DIRS.INFO The most relevant business & tech news

☆ Did you buy alternative investments and big-yielding assets last year? Your tax return could get a little messy
▼ + stars: | 2023-04-16 | by ( Darla Mercado | Cfp | ) www.cnbc.com time to read: +5 min

Tax Day is upon us – but investors who have complicated tax returns may find themselves asking for an extension. April 18 is the filing deadline for your 2022 return, and on that day, you must pay any federal income taxes you owe. Last year, an estimated 19 million taxpayers asked for an extension to turn in their 2021 tax return, according to the IRS. That's because while the MLPs themselves aren't subject to federal income taxes, the limited partners who receive income distributions are responsible for taxes. You need this form in order to file your income tax return, but partnerships may not send these details until mid-March, which could lead to investors going on extension.

☆ The IRS may tax certain NFTs at a higher rate in the future — here’s what to know
▼ + stars: | 2023-04-07 | by ( Cheyenne Devon | ) www.cnbc.com time to read: +3 min

Currently, the IRS treats NFTs and cryptocurrency as property for federal income tax purposes, according to the agency's website. However, net profits earned from selling a collectible are subject to a higher tax rate of 28%. So, if the IRS decides to treat NFTs as collectibles for tax purposes, sellers may be faced with a higher tax bill. The NFT market started the year off with a sizable surge in trading volume, according to NFT and DeFi tracking company DappRadar's latest report. That's up from trading volume of $1.9 billion on 18 million sales in the fourth quarter of 2022.

☆ The dollar's dominance on the world stage isn't going away. Here's why.
▼ + stars: | 2023-04-06 | by ( Phil Rosen | ) www.businessinsider.com time to read: +6 min

The move makes sense, given Russia's growing status as a pariah state, but it also highlights a push to unseat the dollar as a dominant force in global trade. But to strategists at the Carson Group, a scenario where the dollar isn't the world's primary reserve currency simply isn't in the cards in the near future. Are you convinced that the dollar won't lose its status as a dominant global reserve currency? Some companies in this batch of oil stocks have upsides of up to 180%, according to strategists at Bank of America. An expert from the World Gold Council pointed out that history says gold performs well in a recession.

☆ Gold hovers near 2020 record highs on softer dollar, weak US data
▼ + stars: | 2023-04-05 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Alexander ManzyukApril 5 (Reuters) - Gold prices hovered near record highs seen in 2020, trading steady above the key $2,000 level on Wednesday, as the dollar eased after weak U.S. economic data fanned expectations that the Federal Reserve might loosen its monetary policy trajectory. FUNDAMENTALS* Spot gold held its ground at $2,020.39 per ounce, as of 0123 GMT. * Data showed U.S. job openings in February dropped to the lowest level in nearly two years, suggesting the labor market was cooling. * While gold is traditionally considered a hedge against inflation and economic uncertainties, higher interest rates dim the appeal for non-yielding bullion. * Spot silver eased 0.1% to $24.99 per ounce, while platinum was 0.2% higher at $1,020.47 and palladium edged up 0.1% to $1,458.51.

☆ Coinbase says it's working on 'flatcoins' that will keep pace with inflation
▼ + stars: | 2023-03-27 | by ( George Glover | ) www.businessinsider.com time to read: +3 min

Coinbase said Friday that it's developing "flatcoins" that keep pace with inflation. The crypto exchange believes the tokens will help crypto traders shield their portfolios from soaring prices. Billionaire investor Ray Dalio is one high-profile name who's backed the idea of an inflation-linked coin in the past. Stablecoins are crypto tokens that derive their value from another asset. "I think that what would really be best is an inflation-linked coin," the billionaire investor told CNBC's "Squawk Box" last month.

☆ The banking crisis is doing Fed's work and creating a window for stocks to rally
▼ + stars: | 2023-03-26 | by ( Jim Cramer | ) www.cnbc.com time to read: +19 min

Work from home has in part jacked up food prices, and the increase is about 14% above just last year. The only bank that looks like Silicon Valley Bank is First Republic Bank (FRC) because it, too, has suffered huge deposit withdrawals. Nike (NKE)said China orders were good, so did Club stock Starbucks (SBUX). As counterintuitive as it is, the banking row will give the 4.8% fed funds rate a chance to cool consumer spending. This gives stocks a window to advance until we begin earnings season with what will no doubt be a cautious banking sector.

