Two weeks after tornadoes, inflation continues to plague rebuilding process
From chainsaws to lumbers, the road to recovery continues to curve due to price and supply.
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Yahoo FinanceFalling gas prices 'might be a sign' of what’s next with inflation: Strategist
Gas prices are continuing to steadily decline after hitting a record high earlier this year, and one strategist is optimistic that it's a sign of things to come on the inflation front.
- Business Insider
The rally in the S&P 500 this summer is flashing signs that the benchmark index could hit another all-time high before the end of the year, Fundstrat says
A key indicator that's preceded every new all-time high since 1950 is now flashing, Fundstrat said in a note Wednesday.
- AFP
South Korean founder of failed Terra coin admits he was 'wrong'
The co-founder of the failed Terra cryptocurrency, which collapsed and wiped out about $40 billion of investors' money in May, has admitted he was "wrong", but said that he was not talking to South Korean investigators.
- CoinDesk
Bankrupt Crypto Lender Celsius Gets Cash-Injection Offers, Approval to Sell Mined Bitcoin
Bankrupt cryptocurrency lender Celsius Network, which disclosed Monday that it was running low on money, said it has gotten several proposals to inject cash into the company and won approval from a U.S. judge to sell bitcoin (BTC) that it mines. Celsius lawyer Josh Sussberg disclosed the receipt of cash-injection offers during a Tuesday bankruptcy hearing but didn't say how big the offers were. Moving hastily on this is “mission critical” for Celsius, Sussberg said.
- Barrons.com
Follow Warren Buffett’s Lead. Park Your Cash in This Ultra-Safe Investment.
Investors can buy the short-term Treasury bills, now yielding as much as 3%, from the government and brokers or through funds.
- Insider Monkey
Jim Cramer Recommends Selling These 10 Stocks in August
In this article, we discuss the 10 stocks that Jim Cramer recommends selling in August. If you want to read about some more stocks that Jim Cramer recommends selling, go directly to Jim Cramer Recommends Selling These 5 Stocks in August. Jim Cramer, the former hedge fund manager and present host of Mad Money on […]
- Insider Monkey
Warren Buffett Loaded Up on These 10 Stocks for the Rest of 2022
In this article, we discuss the 10 stocks that Warren Buffett loaded up on for the rest of 2022. If you want to see more stocks in this selection, click Warren Buffett Loaded Up on These 5 Stocks for the Rest of 2022. Despite the high inflation and rising rates battering the US economy since […]
- TipRanks
2 ‘Strong Buy’ Stocks Goldman Sachs Predicts Will Surge Over 40%
The stock market is finding support right now from two directions, a perception that the Fed is turning slightly dovish and will be a little less aggressive on its rate hikes going forward, and the Q2 earnings, which are coming in better than analysts had feared. The S&P 500 might still be down 10% for the year, but the index has gained 17% since its mid-June low, and with the macro environment appearing friendlier, investors will be hoping the change of sentiment won’t be a temporary one. Again
- MoneyWise
President Biden forgives close to $4 billion in student debt — what’s next?
The pause on student loan repayments is ending soon, what are Biden’s options on student debt?
- TipRanks
2 “Strong Buy” Penny Stocks With Over 300% Upside on the Horizon
Finding returns is the point of investing, it’s the path to profits and prosperity. But how to get there – that’s the question investors need to answer. One common strategy – and one that offers plenty of promise for investors who don’t mind shouldering the extra risk – is to go after penny stocks. Traditionally seen as stocks priced for just pennies per share, these equities are now defined as those with a share price of $5 or less. For the tough-minded investors, these low-cost stocks present
- Business Insider
An indicator with a perfect track record shows stocks haven't bottomed yet - and markets shouldn't rule out a hard landing, BofA says
The so-called Rule of 20 has flashed at every market bottom since September 1974, according to Bank of America.
- INSIDER
Student-loan borrowers will know 'soon' if the debt payment pause will be extended before it expires in 2 weeks, Biden's Education Secretary says
Education Sec. Miguel Cardona said he is "having conversations daily with the White House" on the student-loan payment pause that's expiring Aug. 31.
- Bloomberg
Twitter Has to Give Musk Only One Bot Checker's Data: Its Ex-Product Head
(Bloomberg) -- Twitter Inc. was ordered to hand over files from its former consumer product head to Elon Musk on spam and bot accounts the billionaire has cited in seeking to abandon his $44 billion purchase of the social media company. Most Read from BloombergSaudi Billionaire Made $500 Million Russia Bet at War OnsetAmerica’s $7 Trillion Retirement Crisis Is Only Getting Worse‘Next Generation’ Moderna Coronavirus Booster Jab Approved for Use in AdultsThese Six Cities Are Emerging as New Expat
- MarketWatch
What should you do if Biden doesn’t extend the student loan payment pause?
Announced at the start of the pandemic in March 2020, the payment pause has been extended and even expanded several times, including four extensions ordered by Biden himself. As of mid-August, speculation was rampant that Biden would grant another extension, but the Department of Education wasn’t making any promises, other than telling The New York Times that the department’s “review of broad-based debt cancellation remains ongoing and no decisions have been made.” In the meantime, student loan debtors are advised to prepare for resuming their monthly loan payments.
- Barrons.com
It’s the Record Date for the Tesla Stock Split. What That Means.
Tesla stock will start trading at its three-for-one split adjusted price on Aug. 25. On the record date Wednesday, Tesla looks to see who its shareholders are.
- SmartAsset
Will Capital Gain on Inherited Properties Cost You a Fortune?
When you inherit property, the IRS applies what is known as a stepped-up basis to that asset. Here's how capital gains are taxed on inherited property.
- Reuters
Indian rupee posts biggest intraday gain in over a week on risk rally
The Indian rupee closed higher on Wednesday marking its biggest single-day gain in more than one week spurred by dollar inflows, as improved risk appetite drove a rally in equities while the greenback posted losses. India's foreign exchange markets were shut on Monday and Tuesday. Dollar credits received by Indian exporters following the long weekend, healthy risk mood and weaker oil prices helped rupee make up for last week's underperformance, traders said.
- MarketWatch
Afraid you missed the stock-market bottom? This research says curb your FOMO.
Signs of FOMO are evident in the summer stock-market rally. A strategist takes a look at what happened to investors who 'missed' the bottom in previous bear markets.
- SmartAsset
You Won't Believe How Many Americans Fail This Financial Quiz
Despite the vast depth of information and education available today, financial literacy isn't improving among adults in the U.S. A financial advisor can help you improve your financial literacy to better understand your money. Find a fiduciary advisor today. On average, … Continue reading → The post 23% of Adults Got Three-Quarters of Financial Literacy Questions Wrong: Can You Get Them Right? appeared first on SmartAsset Blog.
- Zacks
Is Annaly Capital Management (NLY) a Great Value Stock Right Now?
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.