Capitalist Countdown: Wealthy VC’s Top 5 Investing News Stories of the Week
Welcome to Wealthy VC’s Capitalist Countdown.
The Capitalist Countdown is a weekly series that features the biggest stories from the market’s hottest stocks as well as news from under-the-radar hidden gems capable of delivering multibagger returns to your portfolio.
Please sit back, relax and enjoy Capitalist Countdown’s top 5 market-moving news stories for the week of May 15th – 21st, 2023.
5. Home Depot Braces for First Quarterly Earnings Dip in Three Years
Investors Are Keeping a Close Eye on Home Depot’s Financials For the First Quarter of 2023
The home improvement retailer is expected to report an earnings shortfall for the first time in three years.
Read the full story here.
4. Here’s How the Alberta Wildfires Are Impacting Investments in the Energy Sector
Energy Investors Affected By the Alberta Wildfires Can Only Hope That Any Potential Negative Impact is Temporary
Here’s how the larger oil extraction and energy stocks are being hit heavily because of these wildfires and why this time is different than the wildfires of 2016.
Read the full story here.
3. Why the U.S. Could Soon Default on Its Debt For the First Time Ever
Prominent Wall Street Investors Are Taking Preemptive Measures to Hedge Against This Potential Economic Disaster
If Congress still hasn’t addressed the debt ceiling crisis by June 1, 2023, the United States could be set to default on its debt for the first time in the nation’s history.
Read the full story here.
2. Impact of Unexpected Rise in Canadian Inflation
In a Surprising Turn of Events, Canada’s Annual Inflation Rate Surged in April For the First Time in Ten Months
Contrary to the anticipated slight dip to 4.1%, the inflation rate climbed to 4.4%. This unexpected uptick is likely to reignite discussions around the interest rate, which has been stable since January.
Read the full story here.
1. U.S. Debt Crisis Looms: Progress Confirmed by Speaker
The United States is approaching a Potential Default on its Debt, Which May Be Avoidable
After keeping you updated in our previous article here, there’s been a new development. House Speaker Kevin McCarthy recently expressed optimism about averting the much-feared US debt default. Here’s why the development might offer some respite to the investment community.
Read the full story here.
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Disclaimer: Wealthy VC does not hold a position in any of the stocks, ETFs or cryptocurrencies mentioned in this article.