☆ Get ready for stocks and real estate to crash - and the US economy to crater, 'Rich Dad Poor Dad' author warns
▼ + stars: | 2023-03-24 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +2 min

Robert Kiyosaki expects stocks, bonds, and real estate to crash as higher interest rates bite. The "Rich Dad Poor Dad" author slammed the Fed for choking growth and eroding the US dollar's value. "Raising interest rates will crash stocks, bonds, real estate, & US dollar," the personal-finance guru and "Rich Dad Poor Dad" author tweeted on Thursday, adding that he expects the vast derivatives market to tank as well. "Saving money & investing in a well diversified portfolio of stocks, bonds, mutual funds & ETFs is risky advice," he tweeted in February. The founder of The Rich Dad Company has been sounding the alarm on an epic market crash and massive recession for more than 18 months.

☆ Power cuts, war, and hybrid cars are predicted to cause a platinum price surge in 2023
▼ + stars: | 2023-03-15 | by ( Hannah Ward-Glenton | ) www.cnbc.com time to read: +4 min

South Africa typically accounts for more than 70% of the world's platinum mining supply, according to UBS, but the process has been restricted by the country's deepening power crisis. There will be some recovery in the recycled platinum supply in 2023, but the amount will remain below pre-pandemic levels, the WPIC estimates. Global automotive demand for platinum is expected to increase by 10% in 2023 to 3.246 million ounces, according to the WPIC. Jewelry is "probably the area of greatest uncertainty" when it comes to platinum demand, Sterck told CNBC, but it is a relatively small component in the picture. Industrial demand for platinum will increase by 12% year-on-year in 2023, according to the WPIC, with platinum usage in the glass and medical industries, in particular, expected to increase.

☆ Gold bounces 1% as investors seek cover from US banking rout
▼ + stars: | 2023-03-13 | by ( ) www.cnbc.com time to read: +2 min

Ingots of 99.99 percent pure gold are placed in a workroom at Krastsvetmet precious metals plant in the Siberian city of Krasnoyarsk, Russia, January 31, 2023. Spot gold was up 0.8% at $1,882.70 per ounce, as of 0416 GMT. Gold rallied 2% on Friday after California banking regulators closed tech startup-focused Silicon Valley Bank (SVB) SIVB.O. Meanwhile, investors also took stock of measures by U.S. officials to stem the financial fallout, and which have been cheered by stock markets on Monday. "When it becomes apparent that the risk is contained, gold will be less appealing as a safe-haven," City Index's Simpson said.

☆ Meta announces big price cuts for its VR headsets
▼ + stars: | 2023-03-03 | by ( Rohan Goswami | ) www.cnbc.com time to read: +1 min

Meta will slash the prices of its Quest 2 and high-end Quest Pro headsets, the company announced Friday. The price of the Meta Quest 2 will drop from $499.99 to $429.99, while the price of the higher-end Meta Quest Pro will be slashed to $999.99 from $1,499.99. Meta lost $13.7 billion on its Reality Labs segment in 2022. The Meta Quest Pro 2 was announced in November, but its high price put it out of reach for most consumers. The price changes will begin rolling out on March 5 for the Meta Quest 2.

☆ These 2 charts show that investors are more scared of Jerome Powell than they are of Vladimir Putin
▼ + stars: | 2023-02-22 | by ( George Glover | ) www.businessinsider.com time to read: +3 min

Stocks plummeted Tuesday – as Vladimir Putin promised to escalate Russia's war in Ukraine. Check out these two charts that show what investors are worried about right now. Two ongoing sagas have rattled markets over the past year: the Federal Reserve's aggressive interest-rate hikes and Russia's war in Ukraine. When the cost of borrowing is higher, stocks struggle because their future cash flows take a hit, chipping away at their overall valuations. That suggests that they're more scared of Jerome Powell than they are of Vladimir Putin.

☆ A CIO who helps oversee $98 billion details how to invest in the winners of China's reopening in an environment where the wider stock market will struggle to break even for the rest of the year
▼ + stars: | 2023-02-22 | by ( Lisa Kailai Han | ) www.businessinsider.com time to read: +6 min

Jimmy Chang, the CIO of Rockefeller Capital Management, believes the best case scenario for stocks in 2023 is to trade sideways. Despite this, he says there's ample opportunities to be found as the Chinese economy reopens. He defines "old economy" stocks as those in more traditional industries like industrials and commodities, as well as those that directly benefit from global aging demographics, such as healthcare and life sciences. While utilities and consumer staples stocks are also typically more recession-proof, Chang believes that valuations are currently too high for both sectors. "I would rather participate in this Chinese rebound through the resource market, for example, owning commodities," he explained.

