Series I bonds and EE bonds are popular U.S. savings bonds that offer a safe way to save. Choosing between the two can be difficult. The best place to start is to gain an understanding of the terms of each bond and then compare the benefits and drawbacks of each. Both bonds are solid investments… Continue reading I Bonds vs EE Bonds
Stock Market Today: Stocks Rise as Treasury Yields Retreat
It was a slow start for stocks Thursday as the possibility of a government shutdown kept investors on tenterhooks. However, the main benchmarks turned higher mid-morning as Treasury yields eased, and continued climbing into the close. While concern that the U.S. government is on the brink of a shutdown initially pressured investor sentiment Thursday,… Continue reading Stock Market Today: Stocks Rise as Treasury Yields Retreat
Authorities are investigating LVMH billionaire Bernard Arnault in potential money laundering probe
French authorities are looking into billionaire Bernard Arnault’s dealings with a Russian businessman. Nikolai Sarkisov bought properties in 2018 through intermediary companies, but the buyer was Arnault, reports said. Officials alleged that Arnault paid Sarkisov about €20 million to own the assets. Loading Something is loading. Thanks for signing up! Access your favorite topics in… Continue reading Authorities are investigating LVMH billionaire Bernard Arnault in potential money laundering probe
Russia and Saudi Arabia have likely made close to $3 billion this quarter as OPEC+ production cuts push oil toward $100 a barrel
Russia and Saudi Arabia have made billions in additional oil revenue after their production cuts lifted prices. Russia likely generated an additional $2.8 billion over the past quarter, according to Energy Aspects data. Meanwhile, Saudi Arabia has likely pulled in about $2.6 billion in extra revenue. Loading Something is loading. Thanks for signing up! Access… Continue reading Russia and Saudi Arabia have likely made close to $3 billion this quarter as OPEC+ production cuts push oil toward $100 a barrel
Hedge fund giant Third Point reportedly facing big investor outflows in 2023 amid slumping returns
Dan Loeb’s Third Point is dealing with big investor outflows in 2023, the Wall Street Journal reported. Investors have pulled funds after Loeb missed out on the huge tech rally earlier this year. The WSJ report said Loeb is now betting on an eventual credit crunch amid rising interest rates. Loading Something is loading. Thanks… Continue reading Hedge fund giant Third Point reportedly facing big investor outflows in 2023 amid slumping returns
A government shutdown would impact 1,300 home sales each day as insurance program expires
The National Association of Home Builders sounded the alarm on the risks of a government shutdown. If the National Flood Insurance Program isn’t renewed, 1,300 home sales will be affected daily. The NAHB also warned on a shutdown’s impact on home values and consumer confidence. Loading Something is loading. Thanks for signing up! Access your… Continue reading A government shutdown would impact 1,300 home sales each day as insurance program expires
US stocks jump as investors cheer better-than-expected inflation data
Jennifer Sor Getty Images / Mario Tama US stocks jumped Friday as investors took in better-than-expected inflation. Core PCE, the Fed’s preferred inflation measure, rose 0.1% in August, below estimates of 0.2%. Eurozone prices growth also slowed, with European inflation rising at its slowest pace in two years. Loading Something is loading. Thanks for signing… Continue reading US stocks jump as investors cheer better-than-expected inflation data
Stock Market Today: Stocks Waver as Government Shutdown Looms
Stocks rebounded to close mixed Tuesday but not before market participants spent the majority of the session continuing to fret about higher for longer interest rates, rising bond yields, a spike in prices for crude oil and the reality that the federal government is hurtling toward its first shutdown since 2019. A stronger-than-expected reading on… Continue reading Stock Market Today: Stocks Waver as Government Shutdown Looms
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