More than 90,000 freight railroad workers are preparing to strike for better pay and more time off. Officials have warned that the strikes could cost the US economy $2 billion a day. But the strikes won’t cause an economic ‘black swan’ event, Goldman Sachs’s Jan Hatzius said. Loading Something is loading. Striking freight-railroad workers are… Continue reading The US is bracing for railroad strikes – but markets shouldn’t see that as a ‘black swan’ event, Goldman Sachs’ chief economist says
iOS 16 is Here: How to Update And Our Favorite Features
Yes, Apple announced the iPhone 14 family on Sept. 7 and now the Cupertino-based tech giant is rolling out iOS 16. It’s a free over-the-air software upgrade that brings a bevy of new features including a customizable lock screen, the ability to edit Messages, and some major new Health features to iPhone everywhere. Not to… Continue reading iOS 16 is Here: How to Update And Our Favorite Features
When and How Should You Adjust Your Tax Withholding?
Retirement Daily’s Robert Powell caught up with Jeffrey Levine, CPA and tax pro from Buckingham Strategic Wealth Partners, to discuss when and how to adjust your tax withholding. Watch the video above, or read the transcript below. Tax Tips for Adjusting Tax WithholdingYou should adjust your tax withholding any time there’s a significant change in… Continue reading When and How Should You Adjust Your Tax Withholding?
A handful of portfolio strategies to help 60/40 investors sleep better at night
Martin Pelletier: Here are five ways to help navigate this unique market environment Monitors display S&P 500 market information at Morgan Stanley’s headquarters in New York, U.S. Photo by Michael Nagle/Bloomberg files This has no doubt been a very challenging year for conservative 60/40 investors who have been told for so long that having a… Continue reading A handful of portfolio strategies to help 60/40 investors sleep better at night
European gas prices fall to a 7-week low as Russia suffers major setbacks in Ukraine war
European natural gas prices fell over 7% Monday as Ukrainian forces made a rapid advance. The Russian setback raised hopes the conflict will end earlier than seen and ease Europe’s energy crisis. The euro and British pound climbed against the dollar, while the flagship Stoxx 600 also rallied. Loading Something is loading. European natural gas… Continue reading European gas prices fall to a 7-week low as Russia suffers major setbacks in Ukraine war
A new Gazprom plant is shipping its first liquefied natural gas cargo to Greece just 6 months after the EU vowed to drastically reduce Russian gas imports
The first cargo from Russian state giant Gazprom’s new LNG plant in Portovaya is heading to Greece. That’s even though the EU has pledged to reduce the bloc’s reliance on natural gas from Russia. The EU — which is dependent on Russia for gas — faces an energy crisis as supply has slowed. Loading Something… Continue reading A new Gazprom plant is shipping its first liquefied natural gas cargo to Greece just 6 months after the EU vowed to drastically reduce Russian gas imports
Elon Musk warns the Fed could send prices spiraling downward if it hikes interest rates too sharply this month
Elon Musk cautioned that a major rate hike by the Federal Reserve could spark deflation. Musk bemoaned cost pressures at Tesla and SpaceX in March, but recently argued inflation has peaked. Cathie Wood, Michael Burry, and other commentators have also flagged deflation as a possibility. Loading Something is loading. If the Federal Reserve raises interest… Continue reading Elon Musk warns the Fed could send prices spiraling downward if it hikes interest rates too sharply this month
Janet Yellen warns US gas prices could spike this winter as oil soars once Europe stops buying Russian crude
Janet Yellen warned there’s a risk US gas prices at the pump could rise again in winter. The US Treasury chief said the EU’s ban on seaborne Russian oil could cause crude prices to soar. The average price of gas in the US has fallen steadily since hitting a high above $5 in June. Loading… Continue reading Janet Yellen warns US gas prices could spike this winter as oil soars once Europe stops buying Russian crude
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