US egg prices have plunged 32% from their January peak, suggesting the Fed is winning its inflation battle. The average cost of a dozen eggs is $3.27, down from $4.82 at the start of 2023. “These retail price declines should continue with wholesale egg prices crashing, now down over 80% from their January high,” Charlie… Continue reading Crashing egg prices signal the Fed is winning its war against inflation
Charlie Munger pockets $70,000 a year from a $1,000 investment he made in 1962 – and has likely raked in over $1 million in total
Charlie Munger receives $70,000 a year from a $1,000 purchase he made over 60 years ago. Warren Buffett’s right-hand man has likely made over $1 million from oil royalties bought in 1962. Buffett’s father also bought oil royalties, and the investor’s sister still receives monthly checks. Loading Something is loading. Thanks for signing up! Access… Continue reading Charlie Munger pockets $70,000 a year from a $1,000 investment he made in 1962 – and has likely raked in over $1 million in total
Nobel economist Paul Krugman says hopes for a soft landing of the US economy are ‘still very much alive’
Nobel economist Paul Krugman said hopes for a soft landing of the economy are ‘still very much alive.’ Krugman was responding to the latest US jobs report and unemployment rate. Recent labor-market cooling without a rise in unemployment is good news for the US economy, he said on Twitter. Loading Something is loading. Thanks for… Continue reading Nobel economist Paul Krugman says hopes for a soft landing of the US economy are ‘still very much alive’
Bitcoin’s biggest rally since 2021 is fizzling out
Bitcoin has slumped nearly 10% over the past month after starting 2023 on a tear. The token is trailing gold and lagging stocks and bonds over that period. Ether, solana, and dogecoin have all also posted losses over the past month. Loading Something is loading. Thanks for signing up! Access your favorite topics in a… Continue reading Bitcoin’s biggest rally since 2021 is fizzling out
FAANG stocks could soar 50% this year thanks to long-term demand for tech goods and no new competition, Fundstrat’s Tom Lee says
FAANG stocks have room to advance further, likely rising as much as 50% this year, according to Fundstrat’s Tom Lee. “You can’t really say that you’re going to have diminished demand for these products,” he told CNBC. Big Tech stocks such as Meta and Alphabet have enjoyed a scorching rally in 2023 following last year’s… Continue reading FAANG stocks could soar 50% this year thanks to long-term demand for tech goods and no new competition, Fundstrat’s Tom Lee says
The King’s Coronation Led to a Wave of Royal Memorabilia – But Is It a Good Investment?
There are always incredible trinkets associated with a special event, and King Charles III’s coronation in the United Kingdom on May 6 was no exception. To honor the man ascending to the throne, all kinds of memorabilia has been made (opens in new tab), including beautiful ceramics, special coins, and even caped teddy bears. It’s… Continue reading The King’s Coronation Led to a Wave of Royal Memorabilia – But Is It a Good Investment?
Stock Market Today: Stocks Churn Ahead of April CPI Report
It was a relatively quiet session for the stock market Tuesday, with investors hesitant to make any big bets ahead of tomorrow’s inflation data. But while price action in the major benchmarks was muted, several individual stocks made significant moves – including two electric vehicle (EV) stocks that sold off sharply after earnings. The… Continue reading Stock Market Today: Stocks Churn Ahead of April CPI Report
Debt Ceiling Will Be Averted but It Won’t Be Easy: Kiplinger Economic Forecasts
The debt ceiling is a limit on the amount of debt Treasury can incur and influences how much money the government can borrow. The debt ceiling is one of the hottest topics of the year, so to keep you in the loop on what is going on, our highly experienced Kiplinger Letter team will update… Continue reading Debt Ceiling Will Be Averted but It Won’t Be Easy: Kiplinger Economic Forecasts
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