Ronald Reagan’s budget chief David Stockman says the stock market could fall in value by half if a recession kicks in, calling the current market levels “crazy.” The expansion is getting too long, Stockman warns, and there is little behind President Trump’s economic policies to fend off disaster. “I call this a daredevil market. It’s […]
Growing old is a privilege, but to do so in prosperity requires some forward planning. Without proper retirement planning you could fall prey to what financial planners call “longevity risk” — outliving your retirement fund. This means more than just sorting out your contributions to an pension but making a full plan for retiring in […]
The increase in volatility since the end of January has caused some concerns for investors. It has also presented some buying opportunities as well. The main reason for the volatility is the ongoing trade negotiations and the possible trade war. The threat of tariffs from the U.S. and retaliatory tariffs from other countries has taken a […]
Those who purchased stock in Microsoft in the early days, when Bill Gates was introducing the personal computer operating system that would eventually dominate the market, saw the price of the stock rise astronomically from 37 cents in 1987 to $45 in 2000. After 2000, Microsoft stock followed a normal path for companies that have […]
Mad Money’s Jim Cramer doesn’t believe that Friday’s jobs report represents the true strength of the United States economy. He thinks things are going even better than the numbers suggest. Non-farm payrolls were up 223,000 versus estimates of 188,000. The unemployment rate fell to an 18-year low of 3.8 percent instead of holding steady at 3.9 […]
Egyptian billionaire Naguib Sawiris, a member of the Forbes 2018 global list of billionaires, says that he is investing half of his $5.7 billion fortune in gold. Sawiris says that the world is struggling in the midst of multiple global crises. He sees gold as a safe-haven investment that continues to be strong as ever. […]
Swiss bank UBS released a report warning that even a moderate rise in oil prices could trigger an US. recession — with huge political and economic impacts. Higher oil prices could cause increases in global inflation and stunt industrial growth, the bank warns. All it would take is for the barrel price of oil to […]
Noted economist and longtime stock bull Jeremy Siegel is urging caution in the waning bull market. Siegel, finance professor at the Wharton School and author of Stocks for the Long Run, correctly predicted the Dow Jones Industrials would hit 24,000. In late 2017, Siegel also correctly predicted the Dow hitting 20,000. The Dow at this […]
Oil giant BP is investing $20 million in Israeli startup tech company StoreDot in a bid to revolutionize electric car batteries. StoreDot is currently developing rapidly-charging electric batteries with the potential to fully charge in mere minutes. Tufan Erginbilgic, chief executive of BP’s downstream business, stressed BP’s commitment to innovating electric battery charging. “Ultra-fast charging is […]
Nobel Prize-winning economist and Yale professor Robert Shiller, known calling previous stock and housing crashes, now believes that the U.S. stock market is “overpriced.” Yet this does not mean that he is completely writing off the current bull market — for now. Shiller’s reasoning is something that he calls the “Trump effect.” That is, President […]
