Americans and their global counterparts are getting ready to enjoy a more open world in 2022 – good news for travel stocks. According to the Centers for Disease Control and Prevention, the seven-day average of COVID-19 cases in the U.S. is at its lowest level since last summer. “After more than a year of waiting,… Continue reading 7 Travel Stocks to Buy as COVID Cases Retreat | Kiplinger
Lumber prices are flirting with a crucial level as mortgage rates jump above 5% for first time in years
Lumber futures are coming under pressure as the housing market gets more restrictive for new buyers.Lumber prices remain subdued below critical support at $1,000 per thousand board feet.Mortgage rates surged above the 5% level on Tuesday for the first time in years. Loading Something is loading. Lumber futures are struggling to reclaim a crucial support… Continue reading Lumber prices are flirting with a crucial level as mortgage rates jump above 5% for first time in years
Nasdaq plunges more than 2% to lead US stock sell-off as Fed official signals more aggressive tightening
US stocks dropped Tuesday, led by the Nasdaq’s 2.3% plunge, on hawkish comments from a top Fed official. Fed Governor Lael Brainard said the central bank could start shrinking its balance sheet at “a rapid pace” as soon as May. The 10-year yield shot up 14 basis points to more than 2.55%, hitting the highest… Continue reading Nasdaq plunges more than 2% to lead US stock sell-off as Fed official signals more aggressive tightening
Germany seizes $25 million in bitcoin as it shuts down a Russian-language darknet marketplace for illegal drugs
German authorities said Tuesday they seized $25 million worth of bitcoins while shutting down a darknet marketplace. The authorities confiscated 543 bitcoins worth in closing down the Hydra Market drug marketplace. Hydra Market had at least $1.32 billion in sales turnover in 2020 alone. Loading Something is loading. German law enforcement authorities said Wednesday they’ve… Continue reading Germany seizes $25 million in bitcoin as it shuts down a Russian-language darknet marketplace for illegal drugs
Russia default risk over the next 5 years soars to nearly 90% after US blocks bond payment
Russia’s five-year default risk soared to 87.7% on Tuesday, according to ICE Data Services. That’s up from 77.7% on Monday and 24.1% on February 24 when Russia launched its war on Ukraine. The US Treasury said Tuesday Russia will no longer be able to make sovereign bond payments using accounts at American banks. Loading Something… Continue reading Russia default risk over the next 5 years soars to nearly 90% after US blocks bond payment
Treasury Secretary Janet Yellen will deliver her first speech on crypto and call for a ‘comprehensive policy framework’
Treasury Secretary Janet Yellen is set to give her first-ever speech on cryptocurrency policy and regulation. The Thursday 10:30 a.m. ET speech will outline possible steps the Treasury could take to investigate the use and technology of digital assets. Last month, President Joe Biden signed an executive order that directs federal agencies to study the… Continue reading Treasury Secretary Janet Yellen will deliver her first speech on crypto and call for a ‘comprehensive policy framework’
Day Trading Taxes: What New Investors Should Consider
Many new investors view day trading as an efficient way to earn funds quickly. The idea behind the concept is to make trades over short periods to take advantage of short-term price changes while profiting at the same time. TurboTax Premier makes it easy and fast to import, upload, and accurately report your investments, effortlessly.… Continue reading Day Trading Taxes: What New Investors Should Consider
Standard Deduction vs. Itemized Deductions: Which Is Better?
Nearly 90% of taxpayers claim the standard deduction vs. itemized deductions. As you prepare to file your next tax return, should you do the same? Our TurboTax Live experts look out for you. Expert help your way: get help as you go, or hand your taxes off. You can talk live to tax experts online… Continue reading Standard Deduction vs. Itemized Deductions: Which Is Better?
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