Weekly Roundup 6/10/22

In this week’s installment of our PureVest Weekly Roundup we take a look at everything new Apple announced this week at the World Wide Developer’s Conference. Despite rising food prices; Costco saw a record percentage of customers renew their membership and is now mulling a rate increase. The European Central Bank will be hiking rates next month to fight inflation, and mortgage demand fell to a 22-year low as home affordability prices out new buyers. The saga continues with Twitter and Elon Musk with a potential shareholder vote brewing for August. We wrapped it up with an explanation of what Core Inflation is and 2 articles about the controversial new golf league that is going to rival the PGA. Enjoy the light reading and have a great weekend!

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Markets & Economy:

Costco discussing membership rate hikes after renewals hit 90%
source:www.marketwatch.com

Here’s everything Apple just announced
source:www.cnbc.com

European Central Bank confirms July rate hike plans, raises inflation projections significantly
source: www.cnbc.com

Mortgage demand falls to the lowest level in 22 years amid rising rates and slowing home sales
source: www.cnbc.com

Twitter plans shareholder vote by August on sale to Musk
source: www.cnbc.com

Weekly jobless claims hit 229,000- The four-week moving average for continuing claims remained around its lowest level since 1970.

source: www.cnbc.com
 

Education: 

 What Is Core Inflation?

source: www.investopedia.com 

Just For Fun:

 What is LIV Golf? A simple primer on the controversial new golf league
source: www.golfnow.com

PGA Tour suspends all players taking part in first LIV Golf tournament
source: www.espn.com

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