Also, dividend stocks, signals of better times for housing and an investing mistake to avoid.
Snap SNAP issued a revenue warning late on May 23 — not so unusual this earnings season — but the company used some harsh words, saying “the macroeconomic environment has deteriorated further and faster than anticipated.”A related warning: “I feel like I am reliving the summer of 2008.”...
Here’s a possible catalyst for rising stock prices through midyear Some money managers have to rebalance portfolios for pensions, mutual funds, institutions and even individual clients each quarter. Here’s why rebalancing might lead to a $250 billion inflow for stocks by June 30.Also read: Both stock-market bulls and bears claim today’s margin debt supports their view.
Former Federal Reserve chairman Ben Bernanke said this week that he expects the central bank to succeed in reducing inflation. Bernanke also explained why the Fed hadn’t moved more quickly to tame inflation.A different take on inflation Mark Hulbert explains why inflation is already subsiding, despite the increase of more than 8% for the consumer-price index in April from a year earlier. Data released Friday supports that view.
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Where to find the biggest Memorial Day Weekend salesRetailers cutting prices on mattresses, appliances, and furniture for Memorial Day weekend.
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PM Update: Scattered storms this evening, with heavy rain possibleWe're not quite done with this bad weather, but we're setting up a good-looking weekend.
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Cold front brings Friday rain, storms followed by mainly dry Memorial Day weekendAction News Jax Chief Meteorologist Mike Buresh says storms will diminish by late afternoon and we will clear out nicely.
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Nassau County beefing up water patrols for Memorial Day weekend, warning against speeding, BWINassau County is increasing waterway patrols ahead of the busy Memorial Day holiday weekend and urging boaters to refrain from drinking and driving.
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