Tag Archives: cash

Americans prefer to cling to cash after shaken by stock market volatility

Americans prefer to cling to cash after shaken by stock market volatility

Last year’s stock market volatility rattled Americans so much that almost 2 in 3 prefer to have their money sit in cash on the sidelines rather than endure market swings. That is the latest finding from Allianz Life, which asked this question for the first time in a recent survey of 1,005 adults over 18 in December. And data released in January by the Department of Commerce shows that Americans are again starting to sock away more cash. The savings rate for December was 3.4% — the highest… Source link

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Google settles $600M in privacy lawsuits. Are you owed cash?

Google settles $600M in privacy lawsuits. Are you owed cash?

Between September 2022 and January 2023, Google has settled a series of sweeping privacy lawsuits, resulting in nearly $600 million in historic settlement payouts to states and affected users. So what happened with each lawsuit, and what can you expect if Google violated your privacy? Google’s Ilinois settlement: $100M On September 28th, a Cook County, Illinois judge approved a final $100M settlement in a lawsuit (opens in new tab) alleging Google’s face grouping tool, which sorts faces on… Source link

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Carvana could run out of cash within months: analyst

Carvana could run out of cash within months: analyst

The only thing Carvana may be delivering in the months ahead is more pain to investors. The online used car seller — a former pandemic darling that has now become one of the most hated stocks on Wall Street as it fights for its survival — is on the cusp of running out of cash, Jefferies analyst John Colantuoni warned in a note. “For perspective, our model has Carvana running out of cash in 1Q23 without an additional infusion,” Colantuoni stated. “The deterioration in liquidity was… Source link

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‘Cash is king’ right now, says strategist

‘Cash is king’ right now, says strategist

Rallies within the current bear market are a good time to reallocate holdings — and staying in cash isn’t a bad idea, says one strategist. “We’re recommending to take advantage of these times when the market is having a bull rally, during this bear market — to reallocate portfolios —to clean up some of the holdings that you don’t want any more and repositions to things that we like,” Kathy Entwistle, managing director at Morgan Stanley, told Yahoo Finance Live. “Surprisingly,… Source link

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