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High School Teams Crowned Best in America in CEE’s Nationwide Personal Finance Competition
NEW YORK, June 06, 2023--Top high school teams in America named in Council for Economic Education's National Personal Finance Challenge.
Yahoo Finance UK
Shrinkflation and stagflation: What are they and how could they affect your finances
Shrinkflation is the economic term for manufacturers reducing the size, quantity or weight of their products without decreasing prices.
Yahoo Finance UK
Gardening and fashion prop up UK retail amid inflation worries
Total retail sales increased by 3.9% last month, against a decline of 1.1% in May 2022, according to new data from the British Retail Consortium.
The Telegraph
Investors race to withdraw deposits from Binance amid 'web of deception' claims - latest updates
Investors have pulled around $780m (£628.4m) from crypto exchange Binance in the last 24 hours, data company