Economy

“The Dollar Is Warning Us Inflation Is Getting Out Of Control”

“EDITOR’S NOTE: Gains, Pains & Capital shares an inflationary history lesson from 1974, and it is bad news for us in 2022. History shows that, initially, stocks soar with inflation as (unadjusted for inflation) profits increase for companies. However, if… Continue Reading…

Cryptocurrencies

“Federal Reserve is taking the next step toward possibly launching a digital dollar”

“…The central bank is asking the public to provide feedback on the question over the next 120 days. And it said that in any event, it would only seek to create a digital currency with “clear support” from both the executive branch… Continue Reading…

Economy

“$1,051,873,000,000: Record Federal Tax Collections Top $1 Trillion in 3 Months”

“Total federal tax collections in the first three months of fiscal 2022—October through December—set a record as they topped $1 trillion, hitting $1,051,873,000,000, according to the Monthly Treasury Statement released today. Prior to this year, the most the federal government had… Continue Reading…

Energy

“$100 Oil? Bets Are Rolling In Again.”

“To say investors are bullish on oil again would be an understatement. In a year that has begun with serious uncertainty—largely about the path of interest rates and tech stocks — a positive call on oil is as close to… Continue Reading…

Banking, Economy

“Trillion-dollar platinum coin could be minted at the last minute”

“A trillion-dollar platinum coin could be minted “within hours of the Treasury Secretary’s decision to do so,” Philip Diehl, former director of the United States Mint, tells Axios. Why it matters: Congressional solutions to the debt-ceiling problem could take weeks to… Continue Reading…

Business, Economy

“House Democrats propose top 39.6% tax rate at these income levels”

“House Democrats have proposed a top marginal income tax rate of 39.6% for individuals, part of a sweeping change to the tax code to fund climate investments and an expansion of the U.S. safety net. That rate, an increase from… Continue Reading…

Economy, Stocks

“Are Oil Prices Heading To $64 or $200? Depends On Who You Ask”

“Brent Crude prices are set to retreat to $64 a barrel by the end of 2021, one of Japan’s leading banks says, while the energy minister of a Gulf oil producer warned that the International Energy Agency’s suggestion of no… Continue Reading…

Economy

“Lukoil: OPEC+ Aims To Keep Oil Price In The $65-75 Range”

“The OPEC+ alliance looks to keep oil prices in the range between $65 and $75 per barrel, and this is a comfortable price for consumers, Vagit Alekperov, president and CEO at Russia’s second-largest producer, Lukoil, told Russian newspaper Kommersant. Brent Crude prices have not… Continue Reading…

Banking

“Wells Fargo Loses $800 Million Team to Insigneo”

“A Wells Fargo Advisors team managing more than $800 million in assets has left to join Insigneo, an independent broker-dealer and registered investment advisory firm, the company said.… Miami-based advisors Isadora Del Llano, Yzana Oestreicher, Maria Elena Garcia, and Nilia Gasson make up… Continue Reading…

Stocks

“3 Dividend Stocks Under $10 With at Least 9% Dividend Yield”

“Annaly Capital Management (NLY)… The Wall Street decision on Annaly is an even split, with 3 recent Buy recommendations and 3 to Hold, giving the stock a Moderate Buy consensus rating. The shares are priced at $8.71 with an average… Continue Reading…