Billionaire Carl Icahn warns ‘you can’t cure’ hot inflation — but when an audience member asked him for stock picks, he gave these 2 ‘cheap and viable’ names

Billionaire Carl Icahn warns ‘you can’t cure’ hot inflation — but when an audience member asked him for stock picks, he gave these 2 ‘cheap and viable’ names Easy monetary policy might seem fun at the beginning, but it has consequences. While asset prices shot up in 2020 and 2021, they pulled back substantially in … Read more

Top economist Mohamed El-Erian says the ‘relentless appreciation of the dollar’ is terrible news

The British pound, like most major currencies other than the dollar, has been under siege throughout 2022. And the situation deteriorated dramatically last week, when the U.K.’s new prime minister, Liz Truss, unveiled a spending plan to boost economic growth. Investors fear the plan—which will require £45 billion in new debt, and includes the largest … Read more

Trump SPAC Digital World changes address to a PO box at a UPS store (NASDAQ:DWAC)

Spencer Platt/Getty Images News Trump SPAC Digital World Acquisition (NASDAQ:DWAC), which is taking Trump’s social media company and platform Truth Social public, has changed its listed address to a post office box at a UPS store in Coconut Grove, Florida. The new address was listed in some of DWAC’s most recent regulatory filings. The address, … Read more

Where to get the best return on your cash amid rising interest rates

When the Federal Reserve hiked the target federal funds rate by another 0.75 percentage points this month, it opened some new opportunities for savers to earn better returns on their cash. The Fed’s move is aimed at combating high inflation, which has sent costs for housing, food and energy soaring. The bad news for consumers … Read more

The U.S. housing market stares down an even bigger economic shock—mortgage rates near 7%

Unbeknownst to buyers lining the sidewalks outside of frenzied open houses this spring, the Pandemic Housing Boom was already in its final inning. In March, Fortune published a pair of articles titled “The housing market enters uncharted waters” and “An economic shock just hit the housing market” arguing just that: The red-hot housing market would … Read more

Need help paying your electricity bill? Data shows 26% of Houstonians struggled to pay at least one power bill during the year

HOUSTON, Texas (KTRK) — New numbers show how many Houstonians are struggling to keep the lights on, and for those who are, there are millions of dollars in assistance that’s available. Whether it’s struggling to make one payment during the year, keeping the thermostat at safe temperatures, or having to decide between food, medicine, or … Read more