Tag: Investment

Landlords: Save Money With These Tax Reduction Strategies

Owning one or more rental properties is an excellent way to ensure an ongoing income. Knowing the best tax reduction strategies and applying them can make your investment even sweeter. First, a Note About Record-keeping To ensure that you can claim as many tax write-offs as possible on your investment property, keep all your receipts–and…


Climbing Rates, Halt in Refinancing Blamed for Mortgage Industry Nosedive

Headlines across the nation continue to trumpet the recent slump in the mortgage industry, as thousands of loan professionals now find themselves furloughed for the time being. Industry giants like JP Morgan Chase and Loan Depot are planning to slash thousands of jobs, while published reports indicate layoffs have been in the hundreds at Wells…


Ohio Leads Class-Action Lawsuit Against Facebook

A federal judge has named Ohio the lead plaintiff in a class-action lawsuit that seeks to represent all Facebook investors who lost money  in the wake of revelations about the company. Filed in U.S. District Court for the Northern District of California, the suit accuses Facebook of violating federal securities laws by publicly misrepresenting its…


4 Critical Traits You Need to Build Wealth

Article by Brian H. Robb For many people, success is synonymous with wealth or celebrity. Consequently, libraries and booksellers offer thousands of books, studies and articles with advice on how to get rich. Authors of get-rich schemes target a growing audience that believes there is hidden knowledge about accumulating wealth. The gullible spend thousands of dollars in a…


Gold and Silver Investing: Is Silver Playing Catch-Up to Gold?

During tumultuous financial periods when the market is anything but certain, investors flock to the precious metals market as a safe, low-risk option for diversifying their portfolios. Specifically, seasoned investors and hard-asset enthusiasts pay close attention to the gold-silver ratio, which dictates the market strategy of many business owners and entrepreneurs. Many investors closely monitor this…


France, Italy, and Spain See Improvements in Growth, While Germany Stagnates

The eurozone economy in general grew more than three times than economists had expected, despite inflation in the 19-member currency bloc, rising by 8.9 percent, up from a 8.6 percent rate last month, an all-time high. Analysts claim that the unexpected growth will put the greater European Union (EU) economy on a stronger footing, despite…


GDP Prints at a Technical Recession

NEW YORK (July 28th)—GDP printed at -0.9 percent this morning, 1.4 percentage points worse than market expectations of +0.5 percent. We had estimated the GDP to print up between nil to 0.5 percent up in our June Jobs Report.  We attribute the “miss” to a continuing anomaly from the ports being cleared, discussed more below. The…


Pelosi’s Husband Sells Nvidia Shares at Major Loss Ahead of House Vote on Chipmaker Subsidies

A recent filing by House Speaker Nancy Pelosi (D-Calif.) shows that her financier husband Paul Pelosi offloaded nearly $5 million worth of graphics card giant Nvidia shares just days before House lawmakers are set to consider legislation that would provide billions in government subsidies for U.S. semiconductor production. In a periodic transaction report signed on Tuesday,…


American Consumer Confidence Slips Further in July, for Third Consecutive Month

American consumer confidence for July, hit its lowest level since February 2021, as deep concerns over higher inflation and rising interest rates, suggest poor economic growth in the early part of the third quarter. The Conference Board released its July 26 Consumer Confidence Index, which reflects current business conditions and potential developments for the months ahead….


Germany ‘On Cusp of Recession’ as Business Confidence Plummets

German business confidence fell sharply in July, with both current and future indicators of sentiment taking a nosedive, according to the ifo Institute, whose president warned that the country now stands “on the cusp of a recession.” The overall index fell to 88.6 points in July, down from 92.2 points in June, the lowest since…