Economy, Personal Finance

“Only 37% of American workers feel good about their retirement savings…”

“…That’s according to CNBC’s August 2024 Your Money retirement survey conducted with SurveyMonkey, which found that only 37% of non-retired Americans are either “on schedule” or “ahead of schedule” with their retirement investments. Considering that more than half of Americans say they’re… Continue Reading…

Real Estate

“Mortgage refinance demand is 94% higher than a year ago, as interest rates fall again”

“The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($766,550 or less) decreased to 6.43% from 6.44% Applications for a mortgage to purchase a home did rise 3% for the week but are still 4% lower… Continue Reading…

Business

“Sony hikes price of aging PlayStation 5 console in Japan by 19%”

“Sony said its suggested retail price for the PlayStation 5 is 79,980 yen, or $553, up 19% from the previous price. The hike will take effect from Sept. 2. Sony cited a challenging external environment, including fluctuations in the global… Continue Reading…

Business, Stocks

“Chipotle Is Down 25% After Losing Its CEO: …”

“A big shake-up just hit Chipotle Mexican Grill (NYSE: CMG). Longtime chief executive officer (CEO) Brian Niccol just announced a surprising departure to Starbucks. Niccol has been instrumental in delivering a turnaround for Chipotle after its foodborne illness outbreaks, leading the stock to… Continue Reading…

Stocks

“…High-Yield Dividend Stock [UPS] That’s Down 45%”

“…Why has UPS stock plunged roughly 45%? The short answer is that the company’s revenue and earnings have declined. That’s all investors need to bail out on a stock. Several factors contributed to UPS’ declining financial fortunes, though…” https://finance.yahoo.com/news/once-decade-opportunity-buy-magnificent-095000113.html

Stocks

“Morgan Stanley Predicts up to 220% Jump for These 2 ‘Strong Buy’ Stocks”

“…COMPASS Pathways (CMPS)… Morgan Stanley analyst Vikram Purohit, who covers the stock, sees CMPS as presenting a compelling risk-reward opportunity. He highlights the company’s leading clinical program… To this end, Purohit rates CMPS shares an Overweight (i.e. Buy), and his $23 price… Continue Reading…

Economy, Personal Finance

“79% of Americans who make this one move won’t run out of money in retirement, researchers say”

“…Morningstar’s model — which assumes a hardly guaranteed status quo for Social Security benefits in the future — predicts that 45% of U.S. households will run short of money in retirement. For a large chunk of Americans, that could mean returning to… Continue Reading…

Economy

“Canada to slap 100% import tariffs on Chinese electric vehicles over ‘unfair’ competition”

“Canada on Monday said would impose 100% import tariffs on China-made electric vehicles, as well as a 25% tariff on steel and aluminum imports from China. Canada said its EV, steel and aluminum industries face “unfair” competition from China, and… Continue Reading…

Stocks

“Cava earnings beat estimates as restaurant traffic climbs nearly 10%”

“…Shares of the company rose 9% in extended trading. The stock has more than doubled its value this year, bringing Cava’s market cap up to about $11.6 billion, as of Thursday’s close… The Mediterranean restaurant chain reported fiscal second-quarter net… Continue Reading…

Energy

“U.S. crude oil holds above $72 per barrel after erasing most of 2024 gain”

“…The U.S. benchmark is now up just 0.91% for the year, while global benchmark Brent crude has erased all of its gains for 2024. Oil prices settled more than 1% lower on Wednesday after U.S. job growth was revised significantly lower,… Continue Reading…