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More than half of renters say they’ll never be able to own a home and gas prices are now cheaper than this time last year. Could they fall below $3 a gallon in the months ahead?

Hi MarketWatchers. Don’t miss these top stories. Gas prices are now cheaper than this time last year. Could they fall below $3 a gallon in the months ahead? The national average was $3.33, AAA said Thursday. Read More I sold my late mother’s home for $250,000. I make $80,000 and have $220,000 in student debt. …

More than half of renters say they’ll never be able to own a home and gas prices are now cheaper than this time last year. Could they fall below $3 a gallon in the months ahead? Read More »

Why EVs are still so expensive, and when you can expect them to get cheaper and our accountant charged us $486 for a simple gift-tax return. Why on earth would it cost so much?

Hi MarketWatchers. Don’t miss these top stories. Multi-level marketing scheme ensnared nearly 800 ‘desperate homeowners’ facing foreclosure, prosecutors say Two were convicted for their role in the ploy, in which scammers promised to help people keep their homes, but just took their money instead. Read More Dear Tax Guy: Our accountant charged us $486 for …

Why EVs are still so expensive, and when you can expect them to get cheaper and our accountant charged us $486 for a simple gift-tax return. Why on earth would it cost so much? Read More »

Carvana stock books worst day on record as used-car vendor runs into problems

Carvana stock on Wednesday logged its worst day on record on heavy volume and amid growing concerns about its ability to remain a going concern, according to a number of reports about the used-car retailer. Shares of Carvana Co. CVNA, -42.92% closed down nearly 43%. That daily decline exceeded the 38.95% tumble that was registered …

Carvana stock books worst day on record as used-car vendor runs into problems Read More »

Ericsson to Sell Loss-Making Internet of Things Business to Aeris Communications

By Dominic Chopping STOCKHOLM–Ericsson AB said Wednesday that it will sell its loss-making internet of things business to California-based Aeris Communications. The Swedish telecommunications-equipment company said the sale, which includes its IoT accelerator and connected vehicle cloud businesses, will put a stop to quarterly losses of around 250 million Swedish kronor ($24 million) that the …

Ericsson to Sell Loss-Making Internet of Things Business to Aeris Communications Read More »

What is parametric disaster insurance? It just delivered a speedy payout in Florida for Hurricane Ian and more than half of adults say inflation is causing financial hardship, but the impact of high prices appears to be easing

Hi MarketWatchers. Don’t miss these top stories. What is parametric disaster insurance? It just delivered a speedy payout in Florida for Hurricane Ian Climate change is roiling the insurance industry, boosting demand for AI-focused, event-based parametric plans like Arbol’s $10 million reinsurance claim. Read More More than half of adults say inflation is causing financial …

What is parametric disaster insurance? It just delivered a speedy payout in Florida for Hurricane Ian and more than half of adults say inflation is causing financial hardship, but the impact of high prices appears to be easing Read More »

US trade deficit jumps 5% to four-month high as global economy weakens

The numbers: The nation’s trade deficit rose 5.4% in October to a four-month high of $78.2 billion, reflecting a small decline in the appetite for American goods and services as the global economy weakens. Economists polled by The Wall Street Journal had forecast a $80 billion shortfall. The deficit widened from $74.1 billion in September, …

US trade deficit jumps 5% to four-month high as global economy weakens Read More »

People still afraid of catching COVID-19 are costing the US economy trillions of dollars and my stepfather has dementia, and his sister is badgering him for money. How can I protect him?

Hi MarketWatchers. Don’t miss these top stories. People still afraid of catching COVID-19 are costing the US economy trillions of dollars Labor force participation fell for the third month in a row in November. Read More ‘Gaslighters have two signature moves’: Are you being gaslighted at work? How to recognize the signs. People who lie, …

People still afraid of catching COVID-19 are costing the US economy trillions of dollars and my stepfather has dementia, and his sister is badgering him for money. How can I protect him? Read More »

BofA is selling US equities rally on worries that unemployment will be ‘shocking’ in 2023

Strategists at BofA Global Research said it is time to sell the US stock market rally ahead of a potential surge in the unemployment rate next year. “Bears (like us) worry unemployment in 2023 will be as shocking to Main Street’s consumer sentiment as inflation in 2022,” strategists led by Michael Hartnett, chief global equity …

BofA is selling US equities rally on worries that unemployment will be ‘shocking’ in 2023 Read More »

November jobs report is most important data for inflation this year – and not in a good way

The November US jobs report on Friday showed the US economy gained 261,000 jobs last month, with the unemployment rate holding steady at 3.7%. Economists polled by the Wall Street Journal had expected an addition of 200,000 jobs. Wages jumped 0.6% in November, double the expected pace. Below are some initial reactions from economists and …

November jobs report is most important data for inflation this year – and not in a good way Read More »

US stock futures fall as Chinese protests rattle markets, oil hits 2022 low

US stock-index futures sank Sunday night, indicating possible losses on Wall Street on Monday, as Asian markets fell following widespread public demonstrations in China and as oil prices hit a 2022 low. Dow Jones Industrial Average futures YM00, -0.79% were down more than 150 points, or 0.5%, as of 11:30 pm Eastern, above their session …

US stock futures fall as Chinese protests rattle markets, oil hits 2022 low Read More »