🔥 Dow Heads For Best October Ever?!

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Markets

Why the Dow is having a killer month as it heads for best October ever (6 minute read)The Dow Jones Industrial Average has been criticized by some market watchers for being a poor barometer of equity-market performance given its relatively small sample size of just 30 stocks - But this quality has helped shepherd the index toward what’s expected to be its biggest October gain in its 126-year history. With a month-to-date gain of 14.40% through Friday, the Dow DJIA, is on track for its best monthly performance since January 1976, when it rose 14.41%

Dollar climbs ahead of busy week for central banks (5 minute read)The dollar advanced on Monday, regaining some ground lost earlier in the month, at the start of a week packed with data releases and central bank rate setting meetings, including by the Bank of England and the Federal Reserve. It is set for a monthly decline in October - its first since May and only its second this year - on growing expectations the U.S. Federal Reserve could signal a less aggressive future programme of rate hikes at its policy meeting that begins on Tuesday.

China’s economy will not overtake the US until 2060, if ever (6 minute read)The consensus that Beijing can achieve whatever target it sets ignores the pace of slowdown in recent years - Xi Jinping’s goal is to make China a mid-level developed country in the next decade, which implies that the economy will need to expand at a rate of around 5 per cent. But underlying trends suggest the country’s overall growth potential is about half that rate.

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Investing

These 2 Dividend Stocks Are Practically Money Machines! (5 minute read)With the pandemic disrupting almost every industry, dividends have been cut, or even cancelled, as companies aim to build up cash reserves. And now that inflation is wreaking havoc, this trend continues to plague income portfolios. The Motley Fool's Zaven Boyrazian explores two dividend stocks continuing to increase shareholder dividends even as inflation heats up.

Long-Term Investment Options in Metaverse Stocks: 5 Companies That Could Prosper in the Age of Web3 (7 minute read)As a new year of more innovations and hopes of greater fiscal control loom, it may be worth investors taking a fresh look at some of the key players of the metaverse. Nasdaq's Dmytro Spilka takes a deeper look at five metaverse stocks that may be heading for a more prosperous 2023 as Web3 continues its growth: Meta (META), Nvidia Corp. (NVDA), Cloudflare (NET), Microsoft (MSFT) and Match Group (MTCH).

Twitter to lay off 25% of workforce in first round of job cuts - Washington Post (3 minute read)Twitter, which was acquired last week by billionaire Elon Musk, plans to let go of a quarter of its workforce as part of what is expected to be a first round of layoffs, the Washington Post reported on Monday, citing a person familiar with the matter. Twitter had over 7,000 employees at the end of 2021, according to a regulatory filing and a quarter of the headcount amounts to nearly 2,000 employees.

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Money

It’s Easier To Generate More Passive Income In A Bear Market (10 minute read)Although going through another bear market is a bummer, the positive is we can all generate more passive income! And given we can now generate more passive income we can also get that much closer to financial freedom. In this blog post, Financial Samurai gives his tips on generating more passive income in today's economy.

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