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Economy

“Average consumer now carries $6,329 in credit card debt. ‘People are stretched,’ expert says”

“Americans now owe a record $1.14 trillion on their credit cards, the Federal Reserve Bank of New York reported Tuesday. The average balance per consumer stands at $6,329, up 4.8% year over year, according to a separate quarterly credit industry insights report from TransUnion…” https://www.cnbc.com/2024/08/08/credit-card-debt-and-delinquencies-are-on-the-rise-reports-finds.html I… Continue Reading…

Economy, Predictions, Opinions, & Comments, Stocks

Now They’re Scared: “The Fed warns of social media ‘echo chambers’ that pump up meme stocks.”

“…“To date, the broad financial stability implications of changes in retail equity investor characteristics and behaviors have been limited,” the Fed said. The central bank specifically assessed what happened to shares of AMC Entertainment and GameStop in January, noting that activity and… Continue Reading…

Stocks

“3 Artificial Intelligence Stocks to Buy Now and Hold for Decades”

“…AI chips are the building blocks of the technology, so it’s hard to mention any long-term stock list without leading off with Nvidia (NASDAQ: NVDA). The company has between 80% and 90% of the AI chip market today…. …My pick for one of… Continue Reading…

Stocks

“1 Artificial Intelligence (AI) Stock Down 29% to Buy Right Now Before It Soars 78%”

“Advanced Micro Devices‘ (NASDAQ: AMD) artificial intelligence (AI)-fueled rally has come to a screeching halt in 2024. Shares of the chipmaker are down 29% since the beginning of March, when they were trading at a 52-week high, and the company’s latest results… Continue Reading…

Economy

“38% of Americans have ‘never felt more uninspired at work than they do now’”

“…The survey, conducted by Talker Research and commissioned by Life Time Work, polled 2,000 employed Americans and found that this lack of inspiration is directly impacting productivity. Another 38 percent of respondents admitted to feeling only “somewhat” productive at work,… Continue Reading…

Stocks

“1 Magnificent Dividend Stock Down 27% to Buy Right Now Near a Once-in-a-Decade Valuation”

“Unilever (NYSE: UL) is a consumer goods juggernaut that owns some of the world’s most recognizable brands, including Dove, Axe, Vaseline, Knorr, and Ben & Jerry’s… This stock is down 27% from its all-time highs, trading at a once-in-a-decade valuation, and paying… Continue Reading…

Economy, Real Estate

“Boomers Bought Up the Big Homes. Now They’re Not Budging.”

“Baby boomers bought up many of the big homes across the U.S. when they were raising their families. Now they’re staying put, even though their kids are all grown up.  Boomers are on top in a housing market where tight… Continue Reading…

Economy, Real Estate

[Inflation] “$1 million homes are now ‘typical’ in a record number of U.S. cities, analysis finds. Here’s where they are”

“There is a record number of areas in the U.S. where the “typical” home is worth $1 million or more. In February, the country had 550 “million-dollar” cities, or areas where the “typical” home value is $1 million or more,… Continue Reading…

Stocks

“2 Stocks Down 73% and 83% to Buy Right Now” [Article Claims]

“…SoFi stock: Down 26% this year and 73% from its high… SoFi’s revenue increased 35% year over year to $615 million in the fourth quarter, and adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) increased 159% to $181 million.… Continue Reading…

Economy, Energy

“…USA is now producing more oil and gas than any nation ever has” [So why is gas so expensive?]

“The US Energy Information Administration (EIA) said in January that US domestic production of crude oil for September 2023 set a new all-time high of 13,247,000 barrels per day. That fact probably deserved more notice than it received given that it was… Continue Reading…