‘Probably the last rally’: Jim Rogers just warned about getting too excited over the market’s recent bump — here are the shockproof assets he likes best right now The stock market has been pummeled, and many investors are wondering when things will turn green again. According to legendary investor Jim Rogers, there is hope on the horizon — but perhaps not for long. “We had huge pessimism because of inflation and other things,” he tells ET NOW. “Now it looks like inflation and… Source link
Read More »Jerome Powell just warned that the US housing market needs a ‘difficult correction’ so that folks can afford homes again — but here’s why it’ll look nothing like 2008
Real estate investors have largely done well for the past few years. But with higher interest rates, things could be about to change. The U.S. Federal Reserve raised its benchmark interest rates by 0.75 basis points on Wednesday, marking the third such hike in a row. Higher interest rates translate to bigger mortgage payments — not good news for the housing market. But cooling down housing prices is part of what needs to be done to bring inflation under control. Don’t miss “For the longer… Source link
Read More »Twitter’s CFO warned employees they’re on track to get 50% of their typical annual bonuses because of the company’s financial challenges, report says
Twitter CEO Parag Agrawal (left) is at loggerheads with Elon Musk over the Tesla CEO’s proposed $44 billion takeover.Kevin Dietsch/Getty Images, Andrew Kelly/Reuters Twitter CFO Ned Segal warned employees Friday their bonuses could be half the maximum, per The NYT. Segal said the company’s bonus pool was at 50% of where it could be if financial targets were being hit, per The NYT. Twitter employees’ bonuses are tied to the company’s financial performance, which has declined of late. Twitter told… Source link
Read More »Layoffs at Google? Employees ‘warned’ to prepare for blood on the streets
Earlier this week, Microsoft laid off 200 employees from R&D projects, taking the toll to 1,800 since July. Now, another big tech company Google is reportedly warning its… Source link
Read More »The ‘rude awakening’ for bankruptcies Elon Musk warned about hasn’t happened yet
This article first appeared in the Morning Brief. Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe Wednesday, August 10, 2022 Today’s newsletter is by Brian Cheung, an anchor and reporter covering the Fed, economics, and banking for Yahoo Finance. You can follow him on Twitter @bcheungz. In May, Elon Musk tweeted that a recession was coming, and that “some bankruptcies need to happen.” But this “rude awakening” the billionaire warned… Source link
Read More »NFL was warned about Deshaun Watson’s suspension length in June, giving league month to consider taking control of outcome
BEREA, Ohio — If you were going to trace the NFL’s Deshaun Watson appeal back to a starting point, to a juncture where it became likely the league was going to overturn a decision from independent arbitrator Sue L. Robinson, it would have been early in the disciplinary hearing attended by Watson and his legal camp, along with representatives from the NFL and NFL Players Association. That’s when the league’s lawyers were first informed by Robinson that the NFL very likely was not going… Source link
Read More »Swimmers and boaters warned to stay away from aggressive North Padre Island dolphin
Stay away from the too-friendly dolphin. Officials have identified an animal that has gotten a bit pushy in the water off of North Padre Island, said a press release from the National Oceanic and Atmospheric Administration. North Padre Island is about 20 miles east of Corpus Christi. “Biologists report the animal is showing more aggressive behavior, separating children from their parents in the water, and isolating swimming pets from their owners,” said the latest release issued on… Source link
Read More »Anderson said he warned Donaldson about ‘Jackie’ comment in 2019
Tim Anderson spoke out on Tuesday about his relationship with Josh Donaldson, and said he gave the New York Yankees third baseman a warning about calling him “Jackie” back in 2019. Donaldson was suspended for one game after he admitted to calling Anderson “Jackie,” as in a reference to Jackie Robinson. Donaldson said he has called Anderson “Jackie” repeatedly since 2019, and insisted that he was just “joking around” based on a comparison Anderson made about himself. That,… Source link
Read More »Warren Buffett has warned against hoarding cash, gold, or bitcoin during wars — and touted stocks as the safest long-term bet
Warren Buffett.Alex Wong/Getty Warren Buffett has advised against swapping stocks for cash, gold, or bitcoin during wars. The Berkshire Hathaway CEO favors productive businesses over dollars, crypto, or haven assets. Buffett touted Russia’s invasion of Ukraine in 2014 as a buying opportunity for long-term investors. Warren Buffett has warned against dumping stocks, hoarding cash, and buying gold or bitcoin when war breaks out, as he believes investing in businesses is the best way to build… Source link
Read More »Gmail, Yahoo and Hotmail users warned they are at risk of new scam
Billions of Gmail users across the world are being targeted for their personal details. Users of the popular email service from Google are being warned to keep an eye out for a new scam circulating online. Fraudulent scammers are attempting to collate personal details from users by sending a seemingly harmless message. US security company Barracuda Network warned: “Bait attacks are one technique attackers are using to test out email addresses and see who’s willing to… Source link
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