When doctors see you gaining weight, they can’t make you change your eating habits. They can only nudge you to shape up. The same goes for financial advisers who see you spending beyond your means. They can’t force you to stick to a budget. They can only prod you to…

The net worth of U.S. households rose by 2% in the first three months of the year to $148.8 trillion, putting it close to a record high and suggesting the economy might have enough fuel to keep growing or at least to avert a steep recession. Net worth increased by…

© Reuters. FILE PHOTO: U.S. Nikola’s logo is pictured at an event held to present CNH’s new full-electric and Hydrogen fuel-cell battery trucks in partnership with U.S. Nikola event in Turin, Italy, December 3, 2019. REUTERS/Massimo Pinca/File Photo By Abhirup Roy SAN FRANCISCO (Reuters) – Nikola’s top shareholder and founder,…

By Scott DiSavino NEW YORK (Reuters) -Oil prices gained about 3% to a one-week high on Thursday on a weaker U.S. dollar and a jump in refinery runs in top crude importer China. futures rose $2.47, or 3.4%, to settle at $75.67 a barrel, while U.S. West Texas Intermediate (WTI)…

By Sameer Manekar (Reuters) – Investors cut back short bets on emerging Asian currencies as most local central banks maintained their hold stance on interest rates, but remained in bearish territory for Malaysian ringgit and China’s yuan, a Reuters poll showed on Thursday. Since all the 10 poll responses were…

By Leika Kihara and Tetsushi Kajimoto TOKYO (Reuters) -The Bank of Japan maintained its ultra-easy monetary policy on Friday despite stronger-than-expected inflation, signalling it will remain a dovish outlier among global central banks and focus on supporting a fragile economic recovery. The central bank also reiterated its view that inflation…

Given the runup in AI-related valuations, separating the real deal from companies that are merely AI wannabes is critical. The first few things to consider are, will this company see revenue from AI and, if so, how soon. Although many AI stocks will not report enough AI revenue to survive…

We believe that Kimberly-Clark stock (NYSE: KMB) and its industry peer Colgate-Palmolive stock (NYSE: CL) may offer little returns in the next three years. KMB is trading at 2.2x trailing revenues compared to 3.4x for CL. Investors have assigned a higher multiple to Colgate-Palmolive CL stock due to its superior…

America May Now Be in a Youth-Cession: Consumers Over Age 60 Are Propping Up the Economy A big factor in the recent spending patterns is Social Security. Is America going into a recession or not? That depends on who you ask, and how old they are. Consumer households from their…

The Fiscal Responsibility Act of 2023 (H.R. 3746) is a done deal. The federal government avoided a debt default, at least for now. Shortly before President Biden signed the legislation, House Speaker Kevin McCarthy, R-Calif., made an interesting remark. Acknowledging that the new law was a stopgap measure, he proposed…