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☆ Shaken but not stirred
▼ + stars: | 2022-10-14 | by ( ) www.reuters.com time to read: +3 min

The trading floor is seen at the end of a trading day at the German stock exchange (Deutsche Boerse) in Frankfurt, Germany, February 12, 2019. REUTERS/Kai Pfaffenbach/A look at the day ahead in European and global markets from Anshuman DagaRed-hot U.S. inflation data briefly rattled global markets before Wall Street made a dramatic recovery on Thursday. U.S. stocks surged to finish more than 2% higher, reversing sharp falls as traders gave excuses of a "technical support" and "short covering". read moreKwarteng confirmed to reporters in Washington that he was flying back to London early, without providing further details. Sources familiar with the matter said he planned to meet with colleagues to work on his medium-term budget plan.

☆ Robo-Adviser Betterment Launches Customized Crypto Portfolios
▼ + stars: | 2022-10-12 | by ( Vicky Ge Huang | ) www.wsj.com time to read: 1 min

Betterment LLC, the largest independent online financial adviser, is launching four thematic crypto investing portfolios for its retail and adviser customers. The product launch, scheduled for Wednesday, is the latest sign of mainstream acceptance of cryptocurrencies despite a $2 trillion wipeout in the crypto market since last November. Bank of New York Mellon Corp., the country’s oldest bank, said Tuesday that it would begin safeguarding clients’ cryptocurrencies.

☆ How the wealthy use life insurance to escape estate tax and why the tactic is now attracting scrutiny
▼ + stars: | 2022-10-12 | by ( Jeffrey Cane | ) www.businessinsider.com time to read: +5 min

I'm Jeffrey Cane, stepping out from behind the 10 Things on Wall Street newsletter curtain to help catch you up on all things financial today. But first: Could I interest you in some life insurance? Yes, life insurance is one answer, but it's life insurance with a twist. This little-known tax tool, which may be coming under increasing scrutiny, is called private placement life insurance, or PPLI. It is effectively a life insurance policy that is owned by an offshore trust.

☆ NY Fed survey finds big drop in expected spending plans
▼ + stars: | 2022-10-11 | by ( Michael S. Derby | ) www.reuters.com time to read: +3 min

The bank said its September Survey of Consumer Expectations survey found that respondents projected their spending will rise by 6% over the next year, a sharp drop from the 7.8% rise predicted in the August survey. The bank noted that decline in spending expectations was the biggest since the survey began in 2013. On the inflation front, households said they were expecting a moderation in near-term price pressure but an increase in price pressures over the longer-run horizon. The survey found that the public sees inflation at 5.4% a year from now, down from 5.7% in August. Fed officials have had some confidence they will be able to get inflation back to their 2% target due to what they see as the relative stability of longer-run inflation expectations.

☆ BNY Mellon to offer crypto services
▼ + stars: | 2022-10-11 | by ( ) www.reuters.com time to read: +1 min

Oct 11 (Reuters) - Bank of New York Mellon Corp (BK.N) is adding cryptocurrencies to assets that it holds as a custody manager, as it looks to attract a diverse set of investors and traders by tapping into the popularity of bitcoins and ethers. Trading in cryptocurrencies has skyrocketed worldwide, drawing many traditional institutions to an asset that was previously shunned by Wall Street due to its wild swings and increased scrutiny. Nasdaq Inc (NDAQ.O) and BlackRock Inc (BLK.N) have already rolled out custody platforms for their clients, as they look to gain foothold in a market dominated by traditional players like Coinbase Inc (COIN.O) and Binance. BNY formed an enterprise Digital Assets Unit in 2021 to develop solutions for digital asset technology, and tapped tapped digital asset technology companies Fireblocks and Chainalysis, it said in a statement on Tuesday. https://on.wsj.com/3T8ysYRRegister now for FREE unlimited access to Reuters.com RegisterReporting by Mehnaz Yasmin and Manya Saini in Bengaluru; Editing by Anil D'SilvaOur Standards: The Thomson Reuters Trust Principles.

