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Economy

“U.S. Winter-Wheat Acres Set to Drop to Lowest in 110 Years”

“… Dogged by lower prices and tepid demand, U.S. wheat farmers are poised to plant the fewest acres of winter varieties in 110 years… …World supplies are so plentiful that futures for hard red winter wheat are down about 15%… Continue Reading…

Economy

“Biggest US cities losing hundreds of workers every day, and even more should be fleeing”

“Among the reasons? Skyrocketing housing costs, pricey child care, the crowds and relentless traffic. Sometimes the local culture isn’t a fit or they want to be nearer to family. Unfortunately many workers would love to leave the cities behind but need to… Continue Reading…

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…

Banking, Economy

“Fed Adds $110.1 Billion to Financial System in Latest Transaction”

“The Federal Reserve Bank of New York added $110.1 billion to the financial system Thursday, using the market for repurchase agreements, or repo, to relieve funding pressure in money markets…” https://www.wsj.com/articles/fed-adds-110-1-billion-to-financial-system-in-latest-transaction-11569505632

Economy, Investing, Precious Metals

“Gold Seen Cracking $1,600 as Fed Goes for Cut, Cut, Cut, Cut”

“Gold will surge above $1,600 an ounce as the Federal Reserve embarks on a quartet of interest rate cuts to combat slowing U.S. growth… Bullion will benefit as the Fed opts for four, 25 basis point cuts between this month… Continue Reading…

Economy, Stocks

Stock: “Insiders are selling stock like it’s 2007”

“The leaders of Corporate America are cashing in their chips as doubts grow about the sustainability of the longest bull market in American history. Corporate insiders have sold an average of $600 million of stock per day in August, according to TrimTabs… Continue Reading…

Real Estate

Real Estate: “America’s Priciest Listing Sells at Foreclosure Auction”

“Once listed for $1 billion, a 157-acre parcel of land in Beverly Hills known as the Mountain has sold at a foreclosure auction to its lender for just $100,000.” https://www.wsj.com/articles/americas-priciest-listing-sells-at-foreclosure-auction-11566326719 This is a prime example of how the wealthy make… Continue Reading…

Economy, Stocks

[8/14/19] “Dow tanks 800 points in worst day of 2019…”

“Stocks plunged Wednesday in the Dow Jones Industrial Average’s worst performance of 2019 after the bond market flashed a troubling signal about the U.S. economy. The Dow dropped 800.49 points or 3.05% to 2,5479.42, its worst percentage drop of the year and… Continue Reading…

Business, Economy, Stocks

“S&P 500 hits record as Wall Street bets the Fed will lower interest rates, Dow surges 250 points”

“Stocks rose sharply on Thursday after the Federal Reserve hinted at possible interest rate cuts as soon as next month. The S&P 500 surged 0.9%, hitting a record high of 2,954.33 as the tech and energy sectors outperformed. The Dow Jones Industrial Average gained 256 points… Continue Reading…

Economy

“$700 million in oil spill money slated for Louisiana roadwork”

“Louisiana lawmakers want to redirect nearly $700 million in Gulf oil spill recovery money that had been earmarked for trust funds to instead finance roadwork, bridge upgrades and port improvements. The state is receiving yearly payments of $53.3 million through… Continue Reading…