Weekly Roundup

Our PureVest Weekly Roundup reviewed these critical headlines from the past week. We looked at how four vital economic issues were addressed by both candidates in the first presidential debate last night.  Tax cuts, inflation, and jobs were in focus.  Amazon’s stock hit an all-time high Wednesday, surpassing a $2 trillion market cap for the first time.  Oil is […]

Our PureVest Weekly Roundup reviewed the key takeaways from the Fed’s latest meeting.  Apple’s stock surged to all-time highs on the heels of its AI-related announcements at its annual WWDC conference.  Mortgage rates fell to a 2-month low after this week’s reports on inflation.  Netflix continues to add live sports to its platform, as it will air NFL games on Christmas. 

With earnings season in the rear view, markets turned their attention back to IF and WHEN the Fed cuts interest rates.  Our PureVest Weekly Roundup looked at May’s non-farm payroll numbers, which showed that employers created much better-than-expected 272,000 jobs.  We added a preview of Jerome Powell and the Federal Reserve’s upcoming meeting.  A good article about when mortgage rates can be expected to drop

Our PureVest Weekly Roundup looked at the latest inflation data reported today.  The Core PCE number is regarded as one of the Fed’s key numbers when assessing inflation.  Nvidia continues to defy gravity following record earnings and the announcement of a 10-1 stock split last week; it is now closing in on surpassing Apple’s market cap.  Costco reported

Our PureVest Weekly Roundup looked at what’s been driving the Dow as it rallied to 40,000 for the first time.  Inflation and retail sales data pointed to a cooler economy this week.  This led interest rates lower and markets higher as many believe the economy is in the sweet spot: a growing and healthy economy without being too hot.  Walmart hit an all-time high as revenues grew

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