Last month, the Federal Reserve implemented its fifth straight interest rate hike this year, and its third consecutive hike at 75 basis points, bringing its key funds rate up to the 3% to 3.25% range....
Tag: Money
You May Owe Money for Receiving an Airdrop you Likely Didn’t Want
Tax struggles are real. If you’re an Ethereum holder in the United States, you may owe taxes for receiving an airdrop you likely didn’t want. In September 2022, the Ethereum network migrated from usin...
AMC unit Odeon Finco to offer $400 million of 5-year bonds to raise money needed to repay term loans
Odeon Finco Plc, a unit of AMC Entertainment Holdings Inc. AMC, -4.33%, said Wednesday it is issuing $400 million of senior secured five-year bonds in a private offering. Proceeds of the deal will be ...
Cash is king again as money managers are in no rush to embrace risk with Fed raising rates
Traders work on the floor of the New York Stock Exchange (NYSE) on October 07, 2022 in New York City. Spencer Platt | Getty Images (Click here to subscribe to the Delivering Alpha newsletter.) Cash, o...
Are French Cities Joining Big Screen Boycotts Of Qatar World Cup Over Morals Or Money?
People gather on the fan zone to watch the Russia 2018 World Cup final football match between France … [+] and Croatia, on the Champ de Mars in Paris on July 15, 2018. (Photo by JACQUES DEMARTHO...
Here’s How Accenture Really Makes Money In 2022
| Getty Images Key Takeaways Accenture plc expects profits to drop about 6% in fiscal 2023 due to the soaring US dollar since about 60% of the business operations are outside of the US. The Dublin-bas...
USDT, USDC, BUSD- Know this update before you park your money in it
Stablecoins play a key role in the decentralized finance and broader cryptocurrency ecosystem, without a doubt. But the rivalry between USDT and USDC seems to have taken a different route. USDT, conti...
Can you mine the ADA token? How to make money using Cardano Staking?
Cardano as a network is still growing and improving its blockchain. Its prices increased enormously during the last bull run. Yet, prices took a sharp plunge back lower with the current market crash. ...
Fed’s Mester says there’s been no progress on inflation, so interest rates need to move higher
With little or no progress made on bringing inflation down, the Federal Reserve needs to continue raising interest rates, Cleveland Fed President Loretta Mester said Tuesday. “At some point, you know,...
Veteran investor warns ‘we are in the end game of fiat money’, says Bitcoin will take the stage
Lawrence Lepard, the founder of investment management firm Equity Management Associates, has suggested that following the Federal Reserve’s (Fed) recent initiatives to manage rising inflation, fiat cu...
Bernanke says Fed shouldn’t use interest rates to ‘fine-tune’ financial stability risks
The Federal Reserve shouldn’t use its interest-rate policy to “fine-tune” financial stability risks, said former Fed Chairman Ben Bernanke on Monday. Speaking to reporters at the Brookings Institution...
Opinion: Florida’s insurance rates have almost doubled over five years, yet insurance companies are still losing money — and the reason is more insidious than hurricanes
Hurricane risk might seem like the obvious problem, but there is a more insidious driver in this financial train wreck. Finance professor Shahid Hamid, who directs the Laboratory for Insurance at Flor...
Need extra income to tackle higher living costs? Here are the best side hustles to earn extra money in your spare time
Need extra income to tackle higher living costs? Here are the best side hustles to earn extra money in your spare time Many of us would love to add to our income, whether it is through a raise at work...
Why Paul Tudor Jones Always Has Money In Bitcoin
In a recent interview with CNBC’s Squawk Box, Paul Tudor Jones (PTJ) reiterated his support for Bitcoin. In 2020, the legendary investor publicly revealed a bullish stance on the cryptocurrency as a h...
VIDEO: Crypto has become a money grab – Waves founder Sasha Ivanov
I had a pretty interesting discussion this week on the Invezz podcast with the founder of the cryptocurrency Waves, Sasha Ivanov. It was almost philosophical at points. Sasha lamented that crypto is n...
3 reasons why your money is at risk for the rest of October: Morning Brief
This article first appeared in the Morning Brief. Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe Monday, October 10, 2022 Today’s newsletter ...
How Groupon Makes Money: Direct Sales and Commissions
Since its founding in 2008, Groupon (GRPN) has become a household name among bargain hunters. The company connects customers with local commerce, primarily by selling vouchers and coupons for discount...
How Does Robinhood Make Money? An Overview
Robinhood Markets Inc. is a financial technology (fintech) company that operates an online discount brokerage with commission-free trading. It provides a web- and mobile-based financial services platf...
Opinion: How you can save $60k for a home down payment without risk or waiting forever
Yes, starting from zero and trying to save a bit each month will take a while. To put together that princely sum, you’d have to save $500 a month for around nine years in a high-interest savings accou...
Jim Cramer Places Bet on Cryptocurrencies, Warns About “Losing Money Every Year”
CNBC’s Jim Cramer is maintaining his stance on cryptocurrencies. The CNBC Mad Money host warned in August that speculative assets like cryptocurrencies might struggle during the current Federal ...
Free money is coming to Californians to offset high gas prices. Will it also come with a tax bill?
Gas prices are on the rise again in Southern California and beyond. (Francine Orr / Los Angeles Times) To help ease the pain of high gasoline prices, eligible Californians will start receiving tax ref...
How Central Banks Will Be Forced to Print Money Again: Arthur Hayes
Arthur Hayes – co-founder of the crypto trading platform BitMex – published a lengthy blog post on Thursday arguing that central banks will be forced back into “money printing” due to various economic...
How Does Micron Technology Make Money In 2022?
| Getty Images Key Takeaways Micron manufactures computer chips for industries and consumer products. Due to the high demand for chips, Micron’s earnings have been stellar. With an economic slow...
7 Platforms Offering’ Free Crypto Money’ in October 2022 – crypto.news
Crypto offers have increased recently. Here are some of them. An In-depth Look Into Crypto Offers Crypto cash backs are given after processes involving money spending. Platforms refund a certain amoun...
US DOJ charges man for using BTC to launder $5.4M in drug trafficking money
The U.S. Department of Justice (DOJ) has indicted California-based John Khuu for allegedly laundering $5.4 million in proceeds from drug trafficking by using Bitcoin. According to the charges, Khuu s...
Cryptocurrency as Money — Store of Value or Medium of Exchange? – Op-Ed Bitcoin News
**The following article was written by Kristoffer Mousten Hansen and Karras Lambert and published on September 28, 2022. Cryptocurrency as Money — Store of Value or Medium of Exchange? was originally ...
Ripple Grows into Second Largest Arab Economy via UK-Based 3s Money Club
Ripple’s remittance technology is expanding further into the UAE as Ripple partner 3S Money launches in the Middle East. According to a press statement, the Dubai Financial Services Authority (D...
STYLE Protocol Inks Exclusive Partnership With Money Shark
STYLE Protocol has forged a mutually beneficial partnership deal with Money Shark, thus providing the wonderful opportunity for Money Shark to bridge their very first NFT within the precincts of the m...
He nailed three big S&P 500 moves this year. Here’s where this strategist sees stocks headed next, with beaten down names to buy.
A Wall Street hat trick may not be on the cards, with stocks in the red for Wednesday. A two-day rally was never a guaranteed exit out of the bear woods anyway, as some say signs of a durable bottom a...
Rich millennials say this is the best long-term investment
Millionaire millennials haven’t been deterred by this year’s collapse in cryptocurrencies and “nonfungible tokens” and still see them as the No. 1 way to build long-term wealth, a new study finds. Tho...