John Seetoo - Writer for 24/7 Wall St.
Lastest Stories by John Seetoo
When 30-year mortgage rates elevate to current levels, which are over 7.1%, conventional wisdom would predict that home prices would start to come down, due to less buyers being able to afford them....
Published:
Mutual funds are popular with individual investors who want the diversity of a portfolio containing a variety of securities, but who lack the investment capital to afford to buy those securities...
Published:
According to The Wall Street Journal, average 30-year mortgage rates have now surged to 7.1% and home sales for March, correspondingly, fell 4.3%, the largest drop since November 2022. Since...
Published:
The House of Mouse has recently settled a proxy battle between current CEO Bob Iger and activist shareholder Nelson Peltz, who was seeking a seat on Disney’s board and who objected to a number of...
Published:
The Bureau of Labor Statistics reported in early April 2024 that the Consumer Price Index rose 3.5%. This means inflation has now exceeded the Federal Reserve’s 2% inflation target for 37...
Published:
Casual investors often rely on what they hear is popular on Wall Street to choose their own investments. Thinking, “If it’s good enough for them, it’s good enough for me” is a reasonable...
Published:
With his long, flowing white beard and steely gaze, Constellation Software President Mark Leonard looks like a cross between Sir Ian McKellan’s Gandalf the Grey from The Lord of the Rings and his...
Published:
On the cover of the Friday, April 12, 2024 edition of The Wall Street Journal, the headline read: “Cost of Owning a Home Soars”. The article cited one family whose home insurance costs had risen...
Published:
Among “The Magnificent Seven” stocks that have been buoying the Dow Jones Industrial Average to new heights, none of those companies’ founders eclipses their company’s product or service more...
Published:
Last Updated:
If a random number of women who follow high couture and luxury goods were asked, “What would be your most coveted handbag?” There is a very good chance that the sophisticates would overwhelmingly...
Published:
History credits Henry Ford with inventing the automobile assembly line. The notion of having a different workstation be responsible for a specific part in a precisely sequenced assembly protocol is a...
Published:
Herman Minsky was an American economist and a professor of economics at Washington University and Bard College. He was one of the first economists to successfully explain the gross inflation...
Published:
Dumb Money is a 2023 comedy starring Paul Dano, Pete Davidson, Nick Offerman and Seth Rogen about the 2021 rapid rise and fall of GameStop (NYSE: GME) stock. GameStop is the world’s largest retail...
Published:
On March 19, 2024, Chipotle Mexican Grill (NYSE: CMG) posted this announcement from PRNewswire on its website in caps: CHIPOTLE BOARD OF DIRECTORS APPROVES 50-FOR-1 STOCK SPLIT. Chipotle, at $79.4...
Published:
Contrary to political accusations that retailers are “gouging customers”, the cost of goods has jumped due to the devaluation of the dollar from oversupply and government overspending. The real...
Published: