Interest rate to double money in 10 years

Share to Twitter Share to Linkedin Topline The stock market moved higher on Tuesday in an attempt to bounce back after six consecutive weeks of heavy losses, as investors digested the latest comments from Federal Reserve Chair Jerome Powell, who pledged to keep raising interest rates until inflation starts “coming down.” Key Facts Stocks widely rebounded, paring back some of the steep losses from last week: The Dow Jones Industrial Average rose 1.3%, over 400 points, while the S&P 500 jumped 2% and the tech-heavy Nasdaq Composite 2.8%. The market broadly moved higher—with ten out of eleven sectors in the S&P 500 posting gains, as shares of technology stocks and financials led Tuesday’s gains. Markets initially moved higher amid a solid retail sales report and news that China could soon be taking steps to ease lockdowns in cities such as Shanghai, with optimism about reopening helping boost prospects for global economic activity. … [Read more...] about Dow Jumps 400 Points After Powell Says Fed ‘Won’t Hesitate’ To Keep Raising Rates To Combat Inflation

There are literally thousands of publicly traded companies you can invest in, not to mention the many ETFs and mutual funds you can buy, so it's not surprising many investors don't know where to begin. While I don't have a crystal ball that tells me what stocks will deliver the best returns, I've tried to do the next best thing here. In this article, I'll discuss 10 stocks that I think could be great buys in 2022 for long-term investors looking to put money to work. Before we get to the stocks you're here for, let's acknowledge three caveats: Choosing the best stocks to buy today heavily depends on your personal financial situation. To get a feel for where you stand, read our guide on how to invest in stocks . It walks you through topics such as establishing an emergency fund, allocating assets, and when it makes sense to buy stocks. I like these stocks for long-term investments. I have absolutely no idea what they'll do over the next few weeks or months. While I ensured … [Read more...] about The Top 10 Stocks to Buy in 2022

Among the stocks hit hard yesterday were those of big automakers. GM ( GM ) and Ford ( F) were given double-downgrades by Wells Fargo auto analyst Colin Langan. The analyst went straight from buy ratings on the stocks to an outright sell, skipping a neutral rating. In his 77-page report, Langan said that the recent spike in raw material prices have “massively changed the economics of the transition to battery electric vehicles." Langan said he believes the spike in raw material prices like nickel has delayed the cost parity between EVs and gas-powered cars by “at least a decade.” He said supply chain pressures will also hurt the automakers’ planned transition to EV production. He noted that 2022 could be a year for “peak profits” for the legacy automakers. Langan also slashed his price targets. He took his target for GM from $74 down to $33, and dropped his Ford target from $24 to $12. GM shares closed down nearly 5% at $35.56, while shares of Ford closed down 3% at … [Read more...] about Automakers’ Double Downgrade

Share to Twitter Share to Linkedin New data has raised a tantalizing possibility: That for the first time, America's uninsured rate will fall below 10%. (If it hasn't already; the most recently reported data was collected three months ago.) The findings come from the Urban Institute's Health Reform Monitoring Survey , a quarterly survey of non-elderly Americans. And as of March 2015, the Urban Institute's survey found that 10.0% of nonelderly adults were uninsured, down from 17.8% in September 2013, before the Affordable Care Act's insurance exchanges first launched. No major survey has ever found that the uninsured rate in America has hit single digits. However, the uninsured rate is already down to 7.5% in states that have expanded Medicaid under Obamacare, Urban researchers concluded. Of course, Urban's data is just one snapshot of the uninsured in America. Different surveys use different questions and methodologies. Some are thought … [Read more...] about Survey: America’s Uninsured Rate Is Down To 10% – And Falling

SLUM COMPLEX = Residents of a small apartment building in Tondo, Manila, do their house chores outside their units. A Philippine household needs to earn more than P12,082 a month to meet its members’ basic needs. (REUTERS FILE PHOTO) MANILA, Philippines — An estimated 10.9 million Filipino families considered themselves “poor” in the first quarter of the year, the latest Social Weather Stations (SWS) survey showed. A survey conducted from April 19 to 27 showed that 43 percent of Filipinos rated themselves as “poor” while 34 percent felt “borderline poor.” Twenty-three percent, meanwhile, considered themselves “not poor,” according to the survey, which was released Wednesday. The SWS said these levels are similar to those in December last year, when 43 percent of families felt “poor,” 39 percent considered themselves as “borderline poor” while 19 percent felt “not poor.” “The estimated numbers of Self-Rated Poor families are 10.9 million in April 2022 and 10.7 … [Read more...] about 10.9M Filipino families felt ‘poor’ in Q1 of 2022 – SWS survey

