Down 1,101 points. Google ruling probably didn’t help.
I am still up 6600 for the year.....
How do you know?
yahoo finance is linked to my 401k holdings. took a hit because I do index funds along side a target date fund.
But it’s all on paper. Realized gains and losses only occur when you sell. I know what you’re saying. It’s why I give two shits about the ups and downs of Wall Street. I have yet to “cash out.”
I subscribe to the ronco school of investment. Set it and forget it.
Not today Sir, Probably not tomorrow.............................................. bayfront arena st. pete '94
you're finally here and I'm a mess................................................... nationwide arena columbus '10
memories like fingerprints are slowly raising.................................... first niagara center buffalo '13
another man ..... moved by sleight of hand...................................... joe louis arena detroit '14
Down 1,101 points. Google ruling probably didn’t help.
I am still up 6600 for the year.....
How do you know?
yahoo finance is linked to my 401k holdings. took a hit because I do index funds along side a target date fund.
But it’s all on paper. Realized gains and losses only occur when you sell. I know what you’re saying. It’s why I give two shits about the ups and downs of Wall Street. I have yet to “cash out.”
I subscribe to the ronco school of investment. Set it and forget it.
From Letter From An American. But let’s blame BK, right?
That economic strength came with inflation, both because people had more money to spend thanks to higher wages and because that cash meant that corporations could continue to charge higher prices: the net profits of food companies, for example, are up by a median of 51% since just before the pandemic, according to Tom Perkins of The Guardian, and one egg producer’s profits went up by around 950% (not a typo). To get inflation under control, Federal Reserve chair Jerome Powell—a Trump appointee, by the way—kept interest rates high.
Data: FHLMC and Federal Reserve via FRED; Chart: Axios Visuals
Even if Treasury yields don't fall further from their current levels, there's still quite a lot of room for mortgage rates to continue to drop.
Why it matters: Mortgage rates are still more than 2.6 percentage points higher than the 10-year Treasury yield. That's way above historic levels.
Follow the money: Throughout the 2010s, 30-year mortgages averaged 1.69 percentage points more than the 10-year bond yield.
If the mortgage spread tightened back to that level, and Treasury yields stay exactly where they are, then the 30-year mortgage rate would fall from 6.55% to 5.57%.
Between the lines: Banks have largely retreated from the mortgage business, so there's less competition on rates — and that's one reason why the spread is higher now. Still, mortgage spreads are unlikely to stay this high indefinitely.
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brianlux
Moving through All Kinds of Terrain. Posts: 42,276
Not sure where to put this, but seems appropriate here. When you drive a Tesla or subscribe to X, you ride with Musk, shop Amazon, you ride with Bezos. No thanks.
I'm on Facebook and ride with Zuckerberg because some people close to me only keep in touch through FB. I love them, but hate that.
"Pretty cookies, heart squares all around, yeah!" -Eddie Vedder, "Smile"
Not sure where to put this, but seems appropriate here. When you drive a Tesla or subscribe to X, you ride with Musk, shop Amazon, you ride with Bezos. No thanks.
I'm on Facebook and ride with Zuckerberg because some people close to me only keep in touch through FB. I love them, but hate that.
The beauty of the system is that, either in or outside of a retirement fund, in 2012 anyone could put a smallish sum of money in Google , Apple, Amazon, etc and seen their investments rise 10x. Back then it was obvious these big tech stocks were behemoths. Just bag a lunch, skip the lattes, keep scrimping and saving.
but yes, the minimum wage should be indexed to inflation. Many states have raised the minimum wage recently
taxing unrealized gains might not have the desired effect.
google just lost a major antitrust case. What is the doj going to do? No one can tough their search engine, and Apple literally said every other search engine is garbage.
