Author: starbpo

Dave Ramsey, a personal finance author and radio host, met with former President Donald Trump to talk about high prices and what can be done to bring them down. This is something that a lot of Ramsey’s fans are thinking about. Ramsey began an interview that came out on Tuesday by saying that his show is not about politics but about money. He told his viewers, “What happens in your house is more important for your success than what happens in the White House.” But Ramsey said that because this election was so contentious, he asked the presidential candidates to…

Stellantis, the parent company of Chrysler, said Monday that it is speeding up a program to reduce inventory and also issued a huge downgrade to its financial forecasts. The company that makes Chrysler, Jeep, Fiat, and Peugeot cars said it has a plan to cut its U.S. inventory from the first quarter of 2025 to no more than 330,000 cars by the end of the year. It now expects North American shipments to drop by more than 200,000 in the second half, down from 100,000 in the first half. This is because it plans to cut costs and capacity while…

When the Federal Reserve cut interest rates even more than expected in September, buyers in the stock market got what they wanted. There is a chance that the good jobs data coming out next week will be too much of a good thing for Wall Street. “If you do come up with a very strong jobs number…that will definitely spook the stock market,” Komal Sri-Kumar, head of Sri-Kumar Global Strategies, Inc. in Santa Monica, California, told MarketWatch over the phone. It comes down to what people think will happen with interest rates in the future. Strong data could make investors…

On the economic front, both candidates for president of the United States have promised to do something about the high cost of living. But which of their ideas are likely to work and which are just empty promises? BourseWatch talked to a number of housing experts to find out what they thought of Kamala Harris’s and Donald Trump’s housing plans. Home prices and mortgage rates aren’t directly affected by presidents, but some have had a big say in making policies that affect people who buy and sell homes. As an example, think about Franklin D. Roosevelt. During the Great Depression,…

IN PERRY, FLA. Since Hurricane Helene, it has been hard for authorities to get water and other supplies to flood-stricken, remote places in the Southeast of the United States. Almost 100 people have died because of the storm. Thirty people were killed in the storm in a North Carolina county that includes the mountain city of Asheville. Several more deaths in North Carolina on Sunday brought the total number of deaths in the storm to at least 91 across several states. Goods were being flown to the area around Asheville. It was promised by Avril Pinder, Manager of Buncombe County,…

After China’s government announced a number of measures this week to help the economy, Bitcoin was on track to have its best September ever. Traders also expect the Federal Reserve to cut interest rates again this year. Bloomberg says that Bitcoin BTCUSD -1.95% is up 12.3% so far this month as of Friday. It is on track to have its best September since it was first introduced in 2009 and its best month since May of this year, when it rose 14.2%. The biggest cryptocurrency in the world by market value was up 58% so far in 2024, but it…

Millions of young people in China had a bad summer, and things are only getting worse now. With 11.8 million students, the class of 2024 university graduates was China’s biggest ever. That’s about the same number of people living in Ohio or Belgium. This huge group is now trying to get jobs in one of China’s worst job markets ever. The statistics office says that the unemployment rate for 16–24-year-olds rose to 18.8% in August, which is the highest level of the year and almost the highest level ever seen in China. But it’s not just the huge number of…

Dock workers in the U.S. are getting ready to go on strike at ports on the East and Gulf sides on October 1. But a short strike probably wouldn’t make prices go up for consumer items. The USMX, which is made up of port groups, container carriers, and employers, has not been able to come to an agreement on a new master contract with the International Longshoremen’s Association (ILA), which speaks for 85,000 longshore workers. The current deal ends on September 30 at midnight. After that, the ILA is going to go on strike at the 36 places where union…

Recently, the top leaders of two smaller energy explorers bought a lot of stock. Shares of HighPeak Energy HPK 3.92%, which is based in Fort Worth, have been moving in a range so far in 2024. The stock has gone up 2.4% so far this year, while the Invesco S&P SmallCap Energy PSCE 2.25% exchange-traded fund has gone down 6%. The price of Epsilon EPSN -0.53% Energy of Houston shares has gone up by 10%. The S&P SmallCap 600 Capped Energy index is what the Invesco ETF is based on. It does not hold shares of either company, though. These…

Even though it got off to a rough start, September has been mostly a good month for the stock market. But based on past events, buyers may find that October is more volatile than usual. Without a doubt, major averages like the S&P 500 SPX -0.13% are set to go against a long-term trend by ending September strongly in the positive. Dow Jones Market Data says that when Wall Street finishes on Monday, the index will have had its best September performance in more than a decade. It has already gained 1.6% for the month. Stocks have had the worst…