Texas is known for fiercely promoting its oil and gas industries, but it’s also the No. 2 renewable energy producer in the country after California. In fact, more than a quarter of all the wind power produced in the United States in 2021 was generated in Texas. These projects benefit from a lucrative state tax…
PayPal Holdings Inc. pleased investors when it announced a new $15 billion buyback authorization alongside a suite of other shareholder-friendly moves earlier this week. Now investors will have to hope that the company executes better with its new buyback plan than it has in the past. While the e-commerce giant has been repurchasing stock for…
Read More “PayPal’s buyback history has been ‘very poor.’ Can a new CFO help change that?” »
Dear Quentin, My spouse and I spent years saving for a new house, and living well below our means. It may sound weird, but now that we have a new home, we feel overwhelmed by the prospect of spending our savings on the items we were actually saving towards. Basically, my partner feels bolstered by…
The credit reporting industry may have flaws, but it’s one we’re more or less stuck with. Equifax EFX, +3.25%, one of the three main credit bureaus, sent faulty scores to millions of lenders, resulting in higher interest rates and denied applications, the Wall Street Journal reported this week. This follows a data breach by the…
The pace at which food prices rise matters not just because it directly impacts household budgets, especially for those at the lower end of the income distribution, but also because the visibility of food price changes helps to shape the public’s expectations of inflation which itself can contribute to higher inflation. Annualized food inflation is…
Read More “Opinion: Food inflation remains stubbornly high in the US and Europe” »
CAMBRIDGE, Mass. (Project Syndicate)—Recent price- and wage-growth data make it increasingly clear that the US economy’s underlying inflation rate is at least 4% and more likely to be rising than falling. Although the Federal Reserve has acted forcefully in recent months to contain inflation, unfortunately it will need to stick to its plan of rapid…
We’re running out of Americans. Not exactly, but sort of. A new report from the Congressional Budget Office says that the US-born population is going to start falling from around 2043. That’s when deaths will exceed births. After that, says the CBO, all Population growth in America will come only from immigrants. But the issue…
Read More “Opinion: Without more immigrants, Social Security (and America) is toast” »
You’re tempted to increase exposure to stocks because of the market’s strength. But you’re still gun shy because of the painful selloff. Plus, you’re worried about a recession. What to do? Buy health-care stocks. They have plenty of defensive characteristics that help them outperform in recessions and late in economic cycles. But they also generate…
With inflation running high for the last 14 months, we can sadly conclude it’s entrenched, will be difficult to conquer and is hardly the province of the Federal Reserve alone. The present morass stems from both sides of the supply-demand scissor. Too much COVID spending and the Federal Reserve printing money to finance resulting federal…
Read More “Opinion: The Fed’s inflation promises are simply not credible” »
After seeing its shares lose roughly two-thirds of their value in the past year, PayPal Holdings Inc. delivered a packed earnings report Tuesday, announcing a new chief financial officer, buyback authorization and cost-savings program, while also confirming that activists at Elliott Management Corp. have taken a stake in the company. Additionally, the company topped expectations…
Read More “PayPal earnings packed in much more than just numbers” »
