In this week’s installment of our PureVest weekly roundup we take a look at today’s job numbers which came in better than expected. Walmart and Ford are investing billions of dollars to keep pace with their competition. Earlier this week the social security administration said that benefits will be able to be paid in full until 2035 which is a year later than expected; keep in mind that 77% of benefits are paid from tax payers annually. Home prices surged over 20% vs. this time last year and the Biden administration is cancelling $5.8 billion dollars of student loans. We wrapped it up with 2 good reads about market sentiment. We thought this was a good topic to share some info on considering what has been going on in the markets in 2022. We hope you enjoy the light reading and have a great weekend!
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Markets & Economy:
Payrolls rose 390,000 in May, better than expected as companies keep hiring
source:www.cnbc.com
source:www.marketwatch.com
Walmart to open high-tech fulfillment centers to ship online orders faster
source: www.cnbc.com
Ford investing $3.7 billion to produce more electric vehicles
source: www.cbsnews.com
The Biden administration just canceled $5.8 billion in student loans—and more borrowers could see relief soon
source: www.cnbc.com
Home prices surged over 20% in March as interest rates also rose, according to S&P Case-Shiller
source: www.cnbc.com
Education:
source: www.investopedia.com
Be Ready To Act When Investor Psychology Reaches Extreme Levels
source: www.investors.com