FOX 26 Consumer Reporter Heather Sullivan has some smart sense on how the cost of unemployment is benefitting fraud.
Report: Here are the top 5 countries in the world to grow old in — and the US doesn't even come close
From finances to general well-being, these nations have it figured out.
Europe’s deglobalization and surging nationalism have echoes of the 1930s. Now it's heading into a major energy crisis.
Countries are turning away from globalization, as populism has a moment in the sun.
- Business Insider
The Fed has the world in its hands — and its aggressive moves are creating global economic chaos that could come back and hurt the US
The Fed is at the epicenter of a global race to fight inflation and boost currencies. Its next few moves could make or break the global economy.
- Yahoo Finance
Last week, stocks tumbled to their lowest level since November 2020. The S&P 500 fell 2.9% to close the week at 3,585.62. The index is now down 25.2% from its January 3 closing high of 4,796.56.
UK Prime Minister Liz Truss on Sunday conceded she should have better prepared Britain for her recent debt-driven mini-budget, which slashed taxes and sparked market turmoil, as her restive ruling Tories kick off their annual conference.
- Associated Press
Far-right leader Giorgia Meloni, who is poised to become Italy’s next premier, vowed Saturday to put national interests first in tackling soaring energy costs as she made her first public outing since her Brothers of Italy party won the most votes in the country's national election. Meloni addressed farmers and producers at an agricultural fair in Milan sponsored by Italy’s influential Coldiretti farm lobby.
- Associated Press
Business sentiment among large manufacturers worsened for the third straight quarter, a Bank of Japan survey showed Monday, as the nation grappled with rising costs, the dropping value of the yen and restrictions on economic activity over the coronavirus pandemic. Worries are growing about how the Bank of Japan hasn’t gone along with other central banks in tightening interest rates to curb growing inflation. Japan has been trying to fight deflation in recent years and has kept interest rates at near zero.
- The Telegraph
While the landmark Brandenburg Gate in Berlin is blacked out in a bid to preserve energy, I can see the bright lights of the Empire State Building blazing from my window in New York. The contrast is striking. Germany has just hit double-digit inflation of 10.9 per cent for the first time in decades. And as for Britain – well, it’s never been cheaper from an American’s perspective.
(Bloomberg) -- Governments and companies around the world are facing unprecedented costs to refinance bonds, a burden that’s set to deepen fissures in debt markets and expose more vulnerabilities among weaker borrowers. Most Read from BloombergCredit Suisse CEO Seeks to Calm Markets as Default Swaps ClimbTesla Deliveries Miss Estimates, Slowed by Logistic SnarlsOPEC+ to Consider Output Cut of More Than 1 Million BarrelsGet Ready for Another Bear-Market Rally, Strategist Emanuel SaysUkraine Lates
(Bloomberg) -- Kwasi Kwarteng is privately trying to reassure Conservative Members of Parliament that his tax cuts can fix the UK economy, in a bid to head off a potential rebellion.The Chancellor of the Exchequer has talked to about 25 MPs in recent days, according to a person familiar with the matter, who said Kwarteng recognizes the scale of unease at his plans. At the same time, the chancellor is confident he will persuade the would-be rebels to back down, the person said.The backlash over K
The Federal Reserve has raised interest rates in 2022 after more than two years of keeping rates steady, at a very low level. The Fed increased the interest rate by 0.5% in March 2022 and by another 0.5% in May … Continue reading → The post How Does Raising Interest Rates Help Curb Inflation? appeared first on SmartAsset Blog.
The last seven days have been a rollercoaster with mortgage costs and the pound thrown off course.
Japanese manufacturer' business mood worsened in the three months to September and corporate inflation expectations hit a record high, a central bank survey showed, as stubbornly high material costs clouded the outlook for the fragile economy. Corporate capital expenditure plans for the current fiscal year stayed strong, the Bank of Japan's "tankan" survey showed, thanks in part to the boost to exporters from the weak yen. "Big manufacturers' sentiment was surprisingly weak as slowing global growth took a toll on the materials sector through declines in commodity prices," said Takeshi Minami, chief economist at Norinchukin Research Institute.
LONDON/NEW YORK (Reuters) -Calls to the Bank of England saying some British pension funds were struggling to meet margin calls began on Monday. Wild gyrations in financial markets in response to a government "mini-budget" on Sept. 23 meant that swathes of Britain's pension system were at risk, raising widespread concerns about the country's financial stability. British Finance Minister Kwasi Kwarteng's statement had included dramatic plans to slash taxes and pay for it with borrowing which sent government bond yields soaring.
- Motley Fool
It's no secret the Social Security program is in need of reform. The combined Social Security trust funds -- the source of benefits paid to retirees, survivors, and disabled individuals -- are on track to be depleted by 2035, according to the Board of Trustees. The number of beneficiaries who owe taxes on their Social Security checks has risen rapidly over the last few decades, and with a potentially massive cost-of-living adjustment (COLA) coming in 2023, some seniors will see a larger tax bill in 2024.
(Bloomberg) -- If European governments aren’t convinced by warnings from European Central Bank President Christine Lagarde that excessive fiscal stimulus can cause serious damage, she might invite them to consider the UK.As governments across the euro area prepare for a brutal winter of energy shortages, Lagarde has been urging them to focus financial support on the most vulnerable families. But the bloc’s biggest economies have instead preferred broad-based measures that hold down bills for eve
(Bloomberg) -- Friday’s US jobs report is projected to show a labor market at cruising speed in September, with more moderate but still-healthy payrolls growth that’s likely to keep the Federal Reserve pumping hard on the monetary-policy brakes.Most Read from BloombergCredit Suisse CEO Seeks to Calm Markets as Default Swaps ClimbTesla Deliveries Miss Estimates, Slowed by Logistic SnarlsOPEC+ to Consider Output Cut of More Than 1 Million BarrelsGet Ready for Another Bear-Market Rally, Strategist
Britain's housing market has been rocked by the UK government's costly budget, as retail banks pull mortgage rates in anticipation of more costly products, sparking fears of tumbling home prices.
Prime Minister Liz Truss’s tax breaks are supposed to get the UK economy out of the doldrums.