Opinion: ‘Don’t just sit there, do something.’ The stock market is telling you to make some hard decisions with your money now.

I have always refrained from saying what legendary investor Sir John Templeton considered the four most dangerous words in investing: This time is different.” After months of talking to and reading the words of investment experts trying to find the right way to describe and forecast the US economy and stock market for 2023, I’m … Read more

Mortgage rates tick down ahead of Fed meeting next week

Washington, DC CNN — Mortgage rates fell slightly this week, staying almost flat ahead of the Federal Reserve’s closely watched interest rate-setting meeting next week. The 30-year fixed-rate mortgage averaged 6.13% in the week ending January 26, down from 6.15% the week before, according to data from Freddie Mac released Thursday. A year ago, the … Read more

Americans short on emergency savings amid ‘dangerous scenario’

Suze Orman speaks during AOL’s BUILD Speaker Series at AOL Studios In New York. Jenny Anderson | WireImage | Getty Images An unexpected bill is never convenient. But there are even more reasons now that an unforeseen event — such as a car repair or medical expense — could put Americans on unstable financial footing. … Read more

High egg prices due to a ‘collusive scheme’ by suppliers, group claims

Eggs for sale at elevated prices in New York on Jan 21, 2023. Fatih Aktas/Anadolu Agency via Getty Images) Egg prices soared to historically high levels in 2022 — and one group is alleging the trend is due to something more nefarious than simple economics. Across all egg types, consumers saw average prices jump 60% … Read more

Here’s The Current State Of The Economy And What It Means For The Stock Market

Getty Images Key takeaways Overall inflation for December dropped to 6.5% from 7.1% in November on an annual basis. While this information isn’t exactly worthy of a celebration, it’s a sign that things are moving in the right direction since it shows that the rate hikes are slowing down the economy. Investors look at the … Read more

Retirees fall short on retirement income replacement ratio

Mstudioimages | E+ | Getty Images To maintain your standard of living in retirement, the rule of thumb is that you need to be able to replace at least 70% of the income you had while you were working. But many retirees fall short of that retirement income goal, according to research from Goldman Sachs … Read more

Forget inflation, it’s all about earnings

new york CNN — To everything there is a season and now is the time for earnings. Over the past few weeks investors have been squarely focused on inflation and Fed policy, but now market reactions are getting bigger for earnings (especially the misses) and smaller for economic data. What’s happening: “We expect earnings to … Read more

Opinion: Don’t be fooled, a recession really is coming

Editor’s Note: Lakshman Achuthan and Anirvan Banerji are co-founders of the Economic Cycle Research Institute (ECRI), which determines recession dates for 22 economies around the world. The views expressed in this commentary are their own. View more opinion on CNN. CNN — Recession concerns in the US are widespread these days. Yet, some economists argues … Read more

With gold ending the week above $1,900, analysts turn their focus to $2,000

Welcome to Kitco News’ 2023 Outlook Series. Uncertainty continues to dominate financial markets as central bank monetary policies push the global economy into a recession to cool down inflation. Stay tuned to Kitco News to learn from the experts on how to navigate turbulent financial markets in 2023. (Kitco News) – The gold … Read more

Egg prices have soared 60% in a year. Here’s why.

Inflation eases, but costs of eggs, other groceries still up Inflation eases, but costs of eggs, other groceries still up 00:29 The rising cost of eggs in the US is denting household budgets. Americans in recent years have increased the number of eggs they consume while reducing their intake of beef and venison, according to … Read more