The amount stolen in crypto heists is up 60% this year, according to a report by Chainalysis. Estimates show $1.9 billion was lost to hacks from January to July of this year, up from $1.2 billion last year. That upwards trend is also likely to continue, given the increasing severity of hacks. Loading Something is… Continue reading The amount stolen in crypto heists is up 60% this year to $1.9 billion, according to Chainalysis
S&P 500 industrial and consumer stocks face the biggest hit from a pickup in labor costs as the US sees the tightest job market since World War II, Goldman Sachs says
An acceleration in US wage growth would pressure the earnings of industrial and consumer stocks the most on the S&P 500, says Goldman Sachs. A rise of 100 basis points in wages would reduce industrials’ per-share earnings by 1.4%. Rising oil prices would help soften an earnings blow to the energy sector. Loading Something is… Continue reading S&P 500 industrial and consumer stocks face the biggest hit from a pickup in labor costs as the US sees the tightest job market since World War II, Goldman Sachs says
New Fintech Launches with $20 million in Seed Capital, $50m Warehouse to be the First to Combine Credit and International Money Transfer
Pomelo launches a new type of credit card that enables families in the US to extend their credit abroad while avoiding expensive remittance fees – an industry first , /PRNewswire/ — Pomelo announced a Series Seed of $20 million in venture capital and $50m in warehouse facility for a total of $70m in seed financing, and is the… Continue reading New Fintech Launches with $20 million in Seed Capital, $50m Warehouse to be the First to Combine Credit and International Money Transfer
Oil prices drop as positive signals on Iran nuclear talks raise the prospect of a massive supply influx
Oil prices dropped Tuesday as signs of progress on the Iran nuclear talks raised hopes for a big supply boost. Brent crude fell as much as 2.8% to hit a six-month low, and US oil dropped back below $90 a barrel. Analysts have estimated Iran could add 1 million barrels a day of production within… Continue reading Oil prices drop as positive signals on Iran nuclear talks raise the prospect of a massive supply influx
Housing Slump Continues Apace: Starts Fall, Cancellations Rise
The housing market just can’t catch a break. Soaring interest rates and home prices have put a damper on home sales. Now comes news that housing starts dropped 9.6% in July from June to an annual rate of 1,446,000. That’s down 8.1% from July 2021 and represents the lowest level since February 2021. Meanwhile, about… Continue reading Housing Slump Continues Apace: Starts Fall, Cancellations Rise
Credit-Score Errors Hitting Consumers Where It Hurts
Americans seem to have a love-hate relationship with their credit scores. They love it when the system hums on all cylinders and hate it when credit-scoring models ding them unfairly. Why? Because a lower credit score leads to higher interest rates on approved credit and outright rejections from creditors on major household financial initiatives like mortgages,… Continue reading Credit-Score Errors Hitting Consumers Where It Hurts
Back-to-school Sales: Laptops, Headphones, Backpacks and More
amazon.com If your child has already started school, is about to head back to the classroom, or you have a college student preparing for the Fall semester, it’s never too late to snag some last-minute back-to-school sales. We’ve sorted out the best back-to-school sales by category, including tech, home and dorm décor, school supplies, and… Continue reading Back-to-school Sales: Laptops, Headphones, Backpacks and More
Beware of This Retirement Tax Trap
Would you like to pay less in taxes this year? is a trick question. A pertinent answer is another question: will it cause me to pay more in taxes later? If not, duly paying less in taxes is a no-brainer. But when paying less in taxes now is merely tax-deferral, the decision can be brain-racking.… Continue reading Beware of This Retirement Tax Trap
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