Economic news

Car insurance rates jumped last month.  Why they might peak.

Car insurance rates jumped last month. Why they might peak.

Car insurance prices still seem out of control for many consumers as premiums jumped again last month. But there may be some cooling ahead. Core inflation rose 3.2 percent year-on-year in February, according to the latest CPI release on Tuesday. On a monthly basis, it rose by 0.4%, with food prices remaining relatively stable and …

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Car prices are finally coming down.  It looks like a buyer’s market.

Car prices are finally coming down. It looks like a buyer’s market.

The high cost of new cars has been a concern among buyers and investors in the automotive sector for several years since Covid-19 ravaged the global economy. But now a change is happening. New cars are becoming more affordable—and that’s a good thing for car buyers. This is good even for car investors who tend …

Car prices are finally coming down. It looks like a buyer’s market. Read More »

Car prices are finally coming down.  It looks like a buyer’s market.

New cars are becoming more affordable. That’s good for buyers and auto stocks.

The high cost of new cars has been a concern among buyers and investors in the automotive sector for several years since Covid-19 ravaged the global economy. But now a change is happening. New cars are becoming more affordable — and that’s a good thing for car buyers. This is good even for car investors …

New cars are becoming more affordable. That’s good for buyers and auto stocks. Read More »

US consumers continue to shop and switch auto insurance at higher rates, reducing carrier retention rates

US consumers continue to shop and switch auto insurance at higher rates, reducing carrier retention rates

According to the LexisNexis Insurance Demand Meter, a “hot” Q4 of 2023 means continued rate hikes along with improved compounding ratios, and now opens a window for insurers to take advantage of continued shopping as they look for a return to profitability in 2024. ATLANTA, February 21, 2024 /PRNewswire/ — Key findings US auto insurance …

US consumers continue to shop and switch auto insurance at higher rates, reducing carrier retention rates Read More »

Capital Gains Taxes: What you need to know when selling your home or other asset

Capital Gains Taxes: What you need to know when selling your home or other asset

Capital gains taxes are levied when you sell an asset, such as your home or stocks. They are paid to both the state and federal governments. The government collects a percentage tax on profit or gain of the asset while it is in your possession. As you think ahead to tax season, know that capital …

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Navigating a Changing Investment Landscape

Navigating a Changing Investment Landscape

Research explores opportunities in multi-alternative strategies, core private infrastructure, private equity and commercial real estate NEW YORK, January 16, 2024 /PRNewswire/ — JP Morgan today released its 2024 outlook for the alternative investment landscape. www.jpmorgan.com/altsoutlook. Uncertainty has remained a central theme in financial markets over the past few years. Rising inflation, rapid interest rate hikes, …

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Cash was king. Why you should move away from it.

The Federal Reserve’s fastest and biggest campaign to raise interest rates, which began in early 2022, lifted returns on money market funds and other money-like investments north of 5%. For investors buffeted by volatile stock and bond markets, it’s hard to resist cash. “Clients have loved it this year,” says Rebecca Boyd, wealth adviser at …

Cash was king. Why you should move away from it. Read More »