| Our PureVest Weekly Roundup looked at the latest jobs report from April. The unemployment rate ticked up but remained below the critical 4% level. On Wednesday, Jerome Powell held interest rates steady and ruled out a hike as his next policy move. After a sluggish start to 2024, Apple stock rallied following their earnings beat and announcement of a record $110 Billion buyback. Cryptocurrency speculation increased in the first quarter, driving solid earnings from Coinbase. Several economic bellwethers signaled that inflation is starting to take its toll on the low-income consumer. We saw some innovation in the ETF space as Calamos rolled out a new ETF with similar characteristics to an Indexed Annuity. Enjoy the light reading, and have a great weekend. |
| Markets & Economy: U.S. job growth totaled 175,000 in April, much less than expected, while unemployment rose to 3.9% source:www.cnbc.com Fed meeting recap: Powell pretty much rules out a hike as the central bank’s next move source:www.cnbc.com Apple Stock Jumps on Better-Than-Expected Earnings, $110 Billion Buyback Program source:www.investopedia.com Coinbase first quarter profits surged above $1 billion on ETF frenzy source:www.yahoofinance.com McDonald’s and other big brands warn that low-income consumers are starting to crack source:www.cnbc.com New Calamos ETF promises ‘100% downside protection.’ Here’s how it works source:www.cnbc.com Education: Are Social Security Benefits Taxable? source:www.investopedia.com |