Yahoo Finance

What's the best way you can budget for travel? NOMADNESS Travel Tribe and Nomadness TV founder Evita Robinson has some travel tips for a range of needs and comfortabilities, such as group travel, deal-finding digital products, and thinking local for more affordable adventures. More: https://lnkd.in/e_uYRmye

On paper, owning a home is almost always more expensive than renting — about 14% more, on average, after factoring in expenses like insurance, taxes, and upkeep. But the difference has grown much more extreme in recent years as just about all homeownership costs have ballooned. https://yhoo.it/3ZigXdM

Auto industry execs, fasten your seatbelts. If President-elect Donald Trump and his team repeal the $7,500 federal tax credit for EVs, as reported, the fallout will be massive. The Biden administration’s signature climate law, the Inflation Reduction Act, introduced the $7,500 EV tax credit for consumer vehicles and numerous others for commercial EVs and battery production, among other things. Since the law’s inception in 2022, EV sales have taken off. In 2023, the first full year of the credit, EV sales jumped 46% year over year to 1.19 million, compared to 813,000 in 2022, according to Cox’s Kelly Blue Book. Last month in a new report dubbed “The Effects of ‘Buy American’: Electric Vehicles and the Inflation Reduction Act, researchers Joseph Shapiro, Hunt Allcott, and Felix Tintelnot quantified the tax credit effect. After constructing a model and running a simulation, the report found that EV sales in the US would drop 27% if the federal EV tax credit were removed, compared to a scenario with the EV tax credit in place. The report found this would lead to EV registrations falling to 867,000 EVs from 1.184 million with the tax credit in place — or 317,000 fewer EVs. More: https://lnkd.in/gDfGUfV2

The country’s overall debt load reached a new peak of $17.9 trillion, thanks to across-the-board growth in mortgage, auto, credit card, education, and other consumer debt. The share of credit card balances more than 30 days past due hit 11.1%, the highest since early 2012. The total share of debt in delinquency inched up to 3.5%, from 3.2% in the spring. https://yhoo.it/4eG8NAt

Want to invest in gold? Novice to experienced investors may have a use for gold in their portfolios, but there is a caveat. Gold does not behave like cash, stocks, or bonds, so some learning may be required to use it appropriately. https://yhoo.it/3ASp2Na

The new buyback plan will expire in January 2029. https://yhoo.it/3CGiZMa

As the holiday season approaches and Thanksgiving Day draws near, Americans continue to grapple with persistent inflation's impact on food prices. Butterball, LLC CEO Jay Jandrain says this year's turkeys are actually a little less expensive this year. More: https://lnkd.in/gAG3PA93

U.S. Securities and Exchange Commission Chair Gary Gensler will step down from his position this January ahead of President-elect Donald Trump's reentry into the White House. Gensler's departure comes as bitcoin nears $100,000, with crypto investors hoping the new SEC chair will be more favorable to crypto. Here's what you should know about the crypto's value milestone. More: https://lnkd.in/gT2eUpJ9

Super Micro Computer stock continued its rebound Friday, notching weekly gain of over 78%. Shares of Super Micro — the AI server maker that uses Nvidia's (NVDA) chips and has a major deal with Elon Musk's xAI — rose 11.6% in Friday trading to roughly $33. https://yhoo.it/490ycDV

Bitcoin is surfing the $100k mark, and without having fundamentals and executive management team outlooks to look at, crypto analysts have to get creative when evaluating the market. Looking at the current state of affairs, Fundstrat's Sean Farrell notes that one key metric — the difference between South Korean bitcoin prices — shows things are much calmer than the rally indicates. Read more in our latest Chart of the Week.