$ROOT
Root Inc
PRICE
$9.23 β²0.326%
Delayed Price
VOLUME
23,095
DAY RANGE
-
52 WEEK
3.31 - 14.8
Join Discuss about ROOT with like-minded investors
@cRUSTYTrades #ivtrades
I attribute it to magnesium. nascient iodine and beet root juice. it's been life changing for me.
90 Replies 14 π 10 π₯
@dros #droscrew
Top Earnings Wed 5/3 Aft: $ACEL $ACLS $ACR $ACT $ADPT $AEIS $ALB $ALKT $ALL $ALLO $AMED $AMK $AMOT $AMPY $AMWL $ANSS $APA $ARC $ARDX $ASPN $ATO $ATUS $AUR $AVNW $AVT $BBSI $BCOV $BHE $BKH $BNL $CCRN $CDAY $CENT $CENTA $CFLT $CHRD $CIVI $CLMB $CMPO $CODI $COKE (1/6) Top Earnings Wed 5/3 Aft: $CORT $CPE $CPK $CPS $CRD/A $CSGS $CSTL $CSV $CTSH $CTVA $CW $CXW $DEN $DHT $DLHC $DRS $ECOR $ECPG $ELA $EQC $EQH $EQIX $ERII $ES $ESTE $ETSY $EVH $EZPW $FARO $FATE $FBRT $FG $FLT $FNF $FORM $FPI $FROG $FSLY $GHL $GIL $GKOS $GL $GMRE $GNK (2/6) Top Earnings Wed 5/3 Aft: $GNW $GOOD $GRBK $GTBIF $HBB $HCC $HDSN $HOUS $HST $HUBS $INFA $INFN $INMB $INN $INSG $IOSP $IPI $IR $IVAC $JOBY $KLIC $KNTK $KTOS $KW $LESL $LMND $LODE $LUMO $MELI $MET $METC $MG $MGY $MKSI $MLR $MMS $MOR $MOS $MRAM $MRO $MTG $MX $MYGN (3/6) Top Earnings Wed 5/3 Aft: $NARI $NC $NE $NFG $NGVT $NSTG $NUS $NVEC $NVST $NWPX $NYMT $O $OLED $OM $OPAD $OPK $OUT $PAHC $PARR $PCOR $PDCE $PGRE $PKOH $PLMR $PSA $PSNL $QCOM $QDEL $QGEN $QNST $QRVO $RDN $REI $RELY $REZI $RGLD $RGNX $RGR $RHP $RM $RMNI $RMR $ROOT (4/6) Top Earnings Wed 5/3 Aft: $RPT $RSI $RUN $RVLV $RYN $SBOW $SBRA $SEDG $SGU $SIGI $SITM $SNEX $SP $SPNT $SPOK $SRC $SRI $SRTS $STAA $STR $SUM $SYNA $TIPT $TNDM $TPIC $TPL $TPVG $TRIP $TSVT $TTEC $TTMI $TWI $TXG (5/6) Top Earnings Wed 5/3 Aft: $UDMY $UFI $UGI $ULCC $UPWK $USDP $USIO $USPH $VAC $VAPO $VET $VMEO $VNDA $VSTO $VTOL $WEAV $WERN $WES $WMB $WTS $YELL $Z $ZG $ZIMV (6/6)
122 Replies 10 π 15 π₯
@cRUSTYTrades #ivtrades
secret drink ginger juice mixed with beet root juice and distilled water
100 Replies 13 π 7 π₯
@trademaster #TradeHouses
By Howard Schneider WASHINGTON (Reuters) -An historically low U.S. unemployment rate and rising wages will likely keep the Federal Reserve on track to raise interest rates by another quarter of a percentage point next month, as risks of a financial crisis ease while concern about inflation remains high. U.S. job growth is slowing, something Fed policymakers have anticipated as they raised borrowing costs. But the economy still added 236,000 jobs in March, and has averaged gains of 345,000 per month during the first quarter, well above the level the central bank sees as consistent with its 2% inflation goal. The unemployment rate fell to 3.5% last month, from 3.6% in February, even as the labor force grew by about half a million people and the participation rate rose slightly. Average hourly wages rose 0.3%, slightly faster than the month before. The latest jobs report offered the last broad glimpse of the labor market that Fed officials will receive before their May 2-3 policy meeting, and marks another step towards refocusing debate from a potential crisis spurred by the collapse of two regional banks back to their effort to curb high inflation. Investors in contracts tied to the Fed's benchmark overnight interest rate added to bets that rates will keep rising, with a quarter-of-a-percentage-point increase next month now given a nearly two-thirds probability. "Despite weakening in employment readings in the run-up to the non-farm employment report, employment growth has not yet collapsed though there are visible signs of continued moderation," Kathy Bostjancic, chief economist at Nationwide, wrote shortly after the report was released. Bostjancic said the Fed overall would be pleased by the data, though she added that it "still is supportive of another rate hike in May - which we think could be the last for the tightening cycle. Followed by a long pause." In a possible further sign of easing inflationary pressures, the pace of wage growth on a year-over-year basis declined to 4.2% in March, from 4.6% in the prior month, continuing a recent downward trend. Economists polled by Reuters had expected a gain of 239,000 jobs in March, with hourly wages seen rising at a 4.3% annual rate and the unemployment rate remaining at 3.6%, a level seen less than 20% of the time since World War Two. By comparison, payroll growth in the decade before the COVID-19 pandemic averaged about 180,000 per month, and wage growth remained close to the 2%-3% range seen by Fed policymakers as consistent with their goal of a 2% annual increase in the Personal