Buck Bully
[Bloomberg, Getty Images] The world is having serious doubts about the once widely accepted presumption of American exceptionalism. The era of the U.S. dollar’s “exorbitant privilege” as the world’s primary reserve currency is coming to an end. Then French Finance Minister Valery Giscard d’Estaing coined that phrase in the 1960s largely […]
[CNBC] “I love a nice, clean story as much as the next guy, but confusing situations like Salesforce and Costco … often make for the best long-term opportunities,” CNBC’s Jim Cramer said. “And in both cases, history tells me that you’ve gotta buy them when they’re weak,” he said. Salesforce and Costco both […]
[DailyFX] President Trump Press Conference on Rising China Tension Weighs on US Dollar, Nasdaq, Yuan President Trump formally announces the United States will revoke Hong Kong’s preferential treatment amid escalating China tension US Dollar drifted lower as the Chinese Yuan rebounded and pushed USD/CNH price action 300-pips lower from intraday highs despite Trump’s […]
[CNET] Dead ends, form issues, holdups: Do you meet the requirements for a stimulus payment, but you’re still waiting on your check from the IRS? One of these reasons could explain why it hasn’t shown up. For the most up-to-date news and information about the coronavirus pandemic, visit the WHO website. […]
[CNBC] With record unemployment, pay cuts, a turbulent market and an ever-widening gap between the haves and the have nots, money is at the forefront of people’s minds more than ever. But how important is money to happiness? The answer is complicated. Research has long looked at how money affects happiness, which in […]
[Business Insider] There’s speculation about the possibility of the Federal Reserve implementing negative interest rates in response to the coronavirus. Negative interest rates would result in lenders paying you when you take out a loan, and you’d pay a fee to keep money in banks. Both of these results would […]
[MarketWatch, Getty Images/iStockphoto] Too much flexibility is dangerous, Jack Bogle warned In light of the continuing pandemic, Congress has temporarily changed the rules on hardship withdrawals from your 401(k). It’s easier to take money out penalty-free, up to $100,000, and you can pay it back and avoid the tax hit. […]
[CNBC, Getty Images] Dow Jones Industrial Average falls 390 points The Dow slid 390.51 points, or 1.59%, to 24,206.86. The S&P 500 fell.1.05% to close at 2,922.94. The Nasdaq Composite advanced 0.54% to 9,185.10. Wall Street took a breather on Tuesday following a massive rally in the previous session. Mnuchin, Powell testify Investors turned their attention to Washington […]
[MarketWatch, Getty Images] Why one strategist sees Dow 30,000 next year and 40,000 by 2023 An upbeat Monday has become something of a collector’s item in recent months, but a wave of positivity swept across stocks to start the week. Federal Reserve Chairman Jerome Powell sent U.S. stocks higher on Monday after […]
[USA Today, Getty Images] My employer just cut our 401k match completely. They used to match 100% of our first 6%, but now they’re contributing absolutely nothing. I keep telling my wife that if they’re not gonna match, we shouldn’t put any money in either. Can you help me to […]