Gold and silver prices have risen sharply in October, as investors sought safe-haven assets amid escalating conflicts in the Middle East. However, the precious metals are facing strong resistance levels that could limit their upside potential. Here are the key factors and levels to watch for gold and silver. Precious...
California Taxpayers Get More Time to File and Pay Due to Winter Disasters
The California Franchise Tax Board (FTB) has announced that most Californians have an extra month to file and pay their state taxes for the year 2022. This is because of the winter natural disasters that affected 55 counties in the state. What is the new deadline? The new deadline for...
How a hedge fund boss hires people with no finance background and pays them to be available at 1 a.m.
Peter Brown, the CEO of Renaissance Technologies, one of the world’s most successful hedge funds, has revealed some of his unconventional hiring and retention strategies in a recent podcast interview. Looking for math and programming skills, not finance knowledge Brown said that he preferred to hire people with no background...
US Stocks Rebound After Inflation Shock as Fed Hikes Loom
The US stock market staged a dramatic comeback on Thursday, after a sharp selloff triggered by a higher-than-expected inflation reading. The S&P 500 index closed up 2.6%, recovering more than 40% of the losses over a six-day slump that took it to a two-year low. The Dow Jones Industrial Average...
Housing affordability crisis worsens amid soaring prices and rising rates
The US housing market is facing a severe affordability crisis as home prices have skyrocketed to record highs and mortgage rates have climbed to two-decade highs. According to an industry executive, incomes would have to jump 55% to make the current market affordable for the average buyer. Home prices outpace...