Shares of credit card issuers like American Express and Capital One could provide upside despite recession concerns, BofA said. Credit losses should be mitigated in part by healthy balance sheets among consumers who saved money during COVID lockdowns. “We think that valuations on Card stocks already reflect a healthy dose of cyclical concerns in the… Continue reading Talk of recession is brewing and investors should look at stocks in this corner of the financials sector for upside in the event of a downturn, Bank of America says
‘Rich Dad Poor Dad’ author Robert Kiyosaki expects a brutal market crash, and advises buying silver, bitcoin, and even toilet paper. Here are 10 of his best tweets this year.
Robert Kiyosaki has warned a massive market crash, hyperinflation, and a depression may lie ahead. The “Rich Dad Poor Dad” author has advised buying gold, silver, bitcoin, and even toilet paper. Here are 10 of Kiyosaki’s best tweets so far this year. Loading Something is loading. Robert Kiyosaki has rung the alarm on multiple asset bubbles,… Continue reading ‘Rich Dad Poor Dad’ author Robert Kiyosaki expects a brutal market crash, and advises buying silver, bitcoin, and even toilet paper. Here are 10 of his best tweets this year.
The case for the US avoiding a recession is still alive and well
The May jobs report wasn’t too hot or too cold. It was just right for dispelling recession fears. The US added 390,000 jobs in May, reflecting the ongoing recovery at a slower rate. The report was “probably about the best” the Fed could hope for as it fights inflation, JPMorgan said. Loading Something is loading.… Continue reading The case for the US avoiding a recession is still alive and well
I became a first-time homeowner and landlord at age 29. These are the 3 most important lessons I’ve learned in the last 7 years of owning and managing a rental property.
Before becoming the real estate investing editor for Insider, I was a small-time landlord in Chicago. I purchased my two-unit building in September 2015 and have had several tenants since then. Anxiety is a normal part of being a young homeowner and landlord. However, confidence comes in time. Imagine owning a handful of rental properties,… Continue reading I became a first-time homeowner and landlord at age 29. These are the 3 most important lessons I’ve learned in the last 7 years of owning and managing a rental property.
A stock market indicator is now closer to a buy signal than sell for the first time since 2020
A Wall Street indicator is looking more bullish as investors search for signs that the current sell-off has nearly run its course. Bank of America’s Sell Side Indicator dipped to 55.0% in May from a downwardly revised 55.7% in April. That marks the fifth consecutive decline and puts the SSI closer to a buy signal… Continue reading A stock market indicator is now closer to a buy signal than sell for the first time since 2020
Gas prices are vulnerable to a disastrous spike this summer as a busy hurricane season could intensify a US energy crunch
The pandemic stifled global refining capacity and sent fuel stockpiles lower. A busy hurricane season in the US Gulf Coast could push fuel prices soaring even higher, analysts told Insider. Now, upwards of 90% of fuel-making refineries are being utilized, nearly the highest levels in five years. Loading Something is loading. Reduced fuel-making capacities around… Continue reading Gas prices are vulnerable to a disastrous spike this summer as a busy hurricane season could intensify a US energy crunch
Nasdaq drops more than 2% to lead US stocks lower as the major indexes return to weekly losses
US stocks dropped Friday following a stronger-than-expected jobs report. The Nasdaq lost more than 2% and the Dow Jones Industrial Average shed over 300 points. A top energy analyst said that Russia could lose its relevance in OPEC+ as sanctions continue to weigh on the warring nation. Loading Something is loading. US stocks skidded lower… Continue reading Nasdaq drops more than 2% to lead US stocks lower as the major indexes return to weekly losses
China’s yuan could strength against the dollar as the Fed struggles to balance growth and inflation, says top Beijing official
The yuan won’t face as much volatility and can strengthen against the dollar, a Chinese official said. China’s economy is gaining momentum, while US central bank policies could weaken the dollar. “Many market institutions believe it will become more difficult for the Fed to stabilize growth while controlling inflation.” Loading Something is loading. The deputy… Continue reading China’s yuan could strength against the dollar as the Fed struggles to balance growth and inflation, says top Beijing official
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