Guns are big business in the U.S., and gun crime has remained a high-profile political issue. Jinitzail Hernandez/Shutterstock Guns are big business in the U.S., and gun crime has remained a high-profile political issue. America has more guns than people — 120.5 guns for every 100 residents. Guns are big business in the U.S.: One… Continue reading The States That Rely Most on the Gun Industry
What are Best and Worst Cities to Lift Your Credit Rating?
For many of us, credit scores are very important. “Lower interest rates [on loans], better insurance coverage, and access to better credit cards are just a few of the benefits you can experience when establishing a good line of credit,” wrote Alex Miller, chief executive of Upgraded Points, a travel information service. You can add… Continue reading What are Best and Worst Cities to Lift Your Credit Rating?
Consumers: Not Drowning but Not Soaring Either
The July consumer price report provided mixed data on inflation, with prices unchanged in the month from June but still up 8.5% from a year earlier. A report on July consumer payments by Bank of America Institute, the bank’s internal think tank, similarly showed mixed results. Total payments rose 7% in July from a year… Continue reading Consumers: Not Drowning but Not Soaring Either
Gasoline Prices Fall to $3.99, Reaching March Lows
Gasoline prices continued their decline falling to $3.99 on Aug. 9 and meeting the lows in March — but market analysts say drivers aren’t yet out of the woods. The latest figures mark the 55th consecutive day of declines. giving drivers a break as high inflation rates have pummeled their budgets. The national average price… Continue reading Gasoline Prices Fall to $3.99, Reaching March Lows
Stock Market Today: Encouraging Inflation Data Sparks Stunning Stock Rally | Kiplinger
Stock Market Today Signs that inflation might have peaked sparked a broad-based rally in stocks on Wednesday.The latest inflation data catapulted stocks higher out of the gate on Wednesday, with the major market indexes rallying hard into the close. Ahead of this morning’s opening bell, the Labor Department said its consumer price index (CPI) rose… Continue reading Stock Market Today: Encouraging Inflation Data Sparks Stunning Stock Rally | Kiplinger
IRA Bill a Blessing in Disguise for Drug Stocks? | Kiplinger
investing Coming limits on drug pricing may not be bad news for drug makers after all.At first glance, the measures to curb drug price increases in the Inflation Reduction Act seem like negatives for pharma and biotech stocks. If passed, as expected, Medicare would be allowed to negotiate the price it pays for a limited… Continue reading IRA Bill a Blessing in Disguise for Drug Stocks? | Kiplinger
How to Beef Up Your Portfolio Against Inflation | Kiplinger
investing These sectors are better positioned to benefit from rising prices.“The deceleration in the consumer price index for July is likely a big relief for the Federal Reserve,” says Nancy Davis, portfolio manager of the Quadratic Interest Rate Volatility and Inflation Hedge ETF (IVOL). “If we continue to see declining inflation prints, the Federal Reserve… Continue reading How to Beef Up Your Portfolio Against Inflation | Kiplinger
Investors are betting there’s a 60% chance of a smaller Fed rate hike in September after July inflation cooled
Investors on Wednesday were betting the Fed will dial back on rate hikes next month after July’s CPI reading. The CME FedWatch tool showed a 41.5% probability of a September rate increase of 75 basis points, coming down from 68% on Tuesday. The US Dollar Index was lower after July inflation cooled to 8.5%. Loading… Continue reading Investors are betting there’s a 60% chance of a smaller Fed rate hike in September after July inflation cooled
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