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Inflation Tax Costing US Households $433 Per Month
Article By:
SchiffGold
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Thursday, June 9, 2022 10:03 AM EDT
Everybody was thrilled to get stimulus checks in the mail during the COVID-19 pandemic. “It’s free money!” many exclaimed. But nothing in life is free. This includes “free” things handed out by the government.
Weekly Unemployment Claims: Up 27K
Article By:
Jill Mislinski
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Thursday, June 9, 2022 9:53 AM EDT
This morning's seasonally adjusted 229K new claims, up 27K from the previous week's revised figure, was above the Investing.com forecast of 210K.
Initial Jobless Claims Now In A Clear Uptrend
Article By:
New Deal Democrat
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Thursday, June 9, 2022 9:43 AM EDT
Initial jobless claims rose 27,000 to 229,000 last week, continuing above the recent 50+ year low of 166,000 set in March.
Energy Price Caps Could Be A Game Changer For European Utilities
Article By:
ING Economics
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Thursday, June 9, 2022 9:30 AM EDT
Despite turmoil in the gas and power markets, most European utilities have performed well financially. The surge in energy prices has pushed European governments to take action to protect consumers.
Labor Market On Edge: Jobless Claims Jump Most Since Last July, Hit 5 Month High
Article By:
Tyler Durden
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Thursday, June 9, 2022 9:19 AM EDT
The BLS reported that May payrolls actually came in stronger than expected, largely thanks to very generous seasonal adjustments and more than one political tap on the shoulder.
Bull Of The Day: Avnet
Article By:
Zacks Investment Research
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Thursday, June 9, 2022 9:00 AM EDT
I see a great valuation for Avnet. The forward PE is 7.2x and that is very low considering the 32% topline growth the company posted in the most recent quarter.
In this article: AVT
ECB Officially Ends Its Long Era Of Unconventional Monetary Policy
Article By:
Carsten Brzeski
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Thursday, June 9, 2022 8:44 AM EDT
The European Central Bank has just announced its stopping net asset purchases by the end of the month and pre-announced two rate hikes of 25bp each in July and September.
Financial Crisis In Next 12–18 Months? Odds Are Increasing
Article By:
Moe Zulfiqar
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Thursday, June 9, 2022 8:31 AM EDT
The odds of a financial crisis happening in the next 12 to 18 months could be at their highest level since the financial crisis of 2008–2009.
In this article: IEF
U.S. Workforce: May 2022 Update
Article By:
Jill Mislinski
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Thursday, June 9, 2022 8:10 AM EDT
The unemployment rate remained at 3.6%, and the number of new nonfarm jobs, a relatively volatile number subject to extensive revisions, came in at 390K.
