Tag Archives: havent

Metals Haven’t Crashed This Hard Since the Great Recession

Metals Haven’t Crashed This Hard Since the Great Recession

(Bloomberg) — Industrial metals are on track for the worst quarter since the 2008 financial crisis as prices are pummeled by recession worries. Copper, the great economic bellwether, has ricocheted into a bear market from a record four months ago, while tin just tumbled 21% in its worst week since a 1980s crisis froze London trading for four years. Most Read from Bloomberg It’s a dramatic reversal from the past two years, when metals surged on a wave of post-lockdown optimism, inflationary… Source link

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‘We are in an environment many of us haven’t seen before’

‘We are in an environment many of us haven’t seen before’

Target (TGT) CEO Brian Cornell cited inflation and “historic highs with inventory levels” as he pulled back the curtain on his major decision to aggressively markdown inventory amid “an environment many of us haven’t seen before” in remarks on Tuesday. “I recognized after a few weeks of looking at our own stores, analyzing our business, looking at competition, and hearing from our team that we [had] to address this problem upfront,” Cornell explained at an event held at The Economic Club of… Source link

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Thanksgiving turkey, food should be plentiful, but may cost ‘quite a bit’ if you haven’t gotten yet

Thanksgiving 2021 is already here and consumers are flocking to the stores to get last minute items. Yet given surging prices and the supply crisis that’s resulted in shipping bottlenecks, will there be anything left? According to experts, the answer is — there should be. “Consumers are are not really panic buying, but they’re buying in anticipation of not having it,” Pedro M. Reyes, associate professor of business at Baylor University, told Yahoo Finance. In many U.S. grocery stores,… Source link

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Why inflation scares haven’t hammered the stock market

Despite the ever scary inflation headlines, the Dow Jones Industrial Average (^DJI) and S&P 500 (^GSPC) are flirting with record highs.  That’s counter to prevailing wisdom, right?  On paper, increasing inflationary pressure brought on mostly from the pandemic should be pounding corporate profit margins and weighing on outlooks. So far this earnings season, on balance that hasn’t happened and stock prices have been fast to jump on the less dire narrative, pros say.  “Investor sentiment had… Source link

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Most retirement plans haven’t been tapped despite pandemic: ICI

In spite of the economic and financial stresses brought on by the pandemic, most Americans have not taken any withdrawals from their defined contribution (DC) retirement plans. The vast majority of U.S. retirement savers have continued to make contributions to their plans throughout the pandemic, according to a recent Investment Company Institute (ICI) report. “Despite the economic challenges over the past year and a half, retirement savers show deep commitment to preserving their… Source link

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Quality stocks haven’t been this cheap in more than 20 years

Quality is on sale in the stock market.  Higher quality stocks are trading at their largest valuation discount to the broad market since the dot com bubble of the early 2000s (see chart below), BlackRock CIO of U.S. fundamental equities Tony DeSpirito said in a new research note.  DeSpirito defines high quality stocks as those of companies that generate profits and sport pricing power (so obviously, this excludes Special Purpose Acquisition Companies, or SPACs). The companies manage their… Source link

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You probably haven’t used Yahoo in a while, but what if it cost you money?

Yahoo is the legacy Web 1.0 brand that just won’t get dragged and dropped into the trash bin of history, and that’s largely thanks to Verizon’s tireless efforts to keep it going after buying the company a few years ago for nearly $5 billion. This time around, the telecom giant actually wants to expand the Yahoo brand to all of its consumer-facing web properties with a new series of subscription offerings organized around what it’s calling Yahoo Plus, according to a new report from… Source link

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44% of student debtors haven’t made any payments since March 2020: Poll

The federal payment pause on student loans has given some debtors breathing room. But a new survey shows how borrowers have taken advantage of the pause to target their loans. In January, the Biden administration extended the interest-free payment pause on federal student loans to at least Sept. 30, 2021. While student loan borrowers don’t technically need to repay their debt as the government continues to make the payments on their behalf, some have used the opportunity to drill down on… Source link

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