Commentary One of the most important disciplines in investing, whether personally or professionally, is to look back on investments made and take stock not just of how they performed but why. What decision-making or other avoidable errors led to bad outcomes? What lessons can be learned so that any future mistakes are new and better…
Recession ‘Near’ as US Leading Economic Index Drops for Tenth Straight Month
February 17, 2023
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Business & Marketseconomic policieseconomyFederal ReserveinflationInvestmentMarketspersonal financePolicies & ImpactsrecessionThe Conference BoardUS
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The United States is approaching a recession, as a closely watched economic index dropped for the tenth straight month in January, for the longest slump since the Lehman Brothers collapse in 2008. The Conference Board Leading Economic Index (LEI), released on Feb. 17, declined by 0.3 percent in January, following an 0.8 percent contraction in December….
Bank of America Strategists Expect Economic ‘Hard Landing’ to Pummel Markets
February 17, 2023
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Bank of AmericaBusiness & Marketseconomic policieseconomyinflationinterest rateInvestmentMarketsPolicies & ImpactsrecessionUSUS News
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Bank of America strategists are expecting an economic “hard landing” to pummel the markets at the end of the year, due to a resilient U.S. economy. Economists are beginning to fear that a delayed recession in the second half of 2023 will be harsh on stocks, since the current state of the American economy is keeping…
South Korea’s LG Chem Acquires Stake in US Lithium Firm
February 17, 2023
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Asia & PacificBusiness & MarketsCompanieseconomic policieseconomyenergyEnvironmentInvestmentLG ChemPiedmont LithiumScienceSouth KoreaTechUSUS NewsWorld
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South Korean chemical firm LG Chem said on Friday that it had acquired a stake in U.S. mining company Piedmont Lithium Inc. for $75 million in a bid to secure raw materials needed for its manufacturing of electric-vehicle (EV) batteries. The equity investment provides LG Chem with a 6 percent stake in Piedmont, which holds…
Meta Ramps Up Spending on Zuckerberg’s Personal Security to $14 Million Despite ‘Year of Efficiency’ Pledge
February 16, 2023
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Business & MarketsCompanieseconomyInvestmentMark ZuckerbergMarketsMedia & Big TechmetaPersonal SecurityUS
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Meta Platforms CEO Mark Zuckerberg is increasing spending on his own security to $14 million, despite a pledge to make 2023 a “year of efficiency.” The decision comes just after 11.000 jobs, or 13 percent of the workforce, were eliminated late last year and future spending plans for projects were cut at the social media company….
Turkey Earthquake Could Result in Loss of up to 1 Percent of Country’s GDP in 2023
LONDON—The potential economic effects of the earthquake in Turkey could result in a loss of up to 1 percent of the country’s gross domestic product this year, the European Bank for Reconstruction and Development (EBRD) said in a report published on Thursday. The bank added this is a “reasonable estimate” due to the expected boost…
If You Don’t Sell, Did You Lose Money or Not?
Commentary Last year, the stock market was down big. The exchange-traded fund that mimics the tech stocks on Nasdaq (QQQ) was down 19.8 percent. The bond market also took a dive since the Federal Reserve moved aggressively to raise interest rates. For what it is worth, statistically there is only a 9 percent chance of…
Ford Halts Production and Shipment of Electric F-150 Lightning Pickup Due to Battery Failure
February 14, 2023
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Business & MarketsCompanieseconomyelectric vehicleenergyFord F-150 LightninginflationInvestmentMarketsproduction haltUS
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Ford Motor Co. halted the production and shipment of its F-150 Lightning electric pickup after it discovered a potential battery failure during pre-delivery check up inspections. The news of the suspension in deliveries of the automaker’s electric vehicle (EV) version of its classic pickup truck was first announced on Feb. 14 by Motor Authority. “We are…
Let’s Rethink Stock Buybacks—and Drop Biden’s Proposed Excise Tax
February 13, 2023
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Business & MarketsBusiness Columnistseconomic policiesinvestingInvestmentMarketsSECstock buybacksstock manipulationstocksUS
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Commentary Bloomberg, citing private newsletter publisher Birinyi Associates, reports that “announced buybacks more than tripled (in January) to $132 billion from a year ago, reaching the highest total ever to start a year.” For those of us who follow these things, it’s not surprising: the record level of stock buybacks comes amid an earnings season that has been…
Why Gold Flourishes in Times of Market Volatility, War, and Crisis
February 13, 2023
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Business & MarketscrisisgoldGold and CommoditiesInvestmentmarket volatilityMarketsSponsored Contentwar
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It’s no secret that gold makes a worthwhile investment. For years, investors have purchased gold in times of crisis to protect their assets from market fluctuations and significant financial losses. One of the most attractive features of gold is its unique ability to hold its value even when the market dips. Now that volatility seems…
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