Author: starbpo

The strong September jobs report came out on Friday, with just over a month to go until the election. The better-than-expected numbers could help Vice President Kamala Harris’s bid for president. In September, the U.S. economy added 254,000 jobs, and the jobless rate dropped from 4.2% to 4.1%. This is the second month in a row that it has gone down. Live coverage of the September jobs report: 254,000 more jobs are added, and the jobless rate falls to 4.1%. A Washington policy expert at Raymond James named Ed Mills told MarketWatch, “On the margin, good news is good news…

There is a good reason why investors love index funds. It’s easy to diversify with them, and they usually have low costs. For investors who are willing to wait, broad index funds might do better than most actively managed funds. This is because actively managed funds cost more and it’s hard to regularly pick portfolios that beat the index. But since the S&P 500 SPX 0.90% has returned 36.4% over the past year as of September 30, most warnings to investors are about two things. The first one is value. The index trades at a forward price-to-earnings ratio of 21.6,…

Big U.S. banks JPMorgan Chase & Co. and Wells Fargo & Co. report their earnings for the third quarter this coming Friday. This is when Wall Street starts to look for new signs about how lower interest rates might help these banks make more money. The next four banks to report will be Citigroup Inc. (C 2.17%), Goldman Sachs Group Inc. (GS 1.86%), Bank of America Corp. (BAC 2.19%), and Morgan Stanley (MS 3.17%). These will happen on Oct. 15, 16, and 17. Lower interest rates may not help the big U.S. banks as much in their banking businesses because…

It’s so expensive to buy a home now that something needs to be done about it, but an economist says that won’t happen any time soon. Even though buyers aren’t buying homes, prices keep going up to new all-time highs. The cost of getting money is still high because mortgage rates are still high. The main reason most people don’t buy homes is that they are too expensive. Chen Zhao, the economics research lead at Redfin RDFN -1.72%, told BourseWatch that’s a sign of a market that’s not healthy and needs a price adjustment. People who want to move should…

To Quentin, My partner and I are renting out a room in New York City. The current renter is leaving soon and wanted to get in touch with the person who cleaned the apartment for them when they moved in. “Barbara,” the real estate agent who helped me find the present tenant, told me about this cleaner. Barbara paid for this first cleaning so that we could get our ad. We did not agree to work with her exclusively as a real estate agent, but she did show us the place first and got paid for it. I told Barbara…

As tensions rise in the Middle East after Iran’s missile attack on Israel, the biggest worry for oil dealers is that the flow of crude oil could be slowed down. The Israel Defence Forces could focus on the Kharg Island export terminal if they want to attack Iran. He said, “Kharg Island is where Iran loads most of its crude exports.” Smith is the head U.S. analyst at Kpler. “That would hurt crude exports the most as a goal.” When asked by the press if he would back Israel striking Iran’s oil facilities, U.S. President Joe Biden said that talks…

IN DETROIT — The union for 45,000 dockworkers in East and Gulf coast U.S. ports reached a deal Thursday to end their three-day strike until January 15 so that they have time to talk about a new contract. The International Longshoremen’s Association, the union, will start working again right away. The strike was put on hold for now after the union and the U.S. Maritime Alliance, which speaks for ports and shipping companies, came to a rough deal on wages, according to a statement from the union and the ports. Someone who knew about the deal said that the ports…

Friday is work day. Now that inflation seems to be under control, it’s good that the nonfarm payrolls report is back as the most important economic indicator. For sellers, things are just like they used to be. But not all of it. Investors who have been paying attention may have noticed that the U.S. stock market has been underperforming lately, which is not something that has happened very often in recent years. Hubert de Barochez, a senior economist at Capital Economics, says that the MSCI USA index 984000 -0.16% has lost more than 5% since the middle of June. This…

He started DoubleLine Capital and is known as the “bond king,” Jeffrey Gundlach. He saw an ad that made him think the economy isn’t doing well. Cousin Eddie (Randy Quaid) says, “I don’t know why they call it Hamburger Helper, it does just fine by itself.” This scene is well known to people who grew up in the 1980s. The product has been around since the 1970s. Eagle Family Food Group bought it from General Mills for $610 million in 2022, along with the Suddenly Salad business. The two companies made a total of $235 million in sales in 2021.…

Big investors still aren’t too excited about Nvidia Corp., even though the company gets a lot of love on Wall Street. Vivek Arya, an analyst at BofA Global Research, and his team recently did their quarterly look at how many active managers own chip stocks. It discovered that even though Nvidia NVDA 3.37% is the most-owned chip stock, it’s still “relatively underweight.” Since Nvidia has been getting a lot of attention lately, it might look like fund managers are really into the stock. In fact, some may need to cut back on their holdings as the price rises, which is…