☆ N.Y. Fed: Biggest student debt relief favors least well off
▼ + stars: | 2022-09-27 | by ( Michael S. Derby | ) www.reuters.com time to read: +3 min

If implemented, "the reduction in student debt prevalence and balances will create a substantial financial improvement for borrowers." The report noted that some 65% of government student loan borrowers live in neighborhoods with annual median household incomes below $83,000. The White House says the typical undergraduate student graduates with $25,000 in student loan debt, with total federal student loan debt spread among 45 million borrowers standing at $1.6 trillion. Some have worried it will exacerbate already large federal budget deficits, while others think it favors the well off, many of whom hold substantial levels of student debt. Others have also said the plan doesn't address the root cause of rising student loan debt, which is the rapid expansion in the cost of college.

☆ America’s dependence on credit cards is growing. The Fed’s rate hike will make it more painful
▼ + stars: | 2022-09-22 | by ( Martha C. White | ) edition.cnn.com time to read: +7 min

CNN —As prices continue to rise, Americans are becoming increasingly reliant on credit cards to make purchases. “The effect on existing credit card borrowers is probably actually worse,” he said, because of the rate hikes the Fed has undertaken already this year. Credit cards were a big cause of that: In the second quarter, 233 million new credit accounts were opened, the largest increase since 2008. Of the new debt that accumulated during that quarter, $46 billion was credit card debt. Credit bureau TransUnion found that there are more credit cards today, and there is more debt on those cards.

☆ Loans Are Cheaper Than Bonds for Some Highly Rated Companies
▼ + stars: | 2022-09-21 | by ( Nina Trentmann | ) www.wsj.com time to read: +7 min

Some highly rated companies are turning to term loans instead of bonds for their financing needs, taking advantage of cheaper pricing as banks have been slower to adjust to rising interest rates than the credit markets. Highly rated companies raised $998.8 billion in bonds in the U.S. this year through Monday, compared with $177.9 billion in term loans, according to Refinitiv, a data provider. For all of last year, fundraising through bonds amounted to $1.46 trillion versus $236.7 billion for term loans for investment-grade-rated companies. Term loans often have a shorter duration than bonds, with many of them ranging from three to five years. Term loans tend to be secured,” Mr. Holtz said, pointing to the mixture of bonds and term loans that make up the company’s capital structure.

☆ U.S. bank regulators consider new rules for regional banks in times of crisis, Wall Street Journal reports
▼ + stars: | 2022-09-18 | by ( ) www.reuters.com time to read: +1 min

Register now for FREE unlimited access to Reuters.com RegisterPeople walk wearing masks outside The Federal Reserve Bank of New York in New York City, U.S., March 18, 2020. REUTERS/Lucas Jackson/File Photo/File PhotoSept 18 (Reuters) - A group of bank regulators appointed by U.S President Joe Biden is considering new rules which will require big regional banks to add financial cushions that can be used in times of crisis, the Wall Street Journal reported on Sunday. The new steps include the regional banks raising long-term debt that will help absorb losses in cases of insolvency, the WSJ reported adding three people familiar with the matter. The WSJ report comes over a week after U.S. Federal Reserve chief Michael Barr said that there soon may be tougher rules on large regional lenders after a 'holistic' review of bank capital requirements is concluded. read more(This story refiles to make clear WSJ attribution in headline)Register now for FREE unlimited access to Reuters.com RegisterReporting by Rachna Dhanrajani in Bengaluru, Editing by William MacleanOur Standards: The Thomson Reuters Trust Principles.

☆ That's not a real job opening: Some companies are posting 'ghost jobs' but don't actually plan to hire you — or anyone
▼ + stars: | 2022-09-18 | by ( Rebecca Knight | Juliana Kaplan | ) www.businessinsider.com time to read: +9 min

The number of job openings has been sky high over the past year in the red-hot labor market. That could be because some firms are posting "ghost jobs" that they're not actually hiring for. While many employers can't find enough workers, some qualified candidates are applying to open jobs and aren't hearing anything back. Some recruiters say that ghost jobs are on the rise due to the heightened level of uncertainty that's persisted for the past two and a half years. "There are too many jobs posted"Andrew Flowers, a labor economist at Appcast, the recruitment advertising technology company, expressed skepticism that "ghost jobs" are a widespread problem.

☆ Fed up with high gas prices and slow Amazon deliveries? Blame these 2 century-old laws that need to be repealed.
▼ + stars: | 2022-09-13 | by ( Colin Grabow | ) www.businessinsider.com time to read: +12 min

A well-oiled transportation system is vital to keeping the economy humming — especially in a country as large as the United States. Unfortunately, Americans' ability to get resources where they need to go has been crippled by a pair of outdated laws: the Jones Act and the Foreign Dredge Act. As with Jones Act ships, hopper dredges constructed in US shipyards are significantly more expensive than those built abroad. But despite these huge costs, the Jones Act and the Foreign Dredge Act survive largely intact. The Jones Act and the Foreign Dredge Act are just two examples among many, and behind each one lies an entrenched interest group dedicated to its preservation.

