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Eight out of 10 financial advisors see markets diving lower, survey finds

Eight out of 10 financial advisors see markets diving lower, survey finds

Finance
Photo by Ariel Skelley via Getty ImagesMarkets have been a roller coaster ride in the weeks since the coronavirus pandemic reached the U.S. Most of the country's financial advisors think we haven't hit bottom yet, a survey finds.Despite periodic rallies — like Monday's more than 7% rise of both the Dow Jones and S&P 500 — 81% of advisors polled by Ned Davis Research said stocks will still eventually sink lower than the S&P's March 23 level of 2,237, when it was down 34% from its Feb. 19 peak. More than half of advisors surveyed expect the market low to be reached by May 31, while 25% expect markets to bottom even later. NDR found that just 19% of advisors believe the bottom had already been reached by March 23.Given those sentiments, advisors are likely to remain "cautious about d
Oil prices turn lower despite hints Russia and Saudi Arabia are ‘very close’ to a deal

Oil prices turn lower despite hints Russia and Saudi Arabia are ‘very close’ to a deal

Finance
Oil prices dipped during morning deals on Monday, shortly after the CEO of Russian sovereign wealth fund RDIF told CNBC that Moscow and Riyadh were "very close" to an oil deal.International benchmark Brent crude futures traded at $ 32.96 a barrel Monday morning, down more than 3.2%, while U.S. West Texas Intermediate (WTI) futures stood at $ 27.46, more than 3% lower. "I think the whole market understands that this deal is important and it will bring lots of stability, so much important stability to the market, and we are very close," Kirill Dmitriev of the Russian Direct Investment Fund told CNBC's "Capital Connection" on Monday.Oil prices edged into positive territory shortly after Dmitriev's optimistic comments, but have since pared those gains.Earlier...
Got student debt? You may be able to lower your tax bill

Got student debt? You may be able to lower your tax bill

Finance
Woman figuring out her finances.stefanamerIf there's any silver lining to the interest accumulating on your student debt, it's that it can knock down your tax bill.The IRS allows certain borrowers to deduct up to $ 2,500 in student loan interest each year from their taxable income, and it can come from payments to federal or private student loans, said Mark Kantrowitz, the publisher of SavingForCollege.com.Some 12.5 million people claimed the deduction in 2017, which went into effect with the Taxpayer Relief Act of 1997. That means nearly 1 in 3 borrowers take advantage of the write-off.Still, many others could be getting the relief.More from Smart Tax Planning:These high-income filers are getting a visit from the IRSBloomberg doesn't use TurboTax. Here are others' optionsTax refunds will ...
Chinese firm says it can build HS2 in five years and at much lower cost

Chinese firm says it can build HS2 in five years and at much lower cost

Business
A Chinese railway company could be about to take over construction of the troubled HS2 rail link.The British government is in talks with the China Railway Construction Corporation, which has said it can build the line in just five years at a much lower cost. In a letter reported in Building Magazine but seen by the Financial Times, CRCC wrote to HS2 Ltd's chief executive saying: "We are certain that we can offer a cost that is significantly lower than the projections we have seen. :: Listen to the Daily podcast on Apple Podcasts, Google Podcasts, Spotify, Spreaker"The advantages are too great, in our opinion, too great to dismiss on the basis that there are obstacles to overcome. ...
Everton boss Marco Silva has lower points per game tally than David Moyes, Roberto Martinez, Ronald Koeman and Sam Allardyce

Everton boss Marco Silva has lower points per game tally than David Moyes, Roberto Martinez, Ronald Koeman and Sam Allardyce

Sports
Marco Silva has the lowest points per game ratio of any Everton manager since Walter Smith. The Toffees harboured hopes of a top six finish this season, but find themselves in the relegation zone after eight games, despite spending close to £100million on summer transfers. Getty Images - Getty Everton are growing impatient with Marco Silva Silva is under increasing pressure after overseeing four successive Premier League defeats, with the most recent loss at Burnley on Saturday. The coach’s points per game (1.33) is less than his unpopular predecessor Sam Allardyce (1.42) and the lowest since Smith (1.15), who was in charge for fours years between 1998 and 2002. Worst Everton managerial points per game ratios since Walter Smith