Weekly Roundup

Markets & Economy: Bank of England edges closer to rate cut, possibly in June, as it predicts below-target inflationsource:www.apnews.comUK exits recession with fastest growth in nearly three yearssource:www.reuters.comDow to Push for 8-Session Win Streaksource:www.investorobservor.com3 things we learned from Disney’s latest earnings reportsource:www.cbsnews.comJoe Biden is expected to unveil new tariffs on Chinese EVs. Here’s what that […]

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

Our PureVest Weekly Roundup looked into this week’s key earnings reports. Alphabet (Google) announced its first-ever dividend on top of a new $70 billion buyback. Microsft had a solid report on the heels of AI demand. Meta crushed its earnings, but the stock fell as it took down some revenue guidance for the year. Tesla reported slowing demand, but its stock rallied as

Our PureVest Weekly Roundup looked into the latest headlines from the past week.  Federal Reserve Chairman Powell reiterated that he will remain patient on interest rate cuts; he has consistently said that rates will remain “higher for longer”.  Despite ongoing tensions in the Middle East, oil prices were little changed this week.  Retail Sales exceeded expectations, showing continued strength by the consumer despite higher

Our PureVest Weekly Roundup looked at the hotter-than-expected inflation numbers announced this week. Although the overall inflation trend remains lower, this is the third consecutive month of higher-than-expected inflation. Many attribute this to a strong economy. Gold and oil remained in focus this week; mortgage rates hit a 6-month high. We added an article that outlines how the stock market has

Our PureVest Weekly Roundup reviewed a recap of this week’s Fed meeting. Jerome Powell reiterated that we are at peak rates for this cycle, that he plans to cut rates three times in 2024, and that the economy and jobs market remain strong. This week, Apple was hit with an antitrust lawsuit as the DOJ targets iPhone

Our PureVest Weekly Roundup looked at February’s latest inflation readings, which led to the market’s first down week in the past seven. Persistent inflation may signal that the Federal Reserve may delay cutting interest rates longer than anticipated. It’s important to note that the overall inflation trend has steadily declined since peaking at over 9% in August of 2022. AMD is