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Economy, Personal Finance

“79% of Americans who make this one move won’t run out of money in retirement, researchers say”

“…Morningstar’s model — which assumes a hardly guaranteed status quo for Social Security benefits in the future — predicts that 45% of U.S. households will run short of money in retirement. For a large chunk of Americans, that could mean returning to… Continue Reading…

Economy

“72% of Americans worry Social Security will run out in their lifetimes. Here’s what experts say”

“Workers who pay into Social Security while they’re working should expect benefits from the program when they retire. Yet 72% of adults worry Social Security will run out of funding in their lifetimes, a new survey from Nationwide Retirement Institute finds. Meanwhile, 23% do… Continue Reading…

Cryptocurrencies

“Bitcoin nears all-time high, but this rally is much different than 2021 record run”

“…Bitcoin BTCUSD, 3.89% is seeing an impressive rally, as the crypto topped $64,000 briefly on Wednesday, touching levels not seen since its record peak in November 2021…” https://www.marketwatch.com/story/bitcoin-nears-all-time-high-but-this-rally-is-much-different-than-2021-record-run-8a88c18d I don’t know why people wait until an assist is exploding to get in. It’s… Continue Reading…

Banking

“Bank of England ends run of 14 straight interest rate hikes after cooler-than-expected inflation”

“The Bank of England on Thursday ended a run of 14 straight interest rate hikes after new data showed inflation is now running below expectations. The Bank had been hiking rates consistently since December 2021 in a bid to rein in inflation,… Continue Reading…

Economy

“Americans will run out of pandemic savings next month, Fed warns”

“…Research by economists at the Federal Reserve Bank of San Francisco found Covid-related savings in the US had fallen to less than $190bn (£149bn) in June. This was down from $2.1 trillion at its peak in August 2021, which was… Continue Reading…

Economy, Precious Metals

“China Controls Minerals That Run the World—and It Just Fired a Warning Shot at U.S.”

“China’s decision this week to restrict the export of two minerals used in semiconductors, solar panels and missile systems was more than a trade salvo. It was a reminder of its dominant hold over the world’s mineral resources—and a warning of its… Continue Reading…

Business

“Uber May Add To Its 74% Run; Its 2024 Earnings Are Expected To Soar 119%”

“IBD 50 growth stock Uber (UBER) has gained 74% so far this year, and its chart suggests another run is in store… Uber’s sales growth, though still strong, has tapered off over the past three quarters and losses are narrowing. For the… Continue Reading…

Business

“WWE agrees to merge with UFC to create a new company run by Ari Emanuel and Vince McMahon”

“Vince McMahon’s World Wrestling Entertainment has agreed to merge with UFC to form a new publicly traded company controlled by Endeavor Group , the companies announced Monday morning. Endeavor will own a 51% stake in the new combat sports and… Continue Reading…

Cryptocurrencies

[Claim] “Scaramucci sees bitcoin at $50,000 to $100,000 in 2-3 years as market hopes for bull run”

“While bitcoin has gotten a small bump at the start of the year, in line with risk assets like stocks, experts say bitcoin is unlikely to retest its all-time high of just under $69,000 but it may have bottomed… “There’s… Continue Reading…

Banking, Economy

“BofA warns hot inflation might run rampant for another 10 years…”

“Despite the U.S. Federal Reserve’s aggressive rate hikes — including four consecutive hikes of 75 basis points — inflation is still running hot. Consumer prices in the U.S. climbed 0.4% in October and were up 7.7% from a year ago.… Continue Reading…