James J. Stossel, MBA, Financial Adviser

09/19/2022

Some states are turning record surpluses into tax breaks and rebates. AP News has the scoop @ https://bit.ly/3AXDS22

JEFFERSON CITY, Mo. (AP) — Stoked by the largest surplus in state history, Missouri's Republican-led Legislature devised a $500 million plan to send one-time tax refunds to millions of households. In a shock to some, GOP Gov.

09/19/2022

Weekly Market Commentary | How Much Higher Can Rates Go?

With 2022 likely being one of the worst year for bonds ever, LPL Research discusses if yields could go higher from current levels.

09/15/2022

Your e-bike may not be covered by your homeowners insurance because it has a motor. 9News in Denver has the details @ https://bit.ly/3RvCrgW

When Ron Allen had two electric bikes stolen from his home, he assumed his homeowner's policy would cover them. But his claim was denied.

09/14/2022

Brace yourselves: the Fed announced we could see another 75 basis point rate hike this September. CNBC has the story @ https://cnb.cx/3RGyRk8

The probability of a three-quarter point hike moved to 82% on Wednesday morning, according to the CME Group.

09/14/2022

How a freight train strike could throw your plans to travel by train off track

CHICAGO - The United States may be hurtling toward a freight rail strike, one that spill over into passenger service in much of the country. Railroads are cutting shipments, Amtrak has stopped some passenger routes. The sticking point isn't pay.

09/12/2022

More rebates are appearing for electric vehicles (EVs), but they're more complex than meets the eye. Reuters has the story @ https://cbsn.ws/3TrruOO

While many EVs qualify for tax credits under inflation bill, no cars sold today likely would get the full $7,500 rebate.

09/09/2022

09/07/2022

Putin casts doubt over Ukraine grain deal and gas supplies to Europe By Reuters

Latest U.S. lawmaker delegation arrives in Taiwan TAIPEI (Reuters) - A U.S. lawmaker delegation arrived in Taiwan on Wednesday on a previously unannounced trip, the latest group of senior officials from the country to visit the...

09/06/2022

American Airlines has put down a deposit on 20 supersonic planes, but you won't be able to book a flight on these anytime soon. AP News has the story @ https://bit.ly/3pmNP2j

DALLAS (AP) — American Airlines has agreed to buy up to 20 supersonic jets and put down a non-refundable deposit on the planes that are still on the drawing board and years away from flying. Neither American nor the manufacturer Boom Supersonic would provide financial details Tuesday, including th...

09/01/2022

China has posted a trade surplus, but could slow down as the global economy continues to lose momentum. Bloomberg has the details @ https://bloom.bg/3JSCtwE

China’s surprisingly strong export growth in July lifted its trade surplus to another record and provided some much-needed economic support, but the country will still have to find ways to keep its fragile recovery on track as the global economy slows this year.

09/01/2022

U.S. manufacturing sector steady in August; price pressures ease further - ISM By Reuters

Rising inflation expectations pressure Bank of England By David Milliken LONDON (Reuters) - British businesses have increasingly high expectations for inflation and wage costs over the coming year, according to a Bank of England...

08/29/2022

European shares fall to one-month low as tech stocks slide By Reuters

KeyBanc Downgrades Dow, LyondellBasell and Westlake After Discussions By Investing.com By Sam Boughedda KeyBanc Capital Markets analyst Aleksey Yefremov stated in a research note on Monday that following discussions with consultants and companies, they are moving Dow...