Policy/General News

Stocks crash and rates rise.  It's painful, but we're heading back to normal.

Stocks crash and rates rise. It’s painful, but we’re heading back to normal.

Stocks and bonds fall. Housing has weakened. And I haven’t heard a word about non-fungible cartoon monkey tokens in maybe three months. Strategists are now turning their attention to some truly bizarre assets – two I spoke with last week recommended buying long-dated Treasuries. One also said he favors stocks of companies that generate money, …

Stocks crash and rates rise. It’s painful, but we’re heading back to normal. Read More »

Many people have credit problems.  How advisors can help you.

Many people have credit problems. How advisors can help you.

Elevate research shows that 15% of people with less than optimal credit scores earn an individual income of more than $100,000 per year. Additionally, new data from CreditCards.com shows that while credit card debt is most prevalent among the lowest income earners, 37% of those with a month-to-month balance earn at least $100,000 a year. …

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"Moore's Law Is Dead," Says Nvidia CEO Jensen Huang To Justify Rising Game Card Prices

“Moore’s Law Is Dead,” Says Nvidia CEO Jensen Huang To Justify Rising Game Card Prices

On Wednesday, Nvidia Corp. chief executive Jensen Huang said he thought it would be “a pretty great fourth quarter for Ada,” the company’s next-generation chip architecture unveiled this week, even as critics balk at a price hike during a slowdown in consumer demand. . NVIDIA NVDA, +0.65% expects strong demand for gaming chips using its …

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If the market passes this upcoming test, stocks will be poised to rise.  We are not there yet.

If the market passes this upcoming test, stocks will be poised to rise. We are not there yet.

There’s still too much optimism on Wall Street, even after the Dow Jones Industrial Average’s DJIA, -1.70% Falling more than 500 points on Wednesday after the Federal Reserve’s last meeting and rate hike. Consider all the attention given to a possible “double bottom”. By portraying market weakness in this way, the bulls are trying to …

If the market passes this upcoming test, stocks will be poised to rise. We are not there yet. Read More »

"She never explained anything": I am an elderly person and I lost $100,000 on the stock market this year.  Can I sue my financial advisor?

“She never explained anything”: I am an elderly person and I lost $100,000 on the stock market this year. Can I sue my financial advisor?

I am a senior citizen and I suffered significant losses in the range of $100,000 during the recent stock market turmoil. Can I sue my financial advisor? I understand the dynamics of the market in terms of its ups and downs, and I’ve weathered them before. However, it has been different with the market over …

“She never explained anything”: I am an elderly person and I lost $100,000 on the stock market this year. Can I sue my financial advisor? Read More »

Simultaneous rate hikes could trigger a rare global recession

Simultaneous rate hikes could trigger a rare global recession

Text size The US Federal Reserve is expected to implement a third of its “unusually large” rate hikes this year. Drew Angerer/Getty Images About the authors: Mr. Ayhan Kose is Acting Vice President for Equitable Growth, Finance and Institutions at the World Bank. Justin D. Guenette is a Senior Economist in the Prospects Group of …

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Brace yourself: the Fed is about to inflict “some pain” with a 75 basis point rate hike.  Here's how to prepare your wallet and wallet.

Brace yourself: the Fed is about to inflict “some pain” with a 75 basis point rate hike. Here’s how to prepare your wallet and wallet.

The Fed is ready to bring the pain. Are you ready? A few weeks ago, Federal Reserve Chairman Jerome Powell warned that there would be “difficulties for households and businesses” as the central bank raises interest rates to fight higher inflation. higher than it has been for four decades. Powell and other members of the …

Brace yourself: the Fed is about to inflict “some pain” with a 75 basis point rate hike. Here’s how to prepare your wallet and wallet. Read More »

Gloom overshadows the stock market.  Financial experts say these are the ways to stay invested.

Gloom overshadows the stock market. Financial experts say these are the ways to stay invested.

In the new Netflix documentary “Get Smart With Money”, financial adviser Shareef “Ross Mac” McDonald tries to persuade struggling NFL player Teez Tabor to invest in the stock market. “The easiest way to be a player in the game is to put your money in the S&P 500 SPX, +0.52%, because on average it’s going …

Gloom overshadows the stock market. Financial experts say these are the ways to stay invested. Read More »

Why Alibaba and other Chinese tech stocks are an exception to Goldman Sachs' outlook

Why Alibaba and other Chinese tech stocks are an exception to Goldman Sachs’ outlook

Text size Alibaba and other Chinese tech stocks have been battered since early last year. Qilai Shen/Bloomberg Chinese tech stocks have been battered since many hit all-time highs in early 2021, and the situation hasn’t improved much in 2022. That may be a compelling reason to at least take a fresh look at this sector. …

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Will the economy get worse?  Consider increasing your credit limit before he does.

Will the economy get worse? Consider increasing your credit limit before he does.

Leaning on a credit limit in a faltering economy is like expecting a weak bridge to weather a storm and lead you to survival. It is not uncommon for credit card issuers to minimize their risk by lowering credit limits or closing accounts when there is a risk of economic distress. Credit card issuers took …

Will the economy get worse? Consider increasing your credit limit before he does. Read More »