Author: Press Room
OPEC showed it still matters in oil markets this past week, pushing crude prices up more than 5% by announcing a one million barrel-a-day output cut. Its core Middle Eastern members increasingly count in equity markets, too. Saudi Arabia entered MSCI’s global emerging market indexes in June 2019. Since then, the iShares MSCI Saudi Arabia exchange-traded fund (ticker: KSA) has gained 20% while global emerging markets are flat. That’s not just about oil. Six of the top 10 Saudi stocks are banks, which benefit from a large base of zero-interest deposits thanks to Islamic Sharia law. Most of their assets…
As the pandemic has faded, so has the dominance of many sectors that surged during lockdowns, from streaming to grocery delivery. Now comes the latest victim: skin care. For the first time since 2020, teenagers are spending more on cosmetics than on skin care, according to Piper Sandler ‘s semiannual “Taking Stock With Teens” survey. According to the report, teen women said they are spending about $123 a year in makeup, compared with $119 in skin care. A year ago, teenagers were spending more on skin care than makeup, at $107 and $93, respectively. Makeup spending decelerated across all age…
My husband and I have three wonderful college-aged kids and have always gotten by on our own, despite major life struggles. We have saved $500,000 for retirement, but have only managed to pay off $200,000 of our home. Five years ago, my wealthy father offered to help with our children’s education, which was a pleasant surprise. He retired with approximately $8 million to $10 million, which includes his real-estate and property portfolios. His home and cars are paid outright. He had asked if we would like help now or in five years when his land investment matured. He seemed to…
While the stress in the banking sector made it hard to know what was the appropriate interest-rate policy, another one-quarter-percent rate hike seemed reasonable, Boston Fed President Susan Collins said Thursday. “I currently anticipate some modest additional policy tightening and then holding through the end of this year,” Collins said, in a speech to a National Association for Business Economics conference. Collins’ position matches the median forecast of Fed officials in their latest economic projections released last week. Collins said this forecast on one rate hike and then steady rates until 2024 “reasonably balances the risk of monetary policy not…
© Reuters. FILE PHOTO: A logo of Airbus is seen at the entrance of its factory in Blagnac near Toulouse, France, July 2, 2020. REUTERS/Benoit Tessier//File Photo By Tim Hepher PARIS (Reuters) -Airbus deliveries fell by 11% on an industrial basis to 127 jets in the first quarter, underscoring the pressure on global supply chains and paving the way for a 12-week sprint to steady the trajectory by mid-year, industry sources said. Deliveries were down 11% from 142 physical deliveries in the same period last year, or down 9% compared with an adjusted year-ago total of 140. Airbus last year…
By Barani Krishnan Investing.com — “It never rains but it pours,” is the saying. After small but steady daily gains that came like the pitter-patter of rain, it’s just pouring now in gold land. Both futures of the yellow metal on New York’s Comex and bullion traded on the spot gold market jumped about 2% Tuesday — their most in nearly two weeks — burrowing deeper into $2,000 territory, with the view of possibly setting new record highs in days. Gold’s latest run-up after a one-week hiatus to a four-week rally is “a sign that traders are not budging from…
By Ambar Warrick Investing.com — Most Asian currencies moved little on Friday as the dollar weakened on signs of a softening labor market, with focus now turning squarely to a reading on the Federal Reserve’s preferred inflation gauge later in the day. Still, most Asian currencies were trading higher for the first quarter of 2023, as fears of a banking crisis decimated the dollar and spurred bets that the will taper its hawkish stance. The greenback was down 1% over the past three months. Regional currencies took few cues from mixed Chinese business activity data, which showed that while activity…
By John McCrank NEW YORK (Reuters) – Assets in money market funds have soared to record levels, drawing investors with their safe-haven appeal and yields that far exceed those paid on bank deposits. The funds are traditionally considered low-risk and liquid as they invest in high-quality assets, including short-term Treasuries. Yet funds that rely on U.S. government debt could be a potential – though so far, unlikely – trouble spot if lawmakers are unable to hammer out a deal on raising the nation’s borrowing limit, setting the stage for a default. HOW BIG ARE MONEY MARKET FUNDS? Assets under management…
The recommended stocks have been selected from the Cycles Research Long-Short Equity Report. This strategy selects stocks based upon cycles and relative strength. The stocks featured below were derived from this screen. The stocks also show technical strength and have entered favorable phases in weekly price cycles. Snap-on SNA manufactures and markets tools, equipment, diagnostics, and repair information and systems solutions. The share price has sold off into the cycle sell date below. Over the last year all 12 buy and sell signals have been profitable. The stock has been trading in a range since May of 2021. Relative strength…
Aging solo is about those individuals who are widowed or not married, live alone, and have no family or none they can count on. They are going through the last years of their lives on their own. It can be just fine until one’s health declines and the usual activities and access to friends get out of reach. According to the U.S. Census Bureau Nearly one-third of all seniors live by themselves. That’s close to 14 million seniors aging alone. Some of them do not have children, nor any particular person to take care of them, should they need help…
