Economic update for the week ending January 15, 2022Stock markets down slightly for the week – This week the December CPI number, a key indicator of inflation, showed that consumer prices had risen 7% year-over-year, the largest increase since 1982. The Commerce Department reported that U.S. retail sales dropped 1.9% in December, indicating that higher … Continue reading "Jan 15th 2022 Report"
MIAMI, FL / ACCESSWIRE / August 4, 2021 / Cuentas, Inc. (NASDAQ:CUEN)(NASDAQ:CUENW) (‘Cuentas’), a leading FinTech provider of mobile banking, digital wallet and payment solutions focused on Hispanic and Latino communities signed a Marketing and Promotion Agreement with Benelisha Group Inc., (‘Benelisha’) a financial service provider throughout the State of California. Cuentas and Benelisha are hosting … Continue reading "Cuentas and Benelisha Group Inc 3 Years Agreement"
Economic Update For The Week Ending February 20, 2021Stock markets ended the week slightly lower on inflation fears – U.S. retail sales jumped 5.3% in January. This unexpected jump was credited mostly to consumers spending stimulus checks, as well as a general feeling that the worst of COVID is behind us. On the other hand, … Continue reading "Feb 21th 2021 Report"
Stock markets ended the week at record highs – Major stock indexes followed their worst week since October with their best week since November. Markets erased all their losses from last week and stocks surged to record highs. Investors jumped back into the market based on many new developments. Those included: another round of stimulus, … Continue reading "Feb 6th 2021 Report"
Stock markets suffered their largest weekly decline since October – Stock markets had their worst week since October as investors digested comments by the Fed, a disappointing fourth quarter GDP report, increasing job losses, and a pullback in consumer spending. The Fed shocked investors early in the week when they made comments suggesting that their … Continue reading "Jan 31th 2021 Report"
Stock markets dropped as COVID-19 related job losses surge – Stock markets fell off their all-time highs last week as investors feared that the economic business closures may last longer than expected due to what appears to be an out of control spread of COVID-19, and a vaccination process that has failed to live up … Continue reading "Jan 16th 2021 Report"
The U.S. Economy lost 140,000 jobs in December – The Department of Labor Statistics reported that 140,000 non-farm jobs were lost in December. This marked the first month of net job losses since April. As COVID-19 cases continue to spike, most states and local governments have entered more restrictive shutdowns. This has caused another round … Continue reading "Jan 9th 2021 Report"
