Bond Yields Drop as Job Growth Slows
After the April jobs data revealed weaker-than-expected payroll growth and an unexpected tick higher in the unemployment rate, U.S. Treasury rates fell on Friday.
May 06, 2024 4:18 PM EDT
Will Apple Keep Buffett Smiling? Doubts Emerge Over Company's Dominance
Even as late as 2020, four years after his investment colossus began to build a sizable stake in the business that produces iPhones, Warren Buffett of Berkshire Hathaway was still using a flip phone.
Is China's Central Bank Gold-Buying Spree a Precursor for War? Part II of II
The idea of a nation acquiring large gold reserves in preparation for military endeavors is not without historical precedent. Prior to World War I, European powers increased their gold reserves, and a century later, Russia's central bank doubled its gold holdings in the years before its invasion of Ukraine. This same strategic stockpiling of gold could be inferred from China and its pre-war positioning for a Taiwan incursion.
Regulatory Hurdles Remain Despite Cannabis Reclassification
Tuesday afternoon saw a spike in cannabis stocks due to reports that the Biden administration might reclassify the substance as less harmful. T
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Is Your Luxury Bag Real? Rising Superfake Quality Threatens Your Investment
Luxury handbag counterfeiting has taken off on social media. The most recent wave of counterfeit handbags, dubbed "superfakes," resembles the real luxury item remarkably well rather than being poorly constructed knockoffs.
May 03, 2024 3:13 PM EDT
Inflation Bites as Low-Income Shoppers Skip Extras
Several of the most well-known companies in America claim that as prices rise, inflation is pinching their customers.
May 03, 2024 3:12 PM EDT
Is it Time to Invest in Weed? Pot Stocks Rise on Reclassification, But Caution Urged
Cannabis company shares shot up on Tuesday afternoon following the U.S. Marijuana was reclassified by the Department of Justice (DoJ) as a less harmful substance.
May 03, 2024 3:04 PM EDT
Protect Your Wallet: FBI Warns of Rising Elder Fraud Targeting Seniors
According to a recently released FBI report, Americans over 60 were the victims of so-called elder fraud crimes more often last year than any other year, accounting for an estimated $3.4 billion in total reported losses.
May 02, 2024 3:08 PM EDT
Is China's Central Bank Gold-Buying Spree A Precursor for War? Part I of II
Since 2009, China has more than doubled its gold reserves. In wartime, particularly in wars perpetrated in violation of international law, the resulting international sanctions can force an invader state to rely on its gold reserves. Thus if a country is preparing to go to war and incur sanctions, it will ensure it has an ample reserve of gold.
May 02, 2024 3:08 PM EDT
Milei's Radical Approach to Overhauling Argentina's Fiscal Deficit
Javier Milei, the libertarian president of Argentina, is intensifying his efforts to reduce the nation's large budget deficit by focusing more on "chainsaw" expenditure cutbacks and "blender" austerity measures that reduce buying power and, he believes, curb out-of-control inflation.
May 02, 2024 3:08 PM EDT
JPMorgan Predicts No Rate Cuts, Potentially Boosting Returns
JPMorgan Chase & Co. President Daniel Pinto suggested that the Federal Reserve might not cut interest rates at all this year due to persistently high inflation.
May 02, 2024 2:59 PM EDT
Can Small Businesses Survive Without TikTok?
As the TikTok ban approaches in the United States, millions of usersâ ncluding owners of small businesses are frantically trying to decide what to do.
Apr 29, 2024 7:50 PM EDT
Is Newark the New Brooklyn? Signs of a City in Transformation
Over the past year, a number of significant development projects have been approved in Newark, where there is a surge in construction that mostly consists of new housing.
Apr 29, 2024 7:37 PM EDT
Big Changes for US Workers: Overtime Pay, Non-Compete Restrictions Explained
This week, the federal government took two steps that could have far-reaching effects for millions of American workers.
Apr 26, 2024 1:34 PM EDT
Costco's Gold Bars Part II: From Africa to the Alps to You
So where exactly does that shiny new "999.9 fine gold minted" bar from Costco come from? Under that "Essayeur Fondeur" Swiss authenticity stamp lies a long, bloody trail of death and tears.
Apr 26, 2024 1:26 PM EDT
Elon Musk's Promise of Affordable EVs Sends Tesla Shares Skyrocketing
Following CEO Elon Musk's announcement that the electric car business intends to start producing new, reasonably priced EV models by early 2025, Tesla shares finished up 12% on Wednesday.
Apr 26, 2024 1:24 PM EDT
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