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Elon Musk has been hit by a lawsuit from a Twitter shareholder accusing the Tesla CEO of criticizing the company he bought and casting doubt on the deal to lower Twitter’s value. The proposed class action, filed Wednesday in US District Court for the Northern District of California, alleges Musk wanted to lower Twitter’s stock … Read more
There is no doubt that it has been a challenging year to be an investor. Since hitting its all-time high in January, the iconic Dow Jones Industrial Average entered correction territory with a loss of more than 10%, while the benchmark S&P 500 briefly plunged into a bear market. It was an even tougher struggle … Read more
Image Source: Getty Images Is a pool really worth the price? Most important points: A few years ago I installed an inground swimming pool at my home. My pool costs me money every year for extra electricity, chemicals and opening and closing. I’m still glad I put in the pool, even though it has significant … Read more
Emerging market bonds are suffering their worst losses in nearly three decades, hit by rising global interest rates, slowing growth and the war in Ukraine. The benchmark index of dollar-denominated emerging market government bonds, the JPMorgan EMBI Global Diversified, has posted total returns of around minus 15 percent so far in 2022, its worst start … Read more
When Abby Brothers first saw the Page Mansion for sale online, she knew she had found a forever home. But the 6,000-square-foot home in Aberdeen, North Carolina, was not yet habitable. The six-bedroom mansion—which had been vacant for about 40 years—had broken windows and collapsed floors. Not those who shy away from a project, Abby, … Read more
asbe/iStock via Getty Images What happened? The better question is what didn’t happen! Just a few weeks ago, the prevailing view was that the Fed was lagging far behind. Powell had to raise interest rates significantly to quell raging inflation like none seen in 40 years. Some are even calling for a 100 basis point … Read more
(Selena Maranjian) The Cambridge Dictionary defines “investment” as “the act of putting money, effort, time, etc. into something to make a profit or gain an advantage, or the money, effort, time, etc. to do this.” This seems like a better definition than those referring only to money, as there are certainly other types of investments. … Read more
WWith the invasion of Ukraine and lockdowns in China putting additional pressure on a supply chain yet to recover from the ongoing pandemic, many are predicting a global recession. Elon Musk says bring it on. “This is actually a good thing,” Musk said in reply to a question from a Twitter user. “It’s been raining … Read more
Sticker shock is everywhere, from burgers to sandwiches, from ketchup to mustard. The good news is that there is some now price reduction in stores. In the four weeks through May 15, the price per package of ground beef rose 14.7% compared to the previous year, according to market research firm IRI, which surveyed total … Read more
Homebuyers on the hunt this summer may find the process more expensive, competitive and frustrating than ever. Faced with higher mortgage rates and a market with too many people competing for too few homes for sale, buyers tired of being outbid are looking for strategies to stand out.