Can raising interest rates really stop the yen's depreciation and high prices?
Why did the yen depreciate even after an interest rate hike?
Generally, when a country’s interest rates rise, its currency becomes easier to buy. This is because holding assets in a currency with higher interest rates allows for the expectation of higher yields.
Therefore, it is easy to imagine the movement: Bank of Japan raises rates ->
Read MoreSocial Security bill offers blue-collar workers full benefits at 60
A Michigan Democrat’s proposal to lower the retirement age adds a new variable to claiming strategies for clients in manual trades.
A House Democrat wants workers in physically demanding jobs to collect full Social Security retirement benefits at 60, seven years before the current full retirement age.
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Read MoreFour key reasons why Dow Jones fell 350 points, Nasdaq sold off on Wednesday
Benchmark indices on Wall Street witnessed profit booking at higher levels on Wednesday, September 23, as a combination of a rise in bond yields coupled with a rebound in oil prices from lower levels led to a sell-off.
The Dow Jones ended 350 points lower on Wednesday, reversing everything it gained in the previous session.
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Read MoreThe State of the Economy Before the Midterms: Rising Inflation and A.I. Unease
Six weeks before the midterm elections, the cost of living is steadily marching upward.
The price of gas has risen to a national average of $4.47 a gallon, up 41 percent since this time last year. The price of diesel fuel has reached a record high. The Federal Reserve raised interest rates last week for the first time in three years;
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Read MoreThe Proposed Social Security Change That Could Lower Payouts for High Earners
Quick Read
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The ‘Six Figure Limit’ proposal would cap Social Security benefits at $100,000 annually for couples and $50,000 for single retirees.
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The cap would address roughly 20% of Social Security’s funding shortfall but contradicts the program’s earned-benefit structure.
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Broader fixes like raising the wage cap,
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Read MoreThe Burst
I Finally Found an 8% Yielder
Real estate, REITs, dividend stocks, you name it. I’m always looking for new ways to make my money work while I sleep. And one stock I found that’s super interesting for passive income is Main Street Capital (NASDAQ: MAIN).
It has the hallmarks of being one of the best passive income machines I’ve seen,
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Read MoreThe Ivy
Why Bitcoin’s Path to $1 Million May Be More Realistic Than You Think
With a market cap north of $2.2 trillion, more than half the value of every cryptocurrency combined, Bitcoin is a financial phenomenon.
But one of its most outspoken champions, Strategy co-founder Michael Saylor, doesn’t think Bitcoin’s story has even started. In fact, his latest forecast makes today’s price tag look like pocket change.
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Read MoreThe Spotlight
Up 94% Will This Semi Stock Keep Soaring?
Semiconductor and data infrastructure company Marvell Technology (NASDAQ:MRVL) absolutely trounced the market last year by a factor of over 3x, delivering a trailing 12-month return of almost 94%.
While the stock was rising gradually all year, the company’s shares soared in early December and finished the year extremely strong.
Why are Marvell shares rising,
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