Not today Sir, Probably not tomorrow.............................................. bayfront arena st. pete '94
you're finally here and I'm a mess................................................... nationwide arena columbus '10
memories like fingerprints are slowly raising.................................... first niagara center buffalo '13
another man ..... moved by sleight of hand...................................... joe louis arena detroit '14
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email
Signs reading, ‘please bear with us: we are currently experiencing interruptions in our supply chain which may affect the availability of certain products,’ is seen taped to the drive-up menu at a Wendy’s restaurant on May 06, 2020 in Miami, Florida.
Joe Raedle | Getty Images News | Getty Images
Inflation rose as expected in July, driven by higher housing-related costs, according to a Labor Department report Wednesday that is likely to keep an interest rate cut on the table in September.
The consumer price index, a broad-based measure of prices for goods and services, increased 0.2% for the month, putting the 12-month inflation rate at 2.9%. Economists surveyed by Dow Jones had been looking for respective readings of 0.2% and 3%.
Excluding food and energy, core CPI came in at a 0.2% monthly increase and a 3.2% annual rate, meeting expectations.
The annual rate is the lowest since March 2021, while the core is the lowest since April 2021, according to the Bureau of Labor Statistics report. Headline inflation was 3% in June.
A 0.4% increase in shelter costs was responsible for 90% of the all-items inflation increase. Food prices increased 0.2% while energy was flat.
Stock market futures were mildly negative after the report while Treasury yields were mostly higher.
Though food inflation was soft on the month, multiple categories saw sizeable increases, most notably eggs, which were up 5.5%. Cereals and bakery items declined 0.5% while dairy and related products fell 0.2%.
Inflation readings have been gradually drifting back to the central bank’s 2% target. A report Tuesday from the Labor Department showed that producer prices, a proxy for wholesale inflation, rose just 0.1% in July and were up 2.2% year over year.
Fed officials have indicated a willingness to ease, though they’ve been careful not to commit to a specific timetable nor to speculate about the pace at which cuts might occur. Futures market pricing currently points to about an even chance of a quarter- or half-percentage point reduction at the Sept. 17-18 meeting and at least a full point in moves by the end of 2024.
As inflation has eased, percolating concerns about a slowing labor market seemed to have raised the likelihood that the Fed will start cutting for the first time since the early days of the Covid crisis.
“Coming down but the sticky areas continue to be sticky,” Liz Ann Sonders, chief investment strategist at Charles Schwab, said in describing the CPI report. “We have to keep a close eye on both the inflation data as well as the employment data.”
There were several crosscurrents in the report that indeed suggest inflation is stubborn in some areas.
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email
Signs reading, ‘please bear with us: we are currently experiencing interruptions in our supply chain which may affect the availability of certain products,’ is seen taped to the drive-up menu at a Wendy’s restaurant on May 06, 2020 in Miami, Florida.
Joe Raedle | Getty Images News | Getty Images
Inflation rose as expected in July, driven by higher housing-related costs, according to a Labor Department report Wednesday that is likely to keep an interest rate cut on the table in September.
The consumer price index, a broad-based measure of prices for goods and services, increased 0.2% for the month, putting the 12-month inflation rate at 2.9%. Economists surveyed by Dow Jones had been looking for respective readings of 0.2% and 3%.
Excluding food and energy, core CPI came in at a 0.2% monthly increase and a 3.2% annual rate, meeting expectations.
The annual rate is the lowest since March 2021, while the core is the lowest since April 2021, according to the Bureau of Labor Statistics report. Headline inflation was 3% in June.
A 0.4% increase in shelter costs was responsible for 90% of the all-items inflation increase. Food prices increased 0.2% while energy was flat.
Stock market futures were mildly negative after the report while Treasury yields were mostly higher.
Though food inflation was soft on the month, multiple categories saw sizeable increases, most notably eggs, which were up 5.5%. Cereals and bakery items declined 0.5% while dairy and related products fell 0.2%.
Inflation readings have been gradually drifting back to the central bank’s 2% target. A report Tuesday from the Labor Department showed that producer prices, a proxy for wholesale inflation, rose just 0.1% in July and were up 2.2% year over year.
