Author: Press Room

The numbers: Consumer prices rose a scant 0.1% in March largely because of lower energy costs, but U.S. inflation more broadly was still high and showed little sign of quickly subsiding. Economists polled by the Wall Street Journal had forecast a 0.2% increase in the consumer price index. It was the smallest uptick in three months. The yearly… Read the full article here

© Reuters By Yasin Ebrahim Investing.com — The S&P 500 cut losses Monday as a surge in chip stocks helped offset an Apple-infused stumble in big tech and jitters about further Federal Reserve tightening following a strong March jobs report. The was up 0.1%, the added 0.3%, or 101 points, and the ended flat after falling more than 1% intraday.  Apple personal computer shipments declined by 40.5% in the first quarter, according to market research firm IDC, impacted by weak demand and high inventory. Apple Inc (NASDAQ:) fell more than 1%, with Alphabet Inc (NASDAQ:) and Microsoft Corporation (NASDAQ:) also…

ISTANBUL (Reuters) – Iraq has petitioned a U.S. federal court to enforce an arbitration award against Turkey related to Iraqi oil exports through a pipeline to a Turkish port, according to documents filed with the court. Under last month’s International Chamber of Commerce (ICC) arbitration ruling, Iraq was awarded damages in a case in which Baghdad accused Ankara of allowing the Kurdish Regional Government (KRG) to export oil without Baghdad’s consent between 2014-2018. The petition, filed with the U.S. District Court of the District of Columbia, requested from the court, “Recognizing, Confirming, and Enforcing the Final Award issued by the…

By Jamie McGeever ORLANDO, Florida (Reuters) – Hedge funds started the second quarter positioning for a steeper U.S. yield curve by offloading 10-year U.S. Treasuries futures at one of the fastest rates on record. Commodity Futures Trading Commission (CFTC) data for the week ending April 4 offer the first insight into how funds are emerging from the historic volatility in March sparked by U.S. and Swiss bank collapses earlier in the month. In one way, betting on a steeper 2s/10s yield curve indicates funds are hoping the trend of recent weeks continues – the curve steepened around 33 basis points…

Recap from February’s Picks On a price return basis, the Dividend Growth Stocks Model Portfolio (-4.7%) underperformed the S&P 500 (+0.1%) by 4.8% from February 28, 2023 through March 27, 2023. On a total return basis, the Model Portfolio (-4.5%) underperformed the S&P 500 (+0.4%) by 4.9% over the same time. The best performing stock was up 5%. Overall, nine out of 30 Dividend Growth stocks outperformed their respective benchmarks (S&P 500 and Russell 2000) from February 28, 2023 through March 27, 2023. The methodology for this model portfolio mimics an “All Cap Blend” style with a focus on dividend…

Topline Bacon, gas and health insurance are some of the biggest driving factors behind slowing inflation in the U.S., according to Labor Department inflation data released Wednesday morning. Key Facts Consumer prices rose 5% in the 12-month period ending in March, cooling to its lowest annualized increase since May 2021 and coming in below economist projections. Declining energy prices were the greatest contributor to the inflation slowdown, as energy prices slipped 6.4% as a whole from March 2022 to last month and gas dropped some 17.4% during the period. Consumers also benefited from a decline in the cost of other…

With tax season here and taxes due April 18th, what is the best plan of attack for last-minute tax filers? I reached out to Best Selling Author, Rich Dad Advisor® & International Authority on Tax Tom Wheelwright,CPA to share his best advice for last-minute tax filing. 1. Don’t rush. Yes, the April 18 deadline is approaching fast, and for those who have waited until the last minute, it can be a stressful time. Resist the urge to rush through the process. A hurried approach often leads to costly errors. Instead, follow the steps below carefully. If you feel yourself getting…

“Risk” is a something of a loaded word, having a somewhat negative implication. Most people only focus on the downside risk, and when we hear about “risky” investments it is typically in reference to penny stocks, cryptocurrencies, and other speculative instruments. The accepted meaning of “risk” in financial jargon, however, is typically to convey standard deviation, which encompasses both potential underperformance and outperformance relative to a mean expectation for investment return. After all, risk can lead to both losses and gains, otherwise no reasonable investor would ever take on any risk. If you are even casually familiar with the Capital…

Inflation showed welcome signs of cooling in March as the cost of gasoline declined, but core prices pointed to strong underlying price pressures that are still bubbling beneath the surface. The Labor Department said Wednesday that the consumer price index, a broad measure of the price for everyday goods including gasoline, groceries and rents, rose 0.1% in March from the previous month, down from 0.4% in February. Prices climbed 5% on an annual basis, down sharply from February’s 6% increase and the smallest rise in nearly two years.Those figures were both lower than forecasts by Refinitiv economists.  Still, inflation remains…

Most U.S. adults in a survey say they have little confidence that Chinese President Xi Jinping will “do the right thing regarding world affairs,” according to the poll by the Pew Research Center released Wednesday.Despite that pessimism, more than half of people in the U.S. said the two countries can work together on trade and economic policy, the survey found.The study, covering more than 3,500 U.S. adults between March 20 and 26, comes as U.S.-China tensions escalate to the point of limited bilateral interaction. Exerting pressure on Beijing is one of the few topics with strong bipartisan support in the…