A majority of Americans said last month that price increases were causing financial hardship for their households, a Gallup survey released this week found. It includes 12% of respondents who described the hardship as "severe" and 44% who called it "moderate." Upper-income Americans, too, have seen a double-digit increase in financial hardships: up 12 points to 40%. Although the increase in the hardship rate among lower-income Americans was smaller, about three-quarters of that group reported hardships. Reports of financial hardship also differed by political party.

☆ Bank stocks, once a Buffett favorite, take a back seat at Berkshire Hathaway amid recession worries
▼ + stars: | 2022-04-28 | by ( Hugh Son | ) www.cnbc.com time to read: +5 min

In this article BRK.A Follow your favorite stocks CREATE FREE ACCOUNTWarren Buffett, Chairman and CEO of Berkshire Hathaway. David A. Grogan | CNBCWarren Buffett has begun to unleash Berkshire Hathaway 's massive cash stockpile in recent weeks, snapping up an insurer and multi-billion dollar stakes in energy and computer corporations. Like another top Buffett industry — railroads — banks are part of the infrastructure of the country, a nation he continually bets on. (Watch the 2022 Berkshire Hathaway annual shareholders meeting live on Saturday, April 30 at 9:45 a.m. Despite the industry becoming significantly cheaper to own, Buffett reversed many of his wagers, unloading JPMorgan, Goldman and Wells Fargo.

☆ Side hustle and 'polywork' culture is really just a desperate reflection of a low-paying job market
▼ + stars: | 2022-02-14 | by ( Stephen Moore | ) www.businessinsider.com time to read: +6 min

The pandemic has seen a rise in "polywork" — people working multiple jobs or side hustles. One aspect of this future is a rise in people holding multiple jobs. Still, the buzz around polyworking fails to consider that many are not pursuing multiple work opportunities voluntarily. For many, working multiple jobs is a necessity. We have to be aware that it's one thing to want to work multiple jobs — it's another to feel like you have to work them.

Our experts answer readers' student loan questions and write unbiased product reviews (here's how we assess student loans). If you refinance federal student loans, you will be ineligible for COVID-related forbearance. Insider's Featured Student Loan Refinance Companies SoFi Student Loan RefinancingSplash Financial Student Loan RefinancingEarnest Student Loan Refinancing Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. Show more Variable: 5.99% - 9.99%, Fixed: 4.99% - 9.99% Editor's Rating 4.5/5 A five pointed star A five pointed star A five pointed star A five pointed star A five pointed star APR Variable: 4.99% - 10.89% with AutoPay, Fixed: 4.96% - 10.99% with AutoPay Editor's Rating 3.5/5 A five pointed star A five pointed star A five pointed star A five pointed star A five pointed star APR Actual rate and available repayment terms will vary based on your income. You can only refinance federal student loans with a private lender, as the government has no refinancing program.

Persons: —, codifies, Biden’s, Autopay, Biden, You'll Organizations: Service, Loan, US Department of Education, SoFi, AutoPay, Federal Reserve Bank of New Locations: Federal Reserve Bank of New York, Nevada, forbearance

☆ Суд Бельгии поддержал заморозку $542 млн активов Казахстана в деле Стати
▼ + stars: | 2021-07-02 | by ( Mld Media Srl | Степанов Георгий | ) noi.md time to read: +2 min

Бельгийский суд поддержал заморозку $542 миллионов активов Национального фонда Казахстана, сообщают представители молдавских олигархов Анатола и Габриэля Стати. Позднее размеры вклада были уменьшены до $530 млн с учетом вознаграждения, и сейчас оцениваются в $542 млн с учетом начисленных процентов», - сказано в сообщении. Также отмечается, что все активы Казахстана, по которым Стати выдвинули претензии по всему миру, оцениваются в $6,25 млрд. Вместе с тем обслуживающий активы Национального фонда банк-кастодиан Bank of New York Mellon заморозил активы Национального фонда Казахстана на сумму $22 млрд в декабре 2017 года. Минюст Казахстана в апреле 2020 года заявил, что сумму арестованного имущества удалось снизить до $530 млн.