Fed officials have indicated a willingness to ease, though they’ve been careful not to commit to a specific timetable nor to speculate about the pace at which cuts might occur. Futures market pricing currently points to about an even chance of a quarter- or half-percentage point reduction at the Sept. 17-18 meeting and at least a full point in moves by the end of 2024.
As inflation has eased, percolating concerns about a slowing labor market seemed to have raised the likelihood that the Fed will start cutting for the first time since the early days of the Covid crisis.
“Coming down but the sticky areas continue to be sticky,” Liz Ann Sonders, chief investment strategist at Charles Schwab, said in describing the CPI report. “We have to keep a close eye on both the inflation data as well as the employment data.”
There were several crosscurrents in the report that indeed suggest inflation is stubborn in some areas.
Not today Sir, Probably not tomorrow.............................................. bayfront arena st. pete '94
you're finally here and I'm a mess................................................... nationwide arena columbus '10
memories like fingerprints are slowly raising.................................... first niagara center buffalo '13
another man ..... moved by sleight of hand...................................... joe louis arena detroit '14
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email
Signs reading, ‘please bear with us: we are currently experiencing interruptions in our supply chain which may affect the availability of certain products,’ is seen taped to the drive-up menu at a Wendy’s restaurant on May 06, 2020 in Miami, Florida.
Joe Raedle | Getty Images News | Getty Images
Inflation rose as expected in July, driven by higher housing-related costs, according to a Labor Department report Wednesday that is likely to keep an interest rate cut on the table in September.
The consumer price index, a broad-based measure of prices for goods and services, increased 0.2% for the month, putting the 12-month inflation rate at 2.9%. Economists surveyed by Dow Jones had been looking for respective readings of 0.2% and 3%.
Excluding food and energy, core CPI came in at a 0.2% monthly increase and a 3.2% annual rate, meeting expectations.
The annual rate is the lowest since March 2021, while the core is the lowest since April 2021, according to the Bureau of Labor Statistics report. Headline inflation was 3% in June.
A 0.4% increase in shelter costs was responsible for 90% of the all-items inflation increase. Food prices increased 0.2% while energy was flat.
Stock market futures were mildly negative after the report while Treasury yields were mostly higher.
Though food inflation was soft on the month, multiple categories saw sizeable increases, most notably eggs, which were up 5.5%. Cereals and bakery items declined 0.5% while dairy and related products fell 0.2%.
Inflation readings have been gradually drifting back to the central bank’s 2% target. A report Tuesday from the Labor Department showed that producer prices, a proxy for wholesale inflation, rose just 0.1% in July and were up 2.2% year over year.
Fed officials have indicated a willingness to ease, though they’ve been careful not to commit to a specific timetable nor to speculate about the pace at which cuts might occur. Futures market pricing currently points to about an even chance of a quarter- or half-percentage point reduction at the Sept. 17-18 meeting and at least a full point in moves by the end of 2024.
As inflation has eased, percolating concerns about a slowing labor market seemed to have raised the likelihood that the Fed will start cutting for the first time since the early days of the Covid crisis.
“Coming down but the sticky areas continue to be sticky,” Liz Ann Sonders, chief investment strategist at Charles Schwab, said in describing the CPI report. “We have to keep a close eye on both the inflation data as well as the employment data.”
There were several crosscurrents in the report that indeed suggest inflation is stubborn in some areas.
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email
Signs reading, ‘please bear with us: we are currently experiencing interruptions in our supply chain which may affect the availability of certain products,’ is seen taped to the drive-up menu at a Wendy’s restaurant on May 06, 2020 in Miami, Florida.
Joe Raedle | Getty Images News | Getty Images
Inflation rose as expected in July, driven by higher housing-related costs, according to a Labor Department report Wednesday that is likely to keep an interest rate cut on the table in September.
