Monday, February 13, 2023

Are we on the brink of a corporate credit crisis?

Everyone seems to be in a bit of a debt bind at the moment: The US government has run out of credit to spend, high inflation and interest rates have taken a big bite out of debt-laden tech companies that expected pandemic-era growth to continue and US credit card debt reached nearly $1 trillion in the fourth quarter of 2022, according to TransUnion.
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Are we on the brink of a corporate credit crisis?
Everyone seems to be in a bit of a debt bind at the moment: The US government has run out of credit to spend, high inflation and interest rates have taken a big bite out of debt-laden tech companies that expected pandemic-era growth to continue and US credit card debt reached nearly $1 trillion in the fourth quarter of 2022, according to TransUnion. Read more »
 
Roth IRA or 401(k): New retirement law increases tax-free savings options
Secure 2.0, the new retirement rules that lawmakers passed in late December, includes several provisions that will make the tax-free savings vehicle known as a Roth more accessible and flexible. And, in one instance, it will mandate that some higher-income earners put a portion of their 401(k) savings in a Roth account. Read more »
 
IRS says many 2022 special state payments are not subject to federal tax
The Internal Revenue Service has good news for millions of taxpayers in 17 states who received a one-time special state payment last year to offset inflation and other negative economic impacts: Those payments won't be subject to federal income tax. Read more »
 
In a market that's gone mad, investors can embrace these dependable stocks
Many people don't have the time or inclination to do deep research on stocks. Read more »
 
Mars Wrigley fined after two workers fell into a tank of chocolate
US regulators have fined Mars Wrigley, the maker of Snickers and Skittles, after two workers fell into a tank of chocolate at its Pennsylvania factory last June. Read more »
 
An estimated $16 billion worth of bets will be placed on the Super Bowl
With more states legalizing gambling on sports, Super Bowl LVII will probably be the biggest event for the industry ever. The American Gaming Association is predicting that more than 50 million people will bet about $16 billion on the National Football League championship game between the Kansas City Chiefs and Philadelphia Eagles. Read more »
 
 
 
 
Dow Nasdaq S&P
+376.66   +173.67   +46.83
34,245.93   11,891.79   4,137.29
+1.11%   +1.48%   +1.14%
YTD +3.31%   YTD +13.62%   YTD +7.76%
 
Biggest Winners
Generac Holdings Inc +4.78%
 
Carnival Corp +4.30%
 
Whirlpool Corp +4.30%
 
Norwegian Cruise Line Holdings Ltd +4.25%
Biggest Losers
Fidelity National Information Services Inc -12.50%
 
CF Industries Holdings Inc -4.02%
 
Corteva Inc -3.10%
 
Global Payments Inc -2.63%
Hottest ETF
Hottest ETF
NYSE Market Volume
NYSE Market Volume
Key Market Stats Latest Today's Change
Oil $79.18 -0.54 / -0.68%
Gold $1,864.50 -10.00 / -0.53%
10-yr 3.72% -0.03
Euro $1.07 +0.00 / +0.43%
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