Here are the best deals

Here are the best deals

Amazon Prime Day is one of the most anticipated shopping events of the year. But in 2022, shoppers may be less interested in backyard entertaining or Black Friday-type deals and more eager to score discounts on consumer staples to counteract runaway inflation. “People who want to participate in Prime Day are going to be focusing … Read more

Why many young ESG investors also own cryptocurrencies

Why many young ESG investors also own cryptocurrencies

Students participate in the Global Climate Strike march in New York City. Johannes Eisele | dpa | Getty Images As the bull market flourished in 2021, many investors took a shine to investments that reflected their values. Environmental, social and corporate governance — or ESG — investments attracted record levels of new assets. Last year, … Read more

Inflation and Fed sparking one way trip to market misery: Jim Bianco

Inflation and Fed sparking one way trip to market misery: Jim Bianco

Until inflation peaks and the Federal Reserve stops hiking rates, market forecaster Jim Bianco warns Wall Street is on a one way trip to misery. “The Fed only has one tool to bring in inflation and that is they have to slow demand,” the Bianco Research president told CNBC “Fast Money” on Tuesday. “We may … Read more

Inflation augurs record 2023 Social Security cost-of-living adjustment

Inflation augurs record 2023 Social Security cost-of-living adjustment

Picture Source | Getty Images New government inflation data came in hotter than expected last week. If record-high prices don’t subsidize, that will lead to a higher Social Security cost-of-living adjustment in 2023. Yet even with a more generous boost to benefits next year, there’s a growing campaign to change the way those annual benefit … Read more

Consumers changing eating, shopping clothes as inflation pushes up prices

Consumers changing eating, shopping clothes as inflation pushes up prices

A man shops for meat at a Safeway grocery store in Annapolis, Maryland, on May 16, 2022, as Americans brace for summer sticker shock as inflation continues to grow. jim watson | AFP | Getty Images The highest inflation in roughly 40 years is prompting people to shift their shopping clothes, especially at the grocery … Read more

Merrill advises clients to make these moves amid higher volatility

Merrill advises clients to make these moves amid higher volatility

Ilkercelik | Istock | Getty Images The volatility that’s gripped the markets for weeks has prompted some investors to ask, “Is this the bottom?” But waiting for that market low may prove elusive. “There’s no ‘the’ bottom,” said Chris Hyzy, chief investment officer at Merrill and Bank of America Private Bank. “We are in the … Read more

Consumers defy inflation to support economy. For how long?

Consumers defy inflation to support economy.  For how long?

WASHINGTON — With prices across the economy — from food, gas and rent to cars, airfares and hotel rooms — soaring at their fastest pace in decades, you might think Americans would tap the brakes on spending. Not so far. Consumers as a whole are showing surprising resilience, not only sustaining their spending but increasing … Read more

High inflation points to bigger Social Security COLA in 2023

High inflation points to bigger Social Security COLA in 2023

Joe Raedle | Getty Images News | Getty Images Social Security beneficiaries could see another record cost-of-living adjustment in 2023, based on the latest government data showing persistent high inflation. But that increase may not be enough to counter the loss in buying power recipients have experienced over the years, according to a new analysis … Read more