Business, Economy

“Want to Pay Cash? That’ll Cost You Extra”

“When Noa Khamallah recently tried to pay cash for popcorn and soda at Yankee Stadium, his almighty dollars struck out. The stadium’s concession stands no longer take cash. An employee directed him to a kiosk that could convert his greenbacks into plastic. Khamallah, 41… Continue Reading…

Economy

“Americans Have More Investment Income Than Ever Before”

“Lynn Hogan and her husband jokingly call themselves “the turtles” after methodically investing for decades. In the current race against inflation, which has made trips more expensive and $200 grocery bills not uncommon, the mostly retired educators are among those keeping… Continue Reading…

Economy

“World’s richest have never been so wealthy: study”

“The world has never had so many rich people and their investments in soaring stock markets have made them wealthier than ever recorded, according to a study published on Wednesday. The number of “high net worth individuals” (HNWI) — defined… Continue Reading…

Business, Economy

“Are You Richer Than Your Peers? The Net Worth Needed To Be In The Top 10% Of Your Age”

“The net worth required varies significantly by age group, with older Americans generally having more time to accumulate wealth: • 18-29: $281,550 • 30-39: $711,400 • 40-49: $1,313,700 • 50-59: $2,629,060 • 60-69: $3,007,400 • 70+: $2,862,000 …” https://finance.yahoo.com/news/richer-peers-net-worth-needed-200324549.html

Economy, Stocks

“BofA says chip stocks won’t peak until mid-2026, and that these 3 sub-industries will thrive until then”

“… …” https://finance.yahoo.com/news/bofa-says-chip-stocks-wont-013254042.html 2026 is the peak? The economy will more than likely collapse before then. Everyone sees what’s happening in the EV market. Now investing in cars after the crash might be a good idea but before? No. That’s… Continue Reading…

Business, Economy

“Generative AI Sales Could Surge 2,026%: Here’s My Pick for the Best AI Stock to Buy Now (Hint: Not Nvidia)”

“…Bloomberg Intelligence says generative AI sales across hardware, software, and services could soar 2,026% to $1.4 trillion by 2032. That puts investors in front of a once-in-a-generation opportunity… Alphabet shares trade at a reasonable valuation Going forward, digital ad spending… Continue Reading…

Economy, Stocks

“The S&P 500 could plunge as much as 70% this cycle as markets hit a ‘motherlode’ of FOMO extremes, famed fund manager says”

“…All-time highs in the stock market give the impression of a runaway rally, but it’s a bull run that will eventually come crashing down, John Hussman said in a new note. The legendary bear, famed for predicting the 2000 and 2008… Continue Reading…

Economy, Stocks

“Dow Jones Slides 375 Points After Jobless Claims, GDP; Salesforce Plunges 20% On Earnings” – May 30, 2024

“The Dow Jones Industrial Average tumbled 375 points Thursday after weekly unemployment claims and quarterly GDP data both came in weaker than expected. Dow Jones giant Salesforce (CRM) plunged on the stock market today after the company’s earnings report, while artificial intelligence… Continue Reading…

Economy

“37% of Americans paid a late fee in the last 12 months, report finds”

“Many consumers are finding it hard to keep up with their bills. To that point, 37% of Americans have been charged a late fee on a bill in the last 12 months, according to a new report by NerdWallet. Credit card late fees were the… Continue Reading…

Economy

“GameStop stock surges on $933M stock sale”

“…They are surging this morning up by about 26%. This move comes after the video game retailer announced Friday that it made $933 million from selling 45 million common shares…” https://finance.yahoo.com/video/gamestop-stock-surges-933m-stock-133927723.html