US Consumer Spending Recovers * Consumer spending increased by 2.4 percent in January. * While personal income increased by 10 percent; Savings rate followed with 20.5 percent. * Core personal consumption expenditures index increased by 0.3 percent and 1.5 percent annually. US consumer spending showed the biggest increase it has experienced in seven months in January, due to pandemic cash subsidies by the government to low-income households and the fall of new COVID-19 infections. Price pressures have been silenced with the strong recovery in consumer spending as reported by the Ministry of Commerce on Friday (today). There are some concerns that...

Cheap Valuable Stocks You Can Buy - Altria Cheap Valuable Stocks You Can Buy - Altria, Some might say the US tobacco industry is dead due to falling cigarette sales volume, but Altria paints a different picture. The nicotine giant managed to grow in 2020 despite a difficult year that went through due to the coronavirus epidemic (which may have benefited from the industry with increased smoking rates). If the return to low-risk products continues in the coming years, it could support growth. Altria compensated for the 0.2 percent drop in product sales volumes with all-year revenues, with price increases. For...

Cheap Valuable Stocks You Can Buy - MGM Resorts 1. MGM Resorts The North American online gambling market is starting to move. MGM Resorts is an excellent company that can be traded at minimal prices. The S&P 500 trades at an average price to earnings ratio of almost 40, making this index an expensive place for some investors. But the good news is that some companies are still rebelling against this trend. Does MGM Resorts (NYSE: MGM) deserve investment with its inexpensive valuation and exciting new growth factors?   1. MGM Resorts The North American online gambling market is warming up...

Coinbase Goes Public Via Direct Listing! The company reported a tremendous growth in net revenue in 2020 and a total revenue that more than doubled compared to the same period of the previous year. Coinbase, the largest crypto exchange platform in the US, submitted its official statement to the Securities and Exchange Commission to go public via direct listing. The platform, which enables investors to buy and sell Bitcoin (CRYPTO: BTC) and derivative digital assets, wants to generate up to $ 1 billion in revenue with this move. According to various media outlets, this value can reach up to $ 100...

Weekly Unemployment Applications in the USA Decreased! Weekly unemployment applications in the USA decreased significantly compared to last week. The recovery in the labor market took a step forward despite the harsh winter weather and the coronavirus pandemic. The Ministry of Labor announced its new unemployment claims weekly report in the morning on Thursday (today). The main metrics of the consensus compiled by Bloomberg were: For the week ending February 20, unemployment claims were announced as 730,000 versus the expected 825,000. This is the first time unemployment claims fell below 800,000 in the past seven weeks. The vast majority of US...