Daily Updates

Wholesale inflation in the United States was unchanged in November, indicating that price increases in the economy and inflation are gradually easing.  The Producer Price Index(PPI), which measures a broad change of prices on final demand products, showed no change in November, following a 0.4% decrease in October but still less than the Dow Jones…

The struggle of Pfizer’s shares continued as the healthcare giant dropped to the lowest value since the Covid-19 pandemic. The latest milestone for the stock has failed to convert its COVID-19 vaccine boom into long-term sales growth.  Pfizer(PFE) shares dropped 8% on Wednesday to their lowest level in more than a decade after releasing a…

Inflation in the United States continued to decline as gas prices fell, further cooling most costs and reinforcing the Federal Reserve’s strategy of maintaining higher interest rates.  Last month’s inflation data arrived a day before the Federal Reserve’s two-day policy meeting to announce the latest decisions on interest rates. The Fed is expected to keep…

Health Insurer Centene Corp raised its adjusted profit forecast for 2024, bringing it broadly in line with Wall Street expectations. In November, rival United Health Group also raised its 2024 profit, which is in line with market estimates.  U.S. equities were slightly higher at midday as the latest reports on consumer prices showcased inflation easing…

With recent revisions to the FAFSA (Free Application for Federal Student Aid), parents must be informed in order to optimize their financial aid eligibility and avoid potential rejection. The FAFSA is an application used by the federal government to determine a family’s ability to pay tuition fees and eligibility for financial aid. In simple terms,…

Financial markets and participants around the world are sensitive to Federal Reserve Meetings. The apex bank holds these meetings intending to change interest rates, which is a policy tool for regulation. As of 2023, the Fed’s goal is to curb inflation rates, the prime reason why the Fed hiked interest rates 11 times since 2022.…

Recently, investors have witnessed GameStop, the iconic video game retailer, undergo a monumental transformation. With the authorization of Ryan Cohen (CEO) to manage the securities portfolio, the company is now exploring ways to employ its investing expertise to its advantage.  For those who don’t know, Gamestop released its third quarter results in which they introduced…

After a long recession-prone time, we finally are heading toward a better financial year in 2024. Investors along with various apex banks are betting on 2024 to be the savior year for the financial landscape. Numerous financial service organizations have conducted surveys to understand investor’s sentiments. Almost 79% of Generation Z along with 64% and…