Buck Bully
Business Articles
[MoneyWise] Bank of England recently bought £19.3 billion of U.K. government bonds to prevent a collapse in the country’s pension industry. In the eyes of Rich Dad, Poor Dad author Robert Kiyosaki, that’s a sign to acquire three specific alternative assets. “Bank of England pivot means buy more GSBC,” he […]
[Fortune, AP] The dollar is up 18% this year and last month hit a 20-year high, according to the benchmark ICE U.S. Dollar Index, which measures the dollar against a basket of key currencies. The cost of living in Cairo has soared so much that security guard Mustafa Gamal had to send […]
[CNN Business] Stubborn inflation and the Federal Reserve’s jumbo-sized interest rate hikes will drive the American economy into a 1990-style mild recession starting in the spring, Fitch Ratings warned on Tuesday. In a report obtained first by CNN, Fitch slashed its US growth forecasts for this year and next because of one of the […]
[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 […]
[Fortune, Bloomberg/Getty Images] The company performed well in Q2, providing hope that the broader economy is strong. Americans bought less stuff and spent more on services like travel and recreation coming out of the pandemic, catching major retailers off guard at the start of this year. Now with the threat of a […]
[Business Insider, Getty Images] Over 30,000 tech workers have lost their job as of July. Insider spoke to employees from Tesla to Coinbase to hear their stories. These are their stories of the personal and economic toll of layoffs in the industry. According to the latest data from the US […]
[Reuters, Getty Images] The dollar pared gains on Thursday after data showed that the U.S. economy contracted again in the second quarter, fueling speculation that the Federal Reserve will not raise rates as high as previously expected. Gross domestic product fell at a 0.9% annualized rate last quarter, the Commerce […]
[Fortune] Last week, Florida Gov. Ron DeSantis announced that low-income families in the state will receive checks worth $450 per child, in an effort to ease the toll decades-high inflation is taking on household bottom lines. Florida joins more than a dozen other states that have implemented some type of relief […]
[CNN] Ex-treasury secretary, Larry Summers, says “It’s a great likelihood that we will have a recession.” Is the United States heading for a recession? Or is the economy already in one? It — almost — doesn’t matter. For many Americans, it already feels like a recession. Soaring prices for, well, just about everything, make it tougher […]
[CNN] The job market in America is still healthy. The unemployment rate is just 3.6% and many employers are continuing to hire workers at a steady clip. But some major companies appear to be getting a little nervous. Apple (AAPL) is said to be slowing its pace of new job additions. Microsoft (MSFT), Facebook parent Meta and Google owner Alphabet (GOOGL) are reportedly […]