Stocks opened sharply lower Wednesday following two straight days of red-hot gains as yields on government bonds resumed their recent climb. The 10-year Treasury yield jumped 13.6 basis points to 3.753% after today’s round of data pointed to a resilient U.S. economy. (A basis point is equivalent to 0.01%.) The economic reports released this morning… Continue reading Stock Market Today: Stocks Close Lower After Roller-Coaster Session
Kim Kardashian agreed to pay the SEC $1.3 million – a warning shot from the watchdog to crypto-promoting celebrities
Kim Kardashian agreed to pay the SEC $1.3 million for promoting Ethereum Max this week. Other celebrities including Floyd Mayweather and Jake Paul have been hit with lawsuits from crypto investors. The SEC’s ruling is a “stark celebrity warning,” one analyst said. Loading Something is loading. Thanks for signing up! Access your favorite topics in… Continue reading Kim Kardashian agreed to pay the SEC $1.3 million – a warning shot from the watchdog to crypto-promoting celebrities
Oil prices are nowhere near demand destruction levels and there are 3 factors that could keep pushing crude higher, Morgan Stanley’s chief commodities strategist says
Oil prices are “nowhere near” demand destruction levels, Morgan Stanley commodities chief Martijn Rats said. Rats pointed to three factors that would slash global oil supply and push prices upward. “From that perspective, there is room to rally again,” Rats said on oil prices. Loading Something is loading. Thanks for signing up! Access your favorite… Continue reading Oil prices are nowhere near demand destruction levels and there are 3 factors that could keep pushing crude higher, Morgan Stanley’s chief commodities strategist says
The stock market is headed for a new 2022 low in October after strong jobs report strengthens the Fed’s case for more hawkish rate hikes, BofA says
The stock market is poised to make a new low in October after September’s strong jobs report, according to Bank of America.The US economy added 263,000 jobs last month, and the unemployment rate dipped to 3.5%.”Only question for investors is hard landing or soft landing in 2023; we say hard landing,” BofA said. Loading Something… Continue reading The stock market is headed for a new 2022 low in October after strong jobs report strengthens the Fed’s case for more hawkish rate hikes, BofA says
A 40-year-old real estate investor who rehabbed a distressed property and raised its value by over $100,000 says it was his most financially successful project. Here’s why he’ll never do it again.
Tom Brickman, 40, is a real estate investor who works with a lot of fixer-uppers. His biggest job was cleaning out the 4-bedroom home of someone with a hoarding disorder. He profited $100,000 but will never do it again because of how exhausting and risky the work is. Value-add investors may fantasize about a deal… Continue reading A 40-year-old real estate investor who rehabbed a distressed property and raised its value by over $100,000 says it was his most financially successful project. Here’s why he’ll never do it again.
Five reasons bad news is not always bad news for investors
Peter Hodson: This will help ensure you’re not selling at the exact bottom of this market cycle A trader works on the floor of the New York Stock Exchange in September. Photo by Brendan McDermid/Reuters The nice two-day rally in the markets has given most investors some hope. It has been a long time since… Continue reading Five reasons bad news is not always bad news for investors
Stock Market Today: Jobs Data Delivers Blow to Stocks
Stocks finished the week far from where they started as Friday’s jobs data all but confirmed that the Federal Reserve still has a long way to go to slow the economy. Earlier today, data from the Labor Department showed the U.S. added 263,000 jobs in September. While this marked a 17-month low in terms of… Continue reading Stock Market Today: Jobs Data Delivers Blow to Stocks
Is the Stock Market Closed on Columbus Day/Indigenous Peoples’ Day 2022?
With fall in full swing, Columbus Day/Indigenous Peoples’ Day lands on the first Monday of October. As the nation celebrates with a 3-day weekend, bond markets will also be closed on Monday, October 10. Stock markets will trade as usual. Unlike some market holidays, however, there are no early hours ahead of the holiday. The… Continue reading Is the Stock Market Closed on Columbus Day/Indigenous Peoples’ Day 2022?
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