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Policymakers agreed that markets were tense now so there was no sense in testing investors with a premature reinvestment plan. Policy hawks, normally advocates of tighter policy, also appeared to be on board with this plan, the sources said, as they are prioritising rate hikes and saw the balance sheet question as a secondary issue. Some fear that if a reduction in the balance sheet started soon, that would serve as an argument for a slowdown in rate hikes. The sources added that the discussion did not impact the ECB's 1.7 trillion euro Pandemic Emergency Purchase Programme. Reinvestments in this programme are set to run through 2024 and policymakers are not keen at all to make a change.

☆ Jeremy Grantham and 4 money managers share their top strategies for navigating a bear market in stocks
▼ + stars: | 2022-09-28 | by ( William Edwards | ) www.businessinsider.com time to read: +6 min

Below we've compiled views from 5 money managers on how to navigate bear market environments. When the going gets tough in financial markets, it can be difficult to know what to do with your money. To help navigate the current environment, we've compiled views from money managers on the best ways to approach investing in bear markets. Jeremy Grantham, founder of GMOJeremy Grantham is no stranger to bear markets — he called the 2000 and 2008 sell-offs, as well as the current one. Essele's top tip for navigating bear markets, however, is a more simple one: "Buy a lot of brown liquor."

☆ Special interest groups representing Amazon to Uber oppose possible crypto regulation in California
▼ + stars: | 2022-09-23 | by ( Caroline Haskins | ) www.businessinsider.com time to read: +8 min

Industry groups representing Amazon, Apple, Block, Coinbase, Genesis, Google, GrubHub, Lyft, Facebook/Meta, Uber, and other companies wrote to the state assembly opposing the law. Nine organizations representing consumers and advocating for economic justice wrote to the state assembly expressing support for the law. Several tech industry groups representing major companies and venture capital firms wrote in to oppose the law. Several organizations advocating for consumers and economic justice wrote to the state assembly expressing support for the law. Interest groups argued that regulation presents an "undue burden"on crypto companiesBlockchain Advocacy CoalitionThe Blockchain Advocacy Coalition wrote to Assemblymember Grayson on August 26.

☆ As Treasury yields spike, short-duration ETFs are beating the market and raking in cash
▼ + stars: | 2022-09-18 | by ( Jesse Pound | ) www.cnbc.com time to read: +4 min

The JPMorgan Ultra-Short Income ETF ha s pulled in more than $3.5 billion of new money this year. AllianceBernstein launched its first ETFs last Wednesday, including the AB Ultra Short Income ETF , a fund that invests in debt with less than one year to maturity. An inverted yield curve refers to short-term yields that are higher than longer-dated yields. The combination of quickly rising interest rates and an inverted yield curve creates a couple of benefits for short-duration funds. AllianceBernstein's municipal ETF has a management fee of 0.27%, while the fee on the ultra short income fund stands at 0.25%.

Today, there are 56 Hispanic American banks and credit unions that are FDIC or NCUA insured around the US. We selected Hispanic American-owned credit unions from the National Credit Union Administration's list of minority depository institutions which was also updated on June 30, 2022. In our list of Hispanic American-owned banks and credit unions, many of the institutions listed offer customer support in Spanish and English. You can open up savings accounts, checking accounts, CDs, and money market accounts in most of the institutions listed. To help you learn more about a specific Hispanic American-owned bank or credit union, we've included links to reviews of individual institutions.

☆ A powerful Oregon senator revealed a path forward for a long-awaited cannabis banking bill
▼ + stars: | 2022-09-08 | by ( Jeremy Berke | ) www.businessinsider.com time to read: +3 min

Oregon Sen. Jeff Merkley is bullish on the prospects for a cannabis banking bill ahead of the midterms. Previous versions of the bill, the SAFE Banking Act, have failed to pass Congress seven times. The bill would allow federally-chartered banks to work with cannabis companies, but wouldn't legalize cannabis federally. Merkley said that in the past, Democrats have opposed passing SAFE Banking because it didn't include those reforms. "So folks that should have been allies for SAFE Banking have been opposed in the past," Merkley said.