☆ Glossier, Ugg, Le Creuset: Product releases this week
▼ + stars: | 2023-02-03 | by ( Krystin Arneson | ) edition.cnn.com time to read: +8 min

There are a ton of great products that drop every week — and we’re here, as always, to keep you up to date on the best of them. This week brings the launch of Otherland’s ’90s-inspired candle collections, Ikea’s stunning collab with Sabine Marcelis and Le Creuset’s new matte navy cookware. Shop our favorite new releases below, but be fast — they’re prone to selling out. The $90 device comes in black, white, brushed steel and brass, so it’s also easy to match to your kitchen fixtures. Loungewear-meets-streetwear from the expertsUggIf anyone knows a thing or two about creating comfortable things to wear, it’s Ugg.

☆ Meta is killing Echo VR, one of its popular Oculus metaverse games
▼ + stars: | 2023-02-01 | by ( Lakshmi Varanasi | ) www.businessinsider.com time to read: +2 min

"After many discussions internally and with our partners at Meta, we have made the difficult decision to shut down Echo VR," the post stated. Over the past few years, Echo VR has catapulted into the league of an e-sport. Echo VR can be played using the Meta's Oculus Quest, Quest 2, Meta Quest Pro, and Rift S devices, according to the Oculus website. One fan on Reddit went as far as to describe Echo VR as "more than just an esport, Echo VR is a sport. A petition titled "Save Echo VR" has been created on change.org, and has already racked up 9,848 signers.

Thousands of no-transaction-fee mutual funds and fee-free mutual funds Check mark icon A check mark. Pros Check mark icon A check mark. Thousands of no-load mutual funds and 50+ Schwab-managed funds; fractional shares (Stock slices) available Check mark icon A check mark. Free stock, option, ETF, and cryptocurrency trades; 1.5% APY on uninvested cash for non-Gold users and 3% for Gold members Check mark icon A check mark. Competitive mobile and online offerings for digital investors and traders Check mark icon A check mark.

☆ China's reopening could boost global growth — and worsen inflation
▼ + stars: | 2023-01-27 | by ( Anna Cooban | ) edition.cnn.com time to read: +7 min

London CNN —China’s swift reopening after nearly three years of strict coronavirus controls could provide a much-needed boost to global economic growth, but may also stoke inflation just as it has shown signs of falling back. The revival of the world’s second largest economy — and its biggest consumer of commodities — threatens to push up global prices for fuel, industrial metals and food this year. The speed of the reopening, as well as indications that infections may have already peaked, has been surprising, analysts told CNN. Yet, if global food and energy prices start rising again, that could feed through into higher consumer prices. China’s reopening could bump up demand for agricultural goods, while the world is still in the grips of the worst food crisis in modern history.

"It's important for us to have clear agreement because this is what we have now to finance our development," he said. President Felix Tshisekedi's government has been revisiting a 2007 deal struck by his predecessor Joseph Kabila under which Sinohydro Corp (SINOH.UL) and China Railway Group Limited agreed to build roads and hospitals in exchange for a 68% stake in the Sicomines venture as well as a 2008 contract with CMOC. "We have already a framework, we have some key elements of change that we want to bring in that agreement," Kazadi said of Sicomines, though he declined to provide further details. "In only five days they have managed to burn and export 27 kilograms," Kazadi said, speaking of the joint venture that is owned 55% by the United Arab Emirates with the remainder owned by Kinshasa. Reporting by Karin Strohecker and Jorgelina do Rosario, editing by Mark HeinrichOur Standards: The Thomson Reuters Trust Principles.

☆ 'Dr. Doom' Nouriel Roubini says the Fed will wimp out on its inflation fight and gold is the best protection as volatility batters the economy
▼ + stars: | 2023-01-13 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +3 min

The Fed will wimp out on its inflation fight, according to "Dr. Doom" economist Nouriel Roubini. Roubini said gold is the best bet for investors as inflation, high debt, and extreme volatility are set to batter the economy. "There is so much debt in the system that an attempt to reduce inflation not only causes an economic crash, it causes also a financial crisis," Roubini said. However, that still won't save the economy from a recession: Failing to bring inflation back to target levels could cause a de-anchoring of inflation expectations, sparking a stagflationary debt crisis, Roubini warned. That could slam the economy with high unemployment, high inflation, and a severe downturn, causing stocks to tank 30%.

☆ Gold prices are surging as investors bet on slower Fed rate hikes
▼ + stars: | 2023-01-11 | by ( Anna Cooban | ) edition.cnn.com time to read: +2 min

London CNN —Gold is shining once again, as investors bet that cooling inflation in the United States will slow the pace of Fed rate hikes and make the precious metal more attractive. Gold prices slumped in April last year as the US Federal Reserve started to hike interest rates in a bid to tame runaway inflation. But the market is increasingly expecting the Fed to temper US rate hikes as consumer prices increases slow, boosting demand for gold. During the coronavirus pandemic in August 2020, gold prices hit an all-time high of £2,072. That could make gold more appealing now that yields and the dollar are less of a negative factor,” he told CNN.

