Our PureVest Weekly Roundup looked at the important economic news from the week. Inflation readings at both the consumer and producer level were announced; Retail sales came in much higher than forecasted. Economic sanctions that target Russian oil exports are working. The SEC announced new rule proposals this week as they continue to try and regulate the crypto market. Tesla recalls 362,000 vehicles, and AirBNB reported a solid quarter. We also added two articles on technical analysis that introduce the topic well. Enjoy the light reading, and have a great weekend.
Markets & Economy:
January CPI inflation rate slows to 6.4% but monthly inflation rose by 0.5%
source:www.usatoday.com
Retail sales jump 3% in January, smashing expectations
source:www.cnbc.com
Sanctions on Russian oil are having the ‘intended effect,’ IEA says
source:www.cnbc.com
SEC proposes rules that would change which crypto firms can custody customer assets
source:www.cnbc.com
Tesla to Recall 362,000 Cars With Its ‘Full Self Driving’ System
source:www.nytimes.com
Airbnb beats on profit and revenue, stock is up
source:www.cnbc.com
Education:
Technical Analysis: What It Is and How to Use It in Investing
source:www.investopedia.com
Understanding Basic Candlestick Charts
source:www.investopedia.com