Month: July 2023

Economy

Foreclosure Rates Are Surging: These 10 U.S. Cities Are Where They’re Up the Most

July 28, 2023 RickMad Comments Off on Foreclosure Rates Are Surging: These 10 U.S. Cities Are Where They’re Up the Most

Realtor.com: Foreclosures in America are on the rise for the second year in a row. This puts a firm bookend on an 11-year decline in the forced repossession or sale of a home when a […]

Economy

Here’s What The Fed’s Likely Going To Do The Rest Of The Year, According To Investors

July 28, 2023 RickMad Comments Off on Here’s What The Fed’s Likely Going To Do The Rest Of The Year, According To Investors

BusinessInsider.com: Odds are, the Federal Reserve won’t make any more interest rate changes the rest of the year.  At least according to investor bets across the market, as illustrated by CME’s FedWatch Tool. On Wednesday, policymakers […]

Investing

Down More Than 40%: Analysts Say Buy These 2 Beaten-Down Stocks Before They Rebound

July 28, 2023 RickMad Comments Off on Down More Than 40%: Analysts Say Buy These 2 Beaten-Down Stocks Before They Rebound

Finance.Yahoo.com: Reverse psychology can be considered a desired quality in the stock market. It is only natural to gravitate toward the leaders in any field, and an investor’s urge to hop on the latest surging […]

Stock Market

The Stock Market Has Soared This Year, But Will It Last? Experts Weigh In

July 26, 2023 RickMad Comments Off on The Stock Market Has Soared This Year, But Will It Last? Experts Weigh In

ABCNews.com: The Nasdaq has climbed roughly 36% this year, while the S&P 500 has jumped 18%. As long-standing recession alarms continue to blare from some forecasters, investors don’t appear to hear them. The S&P 500 — the […]

Economy

As Inflation Soars, The Federal Reserve Is Set To Announce Another Interest Rate Hike

July 25, 2023 RickMad Comments Off on As Inflation Soars, The Federal Reserve Is Set To Announce Another Interest Rate Hike

PBS.org: Conflicting signs about the health of the U.S. economy have thrust the Federal Reserve into a difficult spot. With inflation raging at a four-decade high, the job market strong and consumer spending still solid, the Fed is under pressure […]

Housing Market

Home Prices Continue To Climb With ‘Striking’ Regional Differences

July 25, 2023 RickMad Comments Off on Home Prices Continue To Climb With ‘Striking’ Regional Differences

CNBC.com: Home prices in May rose for the fourth straight month on the S&P CoreLogic Case-Shiller home price index, but regional differences are widening. The gains come despite a sharp jump in mortgage interest rates during […]

Business

Former Home Depot CEO Says US Businesses Have ‘More Uncertainty Now’ In More Than 50 Years

July 25, 2023 RickMad Comments Off on Former Home Depot CEO Says US Businesses Have ‘More Uncertainty Now’ In More Than 50 Years

FoxBusiness.com: With economic pressure at the forefront of voters’ minds, one American business leader warned President Biden about being “overconfident” on U.S. fiscal health. “I’ve been at this for 52 years, and I think that […]

Bitcoin

Bitcoin Falls Sharply Ahead Of Fed Meeting And as Investors Weigh Binance Concerns

July 24, 2023 RickMad Comments Off on Bitcoin Falls Sharply Ahead Of Fed Meeting And as Investors Weigh Binance Concerns

CNBC.com: The price of bitcoin fell sharply and suddenly to start the week as investors awaited a major Federal Reserve policy decision and digested concerns around Binance. Bitcoin was last lower by more than 3% at […]

IRS

IRS Says It Will ‘End Most’ Unannounced Visits To Taxpayers’ Homes By Agents

July 24, 2023 RickMad Comments Off on IRS Says It Will ‘End Most’ Unannounced Visits To Taxpayers’ Homes By Agents

USAToday.com: People no longer have to fear IRS agents will drop by unannounced because the agency said Monday it’s ending that practice, effective immediately, to help ensure the safety of its employees.  The change reverses […]

ESG

ESG Is Dying Its Inevitable Death

July 21, 2023 RickMad Comments Off on ESG Is Dying Its Inevitable Death

RealInvestmentAdvice.com: ESG scoring and mandates remain a subject we have contested since it sprang to life in 2020. The push of “woke activism” on, and by companies, to meet nebulous or artificial standards has led to various […]