yearThe ransomware attack on Colonial Pipeline Co. highlights an obvious area for growth in the technology sector. WallStreet 'advisers' and mass media: CNBC, Bloomberg have to be very proud for luring clueless retail 'investors' into the biggest StockMarket BUBBLE in history! This is what they are paid for by big corporations - turning retail investors into bagholders! Hedge Funds are selling in preparation to StockMarket crash!
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Santoli’s Thursday market notes: Stocks get twitchy ahead of big jobs report, Roku earningsNew for subscribers: Santoli’s Thursday market notes: Stocks get twitchy ahead of big jobs report, Roku earnings. Check out CNBCPro today.
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The Exchange: Finance far away from Wall StreetIt’s not often we hear from the boss of a finance business based in Milwaukee. Even more unusual is to find one that is owned by its customers. Rob Cox chats with Northwestern Mutual CEO John Schlifske about investing, interest rates, ESG and the benefits of mutual ownership.
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