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Precious Metals

“Gold hovers near record highs. Here’s where analysts say it’s headed next.”

“…Gold futures climbed to trade just above $2,600 after touching fresh records in the prior session immediately after the Federal Reserve announced a 50 basis point rate reduction… “By cutting rates more than expected, the Fed is indirectly opening the door to… Continue Reading…

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…

Business, Economy

“Delta CEO says CrowdStrike-Microsoft outage cost the airline $500 million”

“Delta CEO Ed Bastian said the massive IT outage earlier this month that stranded thousands of customers will cost it $500 million. The airline canceled more than 5,000 flights in the wake of the outage, which was caused by a… Continue Reading…

Economy

“Bashing The Rich Is Not What America’s About,” Kevin O’Leary Says of Increasing Taxes For The Wealthy”

“Well-known entrepreneur and TV personality Kevin O’Leary recently spoke on Fox News about taxing the rich in response to a caller stating, “I just want an America where I have the chance to pay less in taxes than people like Kevin O’Leary.”…”… Continue Reading…

Economy, Stocks

“BofA says chip stocks won’t peak until mid-2026, and that these 3 sub-industries will thrive until then”

“… …” https://finance.yahoo.com/news/bofa-says-chip-stocks-wont-013254042.html 2026 is the peak? The economy will more than likely collapse before then. Everyone sees what’s happening in the EV market. Now investing in cars after the crash might be a good idea but before? No. That’s… Continue Reading…

Economy

“A record 4.1 million Americans may retire this year: Financial planners say they should take these 5 steps”

“3. Delay Social Security…” https://finance.yahoo.com/news/record-4-1-million-americans-120000058.html That’s all you need to see from this article. This comment is so stupid its evil. Make no mistake this level of stupidity is evil. I’m going to tell you why this is evil. If… Continue Reading…

Business

“Sinclair explores selling roughly 30% of its broadcast stations, sources say”

“…The company has hired Moelis as its investment banker and has identified more than 60 stations in various regions of the U.S. that it would be willing to sell, said the people, who asked not to be named because the discussions are… Continue Reading…

Economy

“54% of young Americans say food costs are the biggest strain on their finances”

“Younger Americans are feeling the pinch from inflation, with 54% saying that rising food costs have hit them the hardest. The findings are part of a recent CNBC/Generation Lab survey that polled 1,033 people between the ages of 18 and 34. When asked… Continue Reading…

Stocks

“Apple stock will soar 36% as it gears up to launch an AI-enable iPhone, BofA says”

“…Apple stock is a “top pick” for 2024 and has potential upside of 36% as it gears up for the launch of an AI-enabled iPhone, according to Bank of America. The bank reiterated its “Buy” rating and $225 price target for… Continue Reading…

Economy, Stocks

“Are Stocks Going to Crash if Donald Trump Wins and Republicans Control Congress? Here’s What History Says About Stock Market Returns When Republicans Win.”

“…There are two potential issues Wall Street and investors might have with a Republican-controlled Congress and Trump at the helm. To start with, Republicans may aim to pass tax reforms that would reduce corporate and personal income-tax rates. While people… Continue Reading…