‘One of the worst money mistakes’: This Harvard-educated economist says retiring early is a decision you’ll ‘regret’ – here are 3 big problems with hanging up in your 50s Take early retirement? As the old saying goes, it’s a good job if you can get it. But as a respected Harvard economist notes, too many …
We find a good place to go rubbernecking. By Wolf Richter for WOLF STREET. A collapse chart has been making the rounds on social media, financial blogs and more. It’s distributed without context, like it’s self-explanatory, kind of like, look, the world is falling apart. It’s from the St. Louis Fed data repository. The title …
How big are the Fed’s losses and where can we go to see them? Read More »
Gas prices are displayed at an Exxon gas station on July 29, 2022 in Houston, Texas. Exxon and Chevron posted record profits in the second quarter of 2022 as energy stocks have weakened in recent months. Brandon Bell | Getty Images On Friday, two Democratic lawmakers accused the largest oil companies in the United States …
Democratic lawmakers accuse big oil companies of ‘greenwashing’ Read More »
BlackRock’s best minds seem worried. Investment strategists at the world’s largest asset manager have warned of a coming recession, stubborn inflation and a new era that won’t be so kind to investors in their Global outlook 2023 released this week. “The Great Moderation, the period of four decades of largely stable activity and inflation, is …
Last Friday’s strong payroll data sparked a lot of discussion about the current labor situation. Often oversimplified and devoid of context, it has created a somewhat misleading image. I have a few thoughts that I’ve been thinking about that will hopefully provide some of the missing context. The labor market presents challenges for investors. Take …
Why aren’t there enough workers? – The Big Picture Read More »
The U.S. Department of Commerce (DOC) has determined that four of the eight Chinese solar companies it investigates are “attempting to circumvent U.S. duties by performing minor processing in one of the Southeast Asian countries before shipping in the USA”. Here’s what that means for the US solar industry. December 5 update: One of the …
The U.S. Department of Commerce (DOC) has determined that four of the eight Chinese solar companies it investigates are “attempting to circumvent U.S. duties by performing minor processing in one of the Southeast Asian countries before shipping in the USA”. Here’s what that means for the US solar industry. The DOC found that the four …
Shocking layoff news overshadows a bright labor market. Within weeks, massive layoffs, mostly in tech, including at Twitter, Meta, Amazon, Salesforce, HP, Lyft, Doordash and more, grabbed headlines. More than 50,000 tech workers lost their jobs in November, compared to 12,600 in October, according to Layoffs.fyi. To be clear, overall layoffs remain historically low. Throughout …
New York CNN Business — When Christine Martinez found out last month that Kroger and Albertsons were planning to merge in a deal worth nearly $25 billion, she thought, “here we go again.” Martinez lost her job as a pharmacy technician following an earlier supermarket mega-merger: Albertsons’ $9 billion combination with Safeway in 2014. That …
There’s a big problem with the Kroger-Albertsons supermarket merger | CNN Business Read More »
A trader stands outside the New York Stock Exchange. Shares fell on Monday, returning some of the huge gains made last week. Marie Altaffer/AP hide caption toggle caption Marie Altaffer/AP A trader stands outside the New York Stock Exchange. Shares fell on Monday, returning some of the huge gains made last week. Marie Altaffer/AP NEW …
Wall Street slips, giving back some of last week’s big gains Read More »