The consumer price index, a broad-based measure of prices for goods and services, increased 0.2% for the month, putting the 12-month inflation rate at 2.9%. Economists surveyed by Dow Jones had been looking for respective readings of 0.2% and 3%.
Excluding food and energy, core CPI came in at a 0.2% monthly increase and a 3.2% annual rate, meeting expectations.
The annual rate is the lowest since March 2021, while the core is the lowest since April 2021, according to the Bureau of Labor Statistics report. Headline inflation was 3% in June.
A 0.4% increase in shelter costs was responsible for 90% of the all-items inflation increase. Food prices increased 0.2% while energy was flat.
Stock market futures were mildly negative after the report while Treasury yields were mostly higher.
Though food inflation was soft on the month, multiple categories saw sizeable increases, most notably eggs, which were up 5.5%. Cereals and bakery items declined 0.5% while dairy and related products fell 0.2%.
Inflation readings have been gradually drifting back to the central bank’s 2% target. A report Tuesday from the Labor Department showed that producer prices, a proxy for wholesale inflation, rose just 0.1% in July and were up 2.2% year over year.
Fed officials have indicated a willingness to ease, though they’ve been careful not to commit to a specific timetable nor to speculate about the pace at which cuts might occur. Futures market pricing currently points to about an even chance of a quarter- or half-percentage point reduction at the Sept. 17-18 meeting and at least a full point in moves by the end of 2024.
As inflation has eased, percolating concerns about a slowing labor market seemed to have raised the likelihood that the Fed will start cutting for the first time since the early days of the Covid crisis.
“Coming down but the sticky areas continue to be sticky,” Liz Ann Sonders, chief investment strategist at Charles Schwab, said in describing the CPI report. “We have to keep a close eye on both the inflation data as well as the employment data.”
There were several crosscurrents in the report that indeed suggest inflation is stubborn in some areas.
29%? teskeinc lowballed it....
YOU CAN'T EVEN BUY BACON ANYMORE MICK!
You just wait till that cheap underage labor gets into the pipeline and then they'll charge twice as much
Not today Sir, Probably not tomorrow.............................................. bayfront arena st. pete '94
you're finally here and I'm a mess................................................... nationwide arena columbus '10
memories like fingerprints are slowly raising.................................... first niagara center buffalo '13
another man ..... moved by sleight of hand...................................... joe louis arena detroit '14
I have a lot of work to do and I'll drive til they force me out. this is my late start at 401k with my current company of the last 5 of almost 8 years... financial genius I am not. pay attention kids , drugs and alcohol are bad for your longterm future. just say no....
Not today Sir, Probably not tomorrow.............................................. bayfront arena st. pete '94
you're finally here and I'm a mess................................................... nationwide arena columbus '10
memories like fingerprints are slowly raising.................................... first niagara center buffalo '13
another man ..... moved by sleight of hand...................................... joe louis arena detroit '14
There’s that pesky thing called reality again. Yes, Orange Man bad! From Letter From An American:
In Pittsburgh, Pennsylvania, earlier today, Republican vice presidential candidate Senator J.D. Vance (R-OH) said: “We actually have the plans, we have the policies, to accomplish this stuff—that’s a big thing that sets us apart from Kamala Harris and Tim Walz.”
In fact, the Republican Party platform lists things like “END INFLATION, AND MAKE AMERICA AFFORDABLE AGAIN,” but Trump’s promises to deport more than 10 million migrants and to put a tariff wall around the country are both highly inflationary measures. Sixteen economists who have won Nobel prizes said in June that Trump’s policies would fuel inflation. They lauded the Biden-Harris administration’s policies and wrote: “We believe that a second Trump term would have a negative impact on the U.S.'s economic standing in the world, and a destabilizing effect on the U.S.'s domestic economy.”
There’s that pesky thing called reality again. Yes, Orange Man bad! From Letter From An American:
In Pittsburgh, Pennsylvania, earlier today, Republican vice presidential candidate Senator J.D. Vance (R-OH) said: “We actually have the plans, we have the policies, to accomplish this stuff—that’s a big thing that sets us apart from Kamala Harris and Tim Walz.”
