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Economy

“China Shocks With Rate Cut as Data Show ‘Alarming’ Slowdown”

“China’s economic slowdown deepened in July due to a worsening property slump and continued coronavirus lockdowns, with an unexpected cut in interest rates unlikely to turn things around while those twin drags remain. Retail sales, industrial output and investment all… Continue Reading…

Economy, Personal Finance

“Gen Z is stashing away 14% of income for retirement — more than older generations, study shows”

“…Generation Z workers — defined in the study as those ages 18 to 25 — are socking away, on average, 14% of income for their golden years, according to new research from BlackRock. That compares with 12% for their older counterparts:… Continue Reading…

Cryptocurrencies

“40% of bitcoin investors are now underwater, new data shows”

“Bitcoin is off nearly 55% from its November peak, and 40% of holders are now underwater on their investments, according to new data from Glassnode. That percentage is even higher when you isolate for the short-term holders who got skin in the… Continue Reading…

Stocks

“You need to pay more attention to dividends — this math shows why they beat inflation”

“…Most investors pay little attention to them. Because the stock market’s dividend yield in recent years has been at record low levels, traders interested in turning a quick buck aren’t interested. The financial media doesn’t help matters much, since dividends… Continue Reading…

Stocks

“Snap shares soar more than 53% after earnings show it’s weathering Apple’s privacy changes”

“Shares of Snap are up more than 53% Friday after the company reported its first-ever quarterly net profit and showed it’s seeing quicker-than-expected progress on its transition with advertisers around Apple’s privacy changes on iOS. It’s a big recovery from Thursday trading, when shares closed down… Continue Reading…

Economy

“Payrolls show surprisingly powerful gain of 467,000 in January…”

“…Nonfarm payrolls surged by 467,000 for the month, while the unemployment rate edged higher to 4%, according to the Bureau of Labor Statistics. The Dow Jones estimate was for payroll growth of 150,000 and a 3.9% unemployment rate… Along with the… Continue Reading…

Economy, Real Estate

“Home prices are now rising much faster than incomes, studies show”

“…In the last decade, the median home price rose roughly 30% and incomes crept up just 11% over the same time period, according to a Bankrate analysis of data from the National Association of Home Builders/Wells Fargo Housing Opportunity Index. Over 50… Continue Reading…

Economy

“Retail sales post surprise gain as consumers show strength…”

“Retail sales posted a surprise gain in August despite fears that escalating Covid cases and supply chain issues would hold back consumers, the Census Bureau reported Thursday. Sales increased 0.7% for the month against the Dow Jones estimate of a… Continue Reading…

Stocks

“2 ‘Strong Buy’ Stocks Showing Monster Growth”

“Northern Oil and Gas (NOG)… In line with his comments, Dingmann rates the shares as a Buy, and his price target of $25 implies an upside of 33% for the coming year… This company’s firm position in some of the country’s… Continue Reading…

Business, Economy

“These charts show the highest and lowest corporate tax rates around the world”

“Highest and lowest corporate tax rates Generally, countries in Africa and South America impose higher corporate tax rates compared with many in Europe and Asia, according to data by Washington-based think tank Tax Foundation, the OECD and consultancy KPMG. Many… Continue Reading…