Wharton professor Jeremy Siegel says the housing market is distorting high inflation readings, and expects home prices to fall up to 15%

Jeremy Siegel believes lagging housing market data is distorting the true rate of inflation.Siegel said if September’s CPI report used more current housing data, inflation would have dropped.”Housing prices by every indicator are going down, not up,” Siegel told CNBC on Thursday. Loading Something is loading. Thanks for signing up! Access your favorite topics in… Continue reading Wharton professor Jeremy Siegel says the housing market is distorting high inflation readings, and expects home prices to fall up to 15%

Stocks are finally oversold for the first time since 2016, but that doesn’t mean you should buy the dip just yet, says a Wall Street CIO

By one measure, the S&P 500 has dropped into oversold territory for the first time in six years. But investors should be cautious about viewing current levels as an entry point, according to The Leuthold Group. “Not all buy signals from VLT are slam dunks,” said Leuthold CIO Doug Ramsey.  Loading Something is loading. Thanks… Continue reading Stocks are finally oversold for the first time since 2016, but that doesn’t mean you should buy the dip just yet, says a Wall Street CIO

BMO: These 42 dividend stocks will provide strong income growth as inflation continues to run hotter than expected

Premium Investors can target stocks with strong dividends to ride out high market volatility. Alistair Berg/Getty Images This story is available exclusively to Insider subscribers. Become an Insider and start reading now. Higher-than-expected inflation has caused many Wall Street strategists to recalculate. Brian Belski, the top strategist at BMO Capital Markets, just cut his S&P… Continue reading BMO: These 42 dividend stocks will provide strong income growth as inflation continues to run hotter than expected

Bill Ackman touted a $2.7 billion profit from hedging rate hikes, explained his costly Netflix exit, and said interest rates could peak below 5%. Here are his 8 best quotes from a recent interview.

Bill Ackman’s Pershing Square has made about $2.7 billion hedging interest-rate hikes. Ackman explained his Netflix exit, and suggested US inflation has peaked and rates won’t exceed 5%. The billionaire investor cheered the bargains on offer following this year’s market downturn. Loading Something is loading. Thanks for signing up! Access your favorite topics in a… Continue reading Bill Ackman touted a $2.7 billion profit from hedging rate hikes, explained his costly Netflix exit, and said interest rates could peak below 5%. Here are his 8 best quotes from a recent interview.

The White House is taking a tough stance against global rivals ahead of midterm elections. Here’s how that’s impacting US gas prices and the broader commodity market.

The Democrats are trying to prove their markets and economy track record ahead of upcoming midterm elections. The White House has emphasized declining gas prices and its tough stance on China. Joe Biden is also weighing up banning Russian metal imports as the war in Ukraine drags on. Loading Something is loading. Thanks for signing… Continue reading The White House is taking a tough stance against global rivals ahead of midterm elections. Here’s how that’s impacting US gas prices and the broader commodity market.

FP Answers: Is our conservative investment plan really the right one for us?

Knowing your lifestyle wants will lead to appropriate asset allocation decisions, experts say Experts say you should start with lifestyle planning first, followed by financial planning and then investments. Photo by Getty Images/iStockphoto files By Julie Cazzin with Allan Norman Advertisement 2 This advertisement has not loaded yet, but your article continues below. Q: I’m… Continue reading FP Answers: Is our conservative investment plan really the right one for us?

CRA can deny business expenses even after the normal assessment period

Jamie Golombek: The CRA can deny expenses if taxpayer doesn’t appear to be running a business with a view to profit If business expenses aren’t reasonable, the Canada Revenue Agency can deny them. Photo by Getty Images/iStockphoto Business owners can generally deduct a variety of business expenses when calculating their net income for tax purposes.… Continue reading CRA can deny business expenses even after the normal assessment period

World set for first ‘significant destruction’ of wealth since 2008 financial crisis, says Allianz

In real terms, households could lose a tenth of their wealth Publishing date: Oct 12, 2022  •  2 days ago  •  2 minute read  •  54 Comments In real terms, households could lose a tenth of their wealth this year, according to Allianz’s 2022 global wealth report. Photo by Getty Images Global financial assets are set… Continue reading World set for first ‘significant destruction’ of wealth since 2008 financial crisis, says Allianz