The Fed may not be able to avoid a recession – and may not be able to bring inflation down to its 2% target either, according to BlackRock. “The Fed will be surprised by the growth damage caused by its tightening,” analysts said in a note on Tuesday. The bank’s analysts think a recession could… Continue reading Why the Fed won’t be able to avoid a recession or bring inflation down to its 2% target, according to BlackRock
China’s top energy firms are sending natural gas to European nations struggling with Russia’s supply cuts
Traders told Bloomberg that Chinese energy groups are sending liquefied natural gas to European nations. Major firms including Sinopec have send natural gas shipments to Europe throughout the year, per the report. China, the world’s biggest buyer of the key fuel, has seen demand slump amid strict COVID-19 policies in 2022. Loading Something is loading.… Continue reading China’s top energy firms are sending natural gas to European nations struggling with Russia’s supply cuts
You Bought a Car. Here’s How to Quickly Pay Down Your Auto Loan.
Amid talk of a recession and record-high inflation, you’d think Americans would keep a close eye on auto-loan spending. And you’d be wrong. New data from LendingTree shows the average U.S. monthly auto-loan payment stands at $644, up 11.8% from a year earlier. Worse, loan payments for used-cars and lease arrangements are rising faster than regular auto… Continue reading You Bought a Car. Here’s How to Quickly Pay Down Your Auto Loan.
Tax Moves for Those Joining the Retirement Tsunami
Americans retired at a rapid pace this year, turning 2022 into a retirement tsunami. There have been a string of reasons for it from the baby boom generation reaching retirement age to the ongoing coronavirus pandemic. For retirees, there are a number of tax strategies that can reduce your tax burden. In the video above,… Continue reading Tax Moves for Those Joining the Retirement Tsunami
What Small Businesses Need to Know About Installment Sales
Are you a small business owner planning to sell your business? You might want to consider an installment sale, a tax-saving strategy for many. While there are plenty of pros, there are risks, too. Retirement Daily’s Robert Powell caught up with Jeffrey Levine, CPA and tax pro from Buckingham Strategic Wealth Partners, to explain everything… Continue reading What Small Businesses Need to Know About Installment Sales
The Worst Time to use Tax-Loss Harvesting
There are many pros to tax-loss harvesting, allowing taxpayers to reduce the amount they owe during tax season. But, there are also times when tax-loss harvesting should be avoided. Retirement Daily’s Robert Powell caught up with Jeffrey Levine, CPA and tax pro from Buckingham Strategic Wealth Partners, to answer the question. TurboTax Live experts look out for… Continue reading The Worst Time to use Tax-Loss Harvesting
Ignore the politics and rumours when looking at oil’s short- and long-term potential
Martin Pelletier: The world is struggling to meet energy demand due to inadequate supply, even in a weaker economic environment A crude oil pump jack in the Permian Basin in Loving County, Texas. Photo by EUTERS/Angus Mordant/File Photo Politics can be a tough business, especially when it comes to its influence over markets. Advertisement 2… Continue reading Ignore the politics and rumours when looking at oil’s short- and long-term potential
Oil climbs over 3% as natural gas prices soar and OPEC+ meets to discuss trimming output
Oil rose about 4% Monday after OPEC+ agreed to cut output by 100,000 barrels a day in October. Crude producers agreed to trim supply after prices fell and Saudi Arabia floated the idea. Also in focus is the G7’s Russian oil price cap plan, after Moscow said it won’t sell to those participating. Loading Something… Continue reading Oil climbs over 3% as natural gas prices soar and OPEC+ meets to discuss trimming output
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