October 11, 2022
“The Federal Reserve has raised interest rates at the fastest pace since the 1980s this year in an attempt to cure America’s inflation problem. But now, many economists and business leaders are beginning to question whether the medicine (rate hikes) could be worse than the disease (inflation).… Continue Reading…
October 10, 2022
“EDITOR’S NOTE: We saw what happened to the world’s major currencies when the Federal Reserve took a more aggressive stance on rate hikes: they tumbled. Even legendary hedge fund manager, Ray Dalio, whose mantra was “cash is trash” no longer believes that… Continue Reading…
October 10, 2022
“EDITOR’S NOTE: How safe are your pension funds, really? If you’re in the retirement red zone, you may be facing a triple threat: not only is your pension fund at risk, but whatever you receive from your fund is likely going to… Continue Reading…
October 6, 2022
“Exxon Mobil (XOM) stock surged Wednesday after it signaled natural gas prices would support already strong third-quarter expectations. Despite steep growth estimates, the energy giant projects it will not match its record profits from Q2 as oil prices have retreated along… Continue Reading…
October 5, 2022
“US mortgage rates jumped to a 16-year high of 6.75%, marking the seventh-straight weekly increase and spurring the worst slump in home loan applications since the depths of the pandemic… Over the past seven weeks, mortgage rates have soared 1.30… Continue Reading…
October 5, 2022
“The highest mortgage rates in more than 20 years coincided with one of the deadliest hurricanes on record in the United States, both contributing to a steep drop in mortgage demand. Total mortgage application volume fell 14.2% last week compared… Continue Reading…
October 4, 2022
“Electric vehicle maker Rivian Automotive said Monday that it produced over 7,000 vehicles in the third quarter, its highest quarterly total to date. The company also confirmed that it remains on track to produce 25,000 vehicles in 2022. Shares of Rivian were… Continue Reading…
October 4, 2022
“Ford Motor on Tuesday said its sales in the third quarter increased about 16% compared with a year earlier, despite a larger-than-expected decline in September. The Detroit automaker, which reports sales monthly, said it sold 142,644 vehicles last month, an 8.9%… Continue Reading…
October 3, 2022
“…The Dow Jones Industrial Average jumped 681 points higher, or 2.3%. At one point it advanced as much as about 700 points. The S&P 500 rose 2.1%, after falling Friday to its lowest level since November 2020, and the Nasdaq… Continue Reading…
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