Asian shares mostly decline as bond market pressure mounts
BANGKOK (AP) — Asian shares were mostly lower and oil prices slipped on Monday at the outset of a week capped by an annual meeting of top U.S. economic officials at Jackson Hole, Wyoming.
U.S. futures edged lower.
In Tokyo, the Nikkei 225 fell 0.7% to 65,528.09, while South Korea’s Kospi lost 3.1% to 6,696.96.
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Read MoreOne Sentence in the Fed Meeting Minutes Is Nightmare Fuel for Fed Chair Kevin Warsh and the Stock Market
Outsize stock market returns under President Donald Trump have become the norm. Since early June, the Dow Jones Industrial Average (DJINDICES: ^DJI), S&P 500 (SNPINDEX: ^GSPC), and Nasdaq Composite (NASDAQINDEX: ^IXIC) have blasted to record highs.
But things aren’t nearly as peachy for the U.S.
Samsung Electronics Stock Plunges Nearly 9% as Investor Return Strategy Falls Flat
TLDR
- Samsung Electronics shares plunged 8.7% following the announcement of a 90-110 trillion won ($65-79 billion) capital return initiative that failed to meet market expectations.
- Despite being five times larger than the company’s 2020 benchmark,
Federal Reserve Study Reveals How Bitcoin Performance Data Drives Crypto Purchases
Key Findings
- Cryptocurrency holders anticipated 22% yearly gains compared to non-holders’ 7% projection in 2021 research
- Displaying Bitcoin’s trailing 12-month performance increased desired cryptocurrency holdings by approximately 2 percentage points
- Real cryptocurrency acquisitions climbed about 2.5 percentage points when participants received Bitcoin performance information
- Return expectations proved more predictive of crypto ownership than demographic factors including age,
Social Security’s Supercharged, Trump Bump-Driven 2027 COLA May Hasten the Timeline to Sweeping Benefit Cuts
For the nearly 55 million retired workers who receive a monthly Social Security benefit, there are few, if any, annual announcements more anticipated than the program’s cost-of-living adjustment (COLA).Social Security’s COLA is effectively a “raise” given to beneficiaries that’s designed to offset the effects of inflation and ensure that Social Security income doesn’t lose buying power over time.
Read MoreThe Burst
Best AI Stock That’s Not Nvidia?
While the buzz around Artificial Intelligence (AI) has recently centered around companies like Nvidia, which boasts a trillion-dollar market cap, investors may be overlooking a potential gem in the tech landscape—NXP Semiconductors (NASDAQ: NXPI).
Despite its more modest market performance, NXP brings a unique approach to AI that could make it an intriguing investment opportunity.
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Read MoreThe Ivy
36 Stocks Up 30% Year-to-Date
Famously, a common pitfall of ordinary traders is to buy the dip and ignore the stocks going from strength to strength. It’s just so tempting to buy stocks that have sold off in the hopes of making the big returns while ignoring those powering higher from one day to the next.
If we turn our attention to those stocks that have been going higher this year,
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