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Investing

“Coal investments set to rise 10% this year as nations fret over energy security”

June 22, 2022

“Global energy investment is on course to jump by more than 8% in 2022 and hit $2.4 trillion, with a notable uptick for coal supply chains.. According to the IEA’s report, 2021 saw roughly $105 billion invested what it called the… Continue Reading…

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Economy, Stocks

“Dow falls 600 points, tumbling below 30,000 to the lowest level in more than a year”

June 16, 2022

“The Dow Jones Industrial Average tumbled below the key 30,000 level on Thursday as investors worried the Federal Reserve’s more aggressive approach toward inflation would bring the economy into a recession. The Dow had rallied on Wednesday after the Fed… Continue Reading…

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Real Estate

“30-year mortgage rate surges to 6.28%, up from 5.5% just a week ago”

June 15, 2022

“Mortgage rates jumped sharply this week, as fears of a potentially more aggressive rate hike from the Federal Reserve upset financial markets. The average rate on the popular 30-year fixed mortgage rose 10 basis points to 6.28% Tuesday, according to Mortgage News Daily. That… Continue Reading…

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Economy

“The Great Resignation looks set to continue — 1 in 5 say they’ll change jobs in the next year”

May 25, 2022

“The Great Resignation is set to continue, according to a new global survey by PwC, with one in five saying they are likely to switch jobs in the next 12 months. PwC launched its “Global Workforce Hopes and Fears Survey 2022” at the World… Continue Reading…

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Economy

“There’s a 50% to 60% chance of a mild recession next year, former Fed vice chair says”

May 25, 2022

“…“A recession is pretty likely,” Blinder said. However, he added that he foresees any downturn coming next year, as opposed to later in 2022, and that a recession is not an absolute certainty. “I don’t mean 89% probability, but maybe… Continue Reading…

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Investing

“Nearly 40% of investors who pulled money out of markets in the last year regret it”

May 17, 2022

“Many investors who pulled money out of the stock market in the last year now regret their decision. Some 38% of investors said they sold stocks last year due to a current event, according to a study from MagnifyMoney. Of that group,… Continue Reading…

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Economy

“Inflation barreled ahead at 8.3% in April from a year ago, remaining near 40-year highs”

May 12, 2022

“…The consumer price index, a broad-based measure of prices for goods and services, increased 8.3% from a year ago, higher than the Dow Jones estimate for an 8.1% gain. That represented a slight ease from March’s peak but was still close… Continue Reading…

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Economy

“Inflation barreled ahead at 8.3% in April from a year ago, remaining near 40-year highs”

May 11, 2022

“The consumer price index accelerated 8.3% in April, more than the 8.1% estimate and near the highest level in more than 40 years. Core CPI, which excludes food and energy, also was higher than expected, rising 6.2%. Shelter costs, which… Continue Reading…

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Banking

“Bank of England hikes interest rates to 13-year high, sees inflation hitting 10%”

May 5, 2022

“…The Bank’s Monetary Policy Committee approved a 25-basis point increase by a majority of 6-3, taking the base interest rate up to 1%. The Bank said the members in the minority preferred to increase interest rates by 0.5 percentage points… Continue Reading…

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Personal Finance

“…can’t afford to pay the loan… 57-year-old widow with $67K in student loan debt…”

May 4, 2022

“… I’m a military wife, and my husband died on active duty, so I’m now a widow. My student loan is sitting at $67,000. I’m 57 and I can’t afford to pay the loan because I’m on a fixed income…” https://www.marketwatch.com/picks/i-cant-afford-to-pay-the-loan-because-im-on-a-fixed-income-im-a-57-year-old-widow-with-67k-in-student-loan-debt-can-you-help-me-get-rid-of-it-01651010285?siteid=yhoof2… Continue Reading…

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