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While remote workers are hitting the green on weekday afternoons, productivity isn't dropping. That's good news for leisure businesses and shows remote work has changed people's work structures. While some companies have called employees back to the office, Bloom doesn't think remote work is going anywhere. All those remote workers hitting the green doesn't necessarily mean people are working less. This will raise 'Golf productivity' — the number of golf courses played (and revenue raised) per course."

☆ 'A terrible environment for equities': Market veteran predicts when stocks will pull back — and how to trade it
▼ + stars: | 2023-03-09 | by ( Ganesh Rao | ) www.cnbc.com time to read: +3 min

The U.S. equity market is flashing warning signs, according to chief market strategist Chris Watling. The S & P 500 was trading at 3,985 on Wednesday morning at a price-to-earnings ratio of nearly 20x even as the U.S. central bank attempts to tighten financial conditions. .SPX 1Y line While investors may be tempted to stay in the market due to a lack of better options, Watling suggests otherwise. Stocks have risen over the past five months partly in response to a lack of distress in the high-yield bond market. This seems to be defying credit conditions wanted by the Federal Reserve, and Watling suggests it could be a short-term liquidity story driving the market.

☆ These 13 beaten-down stocks offer a 'margin of safety' from a possible credit shock, according to a top-1% fund manager
▼ + stars: | 2023-02-28 | by ( James Faris | ) www.businessinsider.com time to read: +7 min

Higher-than-anticipated interest rates could lead to economic pain and even a credit shock. Top-1% fund manager James Abate explained why he hasn't given up on stocks yet. Here are 13 value stocks to buy in this shaky environment, according to Abate. Leading fund manager James Abate isn't predicting a repeat of the financial crisis, but he is worried that banks could get their biggest test in years if interest rates keep rising. While nothing is guaranteed in markets, Abate said that 2023 will provide many opportunities for fund managers like him to outperform.

☆ People who moved to Tennessee for cheaper homes and a laid-back life say they're happy — for the most part
▼ + stars: | 2023-02-26 | by ( Jordan Pandy | ) www.businessinsider.com time to read: +10 min

The 50-year Florida resident decided to pack up and move to Memphis, Tennessee, for a more manageable mortgage payment while on a fixed income. Foster said clients have recently moved to Tennessee from New York, New Jersey, and California. He traded snowy Buffalo for the ease of southern livingMichael and Danielle Ekstrum moved to Tennessee after becoming empty nesters in 2018. A retiree fed up with California's overcrowding bought a home in Tennessee without thinking twiceMichael and Bonnie Tyler moved from Sacramento, California, to Jonesborough, a historic town in eastern Tennessee. "There's too much traffic, too many people, it's way too expensive, and there's no water," Tyler told Insider.

The 2% inflation target is key to the Federal Reserve's vision for stable prices in the U.S. economy, according to the Federal Reserve Bank of St. Louis. But, "the 2% inflation target, it's relatively arbitrary," Josh Bivens, director of research at the Economic Policy Institute, told CNBC. "We led the way in inflation targeting," Arthur Grimes, professor of wellbeing and public policy at Victoria University, told CNBC. Canada announced its inflation target in 1991, and the United Kingdom followed suit in 1992. Then, Sweden and Finland declared inflation targets in 1993, according to the Organization for Economic Cooperation and Development.

I read a lot about saving and investing and use investing apps that make it easy to build wealth. While these numbers look discouraging, I've never been more encouraged to build wealth as Black woman in America. I have four siblings, and we often talk about how we want to be the generation to build wealth and pass something on to our kids. Editor's Rating 4.36/5 A five pointed star A five pointed star A five pointed star A five pointed star A five pointed star Editor's Rating 4.34/5 A five pointed star A five pointed star A five pointed star A five pointed star A five pointed star Editor's Rating 3.9/5 A five pointed star A five pointed star A five pointed star A five pointed star A five pointed star Learn more On Public's website Learn more On Wealthfront's website Learn more On Acorns' websiteIn 2017, I opened an IRA for the first time, and just contributed whatever I could. Overall, putting in the time and money to learn more about finances has helped me make wise money decisions and have a better shot at building wealth as a Black woman.