In fact, the Republican Party platform lists things like “END INFLATION, AND MAKE AMERICA AFFORDABLE AGAIN,” but Trump’s promises to deport more than 10 million migrants and to put a tariff wall around the country are both highly inflationary measures. Sixteen economists who have won Nobel prizes said in June that Trump’s policies would fuel inflation. They lauded the Biden-Harris administration’s policies and wrote: “We believe that a second Trump term would have a negative impact on the U.S.'s economic standing in the world, and a destabilizing effect on the U.S.'s domestic economy.”
I can't imagine what would happen when you deport 10 million hard working migrants doing work no one here seems to want to do. I need an expert in business to tell me. Is it more affordable value meals? Lower prices on milk and bacon? Migrants make up a sizable percentage of those dairy, beef, pork, and poultry operations. If JBS Swift had to start paying people living wages, value meals would cease to exist.
There’s that pesky thing called reality again. Yes, Orange Man bad! From Letter From An American:
In Pittsburgh, Pennsylvania, earlier today, Republican vice presidential candidate Senator J.D. Vance (R-OH) said: “We actually have the plans, we have the policies, to accomplish this stuff—that’s a big thing that sets us apart from Kamala Harris and Tim Walz.”
In fact, the Republican Party platform lists things like “END INFLATION, AND MAKE AMERICA AFFORDABLE AGAIN,” but Trump’s promises to deport more than 10 million migrants and to put a tariff wall around the country are both highly inflationary measures. Sixteen economists who have won Nobel prizes said in June that Trump’s policies would fuel inflation. They lauded the Biden-Harris administration’s policies and wrote: “We believe that a second Trump term would have a negative impact on the U.S.'s economic standing in the world, and a destabilizing effect on the U.S.'s domestic economy.”
I can't imagine what would happen when you deport 10 million hard working migrants doing work no one here seems to want to do. I need an expert in business to tell me. Is it more affordable value meals? Lower prices on milk and bacon? Migrants make up a sizable percentage of those dairy, beef, pork, and poultry operations. If JBS Swift had to start paying people living wages, value meals would cease to exist.
Trump Media, trading under ticker DJT, has seen near-steady falling stock pricessince mid-July. The new low comes as the Trump campaign has struggled to find its footing against the Democrats' new candidate Vice President Kamala Harris. Earlier this month, the company reported more than $16 million in losses and less than $1 million in revenue in the second financial quarter.
Trump Media did not immediately respond to USA TODAY's request for comment.
Trump Media has long been compared to a meme stock, as experts say prices rise and fall largely due to retail investors' coordination and attention.
The company was founded in 2021 after Trump was booted from other social media companies following the Jan. 6 riot on the U.S. Capitol. The company went public in March through a merger with shell company Digital World Acquisition Corp., a special purpose acquisition company, or SPAC. Despite a splashy debut, the stock prices have whiplashed wildly, often in coordination with the rollercoaster of a news cycle for Trump this year.
Experts have also said the stock is overvalued by conventional Wall Street standards compared with other social media companies.
In May, Trump Media reported a net loss of $327.6 million in the first quarter of 2024 and brought in $770,500 in revenue, according to a filing. In August, the company reported more than $16 million in losses and less than $1 million in revenue in the second financial quarter. Regulatory filings show the company was operating at a loss in 2023, making about $4 million in revenue while losing more than $58 million.
Not today Sir, Probably not tomorrow.............................................. bayfront arena st. pete '94
you're finally here and I'm a mess................................................... nationwide arena columbus '10
memories like fingerprints are slowly raising.................................... first niagara center buffalo '13
another man ..... moved by sleight of hand...................................... joe louis arena detroit '14
Brandon holding out for more payoffs so he can retire in style. He was gypped out of four years of grifting chiiiiiiiiina and has to make it up somehow.
