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Featured AlphaTack Intel Article
BofA’s Hartnett Says Stock Market Ripe for Profit Taking in June
The stock market is ripe for profit-taking in early June due to investors crowding into equities and rising inflation risks, according to Bank of America Corp. strategists. Growing price pressures are having a broad impact in the US, from energy and transportation...
– AlphaTack Intel Articles –
America’s Most Famous Inflation Gauge Is Easing — But Some of Your Biggest Expenses Are Left Out
Property taxes, tips, interest payments are excluded from CPI Some items ‘can’t realistically be priced,’ BLS economist says Price pressures have eased substantially over the past two years, but a disconnect remains between what US inflation data show and what...
US Posts $1.8 Trillion Annual Deficit, Highest Outside of Covid
Deficit exceeds 6% of GDP for a second straight year Debt interest costs, Social Security, defense spending climb The US government’s budget deficit hit its highest since the Covid pandemic years in 2024, propelled by increased debt interest costs and higher Social...
Gold Tops $2,700 for First Time to Extend Record-Breaking Run
Israel’s killing of Hamas leader sees traders flock to safety Investors are repositioning portfolios ahead of US election Gold topped $2,700 an ounce for the first time as concerns over escalating conflicts in the Middle East and a tight US election race prompt...
Robotaxi Flop Leaves Tesla’s Lofty Stock Multiple Looking Shaky
Stock down 7.5% since unveiling of self-driving taxi last week Event was long on vision, short on revenue drivers: Bernstein Tesla Inc.’s reveal of its much-hyped self-driving car last week left investors underwhelmed and sent shares plunging. The disappointment also...
P&G Reports Weak Sales Growth on Lower Beauty Demand
China and the Middle East dragged on performance, CFO says Company maintained its sales outlook for current fiscal year Procter & Gamble Co. posted a second straight quarter of sluggish sales growth, dragged down by minimal price increases and weakness in key...
Italy Car Industry Struggling For Survival, Lobby Group Says
Unions stage protest in Rome over declining production Stellantis has been shuttering plants due to poor demand Italy’s car industry faces an existential threat if manufacturers led by Stellantis NV don’t reverse a trend of declining production in the country,...