Video Credit: Reuters Studio - Duration: 05:04s - Published
Buy bank stocks: advisor
As JPMorgan Chase, Citigroup and Wells Fargo kick off earnings season Friday with better-than-expected profits, Mercadien Asset Management president Ken Kamen tells Reuters' Fred Katayama why investors should consider buying bank stocks even after their recent rally.
Gold prices have surged over 15% in the last three months, making it the best performing asset class since the beginning of 2024. Similarly, silver has delivered returns of over 13% since January 1. Citigroup forecasts gold to reach $3,000 per ounce over the next 6-18 months, driven by inflation and expectations of monetary easing. Geopolitical tensions in the Middle East and Ukraine further bolster gold prices.
#Business #Businessnews #StockExchange #IranIsrael #Businessimpact #Sensex #Nifty #Gold #Businessupdates #Economy #Indianews #Oneindia #OneindiaNews
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Data Shows , US Wages Falling , at a 'Striking' Pace.
Fox News reports that wage growth
in the United States has slowed
significantly over the past year. .
According to new data from Indeed,
wage growth is beginning
to near pre-pandemic levels. .
Indeed's wage tracker showed that salaries have had
a marked drop since January 2022, suggesting that
employers are seeing less competition for new hires.
The pace of deceleration
is striking. Posted wage growth
has fallen by almost 3 percentage
points over the past year, Nick Bunker, Indeed labor economist, via Fox News.
Fox News reports that the most pronounced
deceleration was found in low-wage sectors. .
Given the huge run-up in posted
wages for those sectors, wage growth
is still above its pre-pandemic pace.
How long this will last is uncertain, Nick Bunker, Indeed labor economist, via Fox News.
After remaining historically tight throughout the last
year, the labor market is expected to continue slowing
in the coming months amid elevated interest rates.
Since March of 2022, the Federal Reserve has increased interest rates 11 times in an attempt to slow down inflation and cool the labor market.
Since March of 2022, the Federal Reserve has increased interest rates 11 times in an attempt to slow down inflation and cool the labor market.
In 2024, there have already been a number of significant layoffs, with major companies like Alphabet, Amazon and Citigroup cutting jobs. .
In 2024, there have already been a number of significant layoffs, with major companies like Alphabet, Amazon and Citigroup cutting jobs. .
In 2024, there have already been a number of significant layoffs, with major companies like Alphabet, Amazon and Citigroup cutting jobs. .
Despite this, job growth has
remained resilient, with employers
adding 275,000 jobs in February. .
At the same time, Labor Department
data shows that the unemployment
rate for the month also rose to 3.9%.
Credit: Wibbitz Top Stories Duration: 01:31Published
6 Tips, for First-Time Investors.
1. Do not put all your
money into one company.
Just because Tesla leads the electric car market
right now, it does not mean it will be this way forever.
2. Avoid paying too much attention
to pundits on television.
Wells Fargo Adviser Scott Pedvis says a big
mistake is taking what others say "as gospel.".
3. Start as early as you can.
The earlier you begin, the more
time investments have to develop.
4. Enroll in a 401k plan
at your job, if possible.
A 401k is an excellent way to store money for when you eventually retire.
5. Do not be afraid
to ask for help.
A lot of investing can be done independently,
but not everything in your life can be do-it-yourself, Scott Pedvis, via 'USA Today'.
6. Put money into your investments on
a predetermined date each month.
It forces you to save,
and takes the emotion
out of investing, Scott Pedvis, via 'USA Today'
Credit: Wibbitz Top Stories Duration: 01:30Published
Wendy Williams Diagnosed With , Frontotemporal Dementia and Aphasia.
Williams was diagnosed with the
conditions last year, NBC News reports. .
The former talk show host's team issued a statement about her health on Feb. 22.
Wendy would not have received confirmation
of these diagnoses were it not for the
diligence of her current care team, who she
chose, and the extraordinary work of the
specialists at Weill Cornell Medicine. , Spokesperson for Wendy Williams, via NBC News.
Receiving a diagnosis has
enabled Wendy to receive the
medical care she requires, Spokesperson for Wendy Williams, via NBC News.
Williams can still "do many things for herself" amid treatment, her team said.
Most importantly she maintains
her trademark sense of humor and
is receiving the care she requires
to make sure she is protected and
that her needs are addressed, Spokesperson for Wendy Williams, via NBC News.
She is appreciative of the
many kind thoughts and good
wishes being sent her way, Spokesperson for Wendy Williams, via NBC News.
Meanwhile, Williams' family is seeking to
free her from a court-appointed legal guardianship, 'People' reports. .
In 2022, Wells Fargo petitioned to have Williams placed under a financial guardianship due to cognitive problems she was experiencing.
Her accounts were later frozen by the financial institution when her adviser alleged that she
was of "unsound mind," 'People' reports.
Credit: Wibbitz Top Stories Duration: 01:30Published
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