Investing
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Hey, politicians, keep your hands off our Social Security
Here we go again. Christie’s ideas include means-testing Social Security benefits for the very wealthy, and raising the retirement age for those in their 30s or 40s. Neither idea is totally crazy. Neither even need be draconian — at least in principle. But the devil, as usual, will be in the details. We were not…
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This Bud’s for investors. Buy the stock even if Bud Light sales never recover, says analyst.
The summer haze settling over stocks doesn’t look ready to budge Thursday, with the S&P 500 index SPX in the throes of its longest losing streak since May. On the bright side, the index is looking at a 6% gain for the June quarter, whose end is just a few days away. In other corners…
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Gamma Trigger ? setting up nicely
*Sponsored by Lifewater Media I was just noticing that the new idea I sent out to you this morning is extremely close to firing a “Gamma Trigger” move. You can see it pretty clearly in the chart below. This is a powerful technical indicator I use in all of my trading styles. Simply put,…
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Half-point Bank of England hike called a possibility as U.K. inflation comes in hotter than forecast
A half-point interest rate hike from the Bank of England could be on the table after U.K. consumer prices rose a hotter-than-expected 8.7% in May, disappointing economists’ expectations for an ease to 8.4%. Data from the Office for National Statistics released on Wednesday also showed core inflation, which strips out volatile food and energy prices,…
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Alito didn’t disclose luxury fishing trip with hedge-fund titan who won landmark Supreme Court case
Supreme Court Associate Justice Samuel Alito didn’t disclose a luxury fishing trip with a hedge-fund billionaire, according to a report which the justice himself confirmed in an opinion piece defending his actions. ProPublica reported that Alito took a trip on a private plane from hedge-fund magnate Paul Singer of Elliott Management, that would’ve cost $100,000…
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How can you know how much to save for retirement when the goalposts keep moving? Here’s a guide.
When it comes to preparing financially for retirement, Jessica Howard is wise beyond her years. “I absolutely am planning,” said Howard, 27, a Los Angeles-based care manager who schedules medical appointments and home health care for older adults.”“I have a drive to save for retirement because…I see 12 hours a day what can happen when…
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Experts worry a perfect ‘negative equity’ storm is brewing for many car owners; here’s what you can do if you’re caught in it
When Atlanta resident Morgan Nichole Scott financed a used Infiniti QX60 in late summer 2020, car prices were starting to skyrocket. But the single, working mother of four couldn’t delay the purchase because her old car had stopped running. Fast-forward to March 2023, when used-car prices had declined from record highs. Scott visited a dealership…
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The power dynamic between landlords and tenants could change as rent prices slow down in some cities
Renters may still be feeling the sting of skyrocketing price increases from two years ago, but at least those costs are unlikely to worsen this year, according to data from the real estate website Zillow Z, +1.69%. For about a year, typical rent prices have been slowing down nationwide, and May was no exception, according…
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Nasdaq falls for third day as investors focus on Powell testimony
U.S. stocks traded mostly lower on Wednesday for a third day as investors tune into Federal Reserve Chairman Jerome Powell’s semi-annual speech to Congress on the economy and possibly interest rate direction. How are stocks trading? The Dow Jones Industrial Average DJIA, +0.11% was flat, trading at 34,053. The S&P 500 SPX, -0.26% dropped 18…
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FedEx shares are falling, Nio’s are rising and other stocks on the move
Here are some of the biggest movers ahead of Wednesday’s market open: Stock gainers: Shares of Nio Inc. NIO, -0.53% rose 2% after a near 4% gain in Hong Kong as the Chinese electric-vehicle maker unveiled plans for an investment of more than $1 billion from an Abu Dhabi government-backed fund. Source