Consumption Expenditures price index. The PCE price index was rising 5% annually as of February, or 4.6% when volatile food and energy prices were excluded, too high for the Fed's liking and with improvement coming only slowly in recent months. Ahead of the report, Gregory Daco, chief economist at EY Parthenon, said he expected it would show that "labor market tightness will remain a feature of this business cycle," and prompt the Fed to keep raising rates. STILL HOT? The question now is how long that business cycle might last, and whether the seeds of a serious slowdown are taking root. The median unemployment rate projected for the end of 2023 by Fed officials at their March meeting was 4.5%, implying a comparatively steep rise in joblessness that in the past would indicate a recession was underway. Fed officials would never say their aim is to cause a recession. But they've also been blunt that, as it stands, there are too many jobs chasing too few workers, a recipe for wage and price increases that could start to reinforce each other the longer the situation persists. "The labor markets still remain quite, I would say, hot. Unemployment is still at a very low level," Boston Fed President Susan Collins said in an interview with Reuters last week. "Until the labor markets cool, at least to some degree, we're not likely to see the slowdown that we probably need" to lower inflation back to the Fed's target. Change, however, may be coming. Daco noted the decline in the average number of weekly hours worked in February, a statistic he says bears watching for evidence of "a more concerning labor market slowdown." The average work week fell in March to 34.4 hours, from 34.5 hours in the prior month. Payroll provider UKG said shift work among its sample of 35,000 firms fell 1.6% in March, a non-seasonally adjusted figure that Dave Gilbertson, a vice president at the company, said indicated overall job growth that was positive but not "as overheated as it has been." Job gains in January and February were larger than anticipated and produced a brief moment when Fed officials thought they might have to return to larger rate increases, a sentiment that died after the recent failures of Silicon Valley Bank and Signature Bank (OTC:SBNY). Economists at the Conference Board, meanwhile, said a new index incorporating economic, monetary policy, and demographic data showed 11 of the 18 main industries at modest-to-high risk of outright layoffs this year. Conference Board economists have been bearish in contending that a recession is likely to start between now and the end of June, though "it could still take some time before there are going to be widespread job losses," said Frank Steemers, a senior economist at the think tank. EYE ON SERVICES Some of that may be starting. The Labor Department on Thursday unveiled revisions to its measure of jobless benefits rolls showing that more than 100,000 additional people have recently been receiving unemployment assistance than previously estimated. Moreover, outplacement firm Challenger, Gray & Christmas said the roughly 270,000 layoffs announced this year through March were the highest quarterly total since 2009, outside of the pandemic. For the Fed, however, that is just one part of the puzzle. How "slack" in the labor market links to lower inflation may depend on where job growth slows, and over what timeline. New research from the Kansas City Fed suggested the process may prove stickier than expected because the service sector industries currently driving wage growth and inflation are the ones that are least sensitive to changes in monetary policy. If industries like manufacturing and home building follow familiar patterns as the Fed raises interest rates, credit gets more expensive and demand and employment slow. But the service industries that are responsible for most U.S. economic output are more labor-intensive and less sensitive to rate increases, Kansas City Fed economists Karlye Dilts Stedman and Emily Pollard wrote. "The services sector, in particular, has contributed substantially to recent inflation, reflecting ongoing imbalances in labor markets where supply remains impaired and demand remains robust," they wrote. "Because service production tends to be less capital intensive and services consumption is less likely to be financed, it also tends to respond less quickly to rising interest rates. Thus, monetary policy may take longer to influence a key source of current inflation."
