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Banking, Economy

“FDIC: US bank deposits dropped by most in 39 years to start 2023”

June 1, 2023

“US banks lost $472 billion in deposits in the first quarter, according to a new quarterly report from the Federal Deposit Insurance Corporation (FDIC) that offers a comprehensive look at how the industry navigated its most challenging period since the 2008 financial crisis. The… Continue Reading…

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Banking, Real Estate

“US lenders are starting to go bankrupt with new mortgages down 47%…” 

January 20, 2023

“…A report from ATTOM reveals that new mortgage originations were down 47% in the third quarter of 2022 compared to the year before. That’s a 19% decrease from the previous quarter and represents the biggest annual drop in 21 years.… Continue Reading…

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Economy

“…8.7% Social Security cost-of-living increase starts in 2023…”

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…

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Economy

“…Americans look for side hustles to fight inflation”

November 8, 2022

“Do you feel like you need to take on a second job to keep up with rising prices? If so, you’re not alone. The cost of living rose 8.2% in September, while wages rose just 5.1%. And there are still jobs… Continue Reading…

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Banking, Economy

“Fed Starts Experiment of Letting $8.9 Trillion Portfolio Shrink”

June 2, 2022

“The Federal Reserve is about to start shrinking its $8.9 trillion balance sheet, deploying a second tool along side higher interest rates to curb inflation, though officials don’t know just how effective it will be… After doubling in size through… Continue Reading…

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Stocks

“Dow falls 600 points to start the week as omicron continues to spook markets”

December 20, 2021

“The Dow Jones Industrial Average dropped 600 points, dragged down by losses in Boeing, Goldman Sachs and American Express. The S&P 500 dipped 1.4% and the technology-focused Nasdaq Composite declined 1.3%. The small-cap benchmark Russell 2000 lost 2.2%…” https://www.cnbc.com/2021/12/19/stock-market-futures-open-to-close-news.html People shorting the markets right… Continue Reading…

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Business

Grants and Programs: How Start-Up Owners Can Get Support for Their Businesses

November 12, 2021

Written By Tina Martin Starting a business or growing a young business takes time, effort, and energy. Cash flow is a serious issue for many business owners, especially in the first couple of years when the company is establishing itself.… Continue Reading…

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Business, Predictions, Opinions, & Comments

How to Move Past Financial Setbacks and Start a Business

October 22, 2021

Written By Tina Martin There’s no getting around the fact that suffering financial setbacks is difficult. It’s not fun, and the prospect of overcoming the obstacles set before you can seem daunting if not impossible. But if you have dreams… Continue Reading…

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Stocks

“Shares of Indian food delivery start-up Zomato jump over 80% in market debut”

July 23, 2021

“Shares of Indian food delivery start-up Zomato jumped as high as 82% during its market debut on Friday. The initial public offering price was set at 76 rupees a share and the stock opened 52.63% higher at 116 rupees on… Continue Reading…

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Economy

“New $3,000 child tax credit to start payments in July, IRS says”

April 14, 2021

“The IRS plans to begin sending monthly payments from the new $3,000 child tax credit in July, Commissioner Charles Rettig said Tuesday during a hearing with the Senate Finance Committee. The new and significantly expanded child tax credit was included in the $1.9 trillion… Continue Reading…

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