72 The latest reading of the New York City Recovery Index out of a possible score of 100. New York City’s economic recovery index experienced a slight increase the week of Sept. 18, rising from an overall score of 71 to 72 after falling by as much as six points the week before. A partial
People shop in a supermarket as inflation affected consumer prices in New York City, June 10, 2022. Andrew Kelly | Reuters Inflation may finally be cooling, thanks to falling gasoline prices and fading supply chain issues. Economists expect July’s consumer price index rose 0.2%, down from 1.3% in June, according to Dow Jones. Year-over-year, the
The search for multibagger high-growth stocks is still on, despite what has been a rough year for this grouping in 2022. Indeed, investors have gravitated toward value, rotating out of higher-growth equities at a rapid clip. This rotation appears to still be underway, with many companies in the higher-valuation camp seeing continued selling pressure. For
For security, individuals, large organizations, and even nations will keep some of their surplus reserves in gold and foreign currencies. The U.S. dollar remains the primary and most trusted reserve currency, but the Swiss franc has also emerged as one of the best alternatives. This article explores why the Swiss franc is a good investment.
Source: InvestorPlace [Editor’s note: “The ‘Fave Five’ Space Stocks to Buy on the Dip” was previously published in March 2021. It has since been updated to include the most relevant information available.] This year, until recently, Treasury yields were rising. Stocks were falling, and hypergrowth stocks with rich valuations were getting the worst of it.
Many retail investors shun the bond market because it does not offer the same level of potential upside as the stock market. While the bond market is different from the stock market, it should not be ignored. It is comparable in size to the stock market and has enormous depth. Triumph Of The Optimists: 101
Editor’s note: Below you’ll find the week 100 release of the NYC Recovery Index, originally published August 2, 2022. Visit the NYC Recovery index homepage for the latest data. New York City’s economy continued to recover modestly during the week ending July 23, with the index score rising to 73 out of 100 points, following
China’s economic growth and the modernization of its institutions from purely socialistic in nature to ones with traits of market economies, has been a successful endeavor. The reforms have touched upon all institutions and all forms of life throughout the country. The Chinese banking system is a part of those reforms and is in the
The largest U.S.-listed exchange-traded fund (ETF) that’s focused on real estate investment trusts, or REITs, is the Vanguard Real Estate ETF (NYSEARCA:VNQ), with $38.2 billion in total net assets. Down 14% year-t0-date through Aug. 8, there are plenty of cheap REITs to buy among its 170 real estate stocks. But which ones should you focus
A view of the Norwegian Encore cruise ship during its inaugural sailing from PortMiami, which took place from Nov. 21-24, 2019. Orlando Sentinel | Tribune News Service | Getty Images Check out the companies making headlines in midday trading. Norwegian Cruise Line — Shares sank nearly 12% on Tuesday after the company reported second-quarter results
Since the end of July, Shopify (NYSE:SHOP) stock has been trending higher. With this uptick, you may think that SHOP stock has already bottomed out and is ready to make a real recovery. Yet far from the start of a rebound, what’s played out with shares in the e-commerce software company can be best described
Kentucky storm and flooding victims have until Nov. 15, 2022, to file for certain tax relief according to the Internal Revenue Service (IRS) as of Aug. 2, 2022. Relief is available when filing certain individual and business tax returns and making tax payments the agency says. The just-announced relief postpones certain tax filing and payment
In a December 2021 column, I pointed out that fears of the coronavirus were starting to ease sharply. In light of the latter development and the fact that the pandemic had made many Americans much more aware of the dangers of obesity, I wrote that “fitness stocks, particularly those that cater to exercise outside of
The 30-year mortgage average dropped an eighth of a percentage point Monday, extending a volatile pattern of rising and falling in big movements for the last four days. Today’s National Mortgage Rate Averages For a fourth day, 30-year mortgage rates have seesawed wildly. The flagship average dropped 12 basis points Monday, after up and down
Although the general rule of thumb is to avoid equities with heavy short interest, the new normal has brought with it new paradigms. One of these fresh approaches urges speculators to acquire short-squeeze stocks in an effort to move the equities higher, forcing the bears to cover their short positions. Of course, short covering raises
Shares in graphics chipmaker NVIDIA Corporation (NVDA) plunged Monday and continued its drop on Tuesday after the company said it expects revenue to come in significantly below its earlier estimate, primarily due to weaker gaming sales. The Santa Clara, California-based chipmaker released preliminary second quarter (Q2) earnings yesterday, showing revenue reaching $6.7 billion, well below
Source: petrmalinak / Shutterstock Just two days ago, the U.S. Senate passed a landmark piece of legislation. And it sets the stage for a particular group of stocks to soar 75X over the next several years. Yep. You read that right. It’s not a typo. Thanks to the Senate’s recent move, a certain group of
Buying high-quality blue-chip stocks in a bear market could be a solid path to generating lucrative long-term returns. Blue-chip stocks are typically large-cap businesses in the mature stage of their business cycle. They boast solid business models, strong balance sheets, and positive free cash flow, which allow them to make significant dividend payments. Therefore, blue-chip
Nasdaq Inc. (NDAQ) is a global technology company providing data, analytics, software, and services to the capital markets industry. The company is best known as the operator of the Nasdaq Stock Market, the largest single venue of liquidity for trading U.S.-listed cash equities. At the end of 2020, a total of 3,392 companies traded shares
The financial sector is comprised of companies that offer services including loans, savings, insurance, payment services, and money management for individuals and firms. Financial sector stocks include a wide range of companies involved in retail and commercial banking, accounting, insurance, asset management, credit cards, and brokerage. Well-known companies in the sector include Wells Fargo Co. (WFC), Goldman