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Top investment strategies to combat high inflation

By Michael Morris Wealth of Geeks Inflation finally dropped in March 2023 to 4.98%, the lowest since April 2021. However, while showing signs of continuing this downward trend, it is still higher than the long-term average, meaning most things are still more expensive than we’d like. Inflation hits us all where it hurts most: our wallets. But you can make the most of your money by putting it to work for you with investments. There is a myriad of options out there for making your dollars last, and while it can be difficult to figure out what investment options are right for you, ...

Clock ticking for plan to keep West Virginia coal plant open

CHARLESTON, W.Va. (AP) — More than 500,000 homes and businesses in West Virginia would see their electricity bills increase for up to a year or more to extend the life of a coal-fired power plant on the brink of closure under a proposal advancing through the state’s utility regulatory agency. West Virginia’s Public Service Commission said this week it will allow Monongahela Power and Potomac Edison to move forward with finalizing a plan they project would cost 547,000 West Virginia ratepayers at least $36 million to cover the cost of keeping the two-unit, 1,300-megawatt Pleasants ...

Stocks slip ahead of deluge of earnings, economic data

NEW YORK (AP) — Stocks are slipping Monday ahead of reports that could offer clues on questions that have kept Wall Street at a standstill, including on where the economy and corporate profits are heading. The S&P 500 was 0.2% lower in afternoon trading after barely budging last week. The Dow Jones Industrial Average was down 21 points, or 0.1%, at 33,785, as of 1:18 p.m. Eastern, while the Nasdaq composite was 0.6% lower. Coca-Cola was edging 0.1% lower, despite reporting stronger profit and revenue than expected for the first three months of the year. It was the only company ...

Stock markets today: Asian stocks mixed ahead of new US data

BEIJING (AP) — Asian stock markets were mixed Monday ahead of a U.S. economic update this week that is expected to show growth slowing. Shanghai and Hong Kong declined while Tokyo advanced. Oil prices fell. Wall Street’s benchmark S&P 500 index gained 0.1% on Friday but ended with a small loss for the week. U.S. data Thursday are expected to show first-quarter economic growth weakening after interest rate hikes aimed at cooling business activity and inflation. That might encourage the Federal Reserve to postpone or scale down more possible rate hikes at its May ...

Disney starts 2nd round of layoffs across parks, ESPN

The Associated Press The Walt Disney Co. will be laying off several thousand employees this week, a second round of cuts that’s part of a previously announced plan to eliminate 7,000 jobs this year. The latest employee releases will take place Monday through Thursday, according to Disney officials. The company will have reached approximately 4,000 job cuts when factoring in both the first and second rounds of layoffs. The Walt Disney Co. will be laying off several thousand employees this week, a second round of cuts that’s part of a previously announced plan to eliminate 7,000 ...

Stock market today: Stocks close week with small gains

Stocks are closing with very slight gains on Wall Street as investors close out a quiet week highlighted by a batch of mostly mixed corporate earnings reports. The S&P 500, Dow Jones Industrial Average and Nasdaq all gained 0.1% Friday. Among the companies that reported results, hospital operator HCA Healthcare rose after raising its full-year profit outlook, while consumer products giant Procter & Gamble gained after its quarterly profit beat estimates. More earnings reports are in store next week from major companies such as Coca-Cola, Amazon, American Airlines and Boeing. Markets in ...