China ramped up its efforts to support the struggling yuan Friday. Its central bank slashed the amount of foreign currency financial institutions are required to hold. The renminbi has plummeted against the dollar this year, with China’s economy stagnating. Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized feed… Continue reading China tries again to support its battered economy, bringing in new measures to boost the yuan
Dollarization is the only way for Argentina to stop its ‘death spiral’, economist Steve Hanke says
Red-hot inflation and a plunging peso have fueled calls for Argentina to ditch its currency. Economist Steve Hanke reiterated his view that the country should adopt the dollar as the means of exchange. “DOLLARIZATION is the only way to stop Argentina’s death spiral,” he wrote in a post on X. Loading Something is loading. Thanks… Continue reading Dollarization is the only way for Argentina to stop its ‘death spiral’, economist Steve Hanke says
US stocks trade mixed to close out tough August as traders brace for jobs report
Jennifer Sor Getty Images / Drew Angerer US stocks traded mixed on Thursday and ended August in the red. The S&P 500 closed off the month 1% lower, while the Dow and Nasdaq shed 2%. Investors are eyeing the release of Friday’s job report, which will inform the Fed’s next policy move. Loading Something is… Continue reading US stocks trade mixed to close out tough August as traders brace for jobs report
US homeowners are sitting on $28.7 trillion of equity
A new report from LendingTree found that US homeowners have $28.7 trillion in total home equity. That’s more than $334,000 of equity per owner-occupied housing unit in the US. Huge home-price appreciation could help keep consumers afloat as savings dry up. Loading Something is loading. Thanks for signing up! Access your favorite topics in a… Continue reading US homeowners are sitting on $28.7 trillion of equity
How to get the biggest bang for your back-to-school buck
A short plan for how to get what the kids need is better than no plan Published Aug 31, 2023 • Last updated 16 hours ago • 4 minute read Back-to-school supplies in a store in Toronto. Photo by Cole Burston/The Canadian Press files One of the biggest annual expenses for parents is paying for what… Continue reading How to get the biggest bang for your back-to-school buck
When should I start CPP and what’s the best way to draw down my retirement investments?
Couple already in retirement seeks advice on a new strategy Published Aug 30, 2023 • Last updated 21 hours ago • 5 minute read It’s important for people about to retire to be clear about their expenses. Photo by Gigi Suhanic/National Post photo illustration By Mary Teresa Bitti One of the key challenges people face in… Continue reading When should I start CPP and what’s the best way to draw down my retirement investments?
Valuation Metrics That Will Make You a Better Investor
Enterprise value. Earnings before interest and taxes. Free cash flow. Weighted thingamajig foofaraw. Okay, we made up that last one. But there are scores of investing jargon and calculations — many with off-putting acronyms — that investors can use to shed light on a stock’s valuation and outlook. Most investors are familiar with a few… Continue reading Valuation Metrics That Will Make You a Better Investor
5 Monopoly Stocks At the Top of Their Game
Monopolies in the commonly accepted definition of the word are rare these days compared to their presence during the 19th and 20th centuries. First, industries are more complex. Second, the Federal Trade Commission (FTC), formed in 1914, has more teeth, though it has suffered some high-profile losses of late such as with the Microsoft (MSFT)/Activision… Continue reading 5 Monopoly Stocks At the Top of Their Game
Recent Post
