Atlanta woman loses $120K to fake financial adviser — here are the warning signs of investment fraudAn Atlanta woman, who chose to protect her identity with the pseudonym Yvonne, was defrauded of her life savings by a fake financial adviser.Prior to the scam, she said she’d prided herself on her “common sense” and research skills. “My family would be the first to tell people, she’s the ‘go-to,’” she told WSB-TV Atlanta. But now, she’s out more than $120,000.Don’t missCommercial real estate has beaten the stock market for 25 years — but only the super rich could buy in. Here’s how…
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To highlight the incredible value and abundance of the latest expansion of the 3 For Me ® offering, Chili’s has challenged professional eater, Joey Chestnut, to take down a 3 For Lunch™ Combo “ and if he doesn’t win, Chili’s guests do! DALLAS, Sept. 17, 2024 /PRNewswire/ — Chili’s ® Grill & Bar wants you to skip the drive-thru “ and the sad fast food lunches “ with the introduction of its new 3 For Lunch Combos. During the week (Monday-Friday) from 11 a.m. to 3 p.m. local time (at participating locations), guests can enjoy real value with 11 available…
WisdomTree bietet Zugang zum europäischen Energiemarkt für Erdgas. 17. September 2024, FRANKFURT (Börse Frankfurt). Seit heute ist ein neuer Exchange Traded Commodity (ETC) von WisdomTree auf Xetra und an der Börse Frankfurt handelbar.Der WisdomTree European Natural Gas ETC bietet Anleger*innen einen einfachen und kosteneffizienten Zugang zum europäischen Markt für Erdgas, indem er in die ICE Dutch TTF-Terminkontrakte investiert. Der niederländische TTF-Gaspreis (Title Transfer Facility) ist ein führender europäischer Referenzpreis. Die Futures werden an der ICE gehandelt.Der Exchange Traded Commodity ist eine Schuldverschreibung, die es ermöglicht, von der Preisentwicklung von Erdgas zu profitieren, ohne physisch Erdgas besitzen zu müssen. Das Produkt ist…
Retail sales surpassed Wall Street’s estimates in August, as investors keep a close eye on any signs of a slowdown in consumer spending. The data comes as the Federal Reserve’s two day policy meeting kicks off in Washington with the central bank widely expected to cut interest rates as economic growth data slows and inflation lessens.Retail sales rose 0.1% in August. Economists had expected a 0.2% decrease in spending, according to Bloomberg data. Meanwhile, retail sales in July were revised to a 1.1% increase, from a prior reading that showed sales increased by 1% in the month, according to Census…
General Motors has shifted its focus away from traditional passenger cars, joining other automakers who are prioritizing crossovers and SUVs. This shift reflects the market’s current preference for these vehicle types. As a result, many iconic GM models from the past are unlikely to return, and defunct brands like Pontiac remain a distant dream. Among the countless exciting vehicles GM has produced over the decades, the Firebird stands out. This 1969 first generation convertible muscle car, powered by a V8 engine, is now seeking a new owner. While the specific output of the 350 (5.7-liter) V8 is unknown, it’s likely…
(Reuters) – Futures tied to Canada’s main stock index rose on Tuesday on expectations of a bigger interest-rate cut by the U.S. Federal Reserve later this week, while losses in commodity prices capped gains.The futures on the S&P/TSX index were up 0.2% at 6:12 a.m. ET (10:12 GMT).Markets await the Fed’s policy decision on Wednesday, and are betting on a 65% chance of a 50-basis points cut, according to LSEG data.The composite index hit a record high for the third straight session on Monday in anticipation of a bigger rate cut in the U.S.Domestic investors will also parse through the…
The Federal Reserve starts its two-day rate-setting session today, and economists are expecting the Fed to announce a half-point cut to its benchmark interest rate tomorrow afternoon, ushering in a new era of lower rates for savvy savers who’ve enjoyed historic yields since 2020.If you aren’t yet taking advantage of competitive interest rates on high-yield savings accounts, it’s an ideal time to give them a closer look. HYSAs are among the best ways to prepare your money for rate cuts, with FDIC-insured digital banks and online accounts still paying out up to 5.50% APY — more than 10 times the…
Image source: The Motley Fool Warren Buffett is one of the most respected investors of any generation. As a result, the actions he takes on his portfolio via Berkshire Hathaway (NYSE:BRK.B) attract attention. So over the course of the past year or so, something interesting has been noted from the company updates. Here’s what I think it means and what I can learn. Big numbers Put simply, Buffett is hoarding cash like never before. In the latest report, it showed that Berkshire had a cash pile of $277bn. That might sound like a lot of money… because it is! For…
Vehicle miles driven nationwide have jumped 12 percent since the pandemic lockdowns temporarily cleared out streets. Traffic congestion now exceeds pre-COVID levels, and even more concerning, it’s rising faster than when shelter-at-home orders ended in 2021. (City Lab) U.S. cities that want to fight the trend can look to Europe, where cities are taking steps like limiting where people can drive and investing in bike infrastructure. (Time) Complete Streets do make a difference — if supporters can overcome entrenched interests and budgetary constraints to implement them. (Transportation for America) Mail carriers are big fans of the Postal Service’s new trucks,…
In the world of finance, understanding and managing crises are crucial for maintaining robust portfolio performance. Significant drawdowns can erode years of accumulated gains. Therefore, identifying potential equity market drawdowns and understanding their economic implications is a key focus for asset managers. This post will explore a sophisticated identification methodology I developed in collaboration with Merlin Bartel and Michael Hanke from the University of Liechtenstein. The approach identifies equity drawdowns using advanced spatial modeling, which can be used as a dependent variable in predictive models. Understanding the Challenge: Drawdowns in Equity Markets Equity markets are inherently volatile, and periods of…