Boston Federal Reserve Bank President Eric Rosengren on Monday signaled no willingness to support further interest rate cuts, saying that U.S. economic conditions are still good and that easing policy could encourage a worrying debt build-up.
Stocks were the most popular investment in America last year. But this year, real estate is winning out. And cryptocurrency is growing in popularity as well.
According to a July 2019 nationwide survey from Bankrate, real estate is the most popular long-term investment across all age groups. Thirty-one percent of respondents selected real estate, up from 22% in 2018. Stocks dropped in popularity by nearly 40%.
And investing in bitcoin and other cryptocurrencies has doubled in popularity since last year – from 2% to 4%. The increased popularity of real estate and crypto investments is being driven by young investors.
In the 2019 …read more […]
Saudi Aramco has formally asked major banks to submit proposals for potential roles in its planned initial public offering, two sources with direct knowledge of the matter said.
I warned ya!
I said last week that pot stock investors were going to have to run the gauntlet. And true to form… it was a brutal one.
Our High Five all reported earnings. And the list comprised some very notable names in the industry: Canopy Growth Corp. (NYSE: CGC), Greenlane Holdings (Nasdaq: GNLN), Neptune Wellness Solutions (Nasdaq: NEPT), Tilray (Nasdaq: TLRY) and Village Farms International (Nasdaq: VFF).
Unfortunately, the companies left very little to cheer about…
It was nearly across-the-board misses. And the Horizons Marijuana Life Sciences Index ETF (OTC: HMLSF) was dragged down more than 6% for the week.
The hardest hit of …read more […]
U.S. stocks surged on Monday, building on previous session’s rally, fueled by growing hopes that major economies would act to prop up slowing growth, while technology stocks got a lift from trade optimism.
Oil prices were up more than 1% on Monday after a weekend attack on a Saudi oil facility by Yemen’s Houthi forces and as traders looked for signs that top economies would take measures to counteract a global slowdown.
General Electric Co intensified its defense of accounting practices on Monday after investors questioned it about an unusual research report alleging GE failed to put aside money to cover $29 billion in potential insurance losses and improperly counted profit from subsidiary Baker Hughes.
Companies should focus on social responsibilities as well as profits, the Business Roundtable, a group of corporate chief executives that includes the head of the largest U.S. bank and the CEO of the world’s largest airline, said on Monday.
General Electric Co further defended itself on Monday against fraud investigators who said last week the Boston-based conglomerate had failed to put aside money to cover $29 billion in potential insurance losses and had improperly counted profit from subsidiary Baker Hughes as its own.
Some people spend every penny they make and live paycheck to paycheck, even as their incomes rise. But there is a growing belief that they are not responsible for their own financial woes.
Today, Alexander Green explains why the key to wealth creation is responsibility.
As I boarded a plane in New York last week, I noticed the man in front of me was wearing a veterans T-shirt.
On the back it said “It’s not that I could and others couldn’t. It’s that I did and others didn’t.”
Rarely has so much been said with so few words.
That slogan, in fact, can illuminate large …read more […]
U.S. stocks surged on Monday, building on previous session’s rally, fueled by growing hopes that major economies would act to prop up slowing growth, while technology stocks got a lift from trade optimism.
U.S. Commerce Secretary Wilbur Ross said on Monday the U.S. government will extend a reprieve given to Huawei Technologies that permits the Chinese firm to buy supplies from U.S. companies so that it can service existing customers, even as nearly 50 of its units were being added to a U.S. economic blacklist.
U.S. stocks surged on Monday on growing hopes that major economies would act to stymie the slowing economic effects of escalating global trade tensions, while technology stocks rose led by a nearly 3% gain in Apple’s shares.
Crude oil prices rose on Monday following a weekend attack on a Saudi oil facility by Yemen’s Houthi forces and as traders looked for signs of progress in U.S.-China trade negotiations.
Europe’s two biggest suppliers of pipeline gas, Norway’s Equinor and Russia’s Gazprom, have lost market share for the first time in at least four years amid a tripling in liquefied natural gas (LNG) imports into the region over the past 10 months.
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