Author: super@dmin
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: Credit-card balances just experienced the biggest annual jump in more than 20 years, Fed says
The third quarter brought higher credit-card and mortgage balances, adding $351 billion to household debt, according to the New York Fed.
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The Moneyist: ‘He is financially secure, and owns two homes’: I finally met the man of my dreams, but he treated our waitress like dirt and tipped her 10%. Am I overreacting?
‘He treated her worse than they treat their servants in Downton Abbey.’
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Earnings Outlook: Nvidia’s gambit to salvage China data-center sales, gaming-card market questioned heading into earnings
Whether Nvidia Corp. will be able to rescue $400 million in at-risk China data-center sales and when gaming-card sales will normalize as the sector faces a crowded holiday lineup are two big questions investors want answers to this week.
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Paul Brandus: Republicans face a diminished future as a strong and steady blue wave washes over America
Demographic trends are working against Republicans — witness what happened in the midterm elections.
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Futures Movers: Oil futures move up after touching their lowest prices in 3 weeks
Oil futures inch higher on Tuesday, shaking off early losses that pulled prices for global and U.S. benchmark crude to their lowest intraday levels in three weeks, as traders continue to weigh prospects for oil demand.
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The Fed: Fed’s Barr expects ‘significant softening’ in economy and rising unemployment
The U.S. economy is likely to slow significantly in coming months, said Fed Vice Chairman for Supervision Michael Barr on Tuesday.
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: Google must ‘take aggressive action’ to slash expenses, activist investor says
Google parent Alphabet Inc. must “take aggressive action” to cut costs, according to an activist investor
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: House prices will fall in 2023, but affordability will be at its worst since 1985, says Capital Economics
‘As bidders become scarcer, market power will shift further from sellers to buyers,’ a new report says.
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Crypto: Why do people invest in crypto? ‘It’s partly fraud and partly delusion,’ says Charlie Munger
‘There are people who think they’ve just got to be in on every deal that’s hot…I think it’s totally crazy,’ he added in the wake of FTX’s bankruptcy filing.
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The Fed: Fed’s Bostic says more rate hikes are needed
The Federal Reserve needs to keep raising its benchmark interest rate until there are signs of a ‘broad-based easing of inflation.