42 Replies 15 π 12 π₯
@NoobBot #Crypto4Noobs
**conorsen:** Canβt really root for Saudi Arabia in any circumstances but this is very funny. https://twitter.com/conorsen/status/1595016505363685382
133 Replies 14 π 9 π₯
@NoobBot #Crypto4Noobs
**mark_dow:** When bad news is good news, Santelli never knows what to root for https://twitter.com/mark_dow/status/1578000802613891072
146 Replies 13 π 10 π₯
@trademaster #TradeHouses
By Amanda Cooper LONDON (Reuters) -Global stocks and bond prices rallied on Tuesday, buoyed by a growing belief among investors that central banks may be on the verge of shifting down a gear in their quest to fight inflation, while UK assets benefitted from a government U-turn on tax cuts. A number of factors have helped douse some of the expectations for policymakers to deliver hefty rate hike after rate hike to quell inflation. A weaker read of U.S. manufacturing data for September, coupled with a retreat in eye-wateringly high European energy prices, and a smaller rate rise by the Australian central bank helped push down borrowing costs around the globe and plumped up investor appetite for risk. With borrowing costs having surged in the last couple of weeks in particular, a number of companies, including Swiss lender Credit Suisse, have found themselves in the line of fire. "The sight of a bond rally when investors smell a whiff of a central bank pivot is something to behold," ING strategists led by Padraig Garvey said. "The root cause of the recent re-pricing lower in rates can be traced back to two factors: the global economic slowdown and resurgent fears for financial stability." The MSCI All-World index was last up 0.9% on the day, while stocks in Europe headed for their biggest one-day rally in over three months, as the Stoxx 600 traded 2.6% higher and London's FTSE gained 1.8%. The pound, meanwhile, rose 0.1% against the dollar to trade at $1.1363, having pared some of the day's gains. Sterling has risen by more than 10% since the mini-budget unveiled by Finance Minister Kwasi Kwarteng last week triggered alarm across the financial markets. Global bond yields headed lower, with those on the benchmark U.S. 10-year Treasury note falling 6 basis points to 3.587%. The yield fell by nearly 20 basis points on Monday, having topped 4.0% just last week. "Noticeably, that move lower was entirely driven by a fall in real yields, with inflation breakevens moving higher on the day, which is again a sign that investors are pricing in a much less aggressive reaction from the Fed," Deutsche Bank (ETR:DBKGn) strategist Jim Reid said in a daily note. DOLLAR RELAXES ITS GRIP With Treasury yields falling, the dollar was on course for a fifth consecutive daily loss against a basket of currencies - its longest streak of declines since August 2021 - as investors began to price in the possibility that tighter credit conditions will make the Federal Reserve tread more carefully. However, some analysts said this optimism may be misplaced. "My firm view, however, is that this will not be the case. While, technically, having a dual mandate, the Fed have effectively become a single-issue central bank; that issue being bringing inflation back to the 2% target," Michael Brown, chief strategist at CaxtonFX, said. "Unless we see a few months of consecutive improvement in inflation data, it's tough to envisage any sort of pivot, with another 75 bps hike remaining my base case for next month's decision. It's tough to be long risk with that on the radar." Markets show investors believe inflation is likely to drop more quickly. On a five-year horizon, investors see inflation at just 2.24%, down from nearer 3% six weeks ago. In Europe, benchmark natural gas prices, which have served as a proxy for inflation, fell to their lowest in two months, which could take some pressure off the European Central Bank. In the UK, Kwarteng on Monday announced the government would back down on a tax cut for top earners that formed part of a package aimed at boosting growth. This measure only makes up a small part of the 45 billion pounds ($51 billion) in unfunded tax cuts, but it was enough to soothe some of the recent angst in the market and, together with emergency bond buying from the Bank of England, sterling was set to make up most of the losses incurred since the mini budget was unveiled on Sept. 23. But the respite seen across the markets on Monday and Tuesday would likely not last, given the bleak outlook for the British economy, analysts said. "The about-face ... will not have a huge impact on the overall UK fiscal situation in our view," said NatWest Markets' head of economics and markets strategy John Briggs. "(But) investors took it as a signal that the UK government could and is at least partially willing to walk back from its intentions that so disrupted markets over the past week." S&P 500 futures rose 1.8%, following a 2.6% bounce for the index overnight, suggesting a second day of gains may be in the offing on Wall Street later. [.N] Oil rallied for a second day, boosted by the prospect of output cuts from the world's biggest exporters, leaving Brent futures up 1.1% at $89.84 a barrel. ($1 = 0.8827 pounds)
81 Replies 8 π 6 π₯
