Austin Smith - Editor for 24/7 Wall St.
Lastest Stories by Austin Smith
The forecast for the 2025 Social Security Cost of Living Adjustments (COLAs) has been revised downward, now estimated at 2.6%, lower than both the previous 2.7% estimate and the 3.2% adjustment in...
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Despite rising mortgage rates, housing prices have continued to climb, with the median home price reaching $435,000, the highest ever recorded. The main driver is the low inventory, as many...
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Looking 20 years ahead, concerns about the economy include the potential trouble for Social Security and the diminishing reliance on home equity as a financial safety net. This could result in a...
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Despite official inflation rates being reported at around 3%, many Americans feel the impact of rising costs in their daily lives. Examples include the cost of coffee, insurance premiums, and housing...
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If investors expect interest rates to hold until next year, they should consider dividend-yielding stocks like Altria (NYSE: MO), Bristol Myers, and Pfizer (NYSE: PFE), which offer reasonable values...
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As homeownership becomes increasingly difficult due to high prices and mortgage rates, more people are turning to renting. Large corporations and private equity firms are buying suburban homes to...
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If the Fed announces no rate cuts this year and uncertainty for early 2025, the stock market’s reaction is unclear due to its heavy reliance on tech stocks. Powell is in a difficult position,...
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The market’s strength is questioned, with 10 stocks comprising almost 40% of the S&P 500’s weight, driving its rise for the last year and a half. The average stock, especially in the...
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Several Bloomberg analysts speculated about a potential rate cut in September, a notion dismissed as unlikely given current economic indicators. The inflation drop is minimal, and Fed officials like...
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EV company Fisker has declared bankruptcy. The company filed chapter 11, and has assets estimated between $500m – $1 billion, with liabilities somewhere between $1 – $10 billion.This isn’t the...
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Apple (NASDAQ: AAPL) launched a series of AI products that seemed unremarkable but pushed its stock to a 52-week high, surpassing Microsoft’s (NASDAQ: MSFT) market cap. The new operating system...
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Apple (NASDAQ: AAPL) faces significant competition in China, particularly from domestic brands like Oppo. Concerns about tariffs could further impact Apple’s market share and stock performance....
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Microsoft’s (NASDAQ: MSFT) initial AI buzz, spurred by its partnership with OpenAI, has faded. Despite leading the market cap for a while, its stock performance has lagged behind Alphabet...
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The Biden administration plans to release more oil from the Strategic Petroleum Reserve to lower gas prices before the election. While $3.40 per gallon isn’t historically high, many Americans...
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The discussion emphasizes how a small number of tech stocks, including Apple (NASDAQ: AAPL), have driven the market higher, but a single major miss in earnings from another key tech company could...
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