[Forbes] BitcoinBTC, ethereum and other major cryptocurrencies have crashed along with the S&P 500 and stock prices this year (with some people betting on ‘a $28 trillion opportunity’). The bitcoin price has plummeted around 70% from its all-time highs, dropping under $20,000 per bitcoin, and dragging on other top ten […]
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[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 […]
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[The Motley Fool] KEY POINTS Polygon makes Ethereum faster and cheaper to use for everyone. New technology will help increase speeds further and promote more development on the blockchain. With multiple partnerships with some of the world’s more recognizable brands, 2022 has been a year of building for Polygon. Polygon’s […]
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[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 […]
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[MarketWatch, Getty Images] Investors eye U.K. meltdown with caution, but find yields they like. Things could always get worse. That was the message from investors hitting the sell button in September as the Federal Reserve renewed its vow to use rapid interest rate hikes to fight stubbornly high inflation, even if it […]
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[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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[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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