Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., January 21, 2022. Brendan McDermid | Reuters Should you be worried? On Monday at one point, the S&P 500 was down 10% from its recent highs. However, investors who are panicking should bear in mind long-term trends. What’s
Tetra Images If you’re looking for a relatively safe, tax-friendly asset, you may be eyeing municipal bonds, known as muni bonds or “munis.” Demand soared in 2021 as investors fled from President Joe Biden’s proposed tax increases, with a record $96.8 billion of net money pouring into U.S. muni mutual and exchange-traded funds, according to
A “For Sale” sign is seen outside a home in New York. Shannon Stapleton | Reuters Even as the housing market entered its traditionally slower season in November, home prices showed big gains from a year ago. Prices rose 18.8% year over year on the S&P CoreLogic Case-Shiller National Home Price Index. Yet that was
Mississippi, like most states, realized a significant budget surplus in 2021 and projects continued revenue growth over the coming years. As lawmakers in Jackson determine how to best invest these funds, they must also reconcile the state’s position in an increasingly competitive tax environment. Over the last two years, Mississippians watched as the region was
Loading chart… EQRx Inc.: “What certain companies have to do is, they have to buy biotech companies. This is the kind of company that needs to be bought. It shouldn’t be independent.” Loading chart… DigitalOcean Holdings: “It sells at 190 times earnings. I’m not recommending anything that’s north of 50 times earnings. That’s just my
Investors may be playing with fire. According to Morgan Stanley’s Mike Wilson, the S&P 500 is vulnerable to a 10% plunge despite Monday’s late buying binge. He warns investors are dangerously downplaying a collision between a tightening Federal Reserve and slowing growth. “This type of action is just not comforting. I don’t think anybody is
Bangkok revels in its status as a culinary mecca. From wizened street vendors who perform alchemy with sizzling woks to whiz-kid chefs who are shaping the fine dining scene, the city lays claim to one of the world’s most multifaceted food scenes. That’s why eating is a thread that runs through even a short stay
Jim Cramer Scott Mlyn | CNBC It’s been a bloody few weeks for once high-flying tech stocks and CNBC’s Jim Cramer believes there is still a bit more carnage to go for some parts of the market. “Tomorrow you got to do some selling…if you own stocks that are selling at a multiple to sales…those
People walk through the North American Bitcoin Conference held at the James L Knight Center on January 18, 2022 in Miami, Florida. Joe Raedle | Getty Images Bitcoin has had a difficult start to 2022. The top cryptocurrency fell below the $33,000 mark on Monday to its lowest point since July, before regaining some losses
A Boeing 737 MAX 7 aircraft lands during an evaluation flight at Boeing Field in Seattle, Washington, September 30, 2020. Lindsey Wasson | Reuters One year since Boeing’s embattled 737 Max returned to service — following the largest grounding in aviation history — there appears to be a broad consensus in the industry that the
In this article IBM SVP and Director at IBM Research Arvind Krishna speaks on stage during the 2016 Wired Business Conference on June 16, 2016 in New York City. Brian Ach | Wired | Getty Images IBM shares jumped as much as 7% in extended trading on Monday after the software and services company said
U.S. stock index futures were little changed in overnight trading Monday, after a wildly volatile session that saw the Dow erase a more than 1,100 point decline to finish the day in positive territory. Futures contracts tied to the Dow Jones Industrial Average gained 19 points. S&P 500 futures were flat, while Nasdaq 100 futures