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Personal Finance

“44% of people with a side hustle think they’ll always need it — and more are picking one up”

“Side hustles have long been on the rise. More than half of Gen Zers, 53% have a side hustle, as well as half of millennials and 40% of Gen Xers, according to an April 2023 Bankrate survey of 2,505 U.S. adults. With… Continue Reading…

Banking

“JPMorgan Grows Even Bigger as US Bank Giants Soak Up Assets”

“…More than 70% of aggregate asset growth in major US banks was concentrated in the 10 largest lenders, which saw a combined $630 billion increase in the first quarter — when also including assets tied to more-recent mergers and acquisitions,… Continue Reading…

Banking, Economy

“Japan Funds Ramp Up Treasury Purchases Amid US Banking Turmoil”

“Japanese investors bought a record amount of Treasuries in the first three months of the year as concern over the US banking sector damped bets on Federal Reserve rate hikes… Net purchases totaled ¥9.12 trillion ($68 billion) in the January-March… Continue Reading…

Stocks

“Nvidia shares up 12% on earnings and bullish outlook on A.I.”

“Nvidia shares opened up over 12% Thursday morning, a day after the chipmaker reported a beat on the top and bottom line. Analysts are also bullish on the company’s A.I. vision. Nvidia reported $6.05 billion in revenue for the fiscal… Continue Reading…

Economy, Energy

“Why $4 per gallon gas this spring isn’t out of the question”

“Don’t look now, but gas prices are heading back up, and GasBuddy predicts the national average could hit $4 again in a couple of months. The price for a gallon of regular is up more than 13% nationally over the… Continue Reading…

Economy

“Average Social Security retirement benefit fell short by 46% in 2022. Here are the costs that went up the most”

“…Even as a 5.9% cost-of-living adjustment went into effect in January, the record high annual benefit increase still fell short, according to new research from The Senior Citizens League. The average retiree benefit increased to $1,656.30 in 2022 from $1,564 in 2021… Continue Reading…

Business

“Google, Oracle, Amazon and Microsoft awarded Pentagon cloud deal of up to $9 billion combined”

“The Pentagon said Wednesday that Amazon, Google, Microsoft and Oracle received a cloud-computing contract that can reach as high as $9 billion total through 2028. The outcome of the Joint Warfighting Cloud Capability, or JWCC, effort is in line with the U.S. Defense Department’s effort to rely on… Continue Reading…

Economy, Precious Metals

“Central Banks And Unknown Buyers Are Scooping Up A Record Amount of Gold”

“EDITOR’S NOTE: If all you listen to is mainstream financial news, all you’ll hear about are the “fashionable” narratives that, though intriguing, may mean zilch at the end of the day. So, you heard about gold’s plunge in October in contrast to… Continue Reading…

Stocks

“Ford’s sales up 16% in third quarter, despite September decline”

“Ford Motor on Tuesday said its sales in the third quarter increased about 16% compared with a year earlier, despite a larger-than-expected decline in September. The Detroit automaker, which reports sales monthly, said it sold 142,644 vehicles last month, an 8.9%… Continue Reading…

Stocks

“Stocks rally to start October and a new quarter, Dow up more than 600 points”

“…The Dow Jones Industrial Average jumped 681 points higher, or 2.3%. At one point it advanced as much as about 700 points. The S&P 500 rose 2.1%, after falling Friday to its lowest level since November 2020, and the Nasdaq… Continue Reading…