investing The tried-and-true investing and saving rules of thumb retirees depend on may no longer be as reliable as they hoped. Don’t let dated “rules” steer your retirement wrong.Wouldn’t it be great if following just a few “one-size-fits-all” financial formulas really could make planning a successful retirement less problematic? Unfortunately, there’s no such thing. Oh,… Continue reading 3 Dated Rules of Thumb Retirees Should Think Twice About | Kiplinger
The Good News about Recessions for Investors | Kiplinger
investing Yes, an official recession is possible, but based on previous recessions, there could be reasons for investors to smile. With that in mind, here are three ways to position your portfolio now – and one major mistake not to make.Are we going into a recession? This question has been in the news and on… Continue reading The Good News about Recessions for Investors | Kiplinger
Meme stocks sank Melvin Capital. Now it’s reportedly being investigated by the SEC over its risk management practices.
The SEC has obtained information from Melvin Capital regarding its communication with investors, the Wall Street Journal reported. The regulator has also contacted investors about what Melvin’s founder and other top executives said during last year’s meme-stock rally. The investigation is in early stages, per the report, and may not lead to any formal claims… Continue reading Meme stocks sank Melvin Capital. Now it’s reportedly being investigated by the SEC over its risk management practices.
BlackRock says it will offer clients spot bitcoin exposure a week after partnering with Coinbase for institutional trading push
BlackRock said Thursday it’s launching a private trust to provide spot bitcoin exposure to its US institutional clients. The move comes after BlackRock teamed up with crypto trading platform Coinbase. Bitcoin on Thursday moved higher to trade above $24,000. Loading Something is loading. BlackRock is extending its reach into the crypto world by launching a… Continue reading BlackRock says it will offer clients spot bitcoin exposure a week after partnering with Coinbase for institutional trading push
Russia now controls at least $12.4 trillion worth of Ukraine’s energy, metal and mineral deposits, report says
Brian Evans Ukrainian President Volodymyr Zelenskyy. Ukrainian Presidential Press Office via Associated Press Russia now controls $12.4 trillion worth of Ukraine’s key natural resources, according to an analysis for The Washington Post by SecDev. If the Kremlin succeeds in annexing Ukrainian land seized during Russia’s invasion, Kyiv would permanently lose almost two-thirds of its deposits.… Continue reading Russia now controls at least $12.4 trillion worth of Ukraine’s energy, metal and mineral deposits, report says
The market rally on the back of July’s CPI reading may be ‘too euphoric’ and investors should still be wary of rising inflation, says DataTrek
Investors should be wary of diving back into what could still be a bear market, as not everything on the inflation front looks rosy, DataTrek said. While consumer prices overall cooled, food inflation hit another high of 10.9% in July. “We remain positive on US stocks, but worry that markets are ahead of themselves here,”… Continue reading The market rally on the back of July’s CPI reading may be ‘too euphoric’ and investors should still be wary of rising inflation, says DataTrek
An unknown Chinese merchant spends $376 million on 13 cargo ships for risky Russian oil transfers on the high seas, report says
An anonymous Chinese firm has spent $376 million on 13 tankers to execute ship-to-ship transfers of Russian crude in the mid-Atlantic. All 13 ships are linked to the same office building in Dalian, China, according to maritime intelligence site Lloyd’s List. The fleet represents the core of a new, high-risk transshipment hub for Russian crude… Continue reading An unknown Chinese merchant spends $376 million on 13 cargo ships for risky Russian oil transfers on the high seas, report says
For Back-to-School Purchases, Inflation Prompts Creativity
Inflation tamped down a bit in July, clocking in at an 8.5% rate, according to the U.S. consumer price index. That’s down from 9.1% in June, due primarily to declining U.S. energy prices. While the latest CPI is mildly encouraging, the nation’s back-to-school shoppers aren’t exactly doing cartwheels over the latest news. Consider a brand-new… Continue reading For Back-to-School Purchases, Inflation Prompts Creativity
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