Stocks struggled to find direction after this morning’s release of the June jobs report, which gave a mixed picture on the labor market. While jobs growth was the smallest since December 2020, steady wage growth and a historically low unemployment rate opens the door to another rate hike at the next Fed meeting. The… Continue reading Stock Market Today: Stocks Close Lower After June Jobs Report
Baby boomers own pretty much everything – but millennials could be about to catch up
Baby boomers own a massive $75 trillion in wealth spread out across stocks, homes, and businesses.But millennials are just starting to enter their prime earnings years and have one big advantage.Here’s the breakdown on the assets owned by each generation, and what’s in store for the future. Loading Something is loading. Thanks for signing up!… Continue reading Baby boomers own pretty much everything – but millennials could be about to catch up
Putin is cannibalizing Russia’s economy as war in Ukraine derails financial order, Yale researchers say
Putin has begun a “merciless cannibalization” of Russia’s economy, two Yale academics said. Researchers pointed to the chaos unfolding in Russia as Putin tries to cover the nation’s growing budget deficit. Russia’s show of economic strength is a “facade,” the researchers said. Loading Something is loading. Thanks for signing up! Access your favorite topics in… Continue reading Putin is cannibalizing Russia’s economy as war in Ukraine derails financial order, Yale researchers say
The 2023 stock rally is no longer about just AI and Big Tech
Big Tech stocks led US stock gains in the first half of 2023, fueled by an explosion of interest in AI. But the rally is now broadening out to other sectors – June was the best month this year for the S&P 500 index. A gauge of US stock-market breadth just hit the highest level… Continue reading The 2023 stock rally is no longer about just AI and Big Tech
Legendary investor Jeremy Grantham revealed how the AI craze has changed the odds of an epic market crash. Here are the 8 best quotes.
Jeremy Grantham warned last year a “superbubble” spanning multiple assets would crash spectacularly. The elite investor recently detailed how the AI craze has altered his dire forecast. Grantham said AI was unlikely to interfere with the bubble bursting, but could limit the fallout. Loading Something is loading. Thanks for signing up! Access your favorite topics… Continue reading Legendary investor Jeremy Grantham revealed how the AI craze has changed the odds of an epic market crash. Here are the 8 best quotes.
A short seller with an over 90% win ratio shares the 9 indicators that make for a ‘beautiful stock to short’
David Capablanca began shorting stocks in 2016 but didn’t become successful until 2020. Once a stock rallies, he looks for 9 data points that indicate it is about to plunge. He compares his process to a pilot’s flight checklist: if everything aligns, it’s a go. David Capablanca dreamed of becoming an architect and building structures… Continue reading A short seller with an over 90% win ratio shares the 9 indicators that make for a ‘beautiful stock to short’
NYC to Implement Surge Pricing Downtown During Peak Hours: Kiplinger Economic Forecasts
Road congestion is nothing new, but it is always frustrating. In looking for new ways to combat heavy traffic, some big cities are charging motorists more money for their time on the road. To help you understand what is going on and what we expect to happen in the future, our highly-experienced Kiplinger Letter team… Continue reading NYC to Implement Surge Pricing Downtown During Peak Hours: Kiplinger Economic Forecasts
Risk of Fall Government Shutdown: Kiplinger Economic Forecasts
As we look toward the fall, Americans should steel themselves for a congressional stalemate that could lead to a government shutdown. To help you understand what is going on and what we expect to happen in the future, our highly-experienced Kiplinger Letter team will keep you abreast of the latest developments and forecasts (Get a… Continue reading Risk of Fall Government Shutdown: Kiplinger Economic Forecasts
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