Stocks could see an ‘everything rally’ if Trump tackles the US debt problem, market vet says
Markets have grown concerned about the rapid pace of borrowing and spending by the federal government, but if Trump successfully addresses the US debt problem, stocks could be on the verge of an “everything rally,” market veteran Ed Yardeni said on Monday. Optimism that Trump may help the government exercise more fiscal constraint is brewing…
Super Micro Computer surges 31% after the company says committee found no evidence of misconduct
Super Micro Computer’s stock spiked on Monday after the company said a special committee found no evidence of accounting misconduct. The stock surged as much as 31% to trade at $42.73 per share Monday afternoon. The jump comes after the company announced an investigation into its accounting procedures found “no evidence of misconduct,” according to…
It’s not going to get any easier to buy a house in the next 2 years, economist says
The housing market’s ongoing affordability crisis might not end next year or even in 2026. Thomas Ryan, an economist at Capital Economics, said the two driving factors behind the housing affordability crisis — high prices and high mortgage rates — are likely to continue moving higher through the next two years. “Conditions for would-be homebuyers…
Former Meta exec says the company’s failed crypto project was ‘100% a political kill’ by regulators
David Marcus, the former Meta exec in charge of the company’s Libra cryptocurrency project, said regulators essentially killed the effort. Meta’s former head of its Libra project says roadblocks from regulators effectively shut down the company’s cryptocurrency effort — and the way he sees it, it was “100% a political kill.” Libra was a stablecoin…
Get ready for weaker returns in 2025 after huge stock gains in the last 2 years, Wharton professor Jeremy Siegel says
The S&P 500 will be running on fumes in 2025 after a scorching two-year rally, Jeremy Siegel told CNBC on Monday. “I’m expecting a much quieter year. I mean, we’ve had two blockbuster years, 2023, 2024, so I’m expecting an S&P probably in the zero to 10% range,” the Wharton professor outlined, adding that the…
My sister and I have wildly different vacation styles. Dragging her family on my kind of trip was eye-opening.
My sister and I often prefer different kinds of travel. I’m well known in my family for my love of high-end luxury travel. Although I used to rough it in my earlier years, these days you’ll rarely find me staying anywhere that’s not at least on par with a Four Seasons. My sister has the…
I rented a castle in Europe with my family. Our trip cost $151 a person per night, which felt affordable for what we got.
My family stayed in a castle during our epic multigenerational trip. The average price of a hotel in Austria tends to be over $200 a night — even higher if you want a five-star experience. But if you get a group of 20 together and everyone chips in, you’ll each pay around $151 a night…
My dad told me he had AIDS when I was 11. I became his caregiver.
The author (not pictured) said her father loved to cook and sing. In 1983, my dad got full custody of me and my sister. It was just the three of us — we never saw our mom after the divorce. I loved my dad so much. He was funny and loved to sing. My sister…
Seoul’s $322 million gambit to save the city from crushing loneliness won’t fix the source of its problems
The Seoul Metropolitan Government said in October that it would be pouring 451.3 billion won, or $322 million, to combat the loneliness epidemic gripping the city. Seoul’s loneliness epidemic is eating the city from within. The city glitters, but there’s a reason the locals call South Korea “Hell Joseon.” Locals contend with crippling debt and…
