2
Cheaper Used-Car Insurance: How to Save
Cheaper Used-Car Insurance: How to Save is a post from Pocket Your Dollars.
The Best Cities for Electric Cars
In 2014, total U.S. sales of plug-in electric vehicles (EVs) hit 118,000. This was a 27% increase over 2013 and the first time in history that electric vehicle sales have reached six figures. While those numbers seem to promise a bright ⦠Continue reading â
The post The Best Cities for Electric Cars appeared first on SmartAsset Blog.
[YMMV] American Express Blue Business Cash $500 Signup Bonus With $5,000 Spend
Some people are being offered a sign up bonus of $500 after $5,000 in spend on the American Express Blue Business Cash card. Call 855-531-3491 and ask for this offer
Stock Market Today: Stocks End Mixed After Bleak Bank Earnings, Inflation Data
Stocks’ volatility continued Thursday, sparked by a weak start to second-quarter earnings season and another sizzling inflation update.
On the earnings front, JPMorgan Chase (JPM, -3.5%) this morning said profit in the second quarter was down 28% from the year-ago period, while revenue rose a modest 1%. The financial firm also said it is suspending stock buybacks in order to boost its capital reserves. Fellow big bank Morgan Stanley (MS, -0.4%) also saw its profit sink â down 29% year-over-year â while revenue plunged 11%.Â
- SEE MORE 10 Defensive ETFs to Protect Your Portfolio
Also in focus today was the latest reading of the producer price index (PPI), which confirmed what Wednesday’s scorching consumer price index (CPI) report already told us: Peak inflation was not reached last month. Data from the Labor Department showed that the PPI, which measures how much suppliers are charging businesses and their customers for their goods, surged 11.3% year-over-year in June, its seventh straight month of double-digit annual percentage gains. On a sequential basis, wholesale prices were 1.1% higher.
One positive from the report was that the core PPI, which excludes the volatile energy and food sectors, was up 0.3% over the prior month â or down slightly from May’s 0.4% increase.
Sign up for Kiplinger’s FREE Investing Weekly e-letter for stock, ETF and mutual fund recommendations, and other investing advice.
“Itâs clear that food and energy are driving PPI higher, as was the case in yesterday’s inflation print,” says Peter Essele, head of portfolio management for Commonwealth Financial Management. “When removing these volatile components, PPI appears to have peaked and is starting to roll over, a tell-tale sign that the economy is shifting into late-cycle territory. The probability of a 100-basis-point hike from the Fed in late July has greatly increased after the two price index releases.”
The one-two punch had stocks wallowing deep in negative territory for most of the morning, but the major benchmarks climbed well off their session lows by the close. The S&P 500 Index (-0.3% at 3,790) and Dow Jones Industrial Average (-0.5% at 30,630) still suffered their fifth straight loss, however, while the Nasdaq Composite ended marginally higher at 11,251.
YCharts
Other news in the stock market today:
- The small-cap Russell 2000Â slumped 1.1% to 1,707.
- U.S. crude futures shed 0.5% to finish at $95.78 per barrel.
- Gold futures slumped 1.7% to $1,705.80 an ounce, their lowest settlement since March 30, 2021.
- Bitcoin climbed 4.9% to $20,603.56. (Bitcoin trades 24 hours a day; prices reported here are as of 4 p.m.)Â
- Conagra Brands (CAG) fell 7.3% after the packaged food maker reported fiscal fourth-quarter revenue of $2.91 billion, below analysts’ consensus estimate for revenue of $2.93 billion. However, CAG’s adjusted earnings of 65 cents per share beat the average estimate by 2 cents. The company also said it plans to raise prices in the second quarter of fiscal 2023 in order to offset higher costs related to inflation. CFRA Research analyst Arun Sundaram maintained a Buy rating on the consumer staples stock after earnings. “We expect margins to improve in FY 23 with more pricing flowing through and cost inflation likely approaching its peak,” the analyst says. “Also, cost savings should be easier to realize in FY 23 as the overall supply chain stabilizes. Together, we see more upside than downside to CAG’s FY 23 bottom-line targets as the fiscal year progresses.”
- Energy stocks suffered notable losses as crude futures continued to slide. APA (APA, -4.0%), Diamondback Energy (FANG, -3.5%) and EOG Resources (EOG, -3.6%) were just a few of the day’s biggest decliners.
Play Green Energy Stocks for Long-Term Growth Trends
Market volatility is likely to continue for the time being, which creates an especially uncertain environment for investors. “Inflation has taken a bite out of stock and bond markets â and the bite may not be over quite yet,” says Liz Young, head of investment strategy at SoFi. “Before the end of the month, we could get negative earnings guidance, a 75-100 basis point hike from the Fed, and a negative Q2 GDP print. This scenario could prove to be bad news for markets, but good news for buyers.”Â
- SEE MORE UBS’s 43 Top Stocks for a Volatile Market
Although Young suggests investors “don’t swing for the fences,” she does believe that “we have to start swinging the bat before summer is over.” And there’s certainly plenty good of pitches to hit for investors of all stripes.Â
Those wanting to boost the income-producing parts of their portfolios may want to consider these discounted Dividend Aristocrats. The best Dow dividend stocks are another great place to find reliable and rising payouts.
Other investors might be keen on long-term growth trends. If that’s the case, green energy stocks look like a fountain of opportunity. Indeed, the renewable energy market is forecast to grow to almost $2 trillion by the end of the decade. These top-rated picks are well-positioned to take a piece of that pie.
- SEE MORE Can AI Beat the Market? 10 Stocks to Watch
The Cost of Living in Maryland in 2022
You’ll pay a lot of money to live in Maryland, but the crabs may be worth it.
The post The Cost of Living in Maryland in 2022 appeared first on The Rent. Blog : A Renterâs Guide for Tips & Advice.
How to Use Decluttr to Cash In On Old Gadgets and More
Do you have a movie, CD or game collection taking up space and collecting dust? How about old phones or game consoles? I did, so I used Decluttr to sell them for cash. Hereâs what happened.
This was originally published on The Penny Hoarder, which helps millions of readers worldwide earn and save money by sharing unique job opportunities, personal stories, freebies and more. The Inc. 5000 ranked The Penny Hoarder as the fastest-growing private media company in the U.S. in 2017.
A Guide to Credit Card Fraud & 4 Tips to Avoid Scams
What Is Credit Card Fraud? Credit card fraud is when a credit card information is used to steal money from the owner. Credit card fraud can occur when a card is physically stolen or the information is virtually stolen. Keeping your credit information private, checking your statements regularly, and using secure sites are a few
The post A Guide to Credit Card Fraud & 4 Tips to Avoid Scams appeared first on MintLife Blog.
When to Save in a CD vs. Savings Account
Certificate of deposit (CD) accounts and savings accounts can help you keep your money safe and secure while earning some interest on balances. While theyâre both deposit accounts, they arenât exactly the same when it comes to how much interest ⦠Continue reading â
The post When to Save in a CD vs. Savings Account appeared first on SmartAsset Blog.