December 19, 2022
“American millionaires are trimming their holiday spending and becoming more budget-conscious as a result of inflation, a sign that spending cuts are now rising up the wealth ladder, according to a CNBC survey. The CNBC Millionaire Survey found 80% of… Continue Reading…
December 15, 2022
“EDITOR’S NOTE: Markets were closely watching the Jobs Report in the first week of December, worried that job growth beyond consensus estimates would signal a continuation of inflation, especially amid a high level of job openings. Citi’s recent statement peers beyond… Continue Reading…
December 15, 2022
“EDITOR’S NOTE: America may be going through its own housing recession, but in Sweden, its domestic housing crisis is so severe, it’s cratering a sizable chunk of the EU’s economy. Similar to the 2008 subprime crisis in the US, Sweden’s… Continue Reading…
December 14, 2022
“An alarming number of new homeowners are discovering they owe more on their mortgage than their home is worth as surging interest rates send housing prices spiraling down. About 250,000 Americans who took out a mortgage this year to buy… Continue Reading…
December 14, 2022
“The Federal Reserve will conclude its last policy meeting of the year on Wednesday on the back of a surprise drop in inflation, consensus around a slowed pace of interest rate increases, and markets primed for a coming halt in… Continue Reading…
December 12, 2022
“Despite the U.S. Federal Reserve’s aggressive rate hikes — including four consecutive hikes of 75 basis points — inflation is still running hot. Consumer prices in the U.S. climbed 0.4% in October and were up 7.7% from a year ago.… Continue Reading…
December 12, 2022
“…“Your Social Security benefits will increase by 8.7% in 2023 because of a rise in cost of living,” the Social Security Administration states in the annual statements it is currently sending to beneficiaries. The 8.7% increase will be the highest in 40… Continue Reading…
December 12, 2022
“…U.S. tech giant Microsoft on Monday announced a 10-year partnership with the London Stock Exchange Group and took a near 4% stake in the U.K. bourse operator. The partnership involves next-generation data and analytics, as well as cloud computing products, according to a statement… Continue Reading…
December 9, 2022
“Exxon Mobil unveiled a new corporate plan Thursday that includes increasing its stock buybacks and reducing greenhouse-gas emissions. The company also said that by 2027 “upstream production is expected to grow by 500,000 oil-equivalent barrels per day to 4.2 million… Continue Reading…
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