☆ A former BlackRock stock chief says he thinks the S&P 500 will fall another 17% as investors ignore a growing mountain of tell-tale recession signals
▼ + stars: | 2023-02-18 | by ( William Edwards | ) www.businessinsider.com time to read: +6 min

Doll says the S&P 500 will drop to 3,400 if a mild recession unfolds. If a more normal recession (more severe than a mild downturn) comes, Doll said the index could fall to 3,000. The Fed's recession probability tracker based on the yield curve also now puts the odds of a recession at 57%. Subramanian expects the S&P 500 to fall as low as 3,000, a view shared by Morgan Stanley's Mike Wilson. If trouble hits, like Doll and much of Wall Street expects, stocks could extend their fall to new lows.

☆ Premarket stocks: SpinCos are the new SPACs
▼ + stars: | 2023-02-17 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +6 min

The parent company may distribute the new company’s stock to its shareholders, allowing them to own shares in both. These smaller, newly formed companies are still in the process of establishing themselves in the market and often have lower profit margins than their parent company. It costs a lot to borrow these days and investors are looking for high profits and value stocks, writes Goldman. The Federal Reserve’s interest rate hikes have added significantly to the cost of government debt. “As we add trillion after trillion to our debt, the problem only gets worse and compounds.

☆ CNBC Daily Open: Markets drop on hot economy — and chance of 0.5% interest rate hikes
▼ + stars: | 2023-02-17 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

James Bullard, president of Federal Reserve Bank of St. Louis, at the Jackson Hole economic symposium, in Moran, Wyoming, U.S., on Thursday, Aug. 22, 2019. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. With each hotter-than-expected inflation report, markets rose. Cleveland Fed President Loretta Mester echoed Bullard's hawkishness, saying she wants higher rate increases. Subscribe here to get this report sent directly to your inbox each morning before markets open.

☆ The 'singles tax': People who live alone are paying thousands more on rent than their coupled-up counterparts
▼ + stars: | 2023-02-14 | by ( Juliana Kaplan | Madison Hoff | ) www.businessinsider.com time to read: +6 min

It costs to be single: Americans living alone are facing a "singles tax" that costs thousands. A recent Zillow analysis compares how much more single Americans are paying to live alone in a one-bedroom place, compared to couples in the same spots. The results: On average, solo Americans are paying a "singles tax" of almost $7,000 every year. Those three all have singles tax of above $10,000 per Zillow's analysis on one-bedrooms. Silvia Tergas, a financial planner with Prudential, told Insider the singles tax is also reflected in the actual tax system, which largely benefits married couples who file jointly.

Black families face unique, racist barriers to creating wealth, from homeownership to business ownership, says Salene Hitchcock-Gear, president of individual life insurance at Prudential. To work towards closing the racial wealth gap and building generational wealth for Black Americans, it's important to understand what obstacles stand in the way. Black Americans face lower median credit scoresWhile the credit scoring system was created to take the bias out of lending, it's become yet another hurdle that prevents many Black Americans from building wealth. The bottom lineAfter many generations of being excluded from wealth-building, Black Americans still face a unique set of challenges stemming from racial discrimination. However, making homebuying and financial literacy more accessible could start to narrow the wide racial wealth gap in the US, and help Black families build generational wealth.

☆ A real-estate investor who's acquired over 50 properties with the BRRRR method shares his best advice for using the strategy in today's market — especially as home prices fall and rents drop around th
▼ + stars: | 2023-02-01 | by ( William Edwards | ) www.businessinsider.com time to read: +4 min

Sadaram used the BRRRR method, which may be becoming less viable in certain markets. The BRRRR method — that's buy, rehab, rent, refinance, repeat — is a tried and true real-estate investing method that's helped countless investors scale up their portfolios. Federal Reserve Bank of St. LouisFalling home prices and rents make for a daunting environment for real-estate investors, especially those looking to scale up using strategies like the BRRRR method. But Sadaram is still convinced the BRRRR method is the best way to build a portfolio, even in today's market. Sadaram's best advice for using the BRRRR method in today's marketThere are, however, some things investors need to keep in mind amid the bearish environment, he said.

☆ Studying abroad can cost over $16,000 per semester—here's how students plan to pay for it
▼ + stars: | 2023-01-31 | by ( Kamaron Mcnair | ) www.cnbc.com time to read: +4 min

As a result, many students are turning to other options to pay for studying abroad — if they're available. The cost of studying abroad may be one of the biggest deciding factors in who gets to go. Black students made up just 4% of students who studied abroad in the 2020-21 school year. While the share of non-white students studying abroad increased by 10 percentage points between the 2010-11 and the 2020-21 academic years, white students still make up 68% of students studying abroad, according to the Institute for International Education. While white students and Black students take out loans at similar rates — 40% of white students use loans to pay for college compared with 50% of Black students, according to Education Data Initiative — Black students often have a harder time paying back their loans.

