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Investors have recently witnessed some of the worst trading days since 2020. Stocks took a dive in September over fears the Federal Reserve’s aggressive rate hike cycle will cause the economy to stall, but with more hikes to come, along with slowing growth, geopolitical unrest and persistent inflationary pressure, this could be a prolonged period…
In this article SPOT AMZN NFLX Follow your favorite stocksCREATE FREE ACCOUNT Netflix may as well be a necessity. Even as Americans cut back in the face of rising prices and recessionary fears, fewer want to give up their streaming subscriptions, especially when it comes to TV, movies and music services, such as Amazon Prime, Netflix…
A new Congressional Budget Office (CBO) report on wealth inequality trends over the last 30 years has generated much concern that wealth inequality is too high. Some attribute this to policy choices that the U.S. has made over the past few decades, implying that policy changes could significantly reduce the wealth gap. While there is…
Analysts are concerned about a knock-on effect to the U.K.’s shadow banking sector in the event of a sudden rise in interest rates. Photo by Richard Baker | In Pictures | Getty Images LONDON — After last week’s chaos in British bond markets following the government’s Sep. 23 “mini-budget,” analysts are sounding the alarm on…
In this article F Follow your favorite stocksCREATE FREE ACCOUNT Ford F-150 Lightning pickup trucks are shown at the Ford Rouge Electric Vehicle Center on April 26, 2022 in Dearborn, Michigan. Bill Pugliano | Getty Images DETROIT — Ford Motor is increasing the starting price of its electric F-150 Lightning pickup by $5,000 for the…
As we enter the holiday baking season, one key ingredient will be harder to find: butter. And the lack of supply is already driving prices up. In January, the average price of butter was $3.67 per pound, according to the Federal Reserve Bank of St. Louis. In September, it was up to $4.70 per pound….
One of the biggest credit card misconceptions is that carrying a balance month to month will give your credit score a boost. To that point, 46% of Americans incorrectly believe that leaving a small balance on their card is better for their credit score than paying off the balance each month, a recent NerdWallet study…
Key Findings Alaska’s heavy reliance on oil and gas taxes and investment income creates extreme revenue volatility and complicates revenue forecasts. Alternative revenue streams cannot easily displace existing sources. For example, to raise as much of its revenue from an income tax as the average state does, Alaska would need to have income tax burdens…
D3sign | Moment | Getty Images Travelers are shifting their holiday getaway plans to avoid busting their budgets amid high inflation, according to a new Bankrate survey. Forty-three percent of U.S. adults are planning to take overnight leisure trips between Thanksgiving and New Year’s; of them, 79% are adapting to rising prices for travel in…
In this article DIS WBD Follow your favorite stocksCREATE FREE ACCOUNT Cosplayers dressed in Mandalorian armor and Black Widow pose for a photo during Day 4 of New York Comic Con 2021 at Jacob Javits Center on October 10, 2021 in New York City. ( Bryan Bedder | Getty Images NEW YORK — New York…
Melinda French Gates wants to shake up the tech industry, starting in Silicon Valley. The billionaire philanthropist told Fortune this week that the goal of her venture capital firm Pivotal Ventures isn’t simply to get more women into major companies. Instead, she wants to help foster an entirely new community of women-led startups that can…
fitzkes / Getty If you’re looking to meet the Oct. 17 tax extension deadline, make sure you don’t skip key forms as you’re rushing to the finish line, experts say. It’s critical to file a complete and accurate return to avoid processing delays, according to the IRS, including details from all the necessary forms. Furthermore,…