Not today Sir, Probably not tomorrow.............................................. bayfront arena st. pete '94
you're finally here and I'm a mess................................................... nationwide arena columbus '10
memories like fingerprints are slowly raising.................................... first niagara center buffalo '13
another man ..... moved by sleight of hand...................................... joe louis arena detroit '14
Not today Sir, Probably not tomorrow.............................................. bayfront arena st. pete '94
you're finally here and I'm a mess................................................... nationwide arena columbus '10
memories like fingerprints are slowly raising.................................... first niagara center buffalo '13
another man ..... moved by sleight of hand...................................... joe louis arena detroit '14
Not today Sir, Probably not tomorrow.............................................. bayfront arena st. pete '94
you're finally here and I'm a mess................................................... nationwide arena columbus '10
memories like fingerprints are slowly raising.................................... first niagara center buffalo '13
another man ..... moved by sleight of hand...................................... joe louis arena detroit '14
Meanwhile, the Dow closed at a record high, 41,175.
It's because they know RFK voters moved to Trump, with a 5% bump. That in turn gave Trump a 115% chance of winning the election, so the market is reacting. Doi.
Meanwhile, the Dow closed at a record high, 41,175.
It's because they know RFK voters moved to Trump, with a 5% bump. That in turn gave Trump a 115% chance of winning the election, so the market is reacting. Doi.
And the Randy Paul voters are now on board. Massive tax cuts are imminent as is an isolationist foreign and military policy resulting in a balanced budget and elimination of the debt. POOTWH’s next 8-12 years in office will ensure it.
Meanwhile, the Dow closed at a record high, 41,175.
It's because they know RFK voters moved to Trump, with a 5% bump. That in turn gave Trump a 115% chance of winning the election, so the market is reacting. Doi.
And the Randy Paul voters are now on board. Massive tax cuts are imminent as is an isolationist foreign and military policy resulting in a balanced budget and elimination of the debt. POOTWH’s next 8-12 years in office will ensure it.
Trump said he will balance the budget by drilling for more oil. I wish that was a joke, but he was serious
Comments
I subscribe to the ronco school of investment. Set it and forget it.
Not today Sir, Probably not tomorrow.............................................. bayfront arena st. pete '94
you're finally here and I'm a mess................................................... nationwide arena columbus '10
memories like fingerprints are slowly raising.................................... first niagara center buffalo '13
another man ..... moved by sleight of hand...................................... joe louis arena detroit '14
Libtardaplorable©. And proud of it.
Brilliantati©
That economic strength came with inflation, both because people had more money to spend thanks to higher wages and because that cash meant that corporations could continue to charge higher prices: the net profits of food companies, for example, are up by a median of 51% since just before the pandemic, according to Tom Perkins of The Guardian, and one egg producer’s profits went up by around 950% (not a typo). To get inflation under control, Federal Reserve chair Jerome Powell—a Trump appointee, by the way—kept interest rates high.
Libtardaplorable©. And proud of it.
Brilliantati©
https://www.axios.com/2024/08/07/how-mortgage-rates-could-fall-further
How mortgage rates could fall further
Even if Treasury yields don't fall further from their current levels, there's still quite a lot of room for mortgage rates to continue to drop.
Why it matters: Mortgage rates are still more than 2.6 percentage points higher than the 10-year Treasury yield. That's way above historic levels.
Follow the money: Throughout the 2010s, 30-year mortgages averaged 1.69 percentage points more than the 10-year bond yield.
Between the lines: Banks have largely retreated from the mortgage business, so there's less competition on rates — and that's one reason why the spread is higher now. Still, mortgage spreads are unlikely to stay this high indefinitely.
-Eddie Vedder, "Smile"
but yes, the minimum wage should be indexed to inflation. Many states have raised the minimum wage recently
taxing unrealized gains might not have the desired effect.
google just lost a major antitrust case. What is the doj going to do? No one can tough their search engine, and Apple literally said every other search engine is garbage.
