Gas prices in L.A. County drop $.66 cents in one month
Tena Ezzeddine reports from Murrieta where a new Costco, which opened Friday, boasts 32 pumps and eight lanes of service just as the average price of gas in the Southland continues to drop.
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MarketWatchGood news for retirees and retirement savers — inflation may be working in your favor
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.
- Bloomberg
Saudi Billionaire Made $500 Million Russia Bet Near War’s Onset
(Bloomberg) -- Saudi billionaire Prince Alwaleed Bin Talal invested more than $500 million in Russian firms in the days around Moscow’s invasion of Ukraine.Prince Alwaleed’s investment firm, Kingdom Holding Co., acquired depositary receipts issued by Gazprom PSJC, Lukoil PJSC and Rosneft PJSC in February, according to a stock exchange filing. Russia invaded Ukraine on Feb. 24.No specific dates for the investments were given, and the Saudi firm didn’t respond to questions about whether it still o
- BBC
Rakesh Jhunjhunwala: Tributes for India's 'stock market king' who died at 62
Rakesh Jhunjhunwala, also known as "the big bull" of Indian markets, has died at the age of 62.
- TechCrunch
VinFast says pre-orders "will get a $7,500 rebate," federal tax credit or not
Since then, congress announced it is making changes to the $7,500 federal electric vehicle tax credit, meaning that it becomes much harder to get that sweet, sweet tax deduction. The two major changes are that the tax credit will becomes means-tested (i.e. Various car manufacturers have scrambled to figure out how to react, but VinFast is taking more extreme steps than most, promising that if you have a pre-order with the manufacturer and you are no longer eligible for the tax rebate, they'll give you a $7,500 discount on the car instead.
- Motley Fool
3 Ultra-High-Yield Dividend Stocks That Can Turn $350,000 Into $1 Million by 2030
These passive-income giants, with yields ranging from 7.4% to 11.8%, have the potential to nearly triple investors' money by the turn of the decade.
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3 Semiconductor Stocks That Could Help Set You Up for Life
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%.
- TheStreet.com
George Soros Deals a Big Blow to Tesla Rival Rivian
It's been a somewhat hectic August for Rivian . The startup, which is presented as one of Tesla's most serious rivals in the race for electric vehicles, is currently accumulating setbacks. The electric vehicle manufacturer has just announced mixed earnings for the second quarter.
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2 Monster Growth Stocks That Could Reach New Highs
Every investor knows that you can’t look to a stock’s past performance as predictor of future gains. It’s become axiom, even, one of the stock phrases that we all learn about in Econ 101: ‘Past performance does not guarantee future returns’ is common formulation. But that simple phrase, while true, raises a tough question: How should an investor judge a stock? The truth is, past is prologue, not prophet, and investors can profit by taking past performance as one of many factors in evaluating a s
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Nasdaq Bear Market: 5 Brilliant Growth Stocks You'll Regret Not Buying on the Dip
These innovative growth stocks are ripe for the picking following a 34% peak plunge in the Nasdaq Composite.
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10 Stocks That Will Skyrocket
In this article, we will be taking a look at 10 stocks that will skyrocket. To skip our detailed analysis of cheaply-valued stocks that are set to gain in the future, you can go directly to see the 5 Stocks That Will Skyrocket. With the U.S. stock market plunging into bear territory, investors have typically […]
- Reuters
China unexpectedly cuts 2 key rates, withdraws cash from banking system
SHANGHAI (Reuters) -China's central bank unexpectedly cut a key interest rate for the second time this year and withdrew some cash from the banking system on Monday, to try to revive credit demand to support the COVID-hit economy. Economists and analysts said they believe Chinese authorities are keen to support the sluggish economy by allowing a widening policy divergence with other major economies that are raising interest rates aggressively. The People's Bank of China (PBOC) said it was lowering the rate on 400 billion yuan ($59.33 billion) of one-year medium-term lending facility (MLF) loans to some financial institutions by 10 basis points (bps) to 2.75%, from 2.85%.
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3 High-Yield Dividend Stocks That Are Passive Income Machines
After a period of six years, you could expect a $10,000 investment in this basket of dividend stocks to earn at least $2,000 in passive dividend income.
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Southwest Airlines (NYSE:LUV) Could Be Struggling To Allocate Capital
What trends should we look for it we want to identify stocks that can multiply in value over the long term? Typically...
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‘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.
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How can I generate some steady income in this volatile market? Here are 3 top-rated stocks yielding up to 7.5% (with fat upside to boot)
The market is unstable. Your portfolio doesn’t need to be.
- TheStreet.com
Bally's Close to Making a Huge Las Vegas Strip Deal
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.
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Warren Buffett says these are the best stocks to own when inflation spikes — with consumer prices now at a white-hot 8.5%, it's time to follow his lead
The Oracle of Omaha knows how to beat inflation. So ride his coattails.
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Jeremy Grantham still expects the S&P 500 to plunge by 50% from its peak — here are 3 recession-proof stocks in his portfolio to help limit the pain
Grantham remains ultra bearish. But this trio may offer some protection.
- Bloomberg
China's Airlines Could Join the Multibillion-Dollar Exit From US Stock Markets
(Bloomberg) -- The decision by five Chinese state-owned companies to leave the US market adds to skepticism that authorities in both countries can reach an agreement on disclosure rules, with analysts seeing state-controlled airlines as the next potential group to depart, potentially followed by internet giants. China and Hong Kong are the only jurisdictions worldwide that don’t allow inspections by the US Public Company Accounting Oversight Board, with Beijing officials citing national security
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Mark Cuban Is Watching These 6 Cryptos Right Now. Should You?
From carbon offsets to artificial intelligence, Cuban's list highlights the diversity of crypto.