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30-year-old retiree earned $97,000 in passive income from Amazon last year: Here’s how she got started

[CNBC, Rachel Richards] In 2017, by age 24, Rachel Richards had already worked as a financial advisor and then as a financial analyst at a manufacturing firm. After picking up her license, she began working as a Realtor. No matter what kind of work she was doing, one thing remained constant: People in her life […]

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Crypto fans await the ‘flippening,’ when Ether will surpass Bitcoin in value. ‘This event is getting closer by the day’

[Fortune | Bloomberg, Getty Images] Ether has surged 50% in the past month ahead of its long-awaited switch to a so-called proof-of-stake system. Bitcoin, the world’s biggest cryptocurrency, has always reigned supreme in the land of digital assets. But now, thanks to an eye-popping surge by Ether, fans of the No. 2 token by market […]

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3 tips for making a passive income so you can quit your job, from entrepreneurs making $8,000/month or more

[CNBC] There are many ways to build a passive income. Among the most popular, historically, have been investing in a given portfolio and letting compounding interest make that money grow and buying and renting out properties. But as social media and platforms like YouTube grow in popularity, many content creators are learning they can reap the benefits of passive income themselves. […]

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Nasdaq Bear Market: 5 Tremendous Growth Stocks You’ll Regret Not Buying on the Dip

[The Motley Fool, Getty Images] KEY POINTS Though bear markets can be unnerving, they’re the perfect time for long-term investors to go on the offensive.These five fast-paced stocks are well positioned for double-digit growth, no matter what the economy throws their way. These phenomenal growth stocks are ripe for the picking, following a 34% peak […]

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Tech’s great layoffs: Over 30,000 tech employees lost their jobs as of July. These are their stories in their own words.

[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 department of labor, unemployment claims have jumped to an […]

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3 ways Black investors can bounce back from crypto losses and build wealth, according to a couple who retired in their 40s

[Business Insider, Phyllis Iller] 38% of Black investors under 40 own cryptocurrency, compared to 29% of white investors under 40.When the price of bitcoin dropped in June, the Black community was disproportionately affected.Kiersten and Julien Saunders of rich & REGULAR say you can still bounce back and build wealth. After a long bull run in […]

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U.S. Bank illegally used customer data to create sham accounts to inflate sales numbers for the last decade.

[Business Insider] Now they’ve been fined $37.5 million plus interest on unlawfully collected fees. U.S. Bank was fined for using customer data to open sham accounts and new lines of credit without permission. Employees were pressured to access customer credit reports and open new accounts to inflate sales numbers.The bank is required to pay $37.5 million […]

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Crypto market stands like Nasdaq in the early 2000s. Here’s why

[MarketWatch As the Federal Reserve raised its benchmark interest rate for the fourth time this year on Wednesday to cool off inflation, I caught up with Ben McMillan, founder and chief investment officer at IDX Digital Assets, to chat about the recent status of the crypto market. Crypto in a snap Bitcoin BTCUSD gained 0.8% over the past […]

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Dollar pares gains as US growth contracts for second quarter

[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 Department said in its advance […]

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Market jump after Fed rate hike is a ‘trap,’ Morgan Stanley’s Mike Wilson warns investors

[CNBC] KEY POINTS Morgan Stanley’s Mike Wilson believes stocks are on a collision course with more pain due to the economic slowdown.The firm’s chief U.S. equity strategist and chief investment officer said on CNBC’s “Fast Money” that investors should resist putting their money to work in stocks despite the market’s post-Fed-decision jump. Morgan Stanley is urging […]

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