The latest US consumer price index (CPI) was released minutes ago and here is the update from investing: The MoM forecast was for 0.4% but the actual turned out to be higher at 0.5%. The CPI YoY hits 6.0% which is the same as the forecast. Despite the recent interest rate increases, the MoM inflation has increased against the forecast. Inflation has remained sticky at 6.0% (YoY). The notable factors from the inflation report (for 12 months ending Feb 2023): Food is up 9.0% Energy services are up 13.3% Services less energy services are up 7.3% The item with that biggest 1 year increase is transportation services at 14.6% The biggest drop is in used cars and trucks at -13.6% This is reported by CNBC: Shelter costs, which make up about one-third of the index’s weighting, jumped 0.8%, bring
Site of Tesla Mexico Factory Near Double Size of Texas Plant, Local Official Says Reuters 2023-03-03 09:00 Tesla Motors 190.875 -0.01% MEXICO CITY, March 2 (Reuters) - Tesla Inc's planned factory in Mexico's northern border state of Nuevo Leon will be built on a site spanning several thousand acres, almost twice the size of its factory site in Texas, with construction slated to start in three months, a Mexican official said on Thursday. Jesus Nava, the mayor of Santa Catarina in the state of Nuevo Leon, said in an interview that Tesla is purchasing the site from private owners. He said the land spans nearly 4,200 acres in an industrial zone, more than double the size of Mexico City's international airport. Tesla's factory in Austin, Texas - one of three existing Tesla vehicle plants - sits
like how the longs have resorted to name dropping big supposed investors, in order to give validity to this company. which I would suggest fact checking these statements as they are probably as reliable as the earnings report that was just pulled out at the last minute. and no explanation from management other re directing to a corporate cover your but statement.$Marathon Digital Holdings Inc(MARA)$
Better prices ahead for Tesla It looks like Tesla is always a topic! Yes people are excited because Tesla has gone up a lotsince it rebounded from the low 100s. But honestly, I am not even interested in Tesla at these prices. At these prices and these macroeconomic conditions, the price of Tesla at 200 dollars is just not worth it. I am putting it bluntly and honestly. Technically, the pattern that I believe Tesla is in is one where it is in an incomplete C wave of a wave 4 retreat. The C wave has only 4 waves and need another wave down to complete it. So that means it is topping or has topped and will correct to a possible double bottom or even reach around 92-95 dollars. So to answer the question, I do not think Tesla will even hold 200. 135-164 is a more reasonable buy a
Weekly review: After a nice rally last week, stocks $DJIA(.DJI)$ $NASDAQ(.IXIC)$ $S&P 500(.SPX)$ have shown resilience this week despite hawkish comments from voting members of the Federal Reserve's Federal Open Market Committee. James Bullard suggested that rates were not high enough to contain inflation. A peak rate of 5% to 7% might be needed to contain inflation. "While the policy rate has risen significantly this year, it has yet to reach a level that could be justified as sufficiently restrictive," Bullard said in his presentation. A rate as high as 7% should have shocked the market,
Shop the store. Check out the foot traffic. Compare prices. Then tell me where this is headed. Anyone can post anything - and do. Understand your investment. You would be a fool not to. They say a fool and his money soon part. Then you can dismiss all the comments on this board and conclude your own reality.....$Target(TGT)$
$DBS GROUP HOLDINGS LTD(D05.SI)$It is earnings season again and a good time to size up how businesses are performing.Banks, being pillars of the economy, offer good clues as to how a vast swath of companies is doing.United Overseas Bank Ltd , or UOB, was the first bank to report its second quarter (2Q2022) and first half 2022 (1H2022) earnings.This was followed by OCBC Ltd which announced a record net profit for 1H2022.Finally, Singapore’s largest bank, DBS Group , weighed in with its results and outlook for the remainder of the year.At this juncture, investors may be wondering which of the three banks makes the most attractive investment.