It made it! The Dow Jones Industrial Average ($INDU) closed above 40,000 for the first time, another record close for the index. What an exciting week! And most of that…
Economy
Sen Durbin demands Justice Alito recuse from Trump cases after flying upside-down US flag
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Senate Judiciary Committee Chairman Dick Durbin, D-Ill., called on Supreme Court Justice Samuel Alito to recuse himself from any cases related to the 2020 election on Friday following a revelation…
While we don’t typically begin with a monthly chart, it seems like a good place to start because most of the good news is present there. Beginning on the left…
There is a certain ebb and flow in uptrends. Often we see some sort of stair step higher with big advances and smaller corrections along the way. In Dow Theory…
No Confirmation In Volume. This week, the S&P 500 is breaking out above its previous high, undeniably a bullish sign for the market. After the initial break on Wednesday, the…
Gold is on the verge of breaking into all-time high territory, and silver is poised to challenge its four-year highs. Both metals are rallying, and it seems probable that both…
Editor's Pick
Under Armour is laying off workers as retailer says North America sales will plunge this year
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Under Armour announced a broad restructuring plan on Thursday as it said sales in its largest market, North America, plunged 10% and predicted the trend will get worse throughout its current…
Editor's Pick
Rent up, groceries down: Inflation cooled slightly in April, but consumers still face a mixed bag
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The consumer price index, the most-watched inflation measurement put out by the U.S. government, declined slightly to 3.4% on a 12-month basis in April as price growth in the economy…
Editor's Pick
Tesla’s Chinese rival Nio launches a new brand and car that undercuts the Model Y by $4,000
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Chinese electric car company Nio revealed Wednesday that the first car for its new, lower-priced brand, Onvo, will be about $4,000 cheaper than Tesla’s comparable Model Y. Deliveries for Onvo’s first car, the L60…
Editor's Pick
McDonald’s $5 value meal is coming in June — and staying for just a month
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McDonald’s is set to offer a $5 value meal in the U.S., but only for a limited time. The promotion will include four items for $5 — a McChicken or McDouble,…