| | *past 24-hour performance |
| | National debt boondoggle: US National Debt hits $33 trillion for the first time, $11.5 trillion higher than where it stood 5 years ago (NYT)
Homebuilder confidence dropping: U.S. homebuilder confidence fell for a second month in September, with optimism dropping to the lowest since April as high interest rates cut into affordability for prospective buyers (Reuters)
California sues five oil and gas giants: The state has accused ExxonMobil, Shell, BP, Chevron, and ConocoPhillips of causing tens of billions of dollars in damage and misleading the public by downplaying the risks posed by fossil fuels (Semafor)
2 new S&P members: Airbnb (ABNB) and Blackstone (BX) are the newest entrants to the S&P 500. The two companies will replace Lincoln National and Newell Brands (Investopedia)
Vax demand dropping: Covid-vaccine-related stocks, led by Moderna (MRNA), took a hit yesterday after Pfizer's finance chief predicted weaker demand for Covid shots; projects a roughly 24% Covid vaccination rate in the U.S. this year (Reuters)
Gold miner merger to go through: Gold miner Newmont Corp (NEM) said it has received clearance from Australia's Foreign Investment Review Board to proceed with its proposed $16.86 billion takeover of Newcrest Mining (NCM) (Reuters)
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| | You might be paying too much for that index fund: Fees make a huge difference over a longtime horizon: A $1 million account invested for 40 years would save about $370,000 in fees at a 0.05% fee versus a 1% fee. Read more » | Replacement cost vs. actual cash value home insurance: Home insurance costs are going up due to rising home prices, rising building costs, increasing natural disasters, and less appetite for risk from the insurance and reinsurance companies. As a result, more homeowners are looking to save by taking out an ACV home insurance policy as opposed to the more common replacement cost value RCV home insurance policy. Read more » |
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| | A conversation with Renaissance Technologies CEO Peter Brown (Goldman Sachs) Investment funds are now selling the rock songs they bought (Honest Broker) Letting go: why selling stocks is so hard to do (Flyover Stocks) SoftBank plans to ramp up AI investment activity (Axios) Socialism in the West (Marty Bent) French grocery chain adds ‘shrinkflation’ labels to products in bid to shame supplier pricing (CNBC) Electric cars have a road trip problem, even for the secretary of energy (NPR)
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| | | Otavio (Tavi) Costa @TaviCosta | |
| What's even more concerning than the federal debt surpassing $33 trillion for the first time in history is the fact that it has been growing at an annualized rate of 18.5% since June. And by the way: We haven’t even seen a recession yet.
Today’s Treasury issuances are truly… twitter.com/i/web/status/1… | | | Sep 18, 2023 | | | | 540 Likes 133 Retweets 59 Replies |
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