Share to Twitter Share to Linkedin As the bleed-out in stocks continues, the bearish mood sweeps Wall Street. Last week, Morgan Stanley MS reiterated their earnings recession call. They predict stocks are in for another haircut because the market overshot with earnings projections. And then there’s an issue of rising real yields. Real yields are also the reason Goldman Sachs trimmed their year-end forecast for the S&P 500 from 4,300 to 3,600 and called equities “underweight.” Meanwhile, Blackrock went as far as to advise its clients to “shun most stocks.” Why are real yields so important that they scared most of Wall Street into the fetal position? From “TINA” to “TARA” There are two main asset classes that fight for a place in each portfolio: stocks and bonds. As a rule, bonds are a safer investment that gives investors a steady income with a relatively low risk. The catch is that investment-grade bonds pay out little and don’t … [Read more...] about Stock Market Enters Dangerous ‘TARA’ Regime
When you’re buying gifts for the holiday season or another special occasion, you have no shortage of options. For one thing, ecommerce makes it easier than ever to have presents delivered from around the world. However, except for some collectibles, not many gifts have a chance of growing in value. If you’re looking for a gift with longer-term financial benefits, you might choose to give someone an investment asset like an exchange-traded fund (ETF) . Rather than representing a stake in a particular company like a stock or a specific debt instrument like a bond , an ETF is a pooled security, comprising a basket of different investments. When you give an ETF as a gift, this means that your recipient becomes an investor in a slice of the financial markets. With funds available that track almost any area of the market or type of asset you can think of—from broad stock indexes to niche segments, from commodities to bonds—there are many ETFs that you could consider giving as a … [Read more...] about How to Give an Exchange-Traded Fund (ETF) as a Gift
The Rural Energy for America Program (REAP) encourages the transition to renewable energy sources in rural and agricultural areas. Created by the Agriculture Improvement Act of 2018, REAP offers grants and guaranteed loans for developing clean energy systems and installing energy-efficient infrastructure such as lighting, insulation, cooling, and more. Key Takeways The Rural Energy for America Program (REAP) offers grants and guaranteed loans to agricultural producers and small businesses in rural areas. REAP funds can be used for renewable energy systems or energy-efficient infrastructure upgrades. Grants are available for up to 25% of the total project costs. Loans are available for up to 75% of the total project costs. How REAP Works REAP is a combination of grants and loans available to agricultural producers that earn at least 50% of their income from agricultural operations or small businesses in rural areas that have 50,000 residents or fewer. … [Read more...] about What Is the Rural Energy for America Program?
For pregnant Americans, giving birth is only half the challenge—the other half is paying for it. The Peterson-Kaiser Family Foundation Health System Tracker estimates the average cost of pregnancy, childbirth, and postpartum care for Americans with insurance is $18,865. Nearly $3,000 of that is paid for out-of-pocket. While every baby is different, the cost of giving birth in the United States is consistently high. Shouldering that cost can be a challenge for many families, especially those who are uninsured or underinsured , but knowing what expenses to expect can help you prepare. Key Takeaways Pregnancy, childbirth, and postpartum costs in the United States are some of the highest in the world. Vaginal delivery in the U.S. costs $11,453 on average; C-sections average $17,103. While insurance significantly reduces costs, pregnancy and birth still cost nearly $3,000 in out-of-pocket expenses. Many births are not standard, so prospective parents should be prepared … [Read more...] about How Much Does It Cost to Have a Baby in America?
