News Portal

Why Trump’s Iowa win shows it’s hard to dislodge him from becoming GOP nominee

Donald Trump was projected as the runaway winner in Iowa’s Republican presidential caucuses on Monday night, while Florida Gov. Ron DeSantis was projected as coming in second place. Nikki Haley, a former ambassador to the U.N. and governor of South Carolina, was on track to finish third, and entrepreneur Vivek Ramaswamy appeared on course for fourth. Ramaswamy subsequently announced he’d quit the race and endorsed Trump. Trump has enjoyed big leads for months in most polls of the early states, so a main focus for Iowa’s first-in-the-nation voting has been who would come in second — and how close that candidate could get to the…

Wall Street Braces for Earnings Results Amid Mixed Market Signals

As a new week commences, shortened by the holiday, futures are on a downtrend. The stock market presents a mixed front, with the Dow Jones Industrial Average retracting slightly, whereas the S&P 500 and Nasdaq exhibit steadiness. The anticipation is high for a flood of impending earnings reports, following the initial release from several prominent banks. Observers display a cautious optimism regarding the fourth-quarter outcomes but express concerns about the prospect of lukewarm or even disconcerting future projections. Treasury yields dipped on Friday amid escalating tensions in the Middle East, robust economic statistics, and…

Utility Stocks with Substantial Dividends Worthy of Investor Consideration

In the aftermath of a prosperous year for the stock market, with significant gains for major indexes, investors may face a shifting landscape due to persistent inflation. The December consumer price index report highlights the ongoing inflationary pressures which could influence market trends in the upcoming year. As expectations lean towards a potential reduction in interest rates by mid to late year, utility stocks could emerge as beneficiaries. These equities suffered during the period of rising rates but may now offer an attractive opportunity, especially given the essential nature of the utilities sector. Research into utility…

Buy NIO Stock at the Lows and Don’t Sell It at All

It’s fair to say that China-based electric vehicle manufacturer Nio (NYSE: NIO ) isn’t a darling of the financial markets now. Yet, at least one expert on Wall Street has set a lofty price target for NIO stock. Besides, after viewing Nio’s EV-delivery stats, you’ll wonder why the share price isn’t much higher than it is today. Nio has come a long way since early 2020, when it felt like the world was imploding. Nio’s financial and operational metrics were dismal. Now, Nio’s turnaround is truly impressive, and investors can apply a “buy low” strategy – but they can replace the “sell high” part with “don’t sell your Nio shares at all…

The Residential Housing Outlook for 2024 Looks an Awful Lot Like 2023

American homebuyers—thwarted in their efforts by high prices, high mortgage rates, and low inventory—are asking the same housing questions at the beginning of 2024 that they were in 2023: When are home prices going to start dropping, and when will there be more to buy? The simple answer is: not anytime soon. “At current low supply levels and demand increasing due to lower mortgage rates, for now at least, prices have nowhere to go but up. People are talking about mortgage rates coming down and more affordability, and that may happen to some extent, but I don’t think we’ll see a significant improvement,” Selma Hepp, chief economist…