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The mighty dollar may be about to crack, says this strategist, who offers stocks to watch on either side.

Critical information for the U.S. trading day The Dollar Seems To Be Falling There’s no near-term respite in sight for stocks as a new week begins, with futures tumbling ahead of what many see will be a firm foot by the Fed “on the brake pedal this week.” Technical analysts are warning that markets are …

The mighty dollar may be about to crack, says this strategist, who offers stocks to watch on either side. Read More »

Mortgage rates surpass 6 percent for the first time since 2008

Borrowing costs have doubled in the past nine months as the Federal Reserve has increased interest rates The 30-year fixed-rate average hit 6.02 percent this week, reaching its highest level in 14 years. (Jim Lo Scalzo/EPA-EFE/REX/Shutterstock) Mortgage rates surpassed 6 percent for the first time in 14 years as inflation proved resistant so far to …

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U.S. inflation climbs to new 41-year high of 9.1%, CPI shows, as gas prices surge

Consumer prices rise 1.3% in June A surge in prices drove the cost of a gallon of gas above $5 nationwide for the very first time in June. In some places prices were even higher, contributing to the worst inflation in almost 41 years. JUSTIN SULLIVAN/GETTY IMAGES The numbers: Surging gasoline prices last month drove the …

U.S. inflation climbs to new 41-year high of 9.1%, CPI shows, as gas prices surge Read More »

Dow drops over 700 points as stocks slide on fears higher costs are eroding profits

Target shares tumble after wide earnings miss A Wall Street sign is seen at the New York Stock Exchange (NYSE) on Jan. 4, 2022 in New York City. AFP/GETTY IMAGES U.S. stock indexes were trading sharply lower Wednesday, led by retailers whose quarterly results confirmed higher costs for fuel and wages are eating into profits, …

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Cryptocurrency luna crashes to $0 as UST falls further from dollar peg

Or is this a buying opportunity? The Terra (LUNA -99.42%) blockchain is powered by two cryptocurrencies: Terra and Luna. Terra is a stablecoin tied to the value of fiat currencies. For example, TerraUSD (UST -59.58%) is pegged to the U.S. dollar. And Luna is used to absorb stablecoin price volatility. Earlier this week, TerraUSD lost its peg and the stablecoin saw its price …

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Breaking: Nasdaq drops over 4% as Treasury yields jump

  The Nasdaq Composite slumped 474 points, or 3.7%, Thursday morning, more than taking back the previous session’s sharp rise seen after the Federal Reserve delivered a half-point interest rate increase but signaled it was taking a 75 basis point move off the table. Tech-related shares led the drop for stocks as Treasury yields, which …

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A rough 4 months for stocks: S&P 500 books the worst start to a year since 1939.

The Nasdaq Composite just notched the worst start to a calendar year in its history, dating back to 1971. To say that it has been a perilous stretch for bullish stock investors on Wall Street lately is a bit of an understatement. Marked by stomach-churning volatility and bruising losses in once-popular technology trades, the S&P …

A rough 4 months for stocks: S&P 500 books the worst start to a year since 1939. Read More »

COVID 2.0 WITH A STOCK MARKET CRASH COMING SOON..

U.S. stocks extend selloff as China’s COVID spread adds to Fed rate-hike worries What’s driving the markets? Following the end-of-week meltdown, stocks remained under pressure as fresh COVID lockdowns in China added to worries for already jittery investors. Beijing began testing millions of residents and shutting down business districts and some residential areas on Monday amid a …

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Protecting Your Nest Egg With Precious Metals Inside A Gold IRA

Warrant Buffet’s Firm “Berkshire Hathaway” Invests 564 million dollars worth of Gold. For some investors, gold is a great asset for retirement investing. Gold offers an added edge of diversification, and it’s seen as a hedge against  market volatility. While you can get some exposure to gold in a normal retirement account through stocks or funds, you …

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