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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…

Stocks

“Foreign Funds Are Selling India Stocks at Fastest Pace in Months”

“…Overseas funds sold $768.4 million of local shares last Thursday alone, the biggest single-day outflow since June 2022 on a net basis, according to the latest data compiled by Bloomberg. Overall, they have withdrawn $1.2 billion in the week through… Continue Reading…

Energy

“GE stock has skyrocketed 80% in 5 months — JPMorgan says that’s a problem”

“…”While we see an excellent business in aerospace and potential in Vernova, GE is up ~80% over the past five months vs. 13% for the S&P 500,” JPMorgan analyst Seth Siefman wrote in a client note on Tuesday ahead of… Continue Reading…

Economy

“Morgan Stanley expects the S&P 500 to plunge another 17%-27% within the next four months — use these 3 top recession-resistant stocks for protection”

“…“Our ’22/’23/’24 base case estimates are now 3%/13%/14% below consensus, respectively,” a team of Morgan Stanley analysts led by Mike Wilson write in a recent note to investors. “In our base case, 2023 now marks a modest earnings contraction (-3%… 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…

Cryptocurrencies

“Bitcoin tops $60,000 for first time in six months as traders bet on ETF approval”

“Bitcoin climbed above $60,000 Friday, pushing the digital coin further toward its all-time high, as traders speculated U.S. regulators would clear the first bitcoin futures exchange-traded fund. The world’s biggest cryptocurrency surged as high as $60,314, notching its highest level since… Continue Reading…

Economy

“Lumber prices are up 232% and ‘could spiral out of control in the next few months’”

“Last week the price per thousand board feet of lumber soared to an all-time high of $1,188, according to Random Lengths. Since the onset of the pandemic, lumber has shot up a whopping 232%. Home builders and DIYers don’t want… Continue Reading…

Stocks

“12 Stocks Turned $10,000 Into $1.1 Million In 12 Months”

“All the top 10 S&P 500 stocks in December, like health care Alexion Pharmaceuticals (ALXN), plus a raft of consumer discretionary plays like Tesla (TSLA) and Ralph Lauren (RL), jumped more than 20% in the month, says an Investor’s Business Daily analysis of data from S&P… Continue Reading…

Stocks

“11 Stocks Turned $10,000 Into $931,533 In 11 Months”

“The top nine S&P 500 stocks in November, including almost entirely energy companies like Occidental Petroleum (OXY), Apache (APA) and Diamondback Energy (FANG), powered 50% higher in the month, says an Investor’s Business Daily analysis of data from S&P Global Market Intelligence and MarketSmith. All told, had… Continue Reading…

Stocks

“10 Stocks Turned $10,000 Into $459,770 In 10 Months”

“…Investors paying attention could still find plenty of gains. Nearly half the stocks in the S&P 500 gained in October, topped by leaders like health care firm Align Technology (ALGN), information technology Paycom (PAYC) and industrial Quanta Services (PWR). This means if you’ve been in the right place… Continue Reading…