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10 key things to consider in your New Year's financial planning

10 key things to consider in your New Year’s financial planning

There’s no denying that 2023 will be tough, but focusing on financial planning for the new year might help. From soaring inflation and rising interest rates to the lingering effects of the pandemic and war in Ukraine, we can expect the economic landscape to remain unpredictable for the foreseeable future. Yet, while there is little …

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BlackRock says the market is mispricing these key risks.  Here is his advice on stocks and bonds.

BlackRock says the market is mispricing these key risks. Here is his advice on stocks and bonds.

Wall Street is on a five-day losing streak. The decline, as measured by the S&P 500 SPX, -0.19%, 3.6% isn’t so great, but it seems hopelessly inevitable once the benchmark fails to hold above its 200-day moving average. The relapse of every rally in 2022 is recognition that equities’ relationship with central banks has changed. …

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Used car loan payments passed a key level

Used car loan payments passed a key level

Buying a used car remains expensive even though supply chain bottlenecks have eased, bringing the average loan size to $28,506. Consumers still rely heavily on financing for car purchases, and the average loan size rose 8.59% year-on-year, according to credit rating firm Experian. There are still some glimmers. “Since the beginning of the inventory shortage, …

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Live stock market news updates: Stocks fall despite softer reading in key Fed inflation gauge

Live stock market news updates: Stocks fall despite softer reading in key Fed inflation gauge

U.S. stocks fell on Thursday in a pessimistic start to December as fears of a recession seemed to outweigh falling inflation and signals that the pace and magnitude of rate hikes were slowing from the start. end of this month. The S&P 500 (^GSPC) slipped 0.2%, while the Dow Jones Industrial Average erased more than …

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The key measure of inflation tracked by the Fed rose 0.2% in October, less than expected

The key measure of inflation tracked by the Fed rose 0.2% in October, less than expected

Inflation rose in October roughly in line with estimates, sending a sign that price increases may at least level off, the Commerce Department reported Thursday. The Core Personal Consumption Expenditure Price Index, a gauge that excludes food and energy and is favored by the Federal Reserve, rose 0.2% for the month and 5% from last …

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As Ukrainian forces retake key town, another elite Russian unit appears to have gone through 'the meat grinder'

As Ukrainian forces retake key town, another elite Russian unit appears to have gone through ‘the meat grinder’

Destroyed apartments in the Ukrainian town of Lyman on November 27.Metin Aktas/Anadolu Agency via Getty Images During the Ukrainian counteroffensive this fall, Ukrainian troops surrounded the town of Lyman. Lyman is an important hub in eastern Ukraine, and a larger Russian force was trapped there. Russian troops at Lyman and those that withdrew suffered heavy …

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China EV stocks rise above key level as Great Overhang begins to lift

China EV stocks rise above key level as Great Overhang begins to lift

Sales of electric vehicles in China are expected to increase in a seasonal November, with Nio (NIO) is poised to rebound as supply headwinds ease and new models surge. XPeng (XPEV) surged on Wednesday, driving Chinese electric vehicle stocks sharply higher after a better-than-expected fourth-quarter delivery outlook. More signs emerged on Wednesday of a shift …

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Chevron can resume a key role in Venezuela's oil production and exports

Chevron can resume a key role in Venezuela’s oil production and exports

WASHINGTON/HOUSTON, Nov 26 (Reuters) – Chevron Corp on Saturday received a U.S. license allowing the second-biggest U.S. oil company to expand production in Venezuela and ship crude oil from the South American country to the United States . The ruling grants broader rights to the last major US oil company still operating in US-sanctioned Venezuela. …

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