Even hip-hop icon Fat Joe is feeling the sting of inflation. “My wife is upset with the economy because everybody’s doing terrible out here — and we have more friends that are middle class to poor than we have rich friends,” the millionaire “Lean Back” singer said in a new edition of Yahoo Finance Presents. “You know, my wife came home from the supermarket. She had one bag. She was like: ‘It was $350… one bag.’ It’s crazy.” While the stock market embraced the latest Consumer Price Index… Source link
Read More »The remarkable story of Steeve Ho You Fat, who’s helping Victor Wembanyama reach new heights
LAS VEGAS — It’s palpable, the instant when a legend lives up to its lore. When a 7-foot-3 French phenom — the most heralded international basketball prospect since Yao Ming two decades earlier — crosses the ocean and rains 3-pointers before 200 NBA scouts and the entire basketball world. To do so, Victor Wembanyama, the gargantuan 18-year-old widely presumed to be the No. 1 pick in next June’s draft, overcame a slow start in Tuesday night’s exhibition against the G League Ignite…. Source link
Read More »Warren Buffett is using these 3 top stocks to generate a fat inflation-fighting income stream of $1.9 billion — follow along now for some healthy cash return
Warren Buffett is using these 3 top stocks to generate a fat inflation-fighting income stream of $1.9 billion — follow along now for some healthy cash return Investors may feel a bit battled in this environment. Some experts say that the market will bottom soon, while others argue that there’s plenty more downside ahead. Put simply, while everyone wants to buy low and sell high, the concern is that you might buy low and sell lower. Story continues If you don’t feel confident in the… Source link
Read More »‘Fat’ 401(k)s causing people to retire early: Oxford Economics
The stock market’s all-time highs are doing wonders for workers’ 401(k)s, with the largest number of 401(k) and IRA millionaires in history, according to Fidelity data. As a result, many people are dropping out of the workforce to retire earlier than planned, turning their backs on a job seeker’s market. The Federal Reserve is letting the economy run especially hot in an attempt to bring back people into the workforce, Oxford Economics’ senior economist Bob Schwartz wrote in a note to… Source link
Read More »