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finance

Why Britain's Lower Inflation is Making Waves in Global Markets

October 16, 2024

Stock markets around the world had a mixed day on Wednesday. This happened after U.S. stocks lost some of their recent gains, especially in tech and energy companies. Britain reported that its inflation rate dropped to 1.7% in September, the lowest in over three years. This good news boosted the FTS

finance

Why Keeping Cash in Payment Apps Might Not Be Smart

October 16, 2024

Connor Tomasko from Chicago is a money management enthusiast who's urging people to be cautious about keeping money in payment apps. While these apps, like Venmo and Cash App, are easy to use, they don't offer the same protections as banks. For instance, funds in these apps aren't usually insured by

finance

Bank of America's Third Quarter: Profit & Trading Ups, Loan Losses Up

October 15, 2024

Bank of America had a pretty good quarter! They beat what experts expected by making more in profit and revenue. Here are the stats they shared: Earnings: 81 cents, while analysts said 77 cents Revenue: $25.49 billion, just over the $25.3 billion guess But the story isn't all sunshine and rainbow...

finance

Desert Store Hits the Jackpot: A New Millionaire in Town

October 15, 2024

In the heart of the Mojave Desert, a little store called Primm Valley Lotto just made someone's day—and their bank account! A lucky Powerball ticket sold at this tourist spot matched five numbers in the recent drawing, winning its owner a cool $2,321,838. The store isn't left out of the celebration

finance

Why You Should Consider Buying Flutter's Stock After a Recent Sell-Off

October 14, 2024

Investing in Flutter Entertainment could be a smart move, according to Wells Fargo. The company's stock took a hit recently, dropping by nearly 9% after news of potential higher taxes in the UK's gambling industry. But don't let that scare you off, says analyst Daniel Politzer. He believes the sell-

finance

Has China’s Economy Found Its Savior?

October 14, 2024

On Monday, Asian shares took an upward leap, with Chinese stocks soaring over 1% after the finance minister hinted at more economic support. While U.S. futures remained steady and oil prices dipped, investors worldwide held their breath for more details on China's new stimulus plan. Experts believe

finance

China's Finance Ministry Prioritizes Local Debt Over Economic Boost

October 14, 2024

China's Ministry of Finance recently held a press briefing, highlighting its focus on resolving local government debt issues rather than providing the economic stimulus markets were hoping for. Finance Minister Lan Fo'an outlined four key measures to support local governments in managing debt risks.

finance

Retirement Woes: Why Health Costs Scare U.S. Retirees

October 14, 2024

Health costs are a major worry for U.S. retirees. Long-term care, like nursing homes and home health aides, isn't covered by Medicare. This can lead to huge bills late in life. Planning for these costs is key, says Christine Benz, director of financial planning at Morningstar. Retirement expens

finance

China's Economic Plan: Will It Be Enough?

October 13, 2024

China has been trying to revive its economy by offering support to the struggling property sector and local governments with heavy debt loads. However, recent updates from Finance Minister Lan Fo’an have left economists scratching their heads. They're wondering if the government is truly committed t

finance

Which Presidential Candidate is Better for Wall Street?

October 13, 2024

In just over a month, voters will decide the country's future. While not all presidential actions affect Wall Street, the economic policies of the incoming administration can significantly impact the stock market. Over the past two terms, stocks have performed well. During Donald Trump's presidency