Even though oil prices have fallen back from their recent peaks, the world’s biggest consumers aren’t biting as much. Experts told Insider that Asian demand for crude appears to be waning in part because of inflation. COVID-19 lockdowns in China and cheap US crude have also steered Asia away from Middle Eastern oil. Loading Something… Continue reading Oil refiners in Asia’s economic powerhouses aren’t snapping up extra crude even with prices below $100 a barrel as inflation bites
Cities That Lost and Gained the Most People in the Pandemic
In the past two decades, there was no single year that comes close to showing the population declines that most cities experienced in 2020-21 during the covid pandemic. In the past two decades, there was no single year that comes close to showing the population declines that most cities experienced in 2020-21 during the covid… Continue reading Cities That Lost and Gained the Most People in the Pandemic
Markets are signaling an easing cycle has already started with the Fed now behind the curve on the inflation slowdown, says Leuthold’s Jim Paulsen
Investors should worry less about what the Fed will do because it’s now behind the curve on the inflation slowdown, said Jim Paulsen. Markets are signaling an easing cycle has already started, the Leuthold Group’s chief investment strategist told Bloomberg TV “I don’t really care what the Fed is going to do because the Fed… Continue reading Markets are signaling an easing cycle has already started with the Fed now behind the curve on the inflation slowdown, says Leuthold’s Jim Paulsen
The SEC has paid over $1 billion to whistleblowers since 2012. But a new study says the agency has outsourced the job to high-priced law firms that may discourage more tipsters from coming forward.
A recent study argues that the SEC’s whistleblower program is dominated by high-priced law firms. Those firms can take 30%-40% of the whistleblower’s bounty, lowering incentives for tipsters to come forward. Unrepresented tipsters also tend to get a smaller reward than those represented by a big firm. Loading Something is loading. The Securities and Exchange… Continue reading The SEC has paid over $1 billion to whistleblowers since 2012. But a new study says the agency has outsourced the job to high-priced law firms that may discourage more tipsters from coming forward.
July retail sales is the next big economic data point and a beat could calm recession fears but hurt stocks as the Fed pushes forward on its hawkish path
July retail sales are the next big macro data point for the stock market to watch. A retail sales beat could spur the Fed’s hawkishness, putting pressure on the recent rally in stocks. Retail heavyweights Target and Walmart are also due to release quarterly results this coming week. Loading Something is loading. US retail sales… Continue reading July retail sales is the next big economic data point and a beat could calm recession fears but hurt stocks as the Fed pushes forward on its hawkish path
A 23-year-old entrepreneur netted over $750,000 in 2021 by renting out properties he doesn’t own. Here’s how he got started.
Derek Cheung learned about rental arbitrage during an internship in 2019. He researched a list of available properties in Austin, Texas, then pitched his idea to landlords. Cheung used his profits and negotiated deals to grow his short-term-rental business. In February 2019, Derek Cheung took a big leap of faith into real estate when he… Continue reading A 23-year-old entrepreneur netted over $750,000 in 2021 by renting out properties he doesn’t own. Here’s how he got started.
Warren Buffett’s Berkshire Hathaway reveals how inflation, worker shortages, supply constraints, and flagging consumer demand are hitting American companies
Theron Mohamed Warren Buffett. Chip Somodevilla / Getty Berkshire Hathaway’s Q2 earnings provide valuable insights into the health of the US economy. Warren Buffett’s company faced inflation, worker shortages, supply woes, and patches of weak demand. Geico faced higher prices for used cars and auto parts, while McLane battled to find truck drivers. Loading Something… Continue reading Warren Buffett’s Berkshire Hathaway reveals how inflation, worker shortages, supply constraints, and flagging consumer demand are hitting American companies
More People Are Counting on This to be Able to Buy a Home
As home prices and interest rates rise, those hoping to buy are increasingly hoping something dramatic will happen. With home prices and mortgage rates soaring from last year, it’s no surprise that homes are becoming unaffordable for many prospective buyers. The median existing-home sales price hit $416,000 in June, jumping 13.4% from a year earlier,… Continue reading More People Are Counting on This to be Able to Buy a Home
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