Heartland economics professor speaks out after Federal Reserve hikes interest rates
CAPE GIRARDEAU, Mo. (Heartland News) – Today, the Federal Reserve’s Federal Open Market Committee voted to increase the federal funds rate: a short-term interest rate that banks charge other banks for overnight loans.
They increased the rate from 3.75% to 4%. Households, businesses or any entity with short-term debt are likely to see a ripple effect,
6M US jobs at risk: Report warns Trump’s immigration crackdown could hurt American workers
Just under two months before the November 3 midterm elections in the United States, a new report illuminated how US President Donald Trump’s widespread immigration crackdown could adversely impact American citizens. Concerning figures in an analysis by the American Civil Liberties Union (ACLU) and the American Federation of Labor and Congress of Industrial Organizations (AFL-CIO) showed how the US economy could take a major hit as the current administration continues to detain and deport immigrants increasingly.
Read MoreAsian shares trade mixed after Wall Street falls following Fed rate hike
Asian shares were mixed on Thursday after Wall Street closed lower following the Federal Reserve’s interest rate hike decision for the first time in three years.
US futures were higher.
The quarter of a percentage point increase brings the Fed’s key rate to a target range of 3.75 per cent-4.00 per cent,
» Read more about: Asian shares trade mixed after Wall Street falls following Fed rate hike »
Read MoreBlackRock’s IBIT sees $144M in net outflows as bitcoin ETFs drop
Bitcoin ETFs had a rough Wednesday. Spot bitcoin and ether ETF products collectively shed more than $520 million in a single session.
BlackRock’s iShares Bitcoin Trust, known as IBIT, recorded approximately $144 million in net outflows on the day in question. That figure lands alongside the previous session’s $161.7 million redemption from the same fund.
» Read more about: BlackRock’s IBIT sees $144M in net outflows as bitcoin ETFs drop »
Read More17 Words From Warren Buffett About Bear Markets That Could Transform Your Portfolio
Key Points
-
Two of Buffett’s longstanding investing themes are to stay invested in stocks over the long term and look for good deals.
-
Doing so will help you tap into the market’s eventual rebound once the bear market passes.
-
One of the best ways to put his advice into practice is to own the Vanguard S&P 500 ETF and contribute to it regularly,
The Burst
Stock Market Riddle Reveals Big Opportunity
Imagine a company generating $210 billion in revenues, what do you think it would be worth? To give you a clue, Alphabet produces $297 billion in revenues and is worth almost $1.8 billion. Can you take a stab now at what this other firm is worth?
There is lots of information you need to answer the question so we’ll cut to the chase and share with you that the company in question,
» Read more about: Stock Market Riddle Reveals Big Opportunity »
Read MoreThe Ivy
Pay 54% Less Than Buffett For Iconic Stock
When Warren Buffett first started to snap up shares of Kraft Heinz in 2013 and closed a deal to acquire 26.6% of the firm in 2015, it seemed like a masterstroke from the Oracle of Omaha.
Kraft Heinz (NASDAQ:KHC) had all the elements,
» Read more about: Pay 54% Less Than Buffett For Iconic Stock »
Read MoreThe Spotlight
The Next Trillion Dollar Company?
The economic ups and downs of 2020 put entire industries underwater, but the technology sector thrived. There was instant demand from consumers, educational institutions and businesses of all sizes for cloud-based services, which drove up revenue—and share prices—for companies like Amazon, Netflix, Zoom and Peloton.
Of course, that growth wasn’t limited to US-based companies.