Here are must-read MarketWatch articles on investing and personal finance from the past week.
1. Investors may wind up cheering Uber and Lyft as consumers pay more
Shares of Uber
were down as much as 10% after the ride-sharing pioneer posted a $5.24 billion loss for the second quarter. For rival Lyft
there was a seesaw ride for the shares after quarterly sales came in above expectations. But both companies have been increasing prices, which could be a silver lining for investors.
Shares of Uber and Lyft are trading below their initial offerings prices from earlier this year:
2. China fights back in a different way
China’s decision to devalue the yuan against the dollar caused enough worry to send the Dow Jones Industrial Average
down 767 points on Monday, with the S&P 500
dropping 3%. Bill Watts explains the relationship between currency manipulation and the trade war and how other countries are playing the devaluation game.
3. Taking the long view on China
Ray Dalio believes China‘s growth story is so important, it is risky not to invest there.
4. Modern Monetary Theory is dangerous
You may have read about “Modern Monetary Theory,” which describes the contagion of central bank policies leading to interest rates that are so low that over $13 trillion in government bonds now have negative yields. Ed Yardeni says it is not really a theory — his definition of MMT is alarming.
5. How one man stopped behaving like a financial fool
Here’s a heart-warming story of a good marriage and financial discipline.
6. Arguments for favoring real estate over the stock market
Mark Hulbert looks at statistics and history to conclude that real estate will probably be less risky than the stock market over the next 10 years. Analysts at Jefferies made their own case for real estate.
7. These retailers can weather the trade storm
Shares of Amazon.com
have hit a rough patch. However, internet giant Costco
and other retailers have taken action that might insulate them from the worst effects of tariffs on imports from China.
8. College is not for everybody
A survey indicates half of young adults in the U.S. believe a college education may not be worth the cost.
Related: New bill on students pledging future income is ‘an open license for discriminatory financing’
9. The story of a ‘friend’s’ fraud
In an interview with Quentin Fottrell, Rachel DeLoache Williams describes how she was scammed out of $62,000, despite seeing numerous warning signs.
10. Simple and important advice for home buyers
You are very likely to leave money on the table if you don’t do this.
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