Cobalt has become a literal hot commodity when electric vehicles arrived on the scene, as the precious metal is found in EV batteries. And even though prices recently dropped, some investors are signaling optimism. Bloomberg reports hedge funds have been buying physical cobalt (rather than financial contracts based on the metal). Why Cobalt? So what…Read more
Savings Shortfall Saving enough for retirement is a big undertaking for most people. But some Americans are in a more disadvantaged situation than others as income inequality makes savings goals harder to reach for some demographics. Mind the Gap Gender and race play a key difference when it comes to Americans’ 401(k) balances, according to…Read more
Are the Pieces Falling Into Place? The path to the Federal Reserve lowering interest rates depends on important economic data, such as jobs and inflation, continuing to cool. As of Friday last week, we can check the first item off the list after the June unemployment rate rose, and the number of jobs added in…Read more
