Growling Bear Market On Monday, the economic malaise that’s been causing market volatility received a more formal confirmation. The S&P 500 is now trading down more than 20% from January’s high, entering bear market territory. Along with inflation hovering at a 40-year high, it’s fair to say optimism has been [...]
Market Has Bite As Americans adjusted to spending more time at home during the pandemic, there was a buying spree for pets. Similar bursts of demand were seen in other pockets of the market such as home exercise solutions and streaming services. Now, as people emerge from their COVID-19 hibernations, [...]
Interest-Free Offer Apple (AAPL) has announced it will offer a buy now pay later (BNPL) service to its customers, leaning on its substantial cash reserves to back the loans. Using “Apple Pay Later,” shoppers will be able to pay for their Apple purchases over time, in four interest-free installments. This [...]
Decades of Recycling Recover, a materials-science company, can trace its founding back to 1914. At that time it was a textile factory in a small town in southeastern Spain. The company’s CEO, Alfredo Ferre, notes the use of sustainable materials goes back nearly as far. For 75 years it has [...]
US and Canada iOS Users Amazon (AMZN) has announced shoppers can now experience “Virtual Try-On Shoes,” which will allow them to see how footwear will look on their feet before clicking “buy”. Using their cell phone camera, customers can get a view into their potential new look from different angles. [...]
If you’re wondering how much student debt is weighing on your workforce, consider this: A SoFi at Work Financial Well-Being poll found that roughly half of employees would choose to get their student loans paid off over an extra month of vacation, a big raise or promotion, flexible or remote [...]
Plenty of Room at the Hotel Cash-ifornia Spoiler alert: a lot of money has flowed out of risk assets this year. As of the end of May, more than $200 billion has come out of equity funds alone YTD — not surprising given the market’s rough start to the year [...]
Sector Wide Struggle The stock market has stumbled this year and its technology segment is getting hammered. The S&P 500’s information technology sector is down nearly 20% this year with the broader index down only 13% by comparison. The tech rout is evident with industry leaders such as Facebook parent [...]
Monthly Income Estimate The 2019 Secure Act required inclusion of “lifetime income” on 401(k) statements. Many Americans will get their first look at these illustrations on their Q2 2022 statements. The timing for the rollout of the information is awkward given the way portfolios have shrunk during the market’s 2022 [...]
Commodity Classification The Responsible Financial Innovation Act was introduced yesterday in the Senate. It’s the first major attempt to regulate cryptocurrencies and other digital assets. Lawmakers say the bill would provide a regulatory framework and promote transparency. In a broad sense, the legislation aims to classify coins and tokens as [...]
