Key Takeaways Markets Making New Highs Apple Hosts WWDC Today Oil Trading Higher Last week, stocks added to what has been a strong start to the summer. The S&P 500 and Nasdaq Composite both gained nearly 2%. Apple AAPL , Amazon AMZN , Facebook and Netflix NFLX all posted solid…

If current forecasts are accurate, this summer could mark a historic high in airline passenger volumes. The industry group Airlines for America (A4A) predicts that approximately 257 million people will travel on U.S. commercial airlines from June 1 to August 31, representing a 9.5% increase from the previous summer. That…

It has taken a long while and a great deal of adversity. But Americans of many political persuasions – Democrat and Republican, progressive and conservative, partisan and independent – are at last rediscovering something we’d come close to forgetting. I refer to the existential importance of our nation’s productive capabilities…

It’s the day after the night before marked by a unilateral oil production cut of 1 million barrels per day (bpd) by Saudi Arabia, dressed up for the crude market as an OPEC+ production cut. While the efficacy of Riyadh’s move is debatable, what happened on Sunday (June 4, 2023)…

Topline Apple shares hit their highest price in the stock’s 43-year history early Monday ahead of the debut of its mixed reality Vision Pro headset, though the stock then slid after the tech giant announced a far heftier than expected price tag for its biggest product launch in years. Key…

Two Democratic senators, along with a former Democratic colleague, voted with Republicans to repeal President Joe Biden’s sweeping student loan forgiveness plan. Although Democrats control the Senate, the three defections allowed the GOP-led repeal effort to pass. The measure now heads to President Biden, who has promised to veto it.…

The student loan pause is actually, definitively coming to an end after over three years. President Joe Biden is soon expected to sign the debt ceiling bill approved by the House and Senate earlier this week. The compromise measure would preserve Biden’s signature student loan forgiveness plan, but would codify…

It’s sometimes thought that financial success comes down to luck. A person launches a business and hits it big coming out of the starting gate. Maybe that does happen – occasionally – but it’s not typical. One of the best ways to prove the point is by following up with…

A small group of technology stocks may be powering the stock market higher, but investors have continued fleeing equity funds in the first five months of 2023 in favor of fixed-income alternatives, according to LSEG Lipper data. An estimated $114.3 billion was pulled from conventional equity funds this year through…

Every year it’s the same sad story: Social Security’s Trust Fund is running out of money. Spoiler alert: It doesn’t have to be that way if Congress stops kicking the can down the road. What’s missing is the raft of remedies Congress can take now to avoid problems in the…