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Despite consecutive aggressive rate hikes, inflation is still higher than the federal target. This is raising recession fears. Moreover, the unemployment rate is expected to reach almost 4.5% in 2023, up from 3.5% in September 2022. While this might appear to be a grim projection, it would still be relatively low in a historical context. […]

The Black Friday event has turned into a prominent shopping event over the years, garnering substantial global sales. The United States accounts for this event’s largest revenue share of the global market. The global Black Friday sale market net worth is estimated to be around $273.10 billion in 2022. Retail juggernaut Walmart Inc. (WMT) is

With interest rates rising amid a turbulent macroeconomic environment, discretionary expenditure is set to decline. This is expected to hit non-essential sectors, such as entertainment, which is expected to see softening of demand. However, interactive entertainment is set to remain an exception. Gaming received a boost amid widespread lockdowns during the pandemic. The market for

The Federal Reserve is set to announce another interest rate hike during its meeting next month, possibly triggering another round of market pullback. With the central bank’s attempts to leave no loose ends in its fight against inflation, a pause or reversal in interest rate hikes remains unlikely. Despite recent economic data suggesting that inflation

The biotech industry enjoyed new opportunities during the COVID-19 pandemic, which encouraged advancements in drug and vaccine developments. Evidently, the bioscience industry’s economic impact on the U.S. economy amounted to $2.9 trillion in 2021. In the post-pandemic world, the need for medical breakthroughs and favorable government spending is expected to keep the sector buoyed. In

Despite the Fed’s consecutive rate hikes and high prices, U.S. retail sales increased marginally month-over-month in October 2022. As the economy shows resilience, experts hope that the U.S. might be able to avoid a downturn. Moreover, according to Goldman Sachs Research, the U.S. stands reasonable chances to achieve a ‘soft landing’ and avoid recession in

UiPath Inc. (PATH) provides a range of robotic process automation (RPA) solutions through an end-to-end automation platform. The company serves banking, healthcare, financial services, and government entities. The company recently reported a restructuring involving significant layoffs. PATH’s Board of Directors included an additional approximately 6% reduction of its global workforce of approximately 4,025 as of

Stocks have certainly bounced strongly off their recent lows. NASDAQ 100 (QQQ) is now up just over 12% from the October lows. S&P 500 (SPY) added on almost 15% in the same time frame. The Dow Jones Industrials (DIA) has been the star performer, gaining nearly 18% in the past two months. Lower interest rates

The optimism on Wall Street that marked the end of last week has all but gone on fading hopes that the Fed might ease its stance on inflation. While stocks responded positively to data suggesting cooling inflation and leading to hopes that the Fed would slow its pace of rate hikes, robust economic data have

The war between Ukraine and Russia and the tensions over Taiwan have enhanced the focus of many countries on their defense spending. The demand for American-made artillery, firearms, aircraft, explosives, and vehicles has surged significantly. Julia Gledhill, an analyst at the Center for Defense Information at the Project On Government Oversight, said, “Next year’s national