Why some families may want to opt out of the child tax credit payments starting in July
Come July 15, millions of American families will start receiving payments through the enhanced child tax credit that may amount to hundreds of dollars each month through the end of 2021. Yet some families eligible for the payments may decide that rather than receive the money now, they’d prefer to wait and claim the entire […]
Climate change is impacting retirement plans. How older Americans are adapting
The threat of climate change is shifting some older Americans’ retirement plans. Extreme weather such as hurricanes, flooding, freezing temperatures and wildfires has prompted some to rethink where they will spend their golden years. “Clients are seeing it for themselves and starting to adjust plans as a result,” said John McGlothlin III, a certified financial […]
Stocks making the biggest moves in the premarket: G-III Apparel, U.S. Concrete, QTS Realty Trust & more
Amazon.com (AMZN) – CEO Jeff Bezos announced that he and his brother Mark will join an auction winner aboard the first human spaceflight by Bezos’ Blue Origin on July 20. Bezos is set to step down as Amazon CEO on July 5 in favor of Andy Jassy. U.S. Concrete (USCR) – The concrete supplier agreed […]
Concerns over inflationary pressure on earnings will test stocks in the week ahead
Source : CNBC Earnings will be the major focus for investors in the week ahead, as they home in on whether rising costs are squeezing margins and signaling a build in inflationary pressures. From Coca-Cola and IBM to Johnson & Johnson and Netflix, investors will hear from a broad swath of corporate America. So far, with one week in, companies are beating earnings […]
Earnings season is about to get underway and that could be a positive catalyst for stocks
Source : CNBC The earnings reporting season gets underway in the week ahead, and it is expected to be a positive catalyst that could continue to send stocks higher for now. The Dow and S&P 500 start the week at record highs after a strong rally Friday. The coming week is packed with Federal Reserve speakers and important […]
The economy is expected to boom in the second quarter, and that’s good news for stocks
Source : CNBC The nation’s economic growth is in for a boost in the second quarter, as parts of the economy most impacted by the pandemic reopen. Never before has the service sector led the U.S. into a recession or so many trillions of dollars in stimulus have been applied. But with more Americans vaccinated and more states reopening […]
The end of the quarter could create volatility for markets in the week ahead
Source : CNBC Stocks could be buffeted by end-of-quarter trading in the week ahead, as pension funds and other big investors buy bonds and sell stocks to rebalance their portfolios. The dramatic move higher in bond yields this quarter sets up fund managers to shift their holdings, to make up for the shortfall in bond holdings. The focus […]