Mr Teeradet, second from left, is accompanied by Mr Kanchai, the new brand ambassador for TrueOnline campaign, second from right. Fixed broadband provider TrueOnline aims to more than double its subscriber base to 10 million over the next five years, from 4.6 million at present, following a surge in demand for smart home solutions. The fixed broadband business arm of SET-listed True Corporation provides a variety of packages, with internet speeds of up to 2 gigabits per second covering 20 provinces. The operator has recently launched a campaign called True Gigatex Pro Life, which focuses on smart home solutions with comprehensive offers. Teeradet Dumrongbhalasitr, co-president of True Corporation, said the country's fixed broadband market has around 11 million households, or half of the nation's homes. True has a 40% share of the overall market. Half of its subscribers have a service package with 1Gbps speed. "The market now goes beyond just the speed of the internet. … [Read more...] about TrueOnline sets 5-year target

Thailand's Puripol Boonson celebrates winning gold in the men's 100m final at the 31st Southeast Asian Games (SEA Games) at My Dinh National Stadium in Hanoi on May 18, 2022. (AFP photo) Thai teenager Puripol Boonson destroyed the opposition to win the men's 100m in 10.44secs at the SEA Games on Wednesday and grab a sprint double in Hanoi. Kayla Anise Richardson of the Philippines won the women's 100m to add to 200m bronze in the Vietnamese capital. But the night belonged to wonder kid Puripol, 16, who easily beat the rest of the field to silence the almost wholly local crowd at My Dinh stadium. "Before the competition I was under a lot of pressure... but I made it and I'm very glad," he told reporters. The teenager had already made headlines at the regional showpiece after twice breaking the Games record in the 200m, his best time of 20.37secs bringing gold. "My target for this year is that I will try to consistently improve my record and break my own record," Puripol … [Read more...] about Record-breaking Puripol, 16, wins SEA Games sprint double

Datuk Seri Dr Ahmad Zahid Hamidi (Photo by Zahid Izzani/The Edge filepix) - A + A SHAH ALAM (May 18): A former director of Ultra Kirana Sdn Bhd (UKSB) on Wednesday (May 18) told the High Court here that his company was paying cash in Singapore dollars (SGD) on a monthly basis to former deputy prime minister Datuk Seri Dr Ahmad Zahid Hamidi from 2014 to 2018, in relation to the Foreign Visa System (VLN) contract. Harry Lee Vui Khun said the payment to Ahmad Zahid which started with SGD200,000 per month and began in late 2014 was increased to SGD520,000 per month some time in 2017. “If I can recall correctly, the payment of SGD200,000 per month began in late 2014 and continued until mid-2015. Around that time, we went to his (Ahmad Zahid) house in Country Heights, Kajang and in that meeting Datuk Seri Zahid (Ahmad Zahid) requested that the monthly contribution be increased. After discussing with Wan Quoris and David Tan, we agreed to a sum of SGD300,000 per month. … [Read more...] about UKSB director admits giving cash to Ahmad Zahid every month for 4 years

Mr Nosworthy says Kaidee has 14 million visitors a month. Kaidee, an e-marketplace under the UAE-based EMPG, aims to attain profitability in two years by focusing on the growth of the property and automotive segments. The local online marketplace was acquired by EMPG two years ago as that firm looked to expand its e-commerce reach in Asean. "EMPG believed there was a growth opportunity in Asia and Thailand was identified as one of the few countries worth taking a plunge," Mark Nosworthy, chief executive of Kaidee, told the Bangkok Post . EMPG leverages the Kaidee brand and its customer base to create value in two main sectors -- the real estate and automotive fields, which are the strong category segments for EMPG, he said. Mr Nosworthy said there are still challenges in running business in the local market. The internal challenges include adapting to different cultures, different mentalities and localised solutions while the external ones cover the pandemic, the … [Read more...] about Kaidee expects to see profitability within two years

NEW YORK, May 18 (Xinhua) -- U.S. traffic deaths jumped 10.5 percent in 2021 to 42,915, the highest number killed on American roads in a single year since 2005, according to U.S. regulators' preliminary estimate released on Tuesday. The yearly increase is the highest reported since the National Highway Traffic Safety Administration began using its current traffic fatality tracking system in 1975, according to a report published on the Automotive News website. "We face a crisis on America's roadways that we must address together," U.S. Transportation Secretary Pete Buttigieg was quoted as saying. Traffic deaths surged after coronavirus lockdowns ended in 2020 as more drivers engaged in unsafe behavior like speeding and driving under the influence of drugs or alcohol, said the report. Forty-four U.S. states and the District of Columbia all are projected to have an increase in traffic deaths, it added. … [Read more...] about U.S. traffic fatalities up 10.5 pct in 2021 to highest level since 2005: regulators