ESG Is sustainable investing helping investors avoid ESG risk, or is it designed to advance a “woke” agenda?Divesting from ESGOver the past two decades, the financial community has largely come to accept that environmental, social and governance (ESG) factors may influence a company’s profitability and stock performance. In the past year, however, some governors have… Continue reading The ESG Investing Backlash | Kiplinger
Europe is loading up on Russian oil 3 months before an import ban is set to kick in amid EU’s energy crisis
Seaborne Russian crude shipments rose to 3.32 million barrels a day in the week ending September 2, per Bloomberg. In particular, seaborne Russian crude shipments to Northern Europe jumped 20% on-week. The increase comes as the EU plans to ban most Russian crude-oil imports from Dec. 5. Loading Something is loading. The European Union is… Continue reading Europe is loading up on Russian oil 3 months before an import ban is set to kick in amid EU’s energy crisis
US stocks finish lower as strong services report backs Fed’s view to keep pushing interest rates higher
US stocks fell Tuesday, turning lower in the post-Labor Day session. Stocks gave up earlier gains after a stronger-than-expected ISM services report. That bolstered views that the Fed sees the economy as strong enough to take on more rate hikes. Loading Something is loading. US stocks closed with a loss Tuesday as investors saw a… Continue reading US stocks finish lower as strong services report backs Fed’s view to keep pushing interest rates higher
Bill Ackman says his firm is holding onto its stock picks as it anticipates Fed rate hikes cutting inflation to more than half current levels
Pershing Square founder Bill Ackman said he sees inflation being halved a year from now in response to the Federal Reserve’s interest rate hikes. “Our biggest fear was inflation,” the hedge fund boss said in supporting the Fed raising rates quickly and soon. He expects the Fed to keep rates at around the 4% range… Continue reading Bill Ackman says his firm is holding onto its stock picks as it anticipates Fed rate hikes cutting inflation to more than half current levels
Why the Fed won’t be able to avoid a recession or bring inflation down to its 2% target, according to BlackRock
The Fed may not be able to avoid a recession – and may not be able to bring inflation down to its 2% target either, according to BlackRock. “The Fed will be surprised by the growth damage caused by its tightening,” analysts said in a note on Tuesday. The bank’s analysts think a recession could… Continue reading Why the Fed won’t be able to avoid a recession or bring inflation down to its 2% target, according to BlackRock
China’s top energy firms are sending natural gas to European nations struggling with Russia’s supply cuts
Traders told Bloomberg that Chinese energy groups are sending liquefied natural gas to European nations. Major firms including Sinopec have send natural gas shipments to Europe throughout the year, per the report. China, the world’s biggest buyer of the key fuel, has seen demand slump amid strict COVID-19 policies in 2022. Loading Something is loading.… Continue reading China’s top energy firms are sending natural gas to European nations struggling with Russia’s supply cuts
You Bought a Car. Here’s How to Quickly Pay Down Your Auto Loan.
Amid talk of a recession and record-high inflation, you’d think Americans would keep a close eye on auto-loan spending. And you’d be wrong. New data from LendingTree shows the average U.S. monthly auto-loan payment stands at $644, up 11.8% from a year earlier. Worse, loan payments for used-cars and lease arrangements are rising faster than regular auto… Continue reading You Bought a Car. Here’s How to Quickly Pay Down Your Auto Loan.
Tax Moves for Those Joining the Retirement Tsunami
Americans retired at a rapid pace this year, turning 2022 into a retirement tsunami. There have been a string of reasons for it from the baby boom generation reaching retirement age to the ongoing coronavirus pandemic. For retirees, there are a number of tax strategies that can reduce your tax burden. In the video above,… Continue reading Tax Moves for Those Joining the Retirement Tsunami
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