When it comes to managing your money and planning to reach long-term financial goals, understanding the language is key. This glossary of terms focused on money management, saving, investing, retirement planning, loans, and other areas of personal finance can help you decipher the jargon you're likely to encounter along the way. Conforming mortgage: A mortgage that meets the requirements to be purchased by Fannie Mae or Freddie Mac. JJumbo loan: A mortgage that exceeds the borrowing limit for regular mortgages set by the Federal Housing Finance Agency. USDA mortgage: A mortgage offered by a private bank or lender that's guaranteed by the Department of Agriculture.

Unlike VA loans, however, only borrowers who earn no more than 115% of the area median income are eligible for USDA loans. Yes — click here for detailsBest USDA lendersHere are some of our top choices for USDA loans in a variety of categories. Types of loans Conventional loans, construction loans, FHA loans, VA loans, USDA loans and Jumbo loansTerms 15-year to 30-yearCredit needed Some loans require a 620 credit score, some require a 540 credit score or no credit score at all. Yes, anyone can assume a VA loan, whether they are eligible for a VA loan or not. You can refinance a USDA loan using the USDA Streamline Refinance program.

Persons: Chase Bank Chase, Chase, you've Organizations: Department of Veteran Affairs, U.S . Department of Agriculture, USDA, Department of Agriculture, Veterans Administration, National Guard, Reserve, Veterans United, US, Navy Federal Credit Union Navy Federal Credit, Federal Credit, Chase Bank, Chase, Jumbo, Mortgage, PNC Bank, PMI, Community Loan, Flagstar Bank Flagstar Bank, Agriculture, CNBC, CNBC Select's, Facebook, Twitter Locations: ., U.S

There are three common metrics to evaluate dividend stocks: Dividend yield, dividend payout ratio, and dividend payout growth. Three important metrics can help you choose the best dividend stocks for your portfolio: dividend yield, dividend payout growth rate, and dividend payout ratio. Dividend payout growthThe dividend payout growth, also known as dividend growth rate (DGR), is the average percentage rate of growth a stock's dividend has experienced over a specific period (usually three, five, or 10 years). Dividend payout ratioFinally, look at the dividend payout ratio, or the percentage of a company's earnings or free cash flow used to cover dividend payments. Dividend yield vs. dividend growth rateA high dividend yield may signal a company that's not destined for a lot of growth.

☆ Here are the 3 House Republicans who voted to legalize marijuana, and the 2 Democrats who voted against it
▼ + stars: | 2022-04-01 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +4 min

Just 3 Republicans voted for the bill, and 2 Democrats voted against it. Three Republicans voted for it, while two Democrats voted against it. A similar version of the bill passed the House in December 2020, when five Republicans supported it and six Democrats did not. And despite the passage of the House bill on Friday, proponents of federal cannabis legalization may have to wait. Here are the Republicans that voted to legalize cannabis:Rep. Matt Gaetz of FloridaRep. Brian Mast of FloridaRep. Tom McClintock of CaliforniaAnd here are the Democrats that voted against legalizing it:

The House of Representatives on Friday voted for the second time on a bill to decriminalize cannabis. US lawmakers just voted for the second time to federally decriminalize cannabis. Among the Republicans who voted for the bill were Florida Rep. Matt Gaetz, California Rep. Tom McClintock, and Florida Rep. Brian Mast. Two Democrats voted against the bill: Rep. Chris Pappas of New Hampshire, and Rep. Henry Cuellar of Texas. It was updated on April 1, 2022 when the House of Representatives voted to pass the MORE Act a second time.

Low APY Dash icon A dash. Low APY Dash icon A dash. Low APY Dash icon A dash. $5 maintenance fee per quarter if you don't have at least $5 in your account Dash icon A dash. Need a minimum of $25 in account daily to keep membership open Dash icon A dash.

☆ Congressional stock report: Diet Coke-loving Debbie Dingell buys the competition, environmentalist Lois Frankel eyes oil, and Dan Crenshaw gets his move on
▼ + stars: | 2021-03-29 | by ( Dave Levinthal | ) www.businessinsider.com time to read: +6 min

Members of Congress regularly make stock trades and are required to disclose them. Here's Insider's compilation of the most recent stock trades lawmakers disclosed. Her stock sales include the American Express Company, Booz Allen Hamilton Holding Corporation, consumer credit reporting agency Equifax Inc., and oil company Hess Corporation. Dingell this month also sold up to $50,000 worth of stock in the parent company of department store Macy's. These disclosures, which include a range of information about members' income, assets, debt, and financial trades, were originally due May 17.

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