☆ U.S. inflation roller coaster prompts fresh look at long-ignored money supply
▼ + stars: | 2023-01-26 | by ( Michael S. Derby | ) www.reuters.com time to read: +4 min

The recent decline in the money supply comes as the Fed has been aggressively raising rates to push inflation back to its 2% target. That dynamic changed in the last two years, though, with money supply trends moving in roughly the same direction as inflation pressures: As money supply rose rapidly into early 2022, so did inflation; since M2 started a persistent decline last summer, inflation pressures have also receded. To be sure, measuring money supply is complicated, with no one way to do it. Bullard, acknowledging the cooling off of money supply, said this downshift in money "bodes well for disinflation," which means the Fed is likely to face an enduring trend of lower price pressures. Economists, meanwhile, are still taking on board whether money supply is something they need to pay greater mind to as they contemplate monetary policy and inflation.

☆ We read the Biden administration's proposal to protect renters from discrimination and unwarranted rent hikes. Here are the 3 biggest takeaways.
▼ + stars: | 2023-01-25 | by ( Robert Davis | ) www.businessinsider.com time to read: +5 min

The Biden administration announced several new protections for renters on January 25. At the same time, the Federal Housing Finance Agency, an independent organization that helps regulate the mortgage market, will create new policies that encourage development of affordable-rental units. Insider reviewed the documents the White House released concerning the new initiatives. The idea comes as many renters continue to organize in order to combat what they see as unwarranted rent increases and evictions. Some home builders like Jerry Konter, the chairman of the National Association of Home Builders, disagreed with the new protections for renters.

☆ Fed’s Bullard Sees Need to Keep Up Rapid Pace of Rate Increases
▼ + stars: | 2023-01-18 | by ( David Harrison | ) www.wsj.com time to read: 1 min

The Federal Reserve should keep on rapidly raising interest rates until they get above 5% in order to prevent a return of inflationary pressures, Federal Reserve Bank of St. Louis President James Bullard said Wednesday. Speaking at a Wall Street Journal Live event, Mr. Bullard said it would be appropriate to raise rates by a half-percentage-point at the Fed’s Jan. 31-Feb. 1 meeting and continue pushing them up. Mr. Bullard said he sees a central bank policy rate of between 5.25% and 5.5% at the end of the year.

☆ School lunch, eggs and airfare: Why inflation soared for 10 items in 2022
▼ + stars: | 2023-01-13 | by ( Greg Iacurci | ) www.cnbc.com time to read: +6 min

Here's a look at the 10 items with the largest price gains, as measured by the annual inflation rate in December. Food at school: 305.2%The price of a meal at elementary and secondary schools spiked the most in 2022, by a whopping 305%. Overall food prices have been pressured on many fronts, too, funneling into school meals. Oil prices retreated in the second half of the year, though, as fears mounted of a possible recession and an accompanying weakness in oil demand. Monthly milk production among major suppliers fell each month from September 2021 to June 2022, according to the U.S. Department of Agriculture.

☆ Premarket stocks: Why Goldman Sachs isn't too worried about a recession
▼ + stars: | 2023-01-13 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +6 min

In their 2023 outlook, Goldman analysts noted that disagreement about the economic forecast abounds within their own circles. Bill Dudley, a former Goldman Sachs partner and president of the New York Fed, puts the chance of recession this year at about 70%. Goldman analysts say that even with a sour economy, they predict the 2023 investment return on the S&P 500 will most likely be between 9-12%. The Fed’s days of three-quarter-point rate hikes are behind us, said Philadelphia Federal Reserve President Patrick Harker in a blog post Friday. Better-than-expected price data shows that the Fed’s aggressive and economically painful rate hikes are successfully slowing the economy and fighting inflation, he said.

☆ Millennials are now the 'roommate generation' after being squeezed out of homeownership by high housing costs, said Redfin CEO
▼ + stars: | 2023-01-09 | by ( Robert Davis | ) www.businessinsider.com time to read: +4 min

Redfin CEO Glenn Kelman warns that millennials could become the 'roommate generation' due to high housing costs. Millennial homebuyers may find reprieve in the Midwest or quickly-deflating markets like Boise or Salt Lake City. "We have a whole group of Americans who can't afford homes, and that's happening right as Millennials are coming of homebuying age," Kelman said. One reason is that homes in these markets are typically selling for under their list price. Meanwhile, 59% of homes in Chicago are selling for under their asking price as of October 2022 compared to 45.5% of homes selling for under ask across the US.

