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Business, Precious Metals

“Japan Chip Linchpin Soars on $7 Billion Government Buyout Talk”

“JSR Corp., the largest maker of a compound essential to all chipmaking, surged by its daily limit after a report the government-backed Japan Investment Corp. may buy out the company for roughly ¥1 trillion ($7 billion)… JSR controls roughly 30%… Continue Reading…

Banking

“Canada Targets Banks for Billions With Dividend Tax Change”

“Finance Minister Chrystia Freeland is planning to raise billions of dollars from banks and insurance companies by changing the tax rules for dividends they get from Canadian firms… In a measure that officials billed as closing a loophole, Canada will… Continue Reading…

Banking

“US government moves to stop potential banking crisis”

“The U.S. government took extraordinary steps Sunday to stop a potential banking crisis after the historic failure of Silicon Valley Bank, assuring all depositors at the failed institution that they could access all their money quickly, even as another major… Continue Reading…

Economy

“The US government hit its $31.4 trillion debt ceiling — triggering fears of a nasty fallout for Americans. Here are the 3 harmful ways it could impact you”

“The U.S. officially hit its $31.4 trillion debt ceiling on Jan. 19 — launching a ticking time bomb toward a potentially “calamitous” debt default. Unable to break the political deadlock in Congress, the Treasury will now take “extraordinary measures” to… Continue Reading…

Economy

“The US government just hit its $31.4 trillion debt ceiling — triggering fears of a nasty fallout for Americans…”

“The U.S. officially hit its $31.4 trillion debt ceiling on Thursday – launching a ticking time bomb toward a potentially “calamitous” debt default. Unable to break the political deadlock in Congress, the Treasury will now take “extraordinary measures” to ensure… Continue Reading…

Business

“Google, Oracle, Amazon and Microsoft awarded Pentagon cloud deal of up to $9 billion combined”

“The Pentagon said Wednesday that Amazon, Google, Microsoft and Oracle received a cloud-computing contract that can reach as high as $9 billion total through 2028. The outcome of the Joint Warfighting Cloud Capability, or JWCC, effort is in line with the U.S. Defense Department’s effort to rely on… Continue Reading…

Banking

“IMF tells Europe to let consumers bear the brunt of higher bills to encourage energy saving”

“The International Monetary Fund warned European governments against intervening in the region’s worsening energy crisis with broad-based financial support, saying instead that consumers should bear the brunt of higher prices to encourage energy saving and aid the wider shift to… Continue Reading…

Stocks

“The stock market would plunge 33% if the [US] government defaults: Moody’s”

“”Stock prices would be cut almost in one-third at the worst of the sell-off, wiping out $15 trillion in household wealth. Treasury yields, mortgage rates, and other consumer and corporate borrowing rates spike, at least until the debt limit is… Continue Reading…

Personal Finance

“Does The Government Own Part Of Your Traditional 401k?”

“Watching your retirement account grow can be exhilarating. However, if it’s a 401(k) or individual retirement account holding pre-tax contributions, don’t forget Uncle Sam owns a portion of the balance you see.  “All too often, investors look at their traditional… Continue Reading…

Business

“Walmart sales soared as shoppers spent their stimulus checks”

“Walmart sales got a big boost last quarter as shoppers spent their government stimulus checks on home goods, electronics and lawn care products, the company said Tuesday. Walmart’s sales at US stores open for at least one year increased 9.3%… Continue Reading…