Subscribe to Derek’s newsletter here. The US economy is not looking good right now. US GDP contracted last quarter, despite strong performance from US consumers. Inflation is high Markets are down Personal savings and wages are showing some worrying statistical signs. Is the US headed for a recession in 2022? I don’t know for sure. … Read more
LONDON – Investors looking for value in the stock market during an ongoing downturn may be “tricking themselves,” according to Sean Corrigan, director of Cantillon Consulting. Concerns that central banks will have to raise interest rates aggressively to curb inflation – at the risk of crushing growth as the global economy suffers simultaneous blows from … Read more
Mindy Yu grew up in Queens, New York, in a working-class family who lived from paycheck to paycheck. Today, she is an investment manager who trains people to grow their wealth. If she could go back in time, Yu would give her parents three money tips. Download Something is loading. As the Investments Manager at … Read more
Elon Musk’s tweets on Friday fueled mounting speculation that he might back out of the deal.credit…John Rowe/The Associated Press In the latest bombshell in the Twitter takeover drama, Elon Musk Tweet this morning that his $44 billion bid was “temporarily on hold” until he could verify the company’s estimate that fake accounts and spam on … Read more
Dublin, May 13, 2022– (work wire)–The Prepackaged Medical Kits & Trays – Global Market Path & Analytics Report added to ResearchAndMarkets.com an offer. The global market for prepackaged medical trays and kits will reach $36.6 billion by 2026 The global market for prefilled medical kits and trays of USD 26.8 billion in 2022 is expected … Read more
(James Bromley) It’s been a rough ride to the market lately. The Nasdaq Composite (NASDAQINDEX: ^ IXIC) It is currently 20% below the late-March high, and down nearly 30% from the November peak. And of course, the past few weeks have been much worse for some of the stocks listed on the Nasdaq. If you … Read more
Gasoline prices hit the US New record Thursday – same day Biden administration Three oil and gas lease sales canceled. Republican lawmakers are pointing to rising fuel costs as a rationale for selling more leases to explore on federal lands, with some criticizing President Biden’s decision as harming America’s energy independence. Alaska Governor Mike Dunleavy … Read more
Markets are pointing higher on Friday, but it was a tough few days, as the S&P 500 faced a six-week streak of losses, the longest in a decade. With war raging in Europe, prices skyrocketing everywhere, and uncertainty about what central banks can do about it, investors may not be getting this traditional lazy and … Read more
The average 30-year fixed-rate mortgage rate rose again this week, to 5.3%, according to Freddy Mac. Although rates are expected to continue rising, there are indications that they may not rise as quickly as in previous months. In April, mortgage rates rose at a slower pace than they did in March. If you are planning … Read more
Geraldine Weiss, founding editor of the prestigious Investment Quality Trends newsletter, passed away on April 25 at the age of 96. I will let others chronicle her wonderful career, other than noting that she overcame obstacles that most of us cannot imagine today. Sexism was so pervasive when she started her newsletter in the 1960s … Read more
