Posts by John Bannan
The Rate-Hiking Crusade Against Inflation – Closing Bull June 24th, 2022
Quick Summary: In this week’s Closing Bull, Jerome Powell has told Congress that the Fed’s rate-hiking crusade against inflation could cause a recession. Inflation continues to hurt the economy with our without attempts at being tamed. President Biden urges Congress to suspend Federal gas and diesel taxes for three months. The Consumer Sentiment report from…
Read MoreBiden Urges Oil Giants to Ramp Up Supply – Closing Bull June 17th, 2022
Quick summary: In this week’s Closing Bull, we’ll be discussing the Fed’s approval of the largest interest-rate hike since 1994. Biden wants oil giants to pump more oil and extract less profit. Profits of big oil companies have doubled since the last quarter of 2021. President Biden’s approval ratings have tanked with gas prices playing…
Read MoreElon Musk Stalls Deal to Buy Twitter – Closing Bull June 10th, 2022
Quick Summary: In this week’s Closing Bull, the CPI report showed prices had risen 8.6% year over year. US chicken prices have gone up 16%. Avian flu has spread through major production regions, increasing boneless chicken breast prices by 68%. African swine fever has also swept through global pig herds. Elon Musk has put his…
Read MoreHiring Count Remains Strong in the U.S. – Closing Bull June 3rd, 2022
Quick Summary: In this week’s Closing Bull, the latest job report for the U.S. has come in showing strong numbers in hiring. Elon Musk emailed his employees to let them know he was cutting 10% of salaried workers. Big oil organizations to increase crude production to help offset the loss of sanctioned Russian oil. Russia’s…
Read MoreInflation Continues To Be Bullish On Stocks – The Closing Bull May 27th
Quick Summary: In this week’s Closing Bull, we’ll be talking about inflation continuing to bullish on stocks. Inflation rates continue to rise at a rate not seen since the 1980’s. Gas prices continue to surge. The world’s economic elite meet for the first time in 2 years at the World Economic Forum in Davos, Switzerland.…
Read MoreInflation Strikes America’s Largest Retailers – Closing Bull May 20th, 2022
Quick Summary: In this week’s Closing Bull, we’ll be discussing the market value of the S&P 500. The current state of the Nasdaq Composite. America’s largest retailers, Target and Walmart eating inflation costs. Energy is remaining at a record high. Tesla gets removed from the S&P ESG for lack of a low-carbon strategy, and finally…
Read MoreCrypto Industry Loses $500 Billion – Closing Bull May 13th, 2022
Quick Summary: In this week’s Closing Bull, we’ll be discussing the big loss the crypto industry took this week. Apple’s dethroning as the world’s most valuable company. Inflation reports a climb in consumer pricing. Disney reports a higher subscriber count than expected. Netflix’s plan to launch ad support to their streaming service, and Last but…
Read MoreShell Reports Record Quarterly Profits – Closing Bull May 6th, 2022
Quick Summary: In this week’s Closing bull, we’ll be taking a look at April’s job report showing a large gain, more than expected. The Feds raising rates by half a percentage point. Shell posted a record $9B quarterly profit. Potential talk of windfall taxes being used on companies. Consumer prices in Europe hit another record.…
Read MoreApple Reports One of Its Best Quarters – Closing Bull April 29th, 2022
Quick Summary: In this week’s Closing Bull, we’ll be discussing the ongoing crisis in Ukraine, Apple’s third-best sales quarter to date, Amazon’s sales slow decline, Twitter’s missed sales expectations, Slow growth in sales for Facebook’s parent company Meta, and Google’s sales report showing slow growth and profits. Let’s get into the news. Key News This…
Read MoreNetflix’s Stock Suffers 35% Loss – Closing Bull April 22nd, 2022
Quick Summary: In this week’s Closing Bull, we’ll be discussing the ongoing events between Ukraine and Russia. The Federal Reserve is determined to bring inflation down which could bring aggressive interest rate hikes. Tesla reports that its sales were up 81% from last year. Elon readies his finances to buy Twitter as execs try to…
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