Mortgage Bonds Pose Big Questions for the Fed as It Starts Paring Its Balance Sheet. Here’s Why.

Mortgage Bonds Pose Big Questions for the Fed as It Starts Paring Its Balance Sheet.  Here’s Why.

The Federal Reserve is about to begin unwinding its balance sheet for the second time after the financial crisis, but this time the process will start sooner. Dreamstime Text size The Federal Reserve is about to start shrinking its massive balance sheet. Officials say the process will run in the background, but it probably won’t. … Read more

Thinking about buying a car? Here’s what experts say you need to know

Thinking about buying a car?  Here’s what experts say you need to know

A customer is shown a 2022 Toyota Prius at Longo Toyota in El Monte, CA on Wednesday, March 23, 2022. Medianews Group | Orange County Register via Getty Images People spend a lot of money on their cars and trucks. In fact, about 16% of the average American’s total budget goes to transportation, including vehicle … Read more

Tesla customer has been waiting more than 2 years for a Model X refund

Tesla customer has been waiting more than 2 years for a Model X refund

Danny Roman runs a sustainable, outdoor adventure company that gives biking and hiking tours in Southern California. Danny Roman Danny Roman bought a new Tesla Model X and took delivery of the car on Feb. 28, 2020. Three days later, he informed the company he was returning the electric SUV under the seven-day, no-questions-asked policy … Read more

Big banks’ earnings and a hot inflation report could sway markets in short holiday week

Big banks’ earnings and a hot inflation report could sway markets in short holiday week

A trader on the NYSE, March 11, 2022. Source: NYSE Markets face what could be a hot inflation report in the week ahead and a batch of big bank earnings to start the earnings season. JPMorgan Chase and BlackRock kick off the financial industry’s first-quarter earnings releases Wednesday, with Citigroup, Wells Fargo, Morgan Stanley and … Read more

Own stocks that are cheap on a price to earnings basis

Own stocks that are cheap on a price to earnings basis

CNBC’s Jim Cramer on Friday previewed next week’s roster of earnings and advised investors to stick to companies that are profitable yet affordable for investors to own. “In this environment, you need to own companies that make stuff and do things profitably, but let’s add, also, with stocks that remain cheap on a price to … Read more

Peter Thiel’s ‘sociopaths’ know something he doesn’t

Peter Thiel’s ‘sociopaths’ know something he doesn’t

Warren Buffett during an interview with CNBC’s Becky Quick on February 24, 2020. Gerry Miller | CNBC My first experience with one of the men Peter Thiel called a “sociopathic grandpa from Omaha” was in the early 1990s. Joe Kernen and I were winding up a “stocks to watch” segment and discussing Berkshire Hathaway’s earnings. … Read more

Here’s how the Fed raising interest rates can help get inflation lower, and why it could fail

Here’s how the Fed raising interest rates can help get inflation lower, and why it could fail

A customer shops at at a grocery store on February 10, 2022 in Miami, Florida. The Labor Department announced that consumer prices jumped 7.5% last month compared with 12 months earlier, the steepest year-over-year increase since February 1982. Joe Raedle | Getty Images That higher interest rates help stamp out inflation is essentially an article … Read more

Tesla, Block, Blockstream to mine bitcoin off solar power in Texas

Tesla, Block, Blockstream to mine bitcoin off solar power in Texas

Solar panels are seen in this drone photo at the Impact solar facility in Deport, Texas, July 15, 2021. UAV Base | Reuters MIAMI — Blockstream and Jack Dorsey’s Block, formerly Square, are breaking ground on a solar- and battery-powered bitcoin mine in Texas that uses solar and storage technology from Tesla. Tesla’s 3.8 megawatt … Read more

As inflation bites, higher-income consumers are cutting back, too

As inflation bites, higher-income consumers are cutting back, too

Miami, Florida, Brickell City Center shopping mall with Apple Store, Chanel and escalators. Jeff Greenberg | Universal Images Group | Getty Images With as much as 60% of US consumers living paycheck to paycheck, it’s not a surprise to see that the spending cutbacks have started. Even with a strong job market and wage gains, … Read more

Jeep says its new electric Wrangler SUV concept is as fast as a Tesla

Jeep says its new electric Wrangler SUV concept is as fast as a Tesla

Electric Jeep Wrangler Magneto 2.0 concept vehicle Jeep DETROIT — Jeep has redesigned an all-electric concept version of its flagship Wrangler, as the brand pivots from gas guzzlers to zero-emissions EVs. The Jeep Wrangler Magneto 2.0 concept vehicle comes a year after the Stellantis brand unveiled the first version of the all-electric SUV. Concept vehicles … Read more