The neonatal intensive care unit (NICU) is designed to provide around-the-clock healthcare for babies who are born prematurely or with life-threatening health conditions. An NICU stay can be emotional and stressful for parents, and there may be financial aftershocks once medical bills begin arriving. Newborn intensive care costs can be significantly higher than standard newborn care costs . While your insurance should pay for some of your medical expenses, it may not cover everything. Key Takeaways A neonatal intensive care unit (NICU) provides around-the-clock care for prematurely born babies and newborns with certain health conditions. If your baby has to go to the NICU shortly after birth, it’s important to add them to your health insurance policy as soon as possible. Health insurance may cover some, though not all, of the costs associated with neonatal intensive care. Parents whose insurance does not cover the full cost of NICU or who are uninsured may qualify for … [Read more...] about Managing Costs for an NICU Stay
- A + A A weekly round-up of tanker and dry bulk market (Sept 30, 2022) This report is produced by the Baltic Exchange. The Baltic Exchange, a wholly-owned subsidiary of Singapore Exchange, is the world's only independent source of maritime market information for the trading and settlement of physical and derivative contracts. Its international community of over 650 members encompasses the majority of world shipping interests and commits to a code of business conduct overseen by the Baltic. For daily freight market reports and assessments, please visit www.balticexchange.com . Capesize The Capesize market failed to push through to higher values this week, as lower activity in the Pacific hampered efforts. The Capesize 5TC closed the week at US$16,214. The Atlantic basin has been looking well supported with fixture values continuing to climb. However, a question mark remains as to whether the overall activity is enough to pull the wider … [Read more...] about Baltic Exchange shipping updates: Sept 30
The Securities and Exchange Commission (SEC) has advised the public against investing in Lodi Coins, a supposed virtual currency offered on social media without the necessary licenses from regulators. In an advisory dated Sept 29, the Commission flagged the public offering of Lodi Coins by Lodi Technologies Inc. without securing from the SEC the required order of registration of securities and certificate of permit to offer and sell securities. Lodi Coins is not registered as a virtual asset service provider with the Bangko Sentral ng Pilipinas (BSP). Lodi Technologies does not have the corresponding certificate of authority from the central bank as a money service business (MSB), as required under the BSP guidelines for virtual asset providers. It is also not registered as an MSB with the Anti-Money Laundering Council. Lodi Technologies offered Lodi Coins to the public through Facebook, Twitter, Instagram, and Discord. Investment packages range from P12,500 to P500,000, with … [Read more...] about SEC warns public against Lodi Coins
As the world opens up and pandemic restrictions easing, ‘revenge travel’ has become a common sentiment among wanderlusts. With all the planning that comes with traveling, leading travel and experiences platform Klook and Philippines’ undisputed mobile wallet giant GCash have signed on a partnership to provide a hassle-free way of booking and accessing 490,000 travel-related products from over 1,000 destinations. At a recent intimate event last September 12, 2022, at The Gallery by Chele, Klook and GCash announced their partnership led by CS Soong, VP for Global Corporate Development, and Michelle Ho, General Manager for the Philippines, Thailand, & Vietnam. For GCash’s signatories, those present were Ren Ren Reyes, Chief Commercial Officer, Luigi Reyes, VP and Head of Commercial Sales and Operations, and Macky Limgenco, AVP for Enterprise. Klook is one of the leading travel and experience platforms for sought-after lifestyle experiences that consumers can get … [Read more...] about Klook and GCash come together for hassle-free travel experience
The core index of the Federal Reserve’s preferred measure of inflation went up in August, despite a historically aggressive campaign of interest rate hikes intended to slow it. The Personal Consumption Expenditures Price Index (PCE), which measures the value of goods and services purchased by “persons” residing in the U.S., was down slightly in August from 6.4% to 6.2% annually, but was higher than economists anticipated, according to CNBC. This decline was almost entirely off the back of falling energy prices, with so-called core PCE, which does not consider the more-volatile food and energy indices, increasing in August from 4.7% to 4.9% annually, according to the Bureau of Economic Analysis. This new data closely mirrors the results of the more well-known Consumer Price Index (CPI), released earlier this month, which also saw core prices rise as overall inflation remained near historic highs. As inflation lingers, investors have grown increasingly concerned that the … [Read more...] about The Fed’s Favorite Inflation Indicator Just Spiked Even Higher
Share to Twitter Share to Linkedin Topline Shares of Carnival Corp., one of the world's largest cruise liners, collapsed to a three-decade low on Friday after the company reported worse-than-expected earnings—disappointing investors despite its cash flow turning positive for the first time since it resumed cruise operations during the pandemic. Key Facts Carnival stock collapsed more than 20% Friday to $7.02 by 10:10 a.m. ET—hitting its lowest level since 1992 after the company reported a net loss of $770 million for the third quarter and revenue of $4.3 billion—far less than the $4.9 billion analysts were expecting. The shortfall came even as the company reported its cash flow (as measured by Ebitda) turned positive for the first time since the resumption of cruise operations—hitting roughly $300 million but still less than half of expectations calling for $730 million. In a statement, CEO Josh Weinstein said the company has seen … [Read more...] about Carnival Stock Plunges 20% To 30-Year Low After Worse Than Expected Loss