Credit

Ryan Smith

Big Changes to the Marriott Bonvoy Credit Card Range: New Cards, New Benefits and New Bonuses – The Points Guy

There’s a lot going on with Marriott Bonvoy co-branded credit cards, so buckle up and get your seats upright. In addition to the launch of two new credit cards, major updates have been made to the Marriott Bonvoy Brilliant™ American Express® Card, a more valuable free night award on the Ritz-Carlton™ credit card (no longer …

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America's reliance on credit cards is growing.  Fed rate hike will make things more painful |  CNN Business

America’s reliance on credit cards is growing. Fed rate hike will make things more painful | CNN Business

CNN — As prices continue to rise, Americans are increasingly reliant on credit cards to make purchases. And now, with the Federal Reserve’s latest three-quarter percentage point hike, many of them will be paying more for the debt they’ve accumulated. Interest rates on nearly all credit cards and home equity lines of credit will rise …

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The S&P 500 fell 5% in a very bad week for stocks.  Those 20 lost up to 24%.

The S&P 500 fell 5% in a very bad week for stocks. Those 20 lost up to 24%.

US stocks spat on Friday to end the week in the red. The day’s declines of less than 1% for the broad indices paled in comparison to Tuesday’s, when they fell 4% to 5%. For the week, the Dow Jones Industrial Average DJIA was down 1,329 points (or 4.1%), closing Friday at 30,822. The benchmark …

The S&P 500 fell 5% in a very bad week for stocks. Those 20 lost up to 24%. Read More »

El Salvador's credit plummeted again and Bitcoin may be partly to blame

El Salvador’s credit plummeted again and Bitcoin may be partly to blame

Nayib Bukele, President of Bitcoin in El Salvador. Photo: Marvin Recinos (Getty Images) Shocker folks, it turns out El Salvador’s decision to make bitcoin legal tender wasn’t such a good idea after all. This week, the credit agency Fitch downgraded El Salvador’s debt rating from CCC to CC about 14 months after the company’s tech …

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Ray Dalio says watch out for rates hitting this level as Wall Street stocks will take a 20% hit

Ray Dalio says watch out for rates hitting this level as Wall Street stocks will take a 20% hit

After that CPI shock earlier in the week, Wall Street is showing a fresh batch of data on Thursday, with the overall retail sales figure coming in stronger than expected. And a disastrous rail strike can be reversed. But there is little to cheer billionaire investor and hedge fund manager Ray Dalio who, in our …

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Meta Is One Of The Worst Performers In The S&P 500 Today, But These 5 Other Stocks Lost $387 Billion In Value

These five S&P 500 stocks lost nearly half a trillion dollars in value in one day amid widespread annihilation

A drop in gasoline prices couldn’t mask the problem that spooked investors on September 13: core consumer prices resumed their rapid rise in August. Fear of the Federal Reserve’s continued monetary policy tightening to fight inflation sent the Dow Jones Industrial Average DJIA down 1,276 points (or 3.9%) to 31,104, with all 30 components posting …

These five S&P 500 stocks lost nearly half a trillion dollars in value in one day amid widespread annihilation Read More »

The Collapse of Meta: This chart shows Facebook's fall among America's most valuable companies

The Collapse of Meta: This chart shows Facebook’s fall among America’s most valuable companies

Threatened by competitive and macroeconomic threats, Meta Platforms Inc. is plummeting into the ranks of America’s largest corporations. After a daily decline of 9.4% in its stock, Meta META, -9.37% ranked 10th in market value as of Tuesday’s close, falling below Visa Inc. V, -3.37% for the first time since early August. Meta, the parent …

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The Collapse of Meta: This chart shows Facebook's fall among America's most valuable companies

The Collapse of Meta: This chart shows Facebook’s fall among America’s most valuable companies

Threatened by competitive and macroeconomic threats, Meta Platforms Inc. is plummeting into the ranks of America’s largest corporations. After a daily decline of 9.4% in its stock, Meta META, -9.37% ranked 10th in market value as of Tuesday’s close, falling below Visa Inc. V, -3.37% for the first time since early August. Meta, the parent …

The Collapse of Meta: This chart shows Facebook’s fall among America’s most valuable companies Read More »

Meta Is One Of The Worst Performers In The S&P 500 Today, But These 5 Other Stocks Lost $387 Billion In Value

Meta Is One Of The Worst Performers In The S&P 500 Today, But These 5 Other Stocks Lost $387 Billion In Value

A drop in gasoline prices couldn’t mask the problem that spooked investors on September 13: core consumer prices resumed their rapid rise in August. Fear of the Federal Reserve’s continued monetary policy tightening to fight inflation sent the Dow Jones Industrial Average DJIA, -3.94% down 887 points (or 2.7%) to 31,494, with all 30 components …

Meta Is One Of The Worst Performers In The S&P 500 Today, But These 5 Other Stocks Lost $387 Billion In Value Read More »

The wild card that could sink stocks: What investors need to know as the Fed unwinds liquidity that helped fuel market gains

The wild card that could sink stocks: What investors need to know as the Fed unwinds liquidity that helped fuel market gains

Quantitative monetary easing is credited with boosting stock returns and boosting other speculative asset values ​​by flooding markets with liquidity as the Federal Reserve clawed back billions of dollars worth of bonds during the crisis financial crisis of 2008 and the coronavirus pandemic of 2020 in particular. Investors and policymakers may be underestimating what happens …

The wild card that could sink stocks: What investors need to know as the Fed unwinds liquidity that helped fuel market gains Read More »