Not today Sir, Probably not tomorrow.............................................. bayfront arena st. pete '94
you're finally here and I'm a mess................................................... nationwide arena columbus '10
memories like fingerprints are slowly raising.................................... first niagara center buffalo '13
another man ..... moved by sleight of hand...................................... joe louis arena detroit '14
https://www.cnbc.com/2024/08/14/july-consumer-price-index.html
Annual inflation rate slows to 2.9% in July, lowest since 2021
Inflation rose as expected in July, driven by higher housing-related costs, according to a Labor Department report Wednesday that is likely to keep an interest rate cut on the table in September.
The consumer price index, a broad-based measure of prices for goods and services, increased 0.2% for the month, putting the 12-month inflation rate at 2.9%. Economists surveyed by Dow Jones had been looking for respective readings of 0.2% and 3%.
Excluding food and energy, core CPI came in at a 0.2% monthly increase and a 3.2% annual rate, meeting expectations.
The annual rate is the lowest since March 2021, while the core is the lowest since April 2021, according to the Bureau of Labor Statistics report. Headline inflation was 3% in June.
A 0.4% increase in shelter costs was responsible for 90% of the all-items inflation increase. Food prices increased 0.2% while energy was flat.
Stock market futures were mildly negative after the report while Treasury yields were mostly higher.
Though food inflation was soft on the month, multiple categories saw sizeable increases, most notably eggs, which were up 5.5%. Cereals and bakery items declined 0.5% while dairy and related products fell 0.2%.
Inflation readings have been gradually drifting back to the central bank’s 2% target. A report Tuesday from the Labor Department showed that producer prices, a proxy for wholesale inflation, rose just 0.1% in July and were up 2.2% year over year.
Fed officials have indicated a willingness to ease, though they’ve been careful not to commit to a specific timetable nor to speculate about the pace at which cuts might occur. Futures market pricing currently points to about an even chance of a quarter- or half-percentage point reduction at the Sept. 17-18 meeting and at least a full point in moves by the end of 2024.
As inflation has eased, percolating concerns about a slowing labor market seemed to have raised the likelihood that the Fed will start cutting for the first time since the early days of the Covid crisis.
“Coming down but the sticky areas continue to be sticky,” Liz Ann Sonders, chief investment strategist at Charles Schwab, said in describing the CPI report. “We have to keep a close eye on both the inflation data as well as the employment data.”
There were several crosscurrents in the report that indeed suggest inflation is stubborn in some areas.
29%? teskeinc lowballed it....
Not today Sir, Probably not tomorrow.............................................. bayfront arena st. pete '94
you're finally here and I'm a mess................................................... nationwide arena columbus '10
memories like fingerprints are slowly raising.................................... first niagara center buffalo '13
another man ..... moved by sleight of hand...................................... joe louis arena detroit '14
Not today Sir, Probably not tomorrow.............................................. bayfront arena st. pete '94
you're finally here and I'm a mess................................................... nationwide arena columbus '10
memories like fingerprints are slowly raising.................................... first niagara center buffalo '13
another man ..... moved by sleight of hand...................................... joe louis arena detroit '14
Libtardaplorable©. And proud of it.
Brilliantati©
Not today Sir, Probably not tomorrow.............................................. bayfront arena st. pete '94
you're finally here and I'm a mess................................................... nationwide arena columbus '10
memories like fingerprints are slowly raising.................................... first niagara center buffalo '13
another man ..... moved by sleight of hand...................................... joe louis arena detroit '14
In Pittsburgh, Pennsylvania, earlier today, Republican vice presidential candidate Senator J.D. Vance (R-OH) said: “We actually have the plans, we have the policies, to accomplish this stuff—that’s a big thing that sets us apart from Kamala Harris and Tim Walz.”
