society

The Federal Reserve misses a crucial turning point in its fight against inflation because it believes in bad data

The Federal Reserve misses a crucial turning point in its fight against inflation because it believes in bad data

The Federal Reserve cannot see the probable economic crash that is coming because it is always looking in the rear view mirror, where it sees nothing but high inflation. The danger arises because the consumer price index and the personal consumption expenditure price index – the two most important indicators of inflation – have a …

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Cryptoverse: Bitcoin miners find themselves stuck in a bear pit

Cryptoverse: Bitcoin miners find themselves stuck in a bear pit

A bitcoin representation is seen in an illustrative photo taken at the Maison du Bitcoin in Paris, France, June 23, 2017. REUTERS/Benoit Tessier Join now for FREE unlimited access to Reuters.com Register Sep 27 (Reuters) – Spare a thought for the embattled bitcoin miner. By the end of 2021, miners were the toast of the …

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Fed Chairman Powell warned of the "pain" ahead.  Seniors on fixed incomes are already feeling it |  CNN Business

Fed Chairman Powell warned of the “pain” ahead. Seniors on fixed incomes are already feeling it | CNN Business

CNN — American seniors face many difficult choices. After the Federal Reserve’s latest rate hike, the combination of rising prices for everything from food to gas to utilities and ever-higher borrowing costs is making the finances of fixed-income Americans increasingly precarious. “Overall they have an increase in day-to-day expenses due to the current economy,” said …

Fed Chairman Powell warned of the “pain” ahead. Seniors on fixed incomes are already feeling it | CNN Business Read More »

Food prices are skyrocketing, and it's changed the way we eat |  CNN Business

Food prices are skyrocketing, and it’s changed the way we eat | CNN Business

New York CNN Business — Lisa Altman prided herself on being able to eat whatever she wanted without worrying too much about the price. When she was growing up, seconds weren’t served and side dishes were rare. “My mom had a budget every week and she stuck to it,” she said. “As I got older …

Food prices are skyrocketing, and it’s changed the way we eat | CNN Business Read More »

Funds flow to Southeast Asian startups as China loses its shine

Funds flow to Southeast Asian startups as China loses its shine

A man walks past the city during the coronavirus disease (COVID-19) outbreak, in Singapore September 29, 2021. REUTERS/Edgar Su Join now for FREE unlimited access to Reuters.com Register SINGAPORE, Sept 23 (Reuters) – Southeast Asian startups are enjoying a boom in fundraising by venture capital and buyout funds seeking bigger returns and shying away from …

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Pandemic Unemployment Benefit Fraud Could Hit $45 Billion, Federal Watchdog Says |  CNN Politics

Pandemic Unemployment Benefit Fraud Could Hit $45 Billion, Federal Watchdog Says | CNN Politics

CNN — Some $45.6 billion in pandemic unemployment benefits may have been fraudulently paid to felons between March 2020 and April 2022, the U.S. Department of Labor’s Office of Inspector General said in a memorandum Thursday. This is the latest report to identify widespread schemes to steal money from a variety of federal relief programs. …

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"She never explained anything": I am an elderly person and I lost $100,000 on the stock market this year.  Can I sue my financial advisor?

“She never explained anything”: I am an elderly person and I lost $100,000 on the stock market this year. Can I sue my financial advisor?

I am a senior citizen and I suffered significant losses in the range of $100,000 during the recent stock market turmoil. Can I sue my financial advisor? I understand the dynamics of the market in terms of its ups and downs, and I’ve weathered them before. However, it has been different with the market over …

“She never explained anything”: I am an elderly person and I lost $100,000 on the stock market this year. Can I sue my financial advisor? Read More »

Brace yourself: the Fed is about to inflict “some pain” with a 75 basis point rate hike.  Here's how to prepare your wallet and wallet.

Brace yourself: the Fed is about to inflict “some pain” with a 75 basis point rate hike. Here’s how to prepare your wallet and wallet.

The Fed is ready to bring the pain. Are you ready? A few weeks ago, Federal Reserve Chairman Jerome Powell warned that there would be “difficulties for households and businesses” as the central bank raises interest rates to fight higher inflation. higher than it has been for four decades. Powell and other members of the …

Brace yourself: the Fed is about to inflict “some pain” with a 75 basis point rate hike. Here’s how to prepare your wallet and wallet. Read More »

Cryptoverse: After Merger, Ether Heads For A $20 Billion Shanghai Madness

Cryptoverse: After Merger, Ether Heads For A $20 Billion Shanghai Madness

Souvenir tokens representing the Bitcoin, Ethereum, Dogecoin and Ripple cryptocurrency networks dive into water in this illustration taken May 17, 2022. REUTERS/Dado Ruvic/Illustration/File Photo Join now for FREE unlimited access to Reuters.com Register Sep 20 (Reuters) – Merger has come, seen and conquered. Not that you would guess from crypto prices. The mega-upgrade to the …

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Frugal is the new trend for young Chinese as the economy falters

Frugal is the new trend for young Chinese as the economy falters

BEIJING, Sept 19 (Reuters) – Before the pandemic, Doris Fu imagined a different future for herself and her family: a new car, a bigger apartment, fine dining on weekends and vacations on tropical islands. Instead, the 39-year-old marketing consultant from Shanghai is one of many Chinese in their 20s and 30s cutting spending and saving …

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