📈 The Best Energy Dividend Stock For A Decade Of Income

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Markets

S&P posts 4th straight decline as recession talk weighs on Wall Street Read (4 minute read)Wall Street ended lower on Tuesday, with the S&P 500 extending its losing streak to four sessions, as skittish investors fretted over Federal Reserve rate hikes and further talk of a looming recession. Meta Platforms Inc dragged down markets, with its shares sliding 6.8% following reports that European Union regulators have ruled the company should not require users to agree to personalized ads based on their digital activity.

Bank of America Warns of Labor Collapse, Stock Selloff in 2023 (5 minute read)It its latest market and economic forecast, Bank of America warned of a collapsing U.S. labor market and a potential rise in unemployment next year. Strategists also recommended selling any stock market rally ahead of a likely surge in job losses. “Bears (like us) worry unemployment in 2023 will be as shocking to main Street consumer sentiment as inflation in 2022,” wrote Chief Investment Strategist Michael Hartnett,

US Dollar takes advantage of a dismal market mood (3 minute read)Financial markets remained risk-averse, helping the US Dollar to advance on Tuesday. The American currency shed some ground throughout the first half of the day, but gathered momentum after Wall Street’s opening as US indexes fell for a fourth consecutive session. The American Dollar finished the day at fresh weekly highs, particularly against its high-yielding rivals. The EUR/USD pair hovers around 1.460, while GBP/USD trades in the 1.2140 price zone.

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Investing

These stocks should do even better than the S&P 500 once the Fed pivots to lower interest rates (5 minute read)Investing in the S&P 500 Index SPX may not be the best way to profit from an anticipated Fed pivot. Not because U.S. equities won’t rally when the Federal Reserve decides to reduce the pace of its rate hikes. They probably will. But another category of stocks is quite likely to be an even better performer for a U.S. dollar-based investor - International equities. It’s a good bet that the U.S. dollar’s strength against other currencies will weaken after a Fed pivot, and if that happens, an investment in non-U.S. stocks will earn a double return — both from the stocks themselves and from the appreciation of those stocks’ local currencies vis-à-vis the dollar.

The Best Energy Dividend Stock for a Decade of Passive Income (7 minute read)There is no passive income powerhouse sector that investors overlook more than oil refining stocks. For decades, top-flight refiners have run laps around the broader market. No company better represents the overlooked opportunity in oil refiners than Valero Energy (VLO). The Motley Fool gives a brief look at why Valero is a stock investors should seriously consider when looking for a decade of passive income for their portfolios.

Brown Forman, Campbell Soup, GameStop and more: 3 things to watch (5 minute read)Here are three things that could affect markets tomorrow:

1. Brown Forman earnings: The drinks maker Brown Forman (BFb) is seen reporting earnings per share of 55 cents on $1.08 billion.

2. Campbell Soup earnings: Campbell Soup Company (CPB), maker of snacks and canned soups, is expected to report earnings of 87 cents on revenue of $2.4B.

3. GameStop results: The meme stock GameStop Corp (GME) is set to report earnings, as well. Analysts expect a loss per share of 27 cents on $1.35B in revenue.

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Money

What Happens if You Don't File Robinhood Taxes? (8 minute read)If you're not filing your Robinhood taxes, you could be in for a world of trouble. That's because the Internal Revenue Service (IRS) is cracking down on people who are using the online trading platform to avoid paying capital gains taxes on their profits. If you're caught, you could end up facing huge fines and even jail time. So it's important to understand the rules and make sure you're doing everything correctly.

Starting a Business Has Gotten Harder This Year, Data Suggests (6 minute read)The NerdWallet Small-Business Opportunity Index evaluates six types of economic data that reflect the feasibility of and common hurdles associated with starting a business. The NerdWallet Small-Business Opportunity Index evaluates six types of economic data that reflect the feasibility of and common hurdles associated with starting a business.

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