In fact, the Republican Party platform lists things like “END INFLATION, AND MAKE AMERICA AFFORDABLE AGAIN,” but Trump’s promises to deport more than 10 million migrants and to put a tariff wall around the country are both highly inflationary measures. Sixteen economists who have won Nobel prizes said in June that Trump’s policies would fuel inflation. They lauded the Biden-Harris administration’s policies and wrote: “We believe that a second Trump term would have a negative impact on the U.S.'s economic standing in the world, and a destabilizing effect on the U.S.'s domestic economy.”
Libtardaplorable©. And proud of it.
Brilliantati©
Libtardaplorable©. And proud of it.
Brilliantati©
Truth Social parent company stock prices fall to new low after public trading debut
Stock prices for the parent company of Donald Trump's social media platform Truth Social hit a new low the first day of the Democratic National Convention.
Trump Media & Technology Group closed at $22.24 Monday, down 3.56% from the previous close and the lowest close since the company went public in March. The last lowest closing price was $22.84 on April 16, the second day of Trump's New York criminal trial where a jury found him guilty of 34 counts of falsifying business records.
Trump Media, trading under ticker DJT, has seen near-steady falling stock pricessince mid-July. The new low comes as the Trump campaign has struggled to find its footing against the Democrats' new candidate Vice President Kamala Harris. Earlier this month, the company reported more than $16 million in losses and less than $1 million in revenue in the second financial quarter.
Trump Media did not immediately respond to USA TODAY's request for comment.
Trump Media has long been compared to a meme stock, as experts say prices rise and fall largely due to retail investors' coordination and attention.
The company was founded in 2021 after Trump was booted from other social media companies following the Jan. 6 riot on the U.S. Capitol. The company went public in March through a merger with shell company Digital World Acquisition Corp., a special purpose acquisition company, or SPAC. Despite a splashy debut, the stock prices have whiplashed wildly, often in coordination with the rollercoaster of a news cycle for Trump this year.
Experts have also said the stock is overvalued by conventional Wall Street standards compared with other social media companies.
In May, Trump Media reported a net loss of $327.6 million in the first quarter of 2024 and brought in $770,500 in revenue, according to a filing. In August, the company reported more than $16 million in losses and less than $1 million in revenue in the second financial quarter. Regulatory filings show the company was operating at a loss in 2023, making about $4 million in revenue while losing more than $58 million.
https://www.usatoday.com/story/money/2024/08/19/truth-social-stock-price-low-trump-djt/74867017007/
Libtardaplorable©. And proud of it.
Brilliantati©
Not today Sir, Probably not tomorrow.............................................. bayfront arena st. pete '94
you're finally here and I'm a mess................................................... nationwide arena columbus '10
memories like fingerprints are slowly raising.................................... first niagara center buffalo '13
another man ..... moved by sleight of hand...................................... joe louis arena detroit '14
Libtardaplorable©. And proud of it.
Brilliantati©
Not today Sir, Probably not tomorrow.............................................. bayfront arena st. pete '94
you're finally here and I'm a mess................................................... nationwide arena columbus '10
memories like fingerprints are slowly raising.................................... first niagara center buffalo '13
another man ..... moved by sleight of hand...................................... joe louis arena detroit '14
Not today Sir, Probably not tomorrow.............................................. bayfront arena st. pete '94
you're finally here and I'm a mess................................................... nationwide arena columbus '10
memories like fingerprints are slowly raising.................................... first niagara center buffalo '13
another man ..... moved by sleight of hand...................................... joe louis arena detroit '14
Not today Sir, Probably not tomorrow.............................................. bayfront arena st. pete '94
you're finally here and I'm a mess................................................... nationwide arena columbus '10
memories like fingerprints are slowly raising.................................... first niagara center buffalo '13
another man ..... moved by sleight of hand...................................... joe louis arena detroit '14
Libtardaplorable©. And proud of it.
Brilliantati©
Libtardaplorable©. And proud of it.
Brilliantati©