[1/3] A trader works on the trading floor at the New York Stock Exchange (NYSE) in New York City, U.S., January 5, 2023. The U.S. consumer price index (CPI) is expected to show December's headline inflation at 6.5% versus 7.1% in November. "Inflation and what the Fed's response to it is still remains the number one focus and anxiety for the market," said Manulife's Theoret. "The risk going into Thursday is really that the market is more vulnerable to an upside surprise in inflation. U.S. crude settled up 0.66% at $75.12 per barrel and Brent finished at $80.10, up 0.56% on the day.

☆ A stock market crash and a Great-Depression-style economy are among the boldest forecasts for 2023.
▼ + stars: | 2023-01-03 | by ( Phil Rosen | ) www.businessinsider.com time to read: +5 min

Now it's full speed ahead into 2023 — and the first Opening Bell newsletter of the year is a doozy. Over the last 12 months, volatility defined global markets. Some of the worst-performing tokens plummeted more than 90%, and one North Korean cyberattack resulted in a $625 million theft. Here is your complete guide to navigating the stock market. Oil (WTI) price on Jan. 3, 2023 Markets Insider10.

☆ These ETF strategies can help investors navigate a murky 2023 for markets
▼ + stars: | 2022-12-27 | by ( Jesse Pound | ) www.cnbc.com time to read: +6 min

Here's how some ETF experts are viewing the year and what types of funds could be winners in 2023. … In 2023, investors should be a lot more selective," said Pedro Palandrani, director of research at Global X ETFs. While those areas would be negatively affected by a recession, infrastructure spending approved earlier in the Biden administration could help create solid demand even if the U.S. consumer weakens. Similarly, iShares highlighted the U.S. Infrastructure ETF (IFRA) and the MSCI Global Agriculture ETF (VEGI) in its 2023 outlook as potential winners, in part due to their inflation-hedging properties . In iShares' 2023 outlook, the firm identified its MSCI USA Value Factor ETF (VLUE) and Core S & P Small-Cap ETF (IJR) as two funds that could benefit from a low-growth environment.

Anyone with a TreasuryDirect account can gift savings bonds as long as the person to whom they're gifting the bonds also has a TreasuryDirect account, according to Alexander Voigt, founder and CEO at Daytradingz.com. I savings bonds, on the other hand, have 6.89% interest rates if you buy them within the same dates as the EE savings bonds. How to gift bonds to charityYou aren't limited to individuals when it comes to gifting bonds. "The buyer of the gift savings bond sees the bonds generally issued to the 'Gift Box' in their TreasuryDirect account within one business day," Voigt says. For instance, each year the US government lets you purchase a maximum of $10,000 in electronic EE savings bonds, $10,000 in I bonds, and $5,000 in paper I bonds.

☆ Nissan Grapples With Currency Volatility, Even as Weak Yen Boosts Earnings
▼ + stars: | 2022-12-06 | by ( Nina Trentmann | Nissan Chief Financial Officer Stephen Ma | ) www.wsj.com time to read: +6 min

For Nissan Motor Co. finance chief Stephen Ma, the weak yen has been both a boon and a bane. “The current weakness of the yen has given us short-term benefits, which is good,” Mr. Ma said. Mr. Ma said he is working to repay debt and increase the auto maker’s profitability while managing issues such as currency volatility, semiconductor shortages and pricing. “We have some stickiness in terms of pricing power,” Mr. Ma said. Nissan has had “common sense, commercial-based” discussions with Renault, according to Mr. Ma.

☆ Gold will hit $3,000 an ounce and the dollar will surge 50% against the Japanese yen. Here are the 10 outrageous 2023 predictions from one European bank
▼ + stars: | 2022-12-06 | by ( Carla Mozée | ) www.businessinsider.com time to read: +7 min

Gold surging to $3,000 an ounce is part of Saxo Bank's list of 10 Outrageous Predictions for 2023. The Danish bank's annual list also foresees Japan setting a floor of 200 yen to temporarily halt a surging US dollar. Sign up for our newsletter to get the inside scoop on what traders are talking about — delivered daily to your inbox. Saxo predicted 2023 as the year the market discovers that inflation will continue to burn hot for the foreseeable future, driving gold to $3,000 an ounce. "Under-owned gold rips higher on the sea-change reset in forward real interest rate implications of this new backdrop, it said.

Search resuls for: "US Meta"

25 mentions found