Author: super@dmin
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Rex Nutting: Household wealth down by $13.5 trillion in 2022, second-worst destruction on record
The bear market in stocks and rapid inflation eroded the real wealth of American households during the first three quarters of 2022.
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Personal Finance Daily: Foreclosure activity rose 57% from a year ago in November, and was highest in these U.S. cities and Americans are trimming their holiday gift spending
Friday’s top personal finance stories.
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The Wall Street Journal: Justice Department urges judge to hold Trump’s legal team in contempt over Mar-a-Lago case
Federal prosecutors urged a judge in a closed-door hearing Friday to hold Donald Trump’s legal team in contempt of court for failing to fully turn over all classified documents, a source said.
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Market Extra: The Dow industrials are on the verge of a ‘golden cross,’ even as BlackRock predicts recession like no other
An upbeat golden cross appears to be forming in the Dow Jones Industrial Average, more than nine months after a bearish pattern appeared in March.
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The Wall Street Journal: Juul to pay $1.7 billion in legal settlement involving more than 5,000 lawsuits
Juul Labs Inc. has agreed to pay $1.7 billion in a broad legal settlement covering more than 5,000 lawsuits, according to people familiar with the matter.
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Crypto: The Block CEO showed ‘serious lack of judgment’ in taking loans from FTX’s Sam Bankman-Fried and not disclosing them
The Block announced that Michael McCaffrey stepped down as CEO after failing to disclose loans from FTX affiliate Alameda Research.
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: Foreclosure activity rose 57% from a year ago in November, and was highest in these U.S. cities
The foreclosure process began on nearly 20,700 U.S. properties last month, though that was down 5% from October, Attom said in a new report.
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The Tell: Investors won’t see relief until 2024 in the form of Fed rate cuts, warns Credit Suisse
Central banks are popping ‘pandemic-inspired bubbles’ in housing, crypto, SPACs and more, but ‘much more probably needs to be done,’ says Credit Suisse.
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Retirement Weekly: Be on your guard against Wall Street’s 2023 forecasts
Few forecasters ever go back and assess how their previous forecasts fared
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Retirement Weekly: Inflation, longevity and a volatile stock market: how realistic are your retirement plans?