@Chano #StockTraders.NET
I think those can be summarized as fear of losing as the root cause
119 Replies 15 π 6 π₯
@NoobBot #Crypto4Noobs
Maaria Bajwa: 'People Like to Root Against the Winners.' https://www.coindesk.com/business/2022/04/25/maaria-bajwa-people-like-to-root-against-the-winners/?utm_medium=referral&utm_source=rss&utm_campaign=headlines
122 Replies 10 π 10 π₯
@trademaster #TradeHouses
By Stella Qiu and Kevin Yao BEIJING (Reuters) -China said on Friday it would cut the amount of cash that banks must hold as reserves for the first time this year, releasing about 530 billion yuan ($83.25 billion) in long-term liquidity to cushion a sharp slowdown in economic growth. The People's Bank of China (PBOC) said on its website it would cut the reserve requirement ratio (RRR) for all banks by 25 basis points (bps), effective from April 25, but analysts said it might not yet be enough to reverse the slowdown. Heightened global risks from the war in Ukraine and within China widespread COVID-19 lockdowns and a weak property market have triggered convulsions in the world's second-largest economy that are quickly spilling over into global supply chains. China's exports, the last major driver of growth, are also showing signs of fatigue, and some economists say the risks of a recession are rising. "I donβt think this RRR cut matters that much for the economy at this stage," said Zhiwei Zhang, chief economist at Pinpoint Asset Management, noting it was less than markets had expected. "The main challenge the economy faces is the Omicron outbreaks and the lockdown policies that restrict mobility. More liquidity may help on the margin, but it doesnβt address the root of the problem," he said. The PBOC said the latest RRR cut would boost the long-term funds for banks, enabling them to step up support for industries and firms affected by COVID-19 outbreaks, and lower costs for banks. It will cut financial institutions' annual funding costs by about 6.5 billion yuan. The PBOC will also continue to keep liquidity broadly stable, while closely watching inflationary trends and policy changes made by developed countries, it said. For city commercial banks that do not have cross-provincial business and rural commercial banks that have an RRR of more than 5%, they are entitled to an additional cut of 25 bps. The weighted average RRR for financial institutions will be lowered to 8.1% after the cut, the central bank said. Ting Lu, chief China economist at Nomura, expects another 25bp RRR cut before the year-end, most likely before mid-2022, before cutting RRR for some big banks that still have relatively high reserve ratios. "We expect the PBOC to focus on increasing its direct credit support to small- and medium-sized enterprises, the agricultural sector, green investment, tech and elderly care via the MLF (medium-term lending facility), relending and rediscounting channels," Lu said. HEADWINDS The cut, which follows a broad-based reduction in December, had been widely expected after China's cabinet said on Wednesday that monetary policy tools should be used in a timely way to bolster growth. The PBOC has also started cutting interest rates, while local governments have expedited infrastructure spending and the finance ministry has pledged more tax cuts. China's economy rebounded strongly from a pandemic-induced slump in 2020 but cooled over the course of 2021 due to persistent property market weakness and strict measures to contain COVID-19 flare-ups, which hurt consumption. The government's determination to halt the latest spread of record COVID-19 cases has clogged highways and ports, stranded workers and shut countless factories - disruptions that are ripping through global supply chains for goods ranging from electric vehicles to iPhones. China's imports unexpectedly fell in March as the restrictions hampered freight arrivals and weakened domestic demand, while export growth also slowed. Factory and services sector activity both contracted. The government is targeting economic growth of around 5.5% this year as headwinds build, but some analysts say that may now be hard to achieve without more aggressive stimulus measures. With other major central banks such as the U.S. Federal Reserve set to aggressively raise interest rates or already doing so, more forceful easing in China could spur potentially destabilising capital outflows as investors shift money to higher yielding assets. Earlier on Friday, the PBOC kept the rate on its medium-term lending facility unchanged for a third straight month, as expected.
124 Replies 10 π 8 π₯
Key Metrics
Market Cap
88.32 M
Beta
2.18
Avg. Volume
109.60 K
Shares Outstanding
9.60 M
Yield
0%
Public Float
0
Next Earnings Date
2024-02-21
Next Dividend Date
Company Information
other insurance companies don't know whether you're a good driver or a bad driver. they set insurance prices based on crude factors like age and gender, resulting in bad drivers paying too little, and good drivers paying too much. at root, we are changing that. we've created a way to understand how you actually drive, so that we can give the best drivers the best insurance prices.
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