The “richcession” – a recession that disproportionately impacts the wealthy, isn’t in the cards. Experts say the richest are actually even richer and spending more than they were before the pandemic. You can thank rising stock prices and YOLO spending culture for the boom in luxury markets. Loading Something is loading. Thanks for signing up!… Continue reading The ‘richcession’ isn’t happening. The ultra-wealthy have never been richer and they’re still spending like crazy.
Russia’s bitcoin mining industry is booming through war and sanctions
Bitcoin mining machines are pouring into Russia amid its war in Ukraine, per CoinDesk. As the US market becomes saturated, mining-rig makers have expanded into Russia. According to the report, more mining machines are heading to Russia than anywhere else in the world. Loading Something is loading. Thanks for signing up! Access your favorite topics… Continue reading Russia’s bitcoin mining industry is booming through war and sanctions
The Dow’s latest winning streak is bad news for stocks – and a recession might be underway, top economist David Rosenberg says
The Dow’s recent winning streak is a worrying sign, David Rosenberg says. The index was up 28% at this point in 1987, but virtually erased its gains by the year’s end. Rosenberg says a recession may be underway, and plunging inflation can be bad news for stocks. Loading Something is loading. Thanks for signing up!… Continue reading The Dow’s latest winning streak is bad news for stocks – and a recession might be underway, top economist David Rosenberg says
Ongoing strikes could kill Hollywood’s momentum after the ‘Barbenheimer’ bump, but 4 industry insiders and analysts are still optimistic about the future of these 5 entertainment companies
Audiences flocked to movie theaters to see the buzzworthy Barbie and Oppenheimer. But the box office’s momentum is in jeopardy as both writers and actors guilds strike. Here’s which entertainment companies will outperform, according to analysts and industry insiders. The box office is back thanks to a historic weekend from a pair of mid-summer blockbusters,… Continue reading Ongoing strikes could kill Hollywood’s momentum after the ‘Barbenheimer’ bump, but 4 industry insiders and analysts are still optimistic about the future of these 5 entertainment companies
Dow and S&P 500 finish 3rd straight winning week as more data shows inflation is cooling
Jennifer Sor Brendan McDermid/Reuters Stocks rose on Friday as investors cheered good news from the Fed’s preferred inflation gauge. The PCE price index rose 0.2% last month, in line with economists’ expectations. For the week, the Dow Jones Industrial Average added 0.6%, the S&P 500 gained 1%, and the Nasdaq rose 2%. Loading Something is… Continue reading Dow and S&P 500 finish 3rd straight winning week as more data shows inflation is cooling
The market for a particular vintage Barbie doll went haywire after Michael Cera’s cameo in the ‘Barbie’ movie
Auction prices for Mattel’s discontinued Allan doll spiked after the release of the new “Barbie” movie. Michael Cera plays the role of Allan in the new box-office hit, which raked in $155 million its opening weekend. The film is expected to pull in $400 million-$425 million domestically by the time it exits theaters. Loading Something… Continue reading The market for a particular vintage Barbie doll went haywire after Michael Cera’s cameo in the ‘Barbie’ movie
Gas prices in the US just spiked to their highest mark since November
US gas prices hit an eight-month high on Friday. Average retail gasoline spiked 12 cents in three days, hitting $3.732 per gallon. An outage at a key Gulf Coast refinery is threatening already-low supply. Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized feed while you’re on the go.… Continue reading Gas prices in the US just spiked to their highest mark since November
Billionaire Mark Mobius says he’s so bullish on emerging markets that all his money is outside the US
Billionaire investor Mark Mobius confirmed all of his money is outside the US. That’s because he’s so bullish on emerging markets, he told CNBC. Mobius said he is focusing his investments on Taiwan, South Korea, and India. Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized feed while you’re… Continue reading Billionaire Mark Mobius says he’s so bullish on emerging markets that all his money is outside the US
Recent Post
