Inflation remains high but improvement is seen. getty Last Thursday, better-than-expected consumer inflation (CPI) data ignited a strong stock rally, with the S&P 500 gaining almost 6% for the week. October CPI was 7.7% year-over-year, which was lower than the 7.9% rate expected and down from the 8.2% pace in September. Consumer Inflation Readings Glenview…
With the exception of the removal of some tariffs on Asian-made solar panels, Biden has kept Trump’s … [+] China policies in place. And has even made them more strict in spots by banning Wall Street from certain investments, and requiring approval from DC to sell computer hardware to China. (Photo by MANDEL NGAN/AFP via…
What many pre-retirees and retirees worry about is having enough money to maintain their current … [+] lifestyle. getty While older workers are finding some organizations open to hiring all-aged workers, many employee cultures remain focused on young talent to the exclusion of more experienced workers. One of the consequences of systemic ageism is that…
The bankruptcy of FTX represents a colossal failure of risk management; and it is primarily a psychological failure. Psychological failures of this sort are avoidable, if investors and managers are willing to learn the lessons of history. Sam Bankman-Fried, founder and chief executive officer of FTX Cryptocurrency Derivatives Exchange, … [+] during an interview on…
| Getty Images Key Takeaways Artificial intelligence impacts every aspect of our lives, from our search engine results to how our products get delivered, photo apps, face ID, and on, and on. There are many opportunities for investing in AI right now as companies worldwide look to capitalize on this technology. Some insurance companies are…
Trends in fintech out of Money 20/20 getty We are well past 2020, but fintech’s iconic conference, M20/20 is still humming with possibility and the future. Coming out of the event, after 100+ conversations, three themes stood out. 1. A search for underserved categories As Adam Nash told me: “in fintech, we’ve handled everything from…
| getty Key Takeaways The durable goods report measures the demand for long-lasting expensive goods. The report can serve as an economic indicator, with rising numbers indicating a strong economy and vice versa. Recent reports have seen an increase in orders for durable goods. Many investors and economists rely on economic indicators and metrics to…
The latest in a number of recession indicators has just begun flashing red. getty While last week’s consumer inflation (CPI) reading may have cracked open the window for avoiding recession, it might be too little and too late as a little-known but powerful recession indicator began flashing red last week. The 10-year Treasury minus 2-year…