Persons: Анатол, Габриэль Стати, Стати Organizations: Mellon, Bank of New York Mellon, Национальный фонд, Апелляционный суд, Национальный банк, МИА КазТАГ, Нацфонда, Министерство юстиции, Минюст Locations: Казахстан, Брюссель, Республика Казахстан, Бельгия, РК

☆ Inside BlackRock's powerful consulting arm that's made the most influential money manager an advisor to world powers
▼ + stars: | 2021-06-07 | by ( Rebecca Ungarino | ) www.businessinsider.com time to read: +21 min

One of the reporters noted that Powell's public calendar showed calls with Larry Fink, BlackRock's chief executive, in March, April, and May. The exchange was hardly the first time no-bid contracts between the Fed and BlackRock's Financial Markets Advisory unit raised questions. Still, former employees told Insider that FMA has served as a clear source of public-facing clout for BlackRock. "The FMA clients have extended their advisory relationships to be multiyear." A little over a year ago, FMA pulled employees out of BlackRock's office there, three former employees said.

☆ Sen. David Perdue is raising big campaign money with DC lobbyists. He also traded stock shares of several of the companies the lobbyists represent.
▼ + stars: | 2020-12-09 | by ( Dave Levinthal | ) www.businessinsider.com time to read: +8 min

The senator this year has bought or sold these companies' stock shares, according to an Insider analysis of federal records. The senator's stock trades have become a highly politicized issue, with Ossoff and Democratic allies spending millions of dollars on ads highlighting the controversy. Perdue sold hundreds of thousands of dollars worth of these companies' stock shares during 2020, an Insider analysis of Senate stock trade disclosure records indicates. The Perdue campaign and the fundraiser coordinator, Alice Perry of The Elevated Group, did not return several requests for comment. The Ossoff campaign declined to comment.

☆ Guvernul va aloca 454 mii de lei pentru lucrările de demontare a edificiului avariat al Filarmonicii
▼ + stars: | 2020-11-05 | by ( ) www.jurnal.md time to read: +1 min

Astfel din Fondul de Intervenții va fi alocată suma de 454 de mii de lei. Reamintim că edificiul a fost cuprins de flăcări pe 24 septembrie curent. Incendiul ar fi pornit de la acoperișul Filarmonicii Naționale, după care s-a extins pe o suprafață de circa 3500 m2. Ministerul Finanțelor a deschis trei conturi pentru donații destinate reconstrucției Filarmonicii Naționale. Până la momentul actual au fost încasate mijloace bănești în sumă totală de 1.050.695,07 lei, dintre care: 1.049.455,16 lei lei și 62,64 euro.

Persons: Moldovei SWIFT, SWIFT, 060.01.26.226 Organizations: Naționale, Finanțelor, Banca Naţională, Moldovei, Bank, Banca Locations: Republicii Moldova, SUA, New York, NY, Amsterdam, FLORNL2A

Peste un milion de lei s-a adunat pentru reconstrucția Filarmonicii Naționale. Astfel, în conturile deschise de Ministerul Finanțelor pentru donații au fost încasate mijloace bănești în sumă totală de 1.048.795,07 lei, dintre care: 1.047.555,16 lei și 62,64 euro. Pe 25 septembrie 2020, Ministerul Finanțelor a deschis trei conturi pentru donații destinate reconstrucției Filarmonicii Naționale „Serghei Lunchevici”, în lei moldovenești, dolari americani și euro. Amintim că incendiul devastator, care a mistuit edificiul Filarmonicii Naționale, a izbucnit pe 24 septembrie, în jurul orei 12:00. Pentru reportaje video și emisiuni ne găsești pe Youtube , pentru fotografii și stories vino pe Instagram , iar pe Tik Tok îți oferim o doză de amuzament

Persons: Serghei Lunchevici, Moldovei SWIFT, SWIFT, . 060.01.26.226 Organizations: Ministerul Finanțelor, Banca Naţională, Moldovei, Bank, Banca, Naționale Locations: Republicii Moldova, SUA, New York, NY, Amsterdam, FLORNL2A

If you know how to save money in college, you could graduate with a few dollars in your pocket. How to save money in college1. Setting a savings goal for each month or semester will make your savings goal feel attainable. A high-yield savings account is just like a traditional savings account. To save money, you'll have to make moneyThere are plenty of ways to make money in college these days.

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