Sorry, retirees — the 4% rule won’t work for you if Vanguard is right about where the stock market is headed
Retirees face nervous times ahead if Vanguard is right. The investment giant, which is owned by its 50 million investors, warns that U.S. stock-market returns may be ominously low over the next 10 years. And while a “lost decade” of low stock returns may be something...
Way-No-No-No!!! Drives Into Police Standoff
If driverless cars are the future, we might see way more of this ... a Waymo took a left turn smack dab into the middle of a police standoff ... and it's all on video. Viral video spreading on social media shows one of the driverless ride service vehicles taking a...
Consumer Sentiment Collapses, Raising Economic Red Flags
According to Yahoo Finance, market professionals say the Federal Reserve won't be able to ignore the red flags being raised by US households. "Sentiment isn't wobbling at the edges or drifting lazily lower. It has collapsed," said Mark Malik, CIO of Siebert...
German Inflation Jumps to Nine-Month High as ECB Ponders Outlook
Germany’s inflation rate unexpectedly rose to the highest level in nine months, offering a reminder before the European Central Bank’s final meeting of the year that risks to price stability remain. The reading came in at 2.6% in November, up from 2.3% last month,...
Nvidia’s Stock Is Sinking as Doubts About Its AI Dominance Grow
Nvidia Corp. is facing rising concerns that its stranglehold on the market for semiconductors used in artificial intelligence computing is slipping. And that skepticism is now showing up in the stock market. Shares of the chipmaker fell 2.6% on Tuesday following...
The Railway Bubble vs. the AI Bubble
Everyone is trying to put the massive AI spend by technology companies into context. The easiest historical analogies are the telecomm buildout in the 1990s dot-com bubble and the railway bubbles of the 1800s. Each period was defined by excessive infrastructure...
How the K-Shaped Economy Is Hurting Everyone But the Rich
Talk of the K-shaped economy is brewing once again. The moniker first gained traction in 2020 to describe the divergence between how rich and poor Americans were experiencing the pandemic recovery. Now, with consumption increasingly concentrated in the top echelons of...
UBS’ Romano Says Rotation Out of US Stocks Is Likely Done
The selloff in US stocks may have run its course, setting the stage for a year-end rally, according to UBS Securities’ trading desk. Stocks slumped last week as investors questioned the prospect of further Federal Reserve policy easing and rotated out of the crowded...
Americans With Four-Year Degrees Now Comprise a Record 25% of Unemployed Workers
Americans with four-year college degrees now comprise a record 25% of total unemployment, underscoring a sharp slowdown in white-collar hiring this year. Government-shutdown delayed monthly figures published Thursday by the US Bureau of Labor Statistics showed the...
Indian Rupee Sinks to All-Time Low as RBI’s Absence Sows ‘Panic’
India’s rupee tumbled to an all-time low against the dollar, with losses accelerating after policymakers surprised traders by choosing not to prop it up as they had been doing for months. The rupee, which has come under pressure as India struggles to reach a trade...
US Consumer Sentiment Falls to Near Lowest on Record
US consumer sentiment fell in November to one of the lowest levels on record as Americans’ views of their personal finances soured. The final November sentiment index dropped to 51 from 53.6 in October, according to the University of Michigan. The figure was only...
Prediction Markets to Rival Stocks Within Years, Kalshi CEO Says
Prediction markets are growing far faster than previously expected and will rival stock exchanges in just a few years, according to Kalshi Inc. Chief Executive Officer Tarek Mansour. “This is starting to look like a trillion-dollar market,” Mansour said at the Futures...
Fear Engulfs Bitcoin Traders Betting on Free Fall to $80,000
Bitcoin is in free fall — and traders are positioning for more pain. The world’s largest cryptocurrency plunged below $90,000 on Tuesday morning during Asia trading, deepening a selloff that’s erased all of its gains for the year. In the options market, traders are...
Notices of Impending Layoffs by US Companies Surged in October
Notices of impending mass layoffs by US companies surged in October to among the highest levels on record, according to a tally by Federal Reserve Bank of Cleveland researchers. Some 39,006 Americans were given advance notice as required under the Worker Adjustment...
