The latest jobs report sent markets on a wild ride Friday. Early this morning, the October jobs report showed that nonfarm payrolls rose by 261,000 last month, well above economists’ consensus estimate for 193,000. On the plus side, this marked a sharp decline from the 315,000 jobs added in September. Additionally, the unemployment rate edged… Continue reading Stock Market Today: Stocks Swing Wildly After October Jobs Data
This Week in Cannabis Investing: Leafly Says Pot is More Valuable Than Potatoes
Leafly released its annual Cannabis Harvest Report revealing an unparalleled analysis of the last year of cannabis farming in the U.S. Cannabis surpassed potatoes and rice to become the sixth most valuable domestic crop, with Leafly estimating the value of legal cannabis at $5 billion. Adult-use cannabis is grown at more than 13,000 farms and… Continue reading This Week in Cannabis Investing: Leafly Says Pot is More Valuable Than Potatoes
Kiplinger’s Weekly Earnings Calendar (Nov. 7-11)
Below is a weekly earnings calendar of the most important upcoming quarterly reports scheduled to be released by publicly traded companies. However, we have also provided expanded earnings previews for select companies. Please check back often. This earnings calendar is updated weekly. Monday (11/4)Tuesday (11/5)Wednesday (11/6)Thursday (11/7)Friday (11/8) (Editor’s Note: Earnings dates in tables are tentative.… Continue reading Kiplinger’s Weekly Earnings Calendar (Nov. 7-11)
October Jobs Report: What the Experts Are Saying
The October jobs report easily topped economists’ expectations despite nearly unprecedented efforts by the Federal Reserve to introduce slack into a squeaky tight labor market. The Labor Department’s employment situation summary (opens in new tab) released Friday revealed that nonfarm payrolls expanded by 261,000 in October, well ahead of estimates for new job growth of… Continue reading October Jobs Report: What the Experts Are Saying
Stock Market Today: Stocks Fall Again as Fed Hangover Persists
Stocks closed lower for a fourth straight day Thursday as Federal Reserve Chair Jerome Powell’s warning from Wednesday’s press conference continued to ring in investors’ ears. Specifically, after the Fed raised rates another 75 basis points, Powell said it was “very premature” to expect the central bank to start talking about pausing its rate-hike strategy,… Continue reading Stock Market Today: Stocks Fall Again as Fed Hangover Persists
Stock Market Today: Stocks Post-Fed Pop Reverses After Powell Takes the Mic
Stocks spent most of the day lower as investors awaited the conclusion of the Federal Reserve’s two-day policy meeting, but enjoyed a short-lived burst higher after the central bank issued its fourth straight 75 basis point rate hike (a basis point equals 0.01%). What sparked that brief turnaround was dovish language in the Fed’s statement… Continue reading Stock Market Today: Stocks Post-Fed Pop Reverses After Powell Takes the Mic
What Are Share Buybacks?
Companies have at their disposal two main options when they want to return cash to shareholders. Dividends tend to be preferred by income investors; a dividend is a cash payout to shareholders, typically issued on a half-yearly basis. The other method is to use a share buyback. This means just what it says – the… Continue reading What Are Share Buybacks?
What Happens After the Latest Fed Rate Hike? The Pros Weigh In
The Federal Reserve delivered a widely expected fourth consecutive short-term interest rate hike of 75 basis points, or 0.75%, when it wrapped up its regularly scheduled two-day policy meeting on Wednesday afternoon. But the real question on every investor’s mind was whether Chair Jerome Powell would offer any reason to think that the central bank… Continue reading What Happens After the Latest Fed Rate Hike? The Pros Weigh In