Economy Latest Updates

At a time when many people are vilifying Musk and his takeover of Twitter, crypto’s richest entrepreneurs are publicly backing the controversial billionaire. Their interests are both ideological and financial.

Source: Forbes.com

Upcoming data is expected to inform whether the Fed makes a 0.5 or 0.75 percentage point move up in rates at its December meeting.

Source: Forbes.com

The Egyptian economy has been struggling for years. Recently, the IMF and the Egyptian government struck a new deal to improve stability, and this time, there is a fully rounded strategy attached to the funds. Here are the details you need to know.

Source: Forbes.com

Open banking is either the most over-hyped trend in Asia, or the most under-estimated. In either case, banks will need to be able to have the core-system agility to be able to deal with a whole new paradigm.

Source: Forbes.com

What does the Amazon Venmo deal mean for PayPal? We look at how Amazon payments can boost PayPal revenue, and what it all means for investors.

Source: Forbes.com

The midterm elections on Tuesday typically provide a positive catalyst for stocks over the next year. With this earnings season winding down, actual earnings are likely to remain below estimates at the end of the quarter. The CPI report will provide another data point to adjust Fed expectations.

Source: Forbes.com

Jerome Powell is fighting for the Fed's credibility to beat back inflation. But monetary policy doesn't happen in a vacuum and the 2024 election is fast approaching.

Source: Forbes.com

The Federal Reserve is doing its part to stifle inflation by crimping demand, but policy changes that encourage supply will help subdue inflation just as effectively, and with a lot less pain.

Source: Forbes.com

Both concern the Fed's desired outcomes and the capital (money) market's role in setting interest rates

Source: Forbes.com

Berkshire Hathaway posted a quarterly loss of almost $2.7 billion versus a profit in 2021. Operating earnings, which remove the distortion from market changes, rose by 20%. Management warned that some businesses are beginning to see the negative impact from slower economic growth.

Source: Forbes.com

Key Republicans say they will cut Social Security and Medicare if their party gains power. Some Republicans are considering raising the full retirement age to age 70.

Source: Forbes.com

The big news today was that payrolls increased by +261K. This caused markets to rally. Interest rates moved up because the headline +261K may cause the Fed to be even more hawkish. Nevertheless, beneath the veneer, this was a very weak employment report

Source: Forbes.com

Tuesday's mid-terms may see some gains fro the Republicans but will likely embolden Donald Trump and further divide American politics.

Source: Forbes.com

The scam involve swindlers posing as representatives of the Consumer Financial Protection Bureau (CFPB), a legitimate agency that protects consumers.

Source: Forbes.com

Amongst the doom and gloom in many media outlets over rising US-China tensions and the results of China's 20th Party Congress, the US and China have a robust trading relationship which is not going to disappear nor decouple overnight.

Source: Forbes.com

Today’s market is ideal for us to grab stock-focused closed-end funds (CEFs) paying outsized 10%+ dividends.

Source: Forbes.com

Elon Musk’s Twitter deal finally closed. He celebrated with a sink. Here’s what you need to know.

Source: Forbes.com

The taxpayer properly elects deferral by making an election on or before the due date (including extensions) for filing the tax return for the year in which the QSBS is sold.

Source: Forbes.com

Tech stocks have been in favor for years now. But they are just as susceptible to a bad market as other securities, maybe more. Here is a roundup of the latest tech earnings reported, and what investors need to know as they adjust their portfolios for the rough road ahead.

Source: Forbes.com

HPE Hewlett Packard Enterprise offers enterprise security, analytics and data management services to businesses worldwide CEO Antonio Neri noted earlier this year at the firm’s partner and end-user event in Las Vegas that the company continues to see resilient demand from enterprise customers and...

Source: Forbes.com

A single justice of the U.S. Supreme Court has denied another request to block Biden’s student loan forgiveness plan. Here's what it means for borrowers.

Source: Forbes.com

During Covid-19, I adopted a beautiful German Shepherd named Anya who happily greets me everyday at the door after work.

Source: Forbes.com

The amounts exempt from federal estate and gift taxes are adjusted for inflation each year. The IRS has come out with the exemption amounts for 2023.

Source: Forbes.com

In traditional private equity, business owners may feel limited to traditional passive growth and control buyout transactions. However, there are hybrid investment alternatives worth exploration.

Source: Forbes.com

Over the last two weeks, China has poured billions into Mexico. Its corporate brands are surpassing US ones in Colombia and Brazil.

Source: Forbes.com

We walk you through projecting your target retirement income, Social Security, the savings you need to retire, and how to reach that goal.

Source: Forbes.com

Dividend income is taxable, but the tax rate is determined by a handful of factors. Here are important details.

Source: Forbes.com

Borrowers should start taking steps now to maximize their student loan forgiveness opportunities and prepare for repayment in January.

Source: Forbes.com

Since March 2022 U.S. unemployment has been broadly flat. Now there's a real risk U.S. unemployment could get worse, signaling a recession could be close.

Source: Forbes.com

During COVID, I adopted a beautiful German Shepard named Anya who happily greets me everyday at the door after work.

Source: Forbes.com

Cutting back marketing and related technology budgets was a leading cause of handwringing among recession-spooked execs at a recent fashion industry event I attended in New York. The question wasn’t whether a recession is imminent but how deep it might be.

Source: Forbes.com

Robert Goulder of Tax Notes and professor David Kamin of the New York University School of Law discuss the purpose and political importance of book minimum taxes, particularly the global anti-base-erosion agreement.

Source: Forbes.com

The president’s recent comments on Social Security, the deficit and economic growth claim credit where it is not always due.

Source: Nytimes.com

Lower bonds prices are likely.

Source: Forbes.com

Participation in early and mail-in voting—as well as its rejection by parts of the Republican Party—reached new heights in 2020. But the rise of early voting had started even before the pandemic made casting a ballot via mail, by using a drop box or by showing up early the more popular option.

Source: Forbes.com

Daily Dividend Report: Snap-On, Capital One Financial, Hershey, UnitedHealth Group, Dominion Energy

Source: Forbes.com

With falling expectations for the busiest shopping season of the year, we could be in for a significant slowdown in retail hiring.

Source: Forbes.com

Some owners of pass-through businesses will be able to contribute as much as $73,500 to their tax-advantaged retirement savings accounts.

Source: Forbes.com

SNAP shares plummeted after announcing third quarter earnings and warning for continued weakness into the fourth quarter. Here's what investors need to know.

Source: Forbes.com

The Federal Reserve hiked interest rates for the sixth time this year on Wednesday. Here's what it means for investors.

Source: Forbes.com