Go to knowledge: Fourth of July travel, Social Security information and top financial news for July 1
seb_ra / iStock.com Welcome to July, folks. Here’s the roundup of today’s top financial stories. Have a great holiday weekend. The big takeaway: Americans stick to July 4 travel plans despite gas costs The main concern this Fourth of July is historically high gas prices at the pumps, but that won’t stop people from driving away to celebrate. The number of people traveling this weekend by car is expected to return to pre-pandemic levels. Read the full story here Social Security Benchmark: What is the average benefit at age 62? The amount of your retirement benefit depends on how much…
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The Packers business model shows the way to financial stability for newspapers
GREEN BAY — The Green Bay Packers’ business model could help save a newspaper, which would be appropriate since a newspaper helped save the Packers. Leaders of The Sentinela weekly publication in Aurora, Colorado with twice-daily e-mail newsletters, have been investigating whether the Packers’ model, based on public ownership of the team, could provide financial viability for the news organization. This week, Dave Perryeditor of The Sentinel and Laura Frankexecutive director of the Colorado News Collaborative, attended the annual Packers shareholders meeting at Lambeau Field so they could see up close what drove 539,062 shareholders, many of them outside of…
Read More »News of the Stock Exchange and Economy of July 28, 2022
JetBlue Airways on Thursday reached a deal to buy Spirit Airlines, a merger that could reshape the airline industry by putting pressure on the nation’s four dominant airlines. The deal, which values Spirit at $3.8 billion, would create the nation’s fifth-largest airline, with more than 10 percent market share, behind United Airlines, which has a nearly 14 percent share . Delta Air Lines and Southwest Airlines each control more than 17%, while American Airlines owns more than 18%. The merger is likely to face a thorough investigation by the Biden administration’s antitrust regulators, who have taken an aggressive stance against…
Read More »Ford shares jump as auto giant affirms outlook, raises dividend after second-quarter earnings crush
Ford (F) reaffirmed its 2022 outlook and raised the dividend on Ford shares late Wednesday after beating second-quarter earnings estimates. Ford shares rose on Thursday. Strong demand for traditional combustion and new electric vehicles offset supply and inflation headwinds, the automaker said. X “We are moving with purpose and speed into the most promising period of growth in Ford’s history,” Ford CEO Jim Farley said in an earnings release Wednesday afternoon. Ford’s earnings follow another move by the Federal Reserve on Wednesday to control inflation. The Fed raised interest rates by another 0.75%, which could make car loans, credit cards…
Read More »Meta Stock: A Long Road Out Of Muddy Morass
These aren’t exactly salad days for Facebook parents Metaplatforms (TARGET). In fact, one could argue that the social media giant is past its prime, as Meta’s stock has lost more than half its value since September. X For starters, virtually all of Meta’s revenue comes from advertising, which is currently declining and changing. Also, the company’s next big thing, the metaverse, is a decade or more away from taking off. In addition, the company has to manage many other perplexing challenges. They include increased competition and losses in tracking users. This is in addition to a threatening regulatory environment. All…
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5 Undervalued Dividend Growth Stocks
PM images The stock market is recovering from the lows of several weeks ago. Declining gas prices, possible grain shipments from Ukraine, improving supply chain issues and still-solid U.S. job growth have instilled investor confidence. However, the fear of recession and the Bear markets have driven stock prices lower, reducing valuations while simultaneously increasing dividend yields. So we screen and identify 5 undervalued dividend growth stocks for investors. Next, let’s talk about Best Buy Co., Inc. (ABY), Franklin Resources, Inc. (GOOD), Lincoln National Corporation (LNC), T. Rowe Price Group, Inc. (TROW), and Whirlpool Corporation (WHR) as long-term purchases. Overview We…
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How our GDP complex prevents us from asking: happiness or growth?
All of the questions this week about whether or not the US economy has fallen into recession missed an important consideration: What if the GDP measure we all focus on is itself deeply flawed? It is a heretical question, because there is a “GDP complex” here. There is a whole apparatus (economists, bankers, government officials and forecasters) of people whose livelihoods are based on measuring GDP, which is held up as the overall and final method of measuring economic health, or even social, of a country. And of course GDP growth is never quite “correct”. It’s too fast or too…
Read More »Columbia Threadneedle’s Nick Ring: ‘I took a low ego for granted’
When Nick Ring left the office of Threadneedle Investments on his last day in 2015, little did he know that he would return four years later as chief executive of its European business. The 56-year-old joined Threadneedle in October 2008 as head of product, leading the company to a global role following its merger with sister company Columbia Management in 2015. Despite being successful working in asset management the first time around, moving up the career ladder meant Ring traveled more than he would have liked. “I’ve always put family first,” says the father of three. “In 2015, the balance…
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