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Looks like the Inflation Grinch plans to stay. Buckle up, America
November’s PPI month-over-month beats estimates. FOX Business’ Cheryl Casone with more. If you’re suffering from inflation this holiday season, you’re not alone. Businesses are also crushed. Over the past 12 months, prices paid by businesses have risen 7.4%, according to the latest data from the Producer Price Index (PPI), used to measure “wholesale inflation”. Both …
Looks like the Inflation Grinch plans to stay. Buckle up, America Read More »
How long can the market stay like this? Maybe years or decades (SP500)
Parradee Kitsirikul By Rob Isbitts I thought of telling this “story” through technical charts: support and resistance levels, trading ranges, historically very overvalued technical indicators, etc. But there’s plenty of time for that in future articles. Instead, here’s another way to communicate the same conclusion: Future stock returns could disappoint many investors for years to …
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Cramer’s Week Ahead: Markets Need a Strong Labor Market and Tamed Inflation to Stay Up
On Friday, CNBC’s Jim Cramer told investors that stocks could have another good week of trading, given the good economic conditions. “As the year draws to a close, vacations will become more and more of a priority. Right now the outlook is murky – too much cross-currents. But if the labor market remains strong and …
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The transitory discourse on inflation is back. But economists say higher prices are here to stay
Fruit and vegetable prices are displayed at a store in Brooklyn, New York, March 29, 2022. andrew kelly | Reuters Global markets have been encouraged in recent weeks by data indicating that inflation may have peaked, but economists are warning of a return to the “transitional” inflation narrative. Stocks rebounded when the U.S. Consumer Price …
China COVID cases weigh on Wall St; Disney jumps
Disney aware of Iger’s return as CEO S&P 500 energy index leads sector declines Grindr slips after blowing up in debut Tesla down on vehicle recall, China COVID concerns Dow up 0.01%, S&P 500 down 0.34%, Nasdaq down 1.05% Nov 21 (Reuters) – Wall Street’s major indexes started the week roughly lower on China, saying …
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As Job Seeker Market Lingers, West Michigan Employers Raise Wages to Stay Competitive
gRand Rapids-area employers have raised wages an average of 5.2% this year, an amount that exceeds historic norms as companies adjust wages to attract and retain people in an extremely tight labor market. The wage increases for 2022 compare to the average wage increases of 4.4% granted by employers in the region in 2021 across …
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Stock buybacks are here to stay
During the 12 months ending June 30, S&P 500 companies have spent a record $1 trillion buying back their own stocks, according to the S&P Dow Jones Indices. But in January, a new 1% tax on buyouts could dampen the appetite of American businesses. S&P Dow Jones estimates the tax would cut corporate profits by …
New retirees will face financial surprises. Advisors explain how to stay ahead of these shocks
Retirement is a major goal that many workers watch for throughout their careers. However, once people reach retirement age, they are often in store for financial surprises, despite decades of preparation. For today’s retirees, this is compounded by new uncertainties brought by historically high inflation and recent stock market turmoil. Ideally, those retiring already have …