Weekly Roundup

Our PureVest weekly roundup is taking a break from the newsflow today as there is a much greater thing to focus on as we head into the weekend. Memorial Day is more than an extended weekend of barbecuing and relaxation. We should all be thinking about those who made the ultimate sacrifice for our country while in […]

Our PureVest Weekly Roundup looked at Netflixs’ announcement that they now have close to 5 Million subscribers of their lower-priced ad tier. Republicans and Democrats may vote on the debt ceiling next week. Retail sales rose less than expected in April, which was the first monthly increase since January. Walmart beat their earnings and raised their outlook for

Our PureVest Weekly Roundup looked at the potential new CEO of Twitter after Elon Musk stepped down from the role earlier this week. A new government program will allocate as much as $10 Billion to entice new tech startups to move to the Midwest. Inflation continued to fall in April, and mortgage rates declined again. The social

Our PureVest Weekly Roundup looked at April’s jobs number, which beat expectations. Jerome Powell and the Federal Reserve hiked interest rates for a 10th consecutive time, bringing them to a 16-year high. Apple reported good earnings last night on strong iPhone sales; the stock responded positively. Used car prices fell in March, another sign that inflation is

Our PureVest Weekly Roundup looked at the key earnings reports from the week. Big tech and big oil are in focus. Q1 Earnings season has been better than many have feared. U.S. GDP only rose by 1.1% in the first quarter. Tuesday kicks off the next 2-day Fed meeting, where their final rate hike of the cycle

Our PureVest Weekly Roundup has a good lineup this week. Savings account interest rates are now at a 15-year high, yet most people aren’t taking advantage. Tesla, Netflix, and Morgan Stanley reported earnings this week. Lower margins hurt Tesla, Netflix will start its password-sharing crackdown next quarter, and Morgan Stanley was the latest financial company to report

Our PureVest Weekly Roundup looked at JP Morgan Chase’s record earnings report as Q1 results began to roll out. Citigroup and Wells Fargo also topped expectations primarily due to higher interest rates. Retail Sales declined in March. Apple now manufactures nearly 7% of their iPhones in India to shift production away from China. Tax Day 2023 is