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☆ Here’s why understanding de-risking is key as the Fed readies another rate hike and earnings loom
▼ + stars: | 2022-09-21 | by ( Zev Fima | ) www.cnbc.com time to read: +8 min

Put another way, this hike has been de-risked but additional aggressive rate increases in the near term likely have not. The market wants to understand at what terminal rate the Fed will hold. If the Fed goes with a 75-basis-point hike Wednesday, that would bring the target range for the central bank's key fed funds rate to 3%-3.25%. On that note, current estimates for S & P 500 earnings are roughly $222 in 2022 and $240 for 2023. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

☆ Canada home prices post record monthly decline in August -Teranet
▼ + stars: | 2022-09-20 | by ( ) www.reuters.com time to read: +1 min

Register now for FREE unlimited access to Reuters.com RegisterA for sale sign is displayed outside a home in Toronto, Ontario in Toronto, Ontario, Canada December 13, 2021. The Teranet–National Bank National Composite House Price Index, which tracks repeat sales of single-family homes in major Canadian markets, showed prices fell a record 2.4% in August from July, led by sharp declines in Hamilton, Ontario and Halifax, Nova Scotia. The index is now 4.1% below the May peak, with Hamilton down 10.5%, Halifax down 8.7% and Toronto down 8.3%. The Teranet index tracks closings, so it typically lags realtor sales data by three to five months. Register now for FREE unlimited access to Reuters.com RegisterReporting by Julie Gordon in Ottawa; Editing by David GregorioOur Standards: The Thomson Reuters Trust Principles.

Social Security recipients struggling with higher inflation are likely to get a major boost in their monthly benefits starting next year. The Social Security Administration's annual cost of living adjustment (COLA) formula is based on inflation readings for July, August and September. "A COLA of 8.7% is extremely rare and would be the highest ever received by most Social Security beneficiaries alive today," Johnson said in a statement. "Across the board, retired and disabled Social Security recipients spend a bigger portion of their incomes on healthcare costs, housing, and food and less on gasoline," she said. The ultimate net benefit to Social Security recipients will also be contingent on how much Medicare Part B premiums increase.

☆ JPMorgan is trying to harness the power of quantum-computing to solve problems at lightning speed, from options pricing to fraud detection
▼ + stars: | 2022-09-08 | by ( Bianca Chan | Carter Johnson | ) www.businessinsider.com time to read: +5 min

As an emerging alternative to the traditional computer, JPMorgan execs believe quantum computing could upend how finance firms perform computations. Unlike classical computers, which can store only a one or a zero, quantum computers use quantum bits, or qubits. Qubits can store multiple values at the same time, which theoretically gives the quantum computers big speed advantages. Meanwhile, Fidelity has been exploring the potential of quantum computing in wealth management. Wells Fargo, too, has invested in quantum computing to process complex data structures used for fraud detection.

According to RenoFi, the average price of a single-family home in the U.S. could reach $382,000 by 2030. For example, the average price of a home in New York City this year is $795,000, but the average price around Albany in Upstate New York is $227,500, according to Redfin trends. It projects that San Francisco will have the highest average home value in the country at a staggering $2,612,484. For example, Betterment doesn't require clients to maintain a minimum investment account balance, but there is a ACH deposit minimum of $10. So if you want to buy a $400,000 home in 2030, you've got 9 years to start saving.

With the term “personal taxes,” however, Mr. Garten appears to be conflating income taxes with other federal taxes Mr. Trump has paid — Social Security, Medicare and taxes for his household employees. Fragments of Mr. Trump’s tax returns have leaked out before. Mr. Agalarov’s father, Aras, a billionaire who boasts of close ties to Mr. Putin, was Mr. Trump’s partner in the event. Mr. Trump’s avoidance of income taxes is one of the most striking discoveries in his tax returns, especially given the vast wash of income itemized elsewhere in those filings. When they got to line 56, the one for income taxes due, the amount was the same each year: $750.

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