July showed that markets are dealing with a growth scare rather than a recession and inflation will fall sharply going forward, Fundstrat says

Allison Joyce/Getty Images The economy has entered a technical recession — but it could be just a growth scare, Fundstrat said. Inflation expectations have flattened, and markets now see the policy rate peaking at 3.28% in January 2023. It suggests that the stock market may not fall as sharply as some banks have predicted. The…

Mastercard reports strong Q2 payments volume, looking to innovation to sustain growth

Mastercard’s gross dollar volume increased 14% YoY in Q2. The firm said it’s ramping up value-added services and investing in innovation to sustain growth.  Insider Intelligence publishes hundreds of insights, charts, and forecasts on the Payments & Commerce industry. Learn more about becoming a client. The data: Mastercard’s gross dollar volume (GDV) increased 14% year over…

I bought a Tesla on a whim. I love it — but I still take a gas car on road trips so I don’t have to charge.

Barnes takes home $2600 renting a Tesla for 25 days, per Bloomberg. picture alliance / Contributor / Getty Liz Eselius-Naporano bought a Tesla Model Y in 2021 while out on a shopping trip with her son.  She says it’s a unique and fun car that’s great for not using gas money on close-to-home commutes. This…

2 reasons why the NBER won’t declare that the economy is officially in a recession

Xinhua/Wang Ying/ Getty Images The National Bureau of Economic Research will not declare the US economy is in a recession, according to Raymond James.US GDP growth has contracted two quarters in a row this year, which is the technical definition of a recession.But a strong jobs market suggests the official arbiter of whether the US…

I’m a financial planner, and I have no problem with clients playing the lottery — as long as they keep 4 things in mind

It can be fun to play the lottery — but don’t expect to win. VIEW press / Contributor / Getty Images Financial planner Jovan Johnson doesn’t always advise against playing the lottery. If you play often, he recommends working it into your regular budget. But remember: If you don’t win, you’re still responsible for your…

Wheat prices fall as Ukraine sends first shipment of grain since Russian invasion in a deal aimed at easing global food prices

Ukraine exported more than $140 million of wheat to the US before the pandemic, with latest disruptions adding to price woes. AP Ukraine on Monday sent out its first grain shipment since Russia invaded the country in late February.  Wheat prices have been falling since Ukraine, the United Nations, and Turkey reached a deal allowing…