President Biden addresses the White House Tribal Nations Summit at the Interior Department in Washington on Nov. 30. (Evelyn Hockstein/Reuters) President Biden issued a forceful rebuke Friday of the rapper Kanye West’s string of antisemitic remarks, including his praise of Adolf Hitler and his denial of the Holocaust, and criticized “political leaders” for not directly doing the same. Biden tweeted his statement less than 24 hours after West, now known as Ye, appeared on InfoWars, the far-right, conspiracy-theory-laden program hosted by Alex Jones, and took his recent antisemitic vitriol to ..read more

By Tom Hals and Jonathan Stempel (Reuters) -Conspiracy theorist Alex Jones filed for bankruptcy on Friday, less than two months after a jury ordered him and the parent company of his Infowars website to pay nearly $1 billion for spreading lies about the 2012 Sandy Hook mass shooting. Jones filed for Chapter 11 protection from creditors with the U.S. bankruptcy court in Houston, a court filing showed. The filing said Jones has between $1 million and $10 million of assets and between $1 billion and $10 billion of liabilities. The extent of Jones’ personal wealth is unclear. A lawyer for Jones d ..read more

Home sellers should brace themselves for a tough year ahead, with one real estate group forecasting that property sales could tumble in 2023 as more buyers are sidelined by rising mortgage rates and out-of-reach home prices. The number of homes sold will likely plunge 14.1% to 4.53 million homes, representing the lowest number of property transactions since 2012, when the U.S. was still recovering from the housing crash and Great Recession, according to according to Realtor.com’s 2023 Housing Forecast. The pandemic triggered a massive boom in real estate sales, bolstered by a combination ..read more

BofA warns hot inflation might run rampant for another 10 years — here’s the 1 shockproof sector that could preserve your wealth under that worst-case scenario Despite the U.S. Federal Reserve’s aggressive rate hikes — including four consecutive hikes of 75 basis points — inflation is still running hot. Consumer prices in the U.S. climbed 0.4% in October and were up 7.7% from a year ago. High inflation not only erodes the purchasing power of money but also means the Fed will likely remain hawkish. And that does not bode well for the stock market. Will inflation go back to normal anytime soon ..read more

(Bloomberg) — Blackstone Inc.’s $69 billion real estate fund for wealthy individuals said it will limit redemption requests, one of the most dramatic signs of a pullback at a top profit driver for the firm and a chilling indicator for the property industry. Most Read from Bloomberg Blackstone Real Estate Income Trust Inc. has been facing withdrawal requests exceeding its quarterly limit, a major test for the one of the private equity firm’s most ambitious efforts to reach individual investors. The news, in a letter Thursday, sent Blackstone stock falling as much as 10%, the biggest drop since ..read more

Ask an Advisor: When Taking RMDs, How Do I Avoid Locking in Losses? I’ll Be 72 Years Old Soon, and My Stocks Are ‘Way Down’ This Year I will be 72 years old on Feb. 10, 2023. I have a traditional individual retirement (IRA) account. Most of the money is tied in stocks, and the stocks this year are way down. If I sell to pay the required minimum distributions (RMDs), then I have to sell for a huge loss. How do I avoid that loss and pay for RMDs? Any strategies? -Vinod For some retirees, required minimum distributions are irrelevant because the retirees need to withdraw the money to cover expe ..read more

BofA warns that the US economy will start to lose 175,000 jobs per month during Q1 of 2023, expects a ‘harder landing’ rather than a softer one — here’s why The latest jobs report shows that the U.S. labor market is in decent shape, but Bank of America sees trouble looming in the distance. In October, total nonfarm payroll employment rose by 261,000, beating economists’ expectation of a 200,000 increase. It also means that America’s job growth is heading in the right direction. Bank of America, however, expects nonfarm payroll gains to be cut in half in Q4 of 2022 and turn negative in 2023 ..read more

‘God have mercy on us all’: Robert Kiyosaki warns that the economy is the ‘biggest bubble’ in history, urges investors to dump paper assets — he likes these 3 real assets instead 2022 has been tough for most investors. Stocks have plunged, bonds have tumbled, and even broad benchmark ETFs are deep in the red. But the worst could be yet to come according to Rich Dad Poor Dad author Robert Kiyosaki. “I believe economy is the biggest bubble in world history,” he says in a tweet. “God have mercy on us all.” Since a lot of financial assets have gotten cheaper in this market downturn, it might see ..read more

Former Italian cycling champion Davide Rebellin has died aged 51 after a hit-and-run collision between his bike and a truck in the Venice region. One of the finest classics racers oh his generation, Rebellin won seven of cycling’s major one day races. In 2004, he was the first rider to sweep the Ardennes Classics treble of Liege-Bastogne-Liege, Fleche Wallone and Amstel Gold. He also won the Fleche in 2007 and 2009 as well as classics in San Sebastian and Zurich, both in 1997. He took part in 19 Grand Tours including 12 Giro d’Italia. He was stripped of his Olympic road race silver medal fro ..read more

Americans trying to save some cash for unforeseen expenses are up against a lot — months of red-hot inflation, wages that don’t keep up, the sheer difficulty of delayed gratification in a time when people spend billions of dollars online in one day. It’s hard to put money aside for a rainy day. Indeed, personal-finance guru Suze Orman has this to say about saving: “It takes an extraordinary human being, seriously, to say, ‘I’m taking this much money out of my paycheck and I’m going to put it in an emergency savings account and not touch it.’” “‘It takes an extraordinary human being, serious ..read more