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With Grocery Prices Soaring, This High-Tech Food Play Belongs on Your Shopping List

Aside from the continued sell-off in U.S. tech stocks, one of yesterday’s top financial news stories was the fact that U.S. inflation is accelerating – and at a pace that’s exceeding forecasts.

And the surge in food prices is one of the big catalysts…

  • Featured Story

    2013 Tax Changes: These 5 Deductions and Loopholes Might Get Slashed

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    Americans are still adjusting to the effects of the payroll tax increase, but these proposed 2013 tax changes could pack an even bigger financial hit.

    That's because Washington is desperate for additional revenue streams.

    To solve the problem, U.S. President Barack Obama and others have suggested closing some loopholes and altering deductions in order to reduce the budget deficit and avoid some of the automatic spending cuts.

    Unfortunately, you probably benefit from some of these tax breaks right now.

    Here's a breakdown of five tax deductions and loopholes that could be in danger.

    To continue reading, please click here...

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  • 2013 tax rate changes

  • Possible Tax Changes for 2013 Trigger Stock Selling Anxiety about tax changes for 2013 among investors holding high-yielding dividend-paying stocks has led to a selloff, driving down stock prices.

    It's almost certain tax rates on dividend payments will rise, possibly by as much 43.4% for those in upper income brackets.

    Some investors could be spared from the dividend tax, depending on the outcome of fiscal cliff negotiations. U.S. President Barack Obama has said he wants to increase the tax on those earning $400,000 or more, while Republicans have suggested raising the tax on those earning $1 million or more.

    But even if you're not hit by higher dividend taxes, you could see the prices of stocks you own plunge because of a selloff by investors worried about the higher tax rates.

    Two sectors - telecoms and utilities - have been especially hard hit.

    Utilities could be the worst-performing sector in 2012, up only 2% through November compared with the Standard & Poor's 500 gain of 15%. Telecoms have slipped 5% to 6% just in the past few months.

    Some larger investors in the telecoms sector may have been simply riding momentum and quickly sold out.

    Sam Stovall, chief equity strategist at S&P Capital IQ, told CNBC "some of these groups will be and have been beaten up because a lot of these investors were riding the momentum wave for high yielders."

    But the selling has been pretty consistent in recent months. From August-November, the top 20% of dividend-paying companies in the S&P 500 underperformed the index by about 3%.

    Vadim Zlotnikov, chief market strategist at AllianceBernstein, told the Financial Times, "You can't argue that the threat of higher taxes is not important to investors."

    To continue reading, please click here... Read More...