Author: Press Room
The Federal Reserve cut interest rates by a quarter of a percentage point but signalled a slower pace of easing next year, sending the dollar racing to a two-year high and igniting a sell-off in US and international stocks.The Federal Open Market Committee on Wednesday voted to reduce the benchmark rate to a range of 4.25-4.5 per cent, its third cut in a row. Cleveland Fed president Beth Hammack cast a dissenting vote, preferring to hold rates steady.Officials’ projections for rates in 2025 pointed to fewer cuts than previously forecast, underscoring their concern with lingering inflation. In a sign of…
By Lin Grensing-Pophal, Next Avenue Mary has worked in marketing at a major health care organization that is committed to promoting from within and has a leadership development program that invites 20 people across the organization each year. Mary has yet to be invited, despite often telling her manager that she was very interested. Is she being overlooked because she is 59 or something else? It’s hard to say. Organization leaders, including those in HR, are quick to deny inherent, or implicit, bias against older workers. Yet there is research to indicate that older workers may be considered for fewer…
A federal consumer watchdog is warning that certain credit card companies may be illegally devaluing accrued rewards such as points or airline miles. The Consumer Financial Protection Bureau (CFPB) said Wednesday that companies may violate federal law if fine print disclaimers or vague terms buried in a contract conflict with promotional language, if companies deflate the value of a customer’s accrued awards, or if system failures result in consumers losing points when attempting to redeem them. “Large credit card issuers too often play a shell game to lure people into high-cost cards, boosting their own profits while denying consumers the rewards…
This article was written byFollowFocused on analyzing 13F reports & building tools to help DIY investors generate absolute returns through exploiting inefficiency, volatility, and momentum.Analyst’s Disclosure: I/we have a beneficial long position in the shares of PARA either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. Seeking Alpha’s Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given…
At Huawei’s electric vehicle division a giant screen highlights two of the biggest changes in human mobility in the past 150 years: from horses to cars, and from the internal combustion engine to driverless EVs.Huawei was not around for that first automotive revolution, but despite being heavily targeted by US sanctions, the Chinese tech powerhouse is determined not to be excluded from the second.The world’s biggest telecoms group and one of the biggest smartphone producers believes it can corner lucrative segments of the car industry as it is transformed by automation and electrification.Its aspirations run from providing carmakers with hardware…
People often associate the entire realm of digital assets with Bitcoin or cryptocurrencies, but digital assets are much more than that. In fact, digital assets comprise all electronically stored pieces of information used and owned, ranging from emails, text messages, social media posts, self-recorded videos, photos, blogs, websites, downloaded videos, and songs, to art, NFTs, biometric data, financial and medical records, and all of the accounts that hold this information. According to a new Bryn Mawr Trust 2024 Digital Asset Survey, the average American has hundreds of accounts and values their digital assets at $191,516. However, despite this high reported…
This article was written byFollowScientist and trader of biotech stock. Focus on trading around events such as trial results and NDA/BLA approvals. Also covering companies in industries regulated by the FDA. Articles present my opinion on stocks, but don’t constitute investment advice.Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with…
Unlock the White House Watch newsletter for freeYour guide to what the 2024 US election means for Washington and the worldDonald Trump has lost a bid to overturn his conviction in a New York “hush money” criminal case in the wake of a US Supreme Court decision that grants broad immunity for presidential actions.The decision by a judge on Monday comes as Trump prepares to re-enter the White House in January, the first former president to ever be convicted of a felony. All four criminal cases brought against him since his first term have either been dismissed, put on hold or…
By Deborah Lynn Blumberg, Next Avenue Gerry Galewski of Milwaukee retired at age 69 after a 47-year career working in computer technology, most recently for a software development company. Galewski lasted six months before he got restless and “unretired,” taking a job stocking shelves at his local supermarket. “It was a way to keep me active,” he says. Since then, he’s taken on consulting projects as a solopreneur. Then, one day at Walgreens while picking up medicine, Galewski observed customers getting impatient in the long line. “It was obvious they needed help,” he says. He talked to the pharmacy manager…
This article was written byFollowThe Value Portfolio specializes in building retirement portfolios and utilizes a fact-based research strategy to identify investments. This includes extensive readings of 10Ks, analyst commentary, market reports, and investor presentations. He invests real money in the stocks he recommends. He is the leader of the investing group The Retirement Forum with features including: model portfolios, macro overviews, in-depth company analysis and retirement planning information. Learn more.Analyst’s Disclosure: I/we have a beneficial long position in the shares of DVN either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own…
