Hello! Welcome back to Distributed Ledger, our weekly crypto newsletter that reaches your inbox every Thursday. I’ll walk you through what’s going on in the current bear market. As usual, find me on Twitter at FrancesYue_ to send feedback, or tell us what you think we should cover. You can also reach me through email…
US stocks opened sharply lower on Thursday following the release of closelywatched inflation data, while Wall Street was headed for its worst first half of the year in more than 50 years. How are stock-index futures trading? The S&P 500 dropped 72 points, or 1.9%, to 3,746. Dow Jones Industrial Average fell 509 points, or…
Read More “Dow down more than 500 points as brutal first half comes to close” »
Millions of Americans will be driving from sea to shining sea over the Fourth of July weekend, historically high gas prices be damned! That’s according to AAA’s Independence Day travel forecast, which expects a record 42 million people to hit the road during the holiday weekend spanning June 30 to July 4, even as national…
Read More “Fourth of July travel: 42 million people to hit the road, despite gas prices” »
More than 120 companies including Intel, Nvidia and Texas Instruments recently signed a letter urging Congress to accelerate negotiations to get a bill passed that would massively scale chipmaking in the US. The group of A-list companies, which also includes Amazon AMZN and Microsoft MSFT, design, manufacture or provide critical infrastructure to the semiconductor industry….
President Joe Biden’s recent statement that the United States would intervene militarily if China tried to take Taiwan by force was hardly a gaffe. The US policy of strategic ambiguity has outlived its usefulness. Since President Richard Nixon went to China and put the two nations on the path to normalized diplomatic and trade relations,…
Read More “Opinion: Defending Taiwan starts with standing up to Putin” »
Micron Technology Inc.’s earnings on Thursday will provide a much-anticipated clue into a problem that has worried Wall Street all year about the chip industry: Whether customers have been hoarding chips during the global shortage. Last quarter, Micron Chief Executive Sanjay Mehrotra said that sales to data-center customers had eclipsed those to the mobile market,…
Read More “Micron earnings to provide more clues as to whether chip boom has passed” »
A little more judging by stock futures reaction this morning. Thank China for some of that as the country announced the biggest easing in COVID travel requirements since about March 2020. China’s news may add to the sense that inflation has peaked, given the supply constraints that the lockdown there has produced. That brings us…
This article is reprinted by permission from NerdWallet. A summer road trip used to be a cost-effective, easy getaway. This year, soaring gas prices and expensive rental cars might make you think twice about hitting the road. According to the American Automobile Association, a federation of motor clubs throughout North America, the average gas price…
Read More “Can you afford a road trip this summer? Here’s how to do it and save money.” »
Multinational is one thing, but 2022 hasn’t been the year for stocks to have a truly international presence. According to analysis from Goldman Sachs, S&P 500 companies with high domestic sales exposure have been outperforming stocks with a high international sales by 9 percentage points. Granted, it’s not a great performance, with the domestic basket…
This year’s stock price declines to make an increasing number of stocks with high dividend yields of at least 5%. Below is a screen that highlights 29 that appear to be able to raise their payouts considerably. There are different approaches to selecting dividend stocks. For example, John Kornitzer, who co-manages the Buffalo Flexible Income…
Read More “These dividend stocks yield at least 5% and have plenty of room to raise payouts” »
