Trump and Republican lawmakers have escalated their anti-China rhetoric amid rising COVID-19 deaths in the U.S. and Beijing’s efforts to subject Hong Kong to its will. The campaign comes as the president faces increasing criticism for his own handling of the pandemic, but also amid a bipartisan push to impose harsher sanctions on China. … [Read more...] about Stocks open mixed ahead of Trump briefing on China
Oil price and stock market
In 529 accounts, no taxes are due on gains during the life of the investment or at withdrawal as long as distributions are made for "Qualified Educational Expenses." For many families, the state and federal tax advantages and other 529 benefits outweigh the restrictions. Brokerage accounts are not tax advantaged but have no restrictions on how they are used. … [Read more...] about Protect your college savings amid growing market turmoil
Amazon's early success did stem from its pricing advantage, but the source of that advantage is more complicated than Dumaine allows. The company was able to undercut competitors' prices for many years because, unlike other businesses, it didn't have to worry about turning a profit. Stock market investors, dazzled by the Amazon story, supplied the company with cheap capital even as it racked up big losses. Many local mom-and-pop stores, struggling to make loan payments and meet the weekly payroll, never stood a chance. Even large, traditional retailers couldn't afford to match Amazon's prices. They had expensive stores to maintain, and their investors were not so indulgent. … [Read more...] about Book World: Keys to Amazon’s success: Price wars and big data
April retail prices for boneless pork chops and ham were nearly 6% higher than in March and retail prices for hamburger and sirloin steak were about 4% higher, the U.S. Department of Agriculture reported. The price of whole fresh chickens rose by more than 12%. … [Read more...] about US food prices see historic jump and are likely to stay high
Patrick Carlisle, data analyst with Compass Realty, told SFGate that "If the big IPOs actually occur, and the market reacts enthusiastically, one can only assume it will put upward pressure on prices in those areas where the unicorn employees live in greatest numbers." … [Read more...] about What will happen to SF home prices if Slack, Airbnb, Uber and Lyft go public?