1. Your Chances of Winning Big are Itty Bitty. You might not be surprised to learn that you’re more likely to get elected to Congress than to strike it rich in the lottery. According to Powerball, the odds of winning any prize are about one in 25, but the chances of winning the big money… Continue reading Seven Things You Should Know About Winning a Lottery Jackpot | Kiplinger
Dow sinks 600 points as investors brace for Russia to intensify invasion of Ukraine
The Dow industrials tumbled 600 points Tuesday as Russia ramped up its invasion of Ukraine. The energy sector on the S&P 500 was the only gainer as oil prices surged to 2014 highs. Target stock was a winner after the retailer’s fourth-quarter earnings report. Loading Something is loading. US stocks closed firmly lowers on Tuesday,… Continue reading Dow sinks 600 points as investors brace for Russia to intensify invasion of Ukraine
Investors should wait to buy the dip in stocks as instability from Russia-Ukraine crisis is set to persist, asset manager says
Investors should hold back from buying the dip in stocks with global markets shaken by Russia’s invasion of Ukraine, said Generali Investments. Risks are tilted towards a more protracted rise in energy costs, which could hurt global growth and the earnings outlook. The S&P 500 pushed further into a correction as the stock market sold… Continue reading Investors should wait to buy the dip in stocks as instability from Russia-Ukraine crisis is set to persist, asset manager says
The stock market has more downside coming as investors chase the dip rather than throw in the towel, Bank of America says
The stock market has more downside ahead as investors have yet to throw in the towel, according to Bank of America.The bank sees the potential for the S&P 500 to fall to 3800, representing 12% downside potential.”Both late January and late February had big gap downs followed by upside reversals. However, neither period showed true… Continue reading The stock market has more downside coming as investors chase the dip rather than throw in the towel, Bank of America says
Ukraine raises $270 million in war bonds to support military while massive Russian convoy closes in on Kyiv
Ukraine raised about $270 million worth of war bonds to fund its defense against Russia. The Eastern European country turned to more traditional finance after raising millions in crypto. The sale came as a Russian convoy stretching 40 miles long closed in on Kyiv, the capital of Ukraine. Loading Something is loading. Ukraine has turned… Continue reading Ukraine raises $270 million in war bonds to support military while massive Russian convoy closes in on Kyiv
Visa and Mastercard have banned Russian banks as more Western sanctions roll out
Visa and Mastercard announced they have blocked certain financial institutions from their networks. They cited economic sanctions Western nations have put on Russia after it invaded Ukraine. The payment giants also both pledged $2 million each in humanitarian relief for Ukraine. Loading Something is loading. Payment processors Visa and Mastercard announced they have blocked certain Russian… Continue reading Visa and Mastercard have banned Russian banks as more Western sanctions roll out
Summers: Housing Inflation Could Hit 7% This Year
That’s inflation in the cost for shelter. It doesn’t take into account the rising value of homes themselves. Housing inflation, as measured by the government, will likely jump to 6.5% to 7% this year, according to Harvard economist Larry Summers. That compares to an increase of about 4% for the 12 months ended in January.… Continue reading Summers: Housing Inflation Could Hit 7% This Year
Experts See Wages Rising Across the Economy
If ‘wages rise faster than productivity in a broad-based way, inflation pressures may continue to broaden out,” the Fed said. Target’s (TGT) – Get Target Corporation Report $300 million plan for wage increases announced Monday reinforces the economy-wide trend toward higher pay, and that trend isn’t going away anytime soon, experts say. The government’s employment… Continue reading Experts See Wages Rising Across the Economy
Recent Post
