US stocks closed higher Wednesday as minutes from the Federal Reserve’s meeting last month underscored policymakers’ resolve to combat hot inflation but also suggested a potential breather in its rate-hike campaign. Tech stocks as measured by the Nasdaq Composite scored a third straight win after pushing past earlier weakness. Tech behemoths Apple and Amazon were… Continue reading US stocks end higher in choppy session as Fed minutes show policymakers determined to tame soaring inflation
Zimbabwe will issue gold ‘Mosi-oa-tunya’ coins as sky-high inflation slams local currency
Zimbabwe will begin to sell gold coins later this month to rein in hyperinflation as the local currency dramatically loses value. The governor of Zimbabwe’s central bank said Monday that the coins will be sold based on the international price of gold and cost of production. They can be purchased in Zimbabwean dollars, US Dollars,… Continue reading Zimbabwe will issue gold ‘Mosi-oa-tunya’ coins as sky-high inflation slams local currency
The euro is facing a deeper slide under the weight of Europe’s gas crisis and the ECB’s bond-rout response, says Societe Generale
The euro, which dropped closer to parity with the US dollar on Wednesday, is “unbuyable” as the shared currency struggles with Europe’s reliance on Russian energy and the European Central Bank’s overreaction to a jump in regional bond yields, Societe Generale said Wednesday. The note from Kit Juckes, SocGen’s chief global currency strategist, arrived on… Continue reading The euro is facing a deeper slide under the weight of Europe’s gas crisis and the ECB’s bond-rout response, says Societe Generale
The US and allies have reportedly floated capping Russian oil prices at as low as $40 a barrel
The US and its allies are discussing the cap on Russian oil, with a potential range between $40 and $60 a barrel, sources told Bloomberg. Leaders at the G-7 summit last week agreed to explore options for a price cap, which is intended to cut Russia’s revenue and hurt its war efforts against Ukraine, while… Continue reading The US and allies have reportedly floated capping Russian oil prices at as low as $40 a barrel
Sam Bankman-Fried says the worst of the crypto liquidity crisis is likely over with FTX holding ‘a few billion’ to prop up failing ventures
The worst of the ongoing cryptocurrency rout that sent tokens plummeting and caused the collapse of some firms is over, FTX’s Sam Bankman-Fried said in an interview with Reuters on Wednesday. He said that his exchange still had “a few billion” on hand to further stem turmoil across digital assets and the companies that trade… Continue reading Sam Bankman-Fried says the worst of the crypto liquidity crisis is likely over with FTX holding ‘a few billion’ to prop up failing ventures
Tax Strategies That Can Reduce Your Tax Bill
Judge Learned Hand once wrote, may so arrange his affairs that his taxes shall be as low as possible. But how might you go about doing that, especially as you think about your 2022 tax return? Here, according to tax experts, are some strategies and tactics to consider: 1. Roth IRA ConversionDistributing some or all… Continue reading Tax Strategies That Can Reduce Your Tax Bill
Best Early Amazon Prime Day Deals on Household Essentials
The Arena Media Brands, LLC and respective content providers may receive compensation for some links to products and services on this website. There’s nothing more satisfying than saving on big-ticket items like appliances, TVs and laptops. But coupon clipping and grocery store hauls aren’t a fad for nothing — saving a few extra bucks on… Continue reading Best Early Amazon Prime Day Deals on Household Essentials
Amazon Prime Members Now Get Grubhub+ for Free
Prime Members get a brand new benefit. The Grubhub+ service, usually $9.99 a month, is now free for a year for Prime members. The list of Amazon Prime membership benefits already goes on and on, but the shopping giant is adding yet another one, and this time it’s food themed. Prime Members in the U.S.… Continue reading Amazon Prime Members Now Get Grubhub+ for Free
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