Summer is getting closer, which means Americans are buckling up. According to AAA, 80% of people plan to take a road trip this summer, which could mean it’s time to upgrade your wheels. Parents Magazine and Edmunds released their annual list of 10 Best Family Cars for 2017, just in time to hit the road. They looked at thousands of cars, […]
Everyday, the Federal Reserve puts new money into circulation, and takes old, damaged money out. The bills that look a little too worse-for-wear are deemed “unfit currency” and destroyed. Each year, the Fed recycles $200 billion worth of currency, and 70% of the new cash it ordered to be printed for 2017 is being used to replace […]
Unless you’ve been living under a rock, you probably know that Amazon (AMZN) Prime Day will happen Tuesday July 11. The third annual sale by the e-commerce giant will feature thousands of lightning deals only available to Prime members – they will be in limited quantities and available for a limited time. From kitchenware to electronics, the […]
Both initial public offerings (IPOs) on last week’s calendar succeeded in entering the public markets and another five are on the calendar for the coming week. Last week’s capital raise of about $132 million is dwarfed by the $966 million being sought in the week ahead. Of last week’s IPOs, Akcea Therapeutics Inc. (AKCA) raised […]
(Federal Reserve Chair Janet Yellen tours Daley College in Chicago, Monday, March, 31, 2014. AP Images) The Federal Reserve is embarking on an annual summer ritual: Downgrading its overly optimistic forecasts for economic growth and, potentially, preparing for a pause in interest rate increases. Wall Street rallied after Fed Chairwoman Janet Yellen’s testimony to Congress this […]
1000%, 2000%, 3000%, and higher returns are common in the emerging cryptocurrency market. Just last week, a trader posted screen shots showing him turning a $380 speculative bet into over $1 million in less than an hour. While this was a one-in-a-billion stroke of luck, other truly massive longer-term returns are easier to obtain and […]
The sports supplement industry is blossoming, thanks to our fitness-obsessed culture. But do these pills and powders actually help? The experts are not convinced, finds Andrew Griffiths Take one bag of powdered protein, another of carbohydrate, a spot of caffeine, some creatine, a bit of capsicum, some green tea extract, bag them up in various […]
Earnings for the second quarter kick off in earnest next week with JPMorgan Chase (JPM), Citigroup (C) and Wells Fargo (WFC) on the docket. Early indications point to another strong season. S&P 500 companies are expected to report 8% earnings growth on a 4.6% gain in revenues, according to Thomson Reuters I/B/E/S as of July 6. That’s a big reversal from a 2.1% […]
Globalization is making the world more interconnected while technology is advancing at an incredible rate, creating new markets and investment opportunities almost every day. It’s difficult to keep up with growth trends and navigate economic headwinds, but if you can sift through the chaff and zero-in on the diamonds in the rough, you could make […]
With the U.S. economy growing at an anemic 2 percent, there’s one industry that does not have iron poor blood. Niche markets within the larger vitamin and supplement industry are on fire, with some reaching double-digit growth. Although the overall supplements market has been affected by the sluggish economy and occasional regulation issues, it continues […]
Mind the gap. That’s the “action gap” between what Canadians are saving for retirement and what is needed to invest for the new reality of retirement – one that could last 20 or 30 years. According to a recent RBC Financial Independence in Retirement Poll, 46 per cent of Canadians 55 and older reported that […]
There’s a lot of misinformation out there about Social Security that could lead people to believe things about this valuable program that simply aren’t true. Can you spot fact from fiction? Here are seven statements about the program that don’t pass muster. 1. Members of Congress don’t pay into Social Security This isn’t true anymore. […]
