China plays a big part in global trade, and as the country’s economy slows, the effects are felt worldwide. 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 free issue… Continue reading China’s Economy Slows, Shows No Clear Signs of Improvement: Kiplinger Economic Forecasts
Stock Market Today: Stocks Slide on Shockingly Strong Jobs Data
Surprisingly strong jobs data sent a shockwave through the equities market Thursday, with stocks tumbling across the board. Still, the major indexes managed to finish off their session lows thanks to one sliver of hope in the labor market. Ahead of the opening bell, data from ADP showed the U.S. added 497,000 private-sector jobs… Continue reading Stock Market Today: Stocks Slide on Shockingly Strong Jobs Data
A monster rally in just 3 stocks has caused short sellers to lose $30 billion so far this year
The strong rally in stocks this year has sparked big losses for short sellers, according to S3 Partners.The research firm said short selling has been on the rise amid the rally as hedge funds increase their leverage.These are the three stocks that sparked $30 billion in losses for short sellers, according to S3. Loading Something… Continue reading A monster rally in just 3 stocks has caused short sellers to lose $30 billion so far this year
Rivian extends 2-day gain to 19% as Wedbush says the company’s turnaround in EV production is taking hold
Rivian stock extended its two-day gain to 19% on Friday after Wedbush increased its price target.Wedbush said Rivian is seeing a turnaround in its EV production and should reach its 50,000 delivery target this year.Wedbush expects the company to trade to $30 a share, which represents potential upside of 25%. Loading Something is loading. Thanks… Continue reading Rivian extends 2-day gain to 19% as Wedbush says the company’s turnaround in EV production is taking hold
Threads is the talk of the town as Zuck takes on Musk – but 2 things need to happen for Meta stock to see a boost
Meta launched Threads on Wednesday, drawing 30 million users in hours. The Twitter rival could give Meta stock a boost depending on how the user base grows and how advertisers respond. If Threads can draw advertisers, Meta investors would have reason to cheer. Loading Something is loading. Thanks for signing up! Access your favorite topics… Continue reading Threads is the talk of the town as Zuck takes on Musk – but 2 things need to happen for Meta stock to see a boost
There are 3 things that are about to go wrong for markets and the economy
Three things are about to go awry for markets and the economy, Bank of America said. The bank’s economists pointed to a credit crunch and other looming headwinds. The US economy is set to tip into a mild recession by the first half of 2024, BofA said. Loading Something is loading. Thanks for signing up!… Continue reading There are 3 things that are about to go wrong for markets and the economy
SVB, BBBY, Lordstown lead list of US bankruptcies as companies fold up at the fastest pace since 2010
First-half US corporate bankruptcies surged to the highest level since 2010, data from S&P Global Market Intelligence shows. Almost 3,000 firms folded up in the last six months, a 68% jump from a year earlier, according to Epiq Bankruptcy. American businesses have come under increased stress after the Federal Reserve raised interest rates aggressively. Loading… Continue reading SVB, BBBY, Lordstown lead list of US bankruptcies as companies fold up at the fastest pace since 2010
Simple tax reforms for retirees that the government could consider
Plenty of ideas on how to encourage and prolong Canadians’ retirement savings Published Jul 06, 2023 • 5 minute read A RRIF is the most common successor of a registered retirement savings plan (RRSP), the other being the purchase of a registered annuity. Photo by Getty Images Canada’s population continues to age, and the number… Continue reading Simple tax reforms for retirees that the government could consider
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