☆ A 30-year investing vet who called the latest bear market warns that stocks have another 41% downside with US economy already in recession and the Fed continuing to ratchet up rates
▼ + stars: | 2022-12-31 | by ( William Edwards | ) www.businessinsider.com time to read: +7 min

Jon Wolfenbarger thinks the US economy is already in recession. With growth slowing and the Fed still tightening, Wolfenbarger thinks stocks are due for big losses. The S&P 500 is already down around 20% year-to-date. All of that spells further trouble ahead for stocks, Wolfenbarger said, despite the fact that the S&P 500 has already fallen about 20% in 2022. In a recessionary scenario, Goldman Sachs' David Kostin said the S&P 500 could fall to 3,150, though that is not his base case.

☆ Here's why egg prices surged in 2022. Those elevated costs could last into the first quarter of 2023, expert says
▼ + stars: | 2022-12-29 | by ( Greg Iacurci | ) www.cnbc.com time to read: +4 min

D3sign | Moment | Getty ImagesThe surge in egg prices has stood out in a year when Americans saw their bills balloon across the grocery store. Bird flu is largely to blame for rising egg pricesAbout 40 million egg-laying hens — "layers," in industry shorthand — have died this year due to avian flu, Moscogiuri said. Egg prices jumped 2.3% just in the month of November, and by 10.1% in October, according to the CPI. watch nowElevated egg prices "could last into the first quarter of 2023," Lapp said. It's also due to record egg prices somewhat dampening demand, he said.

☆ Here are the people who will lose out most if student loan forgiveness falls through
▼ + stars: | 2022-12-28 | by ( Annie Nova | ) www.cnbc.com time to read: +2 min

People of colorThe student debt crisis is cited as a main factor for the wide racial wealth gap in the U.S. today. Black college graduates owe an average $7,400 more than their white peers, a Brookings Institution report found. And that inequity only gets worse with time: Black college students owe more than $52,000 four years after graduation, compared with around $28,000 for the average white college graduate. WomenWomen were widely recognized as the biggest winner of Biden's student loan forgiveness plan, since they owe two-thirds of the country's outstanding student debt. "Women will be the most affected if loan forgiveness fails," Kantrowitz said.

☆ Hope Global Forums rallies business leaders for financial literacy, ‘so that everyone learns the language of money’
▼ + stars: | 2022-12-26 | by ( Frank Holland | In | ) www.cnbc.com time to read: +4 min

"Our goal is that by the time your kids grow up, financial literacy is in school — kindergarten through college — as a requirement so that everyone learns the language of money." To that end, Operation Hope in 2021 launched Financial Literacy for All, a joint initiative with businesses such as Walmart, Bank of America, Disney and many others. Ambassador Andrew Young were among the business leaders joining Bryant on stage at the Hope Global Forums in Atlanta to talk about silver rights and the power of financial literacy. "John Hope Bryant and I have come together to form Financial Literacy for All to take on financial education. Operation Hope is focused on wealth inequality in the Black community and communities of color, and narrowing that gap.

☆ ‘Porch pirates’ stole an estimated 260 million packages in the last year. How to prevent theft on your doorstep
▼ + stars: | 2022-12-18 | by ( Sarah O'Brien | ) www.cnbc.com time to read: +4 min

Andresr | E+ | Getty ImagesYou may not be the only person eager for packages to arrive at your house. Over the last year, an estimated 260 million delivered packages were stolen, according to a report from SafeWise, an online guide to security and safety products. The total annual lost to this type of theft is an estimated $19.5 billion, according to SafeWise. "The other aspect of this crime that makes it unique and likely to continue increasing is that there's very low risk and very low skill involved," Stickle said. If possible, you should sign up to receive an email or text message when your package is supposed to arrive and when it's actually delivered, Murray said.

☆ 'People need to temper their expectations': A former top TD Ameritrade technical analyst says stocks have another 19% to fall before bottoming as recession looms and investors wrongly anticipate a Fed
▼ + stars: | 2022-12-10 | by ( William Edwards | ) www.businessinsider.com time to read: +6 min

Year-to-date the S&P 500 is down 17% as the Fed tightens policy to rein in inflation. Bierman is the chief market technician at TheoTrade, and held the same position at TD Ameritrade between 2007-2015. The Fed has been tightening policy this year at the fastest pace in decades in an effort to cool the highest inflation rates since the early 1980s. The second problem is that the US economy is already in a recession, Bierman says. But the number one indicator for Bierman that the US economy is in recession is the yield curve.

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