On an autumn Tuesday evening in the nation’s capital, history was made. By a narrow vote of 216-210, members of the U.S. House of Representatives approved a motion to remove Rep. Kevin McCarthy as the speaker of the House. Never before has the U.S. House of Representatives removed an active speaker and the consequences of… Continue reading Will Cannabis Be Impacted By Kevin McCarthy’s Ouster?: This Week in Cannabis Investing
One Way to Stay Ahead of Inflation: Qualified Opportunity Funds
2020 won’t be remembered fondly by many people, for obvious reasons. The onset of the COVID pandemic was devastating to the economy, necessitating a reversal of monetary policy. The Fed slashed interest rates to zero, as it had a dozen years earlier in response to the collapse of the housing market and the Great Recession… Continue reading One Way to Stay Ahead of Inflation: Qualified Opportunity Funds
Stock Market Today: Stocks Chop Ahead of September Jobs Report
Retreating Treasury yields couldn’t boost the stock market Thursday, though a late-afternoon burst of buying power brought all three main indexes off their session lows. Anxiety is running high ahead of tomorrow morning’s release of the September jobs report – the last major update on the labor market ahead of the next Fed meeting –… Continue reading Stock Market Today: Stocks Chop Ahead of September Jobs Report
Food retailers and producers are getting slammed as GLP-1 drugs like Ozempic raise growing alarms about demand
The rise of GLP-1 drugs is driving consumer staples stocks lower as patients eat less food.Shares of PepsiCo, Coca-Cola, Walmart, and Costco have been slammed on the prospect of less food demand.The CEO of Walmart’s US division said they are already seeing patients using GLP-1 drugs buy less food at the retailer. Loading Something is… Continue reading Food retailers and producers are getting slammed as GLP-1 drugs like Ozempic raise growing alarms about demand
Stocks have more room to fall as a recession, credit event lay ahead before the Fed eases policy, Bank of America warns
Stocks have further downside potential, Bank of America strategists said. That’s because a recession and credit event could be in store before the Fed eases monetary policy. Bond yields are soaring as markets adjust to the outlook of higher-for-longer interest rates. Loading Something is loading. Thanks for signing up! Access your favorite topics in a… Continue reading Stocks have more room to fall as a recession, credit event lay ahead before the Fed eases policy, Bank of America warns
Is China really dumping Treasury bonds and sending yields higher? A former US official explains the mystery
China is not actually dumping its stockpile of US bonds, former Treasury official Brad Setser wrote. A large part of China’s holdings are not accounted for in official US data, he said. While it has sold some Treasurys, Beijing has also bought up US debt in the form of agency bonds. Loading Something is loading.… Continue reading Is China really dumping Treasury bonds and sending yields higher? A former US official explains the mystery
The economy just won’t slow down, and it’s the worst possible outcome for markets right now
The US economy is running hot and markets are in a panic about it. The September jobs report blew past economists’ expectations, with 336,000 jobs added last month. Stocks slumped and bond yields surged as investors brace for higher for longer interest rates. Loading Something is loading. Thanks for signing up! Access your favorite topics… Continue reading The economy just won’t slow down, and it’s the worst possible outcome for markets right now
The NFT market may be nearly worthless – but Starbucks is hoping there’s appetite for digital pumpkin spice lattes
Starbucks is selling pumpkin spice latte NFTs to commemorate the 20th anniversary of the seasonal beverage. The $20 digital stamps came out on Thursday via Starbucks Odyssey, the company’s Web3 platform. A analysis emerged in September that showed 95% of the NFT market may now be worthless. Loading Something is loading. Thanks for signing up!… Continue reading The NFT market may be nearly worthless – but Starbucks is hoping there’s appetite for digital pumpkin spice lattes
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