Economy - Finance > Security

America's massive unpaid rent problem could have been avoided if every unemployed person received federal UI benefits and $1,200 stimulus, study says

1 month ago   |   By Business Insider

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Researchers at the Federal Reserve Bank of Philadelphia wrote in a new study that had every unemployed American received the extra $600 per week in unemployment insurance payments from the CARES Act, on top of the Economic Impact Payments that the researchers refer to as stimulus, then just 125,000 households would be behind on their rental payments by December.
The study estimates that nearly 1.34 million households, or 4.2% of all renter households, are going to owe $7.2 billion in rent by December. This equates to about $5,400 per household.
"This scenario assumes...
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Stocks will see a big surge in the 1st quarter of 2021 after stimulus passes, forecasts billionaire investor Paul Tudor Jones

Stocks will see a big surge in the 1st quarter of 2021 after stimulus passes, forecasts billionaire investor Paul Tudor Jones

1 month ago   |   By Business Insider

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Billionaire investor Paul Tudor Jones told CNBC the stock market could see a large gain at the beginning of 2021 due to the next fiscal stimulus.
Jones pointed to the stock-buying spree that occurred after the first stimulus was passed in the spring. "Robinhood nation... went crazy and bought stocks," he said.
He also discussed how Joe Biden's tax plan will help Main Street, but could cause financial assets to "suffer a great deal" over the long run.
Visit the Business Insider homepage for more stories .
Billionaire investor Paul Tudor Jones told CNBC on Thursday the...
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'The road to financial implosion': A notorious market bear says the Fed has set the stage for a 67% stock plunge - and warns of zero-to-negative returns over the next 12 years

'The road to financial implosion': A notorious market bear says the Fed has set the stage for a 67% stock plunge - and warns of zero-to-negative returns over the next 12 years

1 month ago   |   By Business Insider

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If it's a rosy outlook for stocks you're searching for, it's safe to say that John Hussman - the outspoken investor and former professor who's been predicting a stock-market collapse - isn't about to deliver.
"There is a particular lesson that history regularly teaches, yet the public never actually learns," he penned in a recent client note .
"When a) the government - or since 1913 the Federal Reserve - insists on making money cheap by aggressively suppressing interest rates, and b) provided that investors are inclined to speculate - an essential condition that...
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Bank of America says these are the 22 European value stocks to own - and 6 traps to avoid - given the 10% upside potential for value stocks by early next year

Bank of America says these are the 22 European value stocks to own - and 6 traps to avoid - given the 10% upside potential for value stocks by early next year

1 month ago   |   By Business Insider

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Value stocks have had their worst year since 1992, falling by 38% adjusting for sector bias, according to Bank of America quant strategists in a research note released on October 20.
But equity analysts and quant strategists at the bank are expecting that to change going forward as obstacles for value outperformance begin to fade.
"European value versus growth has yet to price in the macro recovery," Bank of America equity analyst, Sebastian Raedler, said in the note.
Raedler identifies two obstacles in the way of value outperformance. Firstly, bond yields have not...
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4 reasons why the S&P 500 will soar 25% by the end of 2022, according to...

4 reasons why the S&P 500 will soar 25% by the end of 2022, according to Goldman's US stock chief

Summary List Placement Goldman Sach's David Kostin told Bloomberg TV the S&P 500 could reach 4600 by the end of 2022, a roughly 25% gain from current levels. The chief US... Read more ...

Merck sells its $175 million investment stake in Moderna after recording a...

Merck sells its $175 million investment stake in Moderna after recording a 'substantial' gain

Summary List Placement Following an eye-popping rally in 2020, Merck said on Wednesday that it sold its entire stake in Moderna. Merck, which is collaborating with Moderna on... Read more ...

3 personal Southwest credit cards are now offering up to 80,000 Southwest...

3 personal Southwest credit cards are now offering up to 80,000 Southwest points - and it's perfect timing for earning the Southwest Companion Pass

Summary List Placement For a limited time, all three Chase Southwest personal cards are offering their highest sign-up bonuses ever - up to 80,000 Southwest points. With the... Read more ...

Freelance software engineers making over $100,000 a year reveal how they got...

Freelance software engineers making over $100,000 a year reveal how they got started, find clients, and set their rates

Summary List Placement COVID-19 served as the catalyst for a huge surge in freelancing , as millions found themselves unemployed and looking for alternative ways to earn an... Read more ...

Value investor Adam Schwartz explains why Warren Buffett's Berkshire...

Value investor Adam Schwartz explains why Warren Buffett's Berkshire Hathaway slashed its JPMorgan and Wells Fargo stakes, cheers its record buybacks, and praises its patience

Summary List Placement Warren Buffett's Berkshire Hathaway may have virtually eliminated its JPMorgan position last quarter because it wanted to double down on its favorite... Read more ...

Congress Showing Renewed Interest In COVID-19 Relief Bill

Congress Showing Renewed Interest In COVID-19 Relief Bill

Party leaders are discussing proposals while a bipartisan group of lawmakers agitates for a compromise. Read more ...

Spotify launches ‘2020 Wrapped' with new features including quizzes, badges...

Spotify launches ‘2020 Wrapped' with new features including quizzes, badges and, yes, stories

Spotify is today launching its 2020 Wrapped personalized experience - the company's popular year-end review of users' favorite artists, songs, genres, and podcasts. This year... Read more ...

S&P 500 and Nasdaq close at record highs as investors bet that a vaccine...

S&P 500 and Nasdaq close at record highs as investors bet that a vaccine will drive an economic rebound

Summary List Placement US stocks gained on Tuesday as vaccine progress further boosted equities hit hardest by the pandemic. The S&P 500 and Nasdaq composite rose to record... Read more ...

What's driving IT spend growth in Canada, how it will be impacted by...

What's driving IT spend growth in Canada, how it will be impacted by COVID-19, and what the new normal could look like

Summary List Placement The Coronavirus pandemic shook up the global economic landscape in 2020-and the Canadian economy has not been spared. There were about 200,000 recorded... Read more ...

Capital gains are the profits you make from selling your investments, and...

Capital gains are the profits you make from selling your investments, and they can be taxed at lower rates

Summary List Placement We're all pretty sure what "profit" means. After all, income is income - isn't it? Well, not in the eyes of the Internal Revenue Service . The tax people... Read more ...