[Washington Post, Bloomberg] Nearly every major currency has lost ground against the U.S. dollar this month, an offshoot of the Federal Reserve’s campaign to rein in inflation through higher interest rates. For Americans, a stronger dollar means cheaper imports and trips abroad. But it can also weigh on other economies, […]
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[Markets Insider, AP] China’s yuan dropped to its lowest level versus the dollar since 2008. The onshore currency weakened to 7.2409 per dollar, its lowest in 14 years. Beijing must navigate a weakening currency, a real estate crisis, and disruptive COVID-19 lockdowns. China’s yuan weakened to its lowest mark against […]
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[CNBC, Reuters] KEY POINTS The Federal Reserve began its two-day meeting Tuesday, and economists expect the central bank to announce a third consecutive three-quarter point rate hike. “This is really moving into restrictive monetary policy territory. We will be moving into no man’s land,” said one economist. “We actually haven’t […]
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[CNBC, Getty Images] Many people know how to earn money, but that’s only a small part of the equation. You also have to know how to multiply it over time, and when you should — and should not — spend on something. It took me 20 years of trial and error before I achieved […]
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[CNBC, Getty Images] KEY POINTS Spending by big retailers including Walmart and Target is way up this year, despite big earnings declines. Technology spending is a top priority, while other costs are more likely to be cut. Store refreshes are a focus for some brands as new investments reflect changes […]
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[MoneyWise] With many experts continuing to see rocky times ahead for the stock market, it might be time to look at dividend stocks for the rest of 2022. Dividend stocks are a way to diversify a portfolio that may be chasing growth a little too obsessively. They generate income in good times, […]
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[NPR, AP] The complaint filed by the Federal Trade Commission alleged that Credit Karma falsely told users they were preapproved for credit cards and other offers, harming their credit scores and wasting their time. The Federal Trade Commission is ordering Credit Karma to pay its users $3 million after pushing […]
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[CNBC, Getty Images] KEY POINTS The EU’s common currency was trading around 0.9911 versus the dollar by 10:00 a.m. London time (5:00 a.m. ET), having climbed off lows of $0.9881 hit earlier in the day. On Friday, Russian energy supplier Gazprom announced it would not resume its supply of natural gas to […]
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[CNBC, Getty Images] KEY POINTS If you’re feeling unsteady amid stock market volatility, high inflation and rising interest rates, you may wonder how much cash you really need to have handy. Experts may suggest three months, six months or one year of expenses, depending on your situation. If you’re feeling […]
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[New York Post] A Bed Bath & Beyond exec was facing a $1.2 billion “pump-and-dump” stock fraud suit when he apparently leaped to his death from his swank 18th-floor apartment in Lower Manhattan last week. Gustavo Arnal, who was the chief financial officer of BBB, is among the defendants named in a […]
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