More chaos may be coming for Florida’s homeowners insurance market with the news that 17 insurance companies in the state may be facing possible downgrades.
Retirees and those seeking secure income got two items of very good news this week, though you may only have heard about one. July’s inflation came in below fears (although a debate now rages on what the “real” inflation rate is—more on that below). Meanwhile, your ability to earn a guaranteed rate of return on risk-free investments, regardless of what happens to inflation, actually went up.
The ‘writing is on the wall’ for ‘Chimerica’ on U.S. stock exchanges as $318 billion of Chinese equity flees Wall Street
On Friday, five of China's biggest state firms announced their exit from Wall Street. More delistings could be on the way as Washington and Beijing remained embroiled in a dispute over audit rules for U.S.-listed Chinese companies.
- Miami Herald
Florida’s crumbling homeowners insurance market is exposing one of the state’s long-running flaws: its reliance on a single company to certify the majority of the state’s insurers.
- Business Insider
'Big Short' investor Michael Burry issues a grim warning about runaway consumer debt - and says the stock-market rally won't last
Americans are racking up credit-card debt and tapping their savings in response to inflation, paving the way for economic disaster, Burry said.
- Motley Fool
Many semiconductor stocks slumped this year as investors fretted over concerns about slowing sales of PCs and smartphones, the potential overproduction of chips in response to the global chip shortage, and more conservative enterprise spending in a tougher macro environment. As a result, the Philadelphia Semiconductor Sector index has declined about 24% this year as the S&P 500 retreated just 12%.
- Motley Fool
These innovative growth stocks are ripe for the picking following a 34% peak plunge in the Nasdaq Composite.
Inflation has been making headlines all year, and rightly so; it’s at 40-year high levels, driven by sharp increases in the prices of gasoline and diesel fuels. But oil and its various refined products have come down in recent weeks, and so – the July inflation numbers weren’t as bad as had been feared. The overall year-over-year price increase for the month came to 8.5%, still awful, but less than the 8.7% economists had been predicting. Markets these days are rallying in response. Whether this
Inflation is still near multi-decade highs. Mr. Wonderful is using these stocks to fight back.
- Simply Wall St.
What trends should we look for it we want to identify stocks that can multiply in value over the long term? Typically...
- Chicago Tribune
Startup electric truck manufacturer Rivian continues to see robust demand for its inaugural products, with nearly 200,000 orders in hand, and a long way to go to fill them. Rivian announced during a second quarter earnings call Thursday it had more than 98,000 orders for its R1T pickup and R1S SUV as of June 30. Amazon, an early investor in Rivian, has ordered 100,000 commercial electric ...
‘It’s going to be government money’: Jim Rogers just issued a serious warning to crypto investors — here are the 2 shockproof assets he likes instead
Rogers knows how to survive — and thrive — in turbulent times.
In early August, Bally's Corp. stock tumbled after the casino operator cut its 2022 revenue and EBITDA estimates due to weakness at its venue in Atlantic City. "Given commentary around the guidance cut, we expect the miss on margins reflects difficulties improving profitability at Bally's Atlantic City," Stifel analyst Jeffrey Stantial said in a recent note, according to Casino.org. Bally's hopes to close its $308 million purchase of the Tropicana as soon as next month, though the company doesn't have plans to upgrade the property for at least a year.
- Motley Fool
This artificial-intelligence-driven insurer has quadrupled the return of the Nasdaq 100 in the past month.
- Yahoo Finance
Sentiment indicators show investors could not be more bearish, which tracks with a stock market that continues to rally.
- Motley Fool
In June, the Federal Reserve raised its benchmark interest rate by 0.75%, signifying the largest rate hike in decades. The reason the Fed is raising rates to such an extreme is that it wants to slow the pace of inflation. By raising interest rates, the Fed is hoping to make borrowing expensive enough that it prompts consumers to cut back on spending to a modest degree.
Don't just sink into recession depression — protect your money by focusing on these 5 things within your control
Financial anxiety is coming from all angles in this confusing economy.
- Detroit Free Press
Latest sale worth about $6.88B.
- Motley Fool
On a recent podcast, Orman reiterated something she's been saying for weeks -- that now's a good time to invest in I bonds. The amount of interest they pay you correlates to inflation, so the interest you collect this year could be different than the interest you collect three years down the line.
Johnson & Johnson stock is hitting its lowest level since March. Here's where it's a steal of a deal.
BRASILIA (Reuters) -Brazil's central bank chief Roberto Campos Neto on Friday said he believes credit cards will cease to exist soon due to the growth of the open finance system, through which clients authorize financial data sharing with different institutions. Open finance is a central bank project that has been implemented in phases since 2021. Speaking at an event about cryptocurrencies, Campos Neto projected that, through the system, users will control all aspects of their financial life in one "integrator" on their mobile, rather than having many apps from different banks.