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Economy, Stocks

“Hong Kong Stock Market Retracts Offer to Buy London Exchange”

“Hong Kong’s stock exchange will no longer proceed with its nearly $37 billion offer to buy its London competitor, it announced on Tuesday morning, in a setback for the exchange’s long-running effort to build a closer connection to European markets…” https://www.nytimes.com/2019/10/07/business/hong-kong-london-stock-exchange.html

Stocks

“Can Best Buy Stock Rally 47% to $100?”

“On Tuesday, the stock received a $100 price target from analysts at Morgan Stanley. That implies a robust rally of almost 50% from current levels. It would also require a move over the 2019 highs near $78, as well as… Continue Reading…

Cryptocurrencies, Economy, Investing

“Cubans Are Turning to Bitcoin to Access Global Economy: Report”

“Bitcoin (BTC) trading is opening new avenues for citizens in Communist-run Cuba, which has been financially isolated for years under a United States trade embargo. A Sept. 12 report from U.S. News claims that with the recent advent of mobile internet in the… Continue Reading…

Predictions, Opinions, & Comments, Stocks

Best Stocks To Buy At The Moment? Answer: Value Stocks

“The S&P 500 closed little changed in the session, but value stocks — those with low multiples and stable fundamentals — significantly outperformed their growth counterparts. The iShares Edge MSCI USA Value Factor ETF (VLUE) jumped 1.8% on Monday while the iShares Edge MSCI… Continue Reading…

Personal Finance

“7 things people who are good with money never buy”

“They’re not buying brand-new cars… And they’re not leasing a new car constantly, either…They won’t buy houses they can’t afford…They’re not buying things on credit that they can’t pay for…They’re not buying luxury goods from brand-name designers…And they’re less likely… Continue Reading…

Economy, Real Estate

“…most expensive state to buy a home in”

“Massachusetts ranked as the most expensive state to buy a home in, according to a report from personal-finance website SmartAsset. The analysis assessed 48 states and Washington, D.C., based on the following metrics (Delaware and Louisiana were not included due to… Continue Reading…

Economy, Real Estate, Stocks

“The superrich are selling stocks, buying properties and keeping cash ready”

“In the first quarter, Tiger 21, a coalition of 750 members worth in excess of $75 billion, raised cash to levels not seen since 2013. Not much changed in the second quarter in terms of keeping powder dry. The group’s… Continue Reading…

Economy, Investing

“…fill up on gas on Monday mornings (and never on Friday afternoons)”

“Want to save money at the pump? Fill up on Monday morning on your way to work… In a study provided exclusively to USA TODAY, GasBuddy assessed the best day to fill up and the worst day to fill up… Continue Reading…

Economy, Real Estate

“Home sales fall 4.9% in slow start to spring buying season”

“Sales of existing U.S. homes Opens a New Window. fell in March after a huge gain the previous month, held back partly by a sharp slowdown among the most expensive properties Opens a New Window. . The National Association of… Continue Reading…

Business, Economy

“US retail spending rebounds in February, driven by autos”

“The unexpectedly strong month for the key retail sector helped recover losses after December’s worrisome slump, according to the Commerce Department… Total retail sales rose 1.6 percent to $514.1 billion, well above the 0.9 percent economists had been expecting. The… Continue Reading…