Finance

Stock Market’s 2023 Surge Faces Fed Test Even as Profits Improve

(Bloomberg) — US stocks are approaching a record high and the outlook for Corporate America is only expected to brighten. Now investors are waiting to see if the Federal Reserve derails the market’s bull run.

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Amid signs that inflation pressures are finally ebbing, setting up what has historically been a bullish stretch, the S&P 500 Index is a mere 5.4% below its all-time peak. It’s a backdrop that raises the stakes for this week’s pivotal central bank meeting, with economists still debating whether a recession is ahead this year.

The danger, of course, is that a

Finance

Apollo to Launch Private Fund in Asset-Based Financing Buildout

(Bloomberg) — Apollo Global Management Inc. is launching its first-ever fund dedicated to asset-based financing, laying the groundwork for what the firm is telling investors could be the largest vehicle of its kind in the market.

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The new fund marks a move by one of the world’s largest alternative asset managers to expand its more-than-$100 billion platform for asset-based financing by tapping external investors directly, according to a person familiar with the matter who asked not to be named because the matter is private. The vehicle stands to climb to more than $5 billion in size,

Finance

Find Out How Long It Takes To Refinance a Car Loan

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How Long It Takes To Refinance a Car Loan?Owaki/Kulla – Getty Images

Refinancing a car loan can take anywhere from a few hours to a couple of weeks. This means that if you took a loan from the dealership because it was convenient, but it turned out to be a mistake, you can apply for a new loan as soon as you drive off the lot. The average car payment for a loan in the US is $716 for a new car and $526 for a used model.

With over 80% of buyers choosing to finance their purchases, many

Finance

Gun violence intervention and other initiatives were overlooked while the councilman gained

Councilman W. Howard Myers, front and center, walks into the Petersburg District Court for a hearing on Thursday, Feb.  16, 2017.

Councilman W. Howard Myers, front and center, walks into the Petersburg District Court for a hearing on Thursday, Feb. 16, 2017.

PETERSBURG—During the pandemic, the federal government dispersed billions of dollars throughout the states to help them respond to the economic impacts and shore up infrastructure.

The money had to be spent in four areas: to replace lost public sector revenue for government services, to respond to the negative health and economic impacts of Covid-19 by supporting small businesses, households, nonprofits, or other impacted industries, to provide additional pay for essential workers, and to invest in water, sewer, and broadband

Finance

As housing costs soar, some financial analysts advise scrapping the 30% rule

If you have ever applied for social housing or a mortgage, or even tried to figure out your budget, you probably have come across this figure: 30 per cent.

That’s the often-touted maximum percentage of your income that you should spend on a home. But in an age where the average one-bedroom apartment in Vancouver rents for $2,787 a month (new window)is that number still realistic?

It depends on who you’re asking. But generally, the answer is: sort of.

The benchmark doesn’t apply anymore, said Credit Canada CEO Bruce Sellery by email.

Housing costs have increased dramatically, everywhere. And

Finance

Quinoa Beet Salad – JennifersKitchen

Let me be very clear. I do not like beets. I’ve spent over fifty years disliking beets.

I’ve tried them boiled (gag-inducing), roasted (almost tolerable, but no), raw (the additional chewing required just prolongs the misery), and picked (where’s the bathroom?).

Quinoa Beet Salad Ingredients

To me, beets taste like garden dirt laced with a little bit of sugar. Interestingly, there is validity to that perception. Beets contain a naturally-occurring compound called geosmin, and geosmin gives beets their dirt-like . . . er. . . earthy flavour.

Some people like this earthy flavor.

I’m not one of them.

Just as interesting – at least

Finance

Benefits of Eating Meat | Diabetic Mediterranean Diet

July 1, 2023 · 2:15 PM

Mucho protein, amigo

I found a review article at Animal Frontiers that makes the argument in favor of meat consumption. The authors admit little focus on the downsides of eating meat. I’ve been cutting back on my meat consumption out of sympathy for the animals. Here are some of the key points verbatim:

  • Aspects of human anatomy, digestion, and metabolism diverged from other primates, indicating evolutionary reliability on, and compatibility with, substantial meat intake. Implications of a disconnect from evolutionary dietary patterns may contribute to today’s burden of disease, increasing the risk for both
Finance

Have your say: How concerned are you about your mortgage renewal

1 min read

Read the full story here: My mortgage lender says I’ve hit my ‘trigger rate.’ What does that mean, and what are my options?

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