In this week’s installment of our PureVest Weekly Roundup we take a look at Jerome Powells’ testimony to congress; and what the latest data on the jobs market is saying. Mark Zuckerberg continues to bet big on the metaverse being a part of our future and revenue generator for his company. We followed that with a few articles on Individual companies that made headlines this week. Finally, we wrapped the weekly roundup up with a look at the historical returns of the S & P 500 and some charts that show what buy/hold investing can accomplish. Enjoy the light reading and have a great weekend!
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Markets & Economy:
Powell tells Congress the Fed is ‘strongly committed’ on inflation
source:www.cnbc.com
Mark Zuckerberg envisions a billion people in the metaverse spending hundreds of dollars each
source:www.cnbc.com
U.S. weekly jobless claims dip; labor market remains tight
source:www.finance.yahoo.com
United Airlines will cut 12% of Newark flights in effort to tame delays
source: www.cnbc.com
Amazon Prime Day is coming up. Focus will be on consumer staples to counter surging inflation, experts say
source: www.cnbc.com
FedEx, FourKites Announce Partnership to Improve Supply Chain
source: www.ttnews.com
Education:
What Is the Average Annual Return for the S&P 500?
source: www.investopedia.com
Historical Chart Gallery of Market Indexes
source: www.stockcharts.com