(Bloomberg) — A “cathartic upchuck” in the stock market could send the S&P 500 down 10% in the first half of the year as the Federal Reserve tightens monetary policy and valuation multiples compress, according to Chris Harvey, the head of equity strategy at Wells Fargo & Co. Harvey joined Bloomberg’s “What Goes Up” podcast […]
Read MorePayPal (PYPL) is almost synonymous with online payments, but it is not alone in the growing digital money space. Nearly every consumer market is moving online. For example, consider how Amazon overtook Walmart as the world’s largest retailer. Consumers are turning to online payment systems in record numbers every year. The industry for online payment […]
Read MoreInflation data will be in focus this week, with investors set to receive the Bureau of Labor Statistics’ (BLS) latest Consumer Price Index (CPI) as the Federal Reserve’s next monetary policy moves remain in focus. Quarterly earnings season also ramps up as some of the big banks report results. Market participants are bracing for another […]
Read More(Bloomberg) — A valuation case that has fueled a near-tripling in the Nasdaq 100 Index is coming under increasing pressure, with surging interest rates threatening to dent equities’ there-is-no-alternative argument. While the stock-bond valuation picture still leans toward shares from a longer-term historical lens, it is currently being clouded by the biggest weekly run-up in […]
Read MoreUnlike the stock market where people understand and accept the risk that prices may fall from time to time—sometimes severely—many people who buy a house do not really think that the value of their home will ever decrease by all that much. Indeed, historically, the housing market has not been affected by price bubbles when […]
Read More(Bloomberg) — The Federal Reserve has managed to do something that’s rarely seen in the U.S. these days: Get members of the Democratic and Republican parties to agree. At this year’s annual meeting of the American Economic Association, prominent economists from both sides of the political spectrum argued that the Fed is behind the curve […]
Read MoreFrom turkeys to gasoline, clothes to dollar stores, nearly every avenue of human activity has been hit by the specter of inflation. Across the globe, rising inflation rates are disrupting purchasing plans and spending. In the face of this inflationary inferno, consumers and institutions holding devaluing fiat currency have sought out alternatives to hedge against. […]
Read MoreLast week, I returned from a two-week trip to Europe where I didn’t spend any money at all. Or at least not any cash. To be clear, I visited Finland, Sweden and Denmark without using any paper money (or coins). I never used any euros or krona or krone. And not only that, I never […]
Read MoreThis company engages in gathering, processing, storage, and transportation of natural gas in the United States. It operates through Natural Gas Gathering and Processing, Natural Gas Liquids, and Natural Gas Pipelines segments. OKE $62.4600 0.8100 % 1.3100 Oneok Inc Sector : Utilities Industry : Utility – Gas Distribution Signal Short Term Trend Long Term Trend […]
Read MoreWells Fargo & Company (WFC) Wells Fargo & Company (NYSE: WFC) is a leading financial services company that has approximately $1.9 trillion in assets and proudly serves one in three U.S. households and more than 10% of all middle market companies in the U.S. We provide a diversified set of banking, investment and mortgage products […]
Read MoreIf you ask most homeowners about their property taxes, they’ll likely tell you they pay too much. Property taxes are real estate taxes calculated by local governments and paid by homeowners. They are considered ad valorem, which means they are assessed according to the value of your property. Revenue generated from property taxes is generally […]
Read MorePayPal (PYPL) is looking into launching its own stablecoin as the company grows its crypto business, a company spokesman confirmed to CoinDesk on Friday. Sources told CoinDesk in September that PayPal subsidiary Curv was actively working on developing a stablecoin. “We are exploring a stablecoin; if and when we seek to move forward, we will […]
Read More9 ways Warren Buffett’s frugal habits can help you save money like a billionaire Warren Buffett might have billions of dollars to his name, but unlike other celebrities and financial gurus, he prefers to live life simply for the most part. The investing icon practices what he preaches when it comes to financial discipline, saving […]
Read MoreU.S. inflation probably hit the fastest in four decades, helping explain a shift in the Federal Reserve’s approach to monetary policy as well as more consumer anxiety about the economy. The widely followed consumer price index on Wednesday is forecast to rise 7.0% for the year through December and climb 0.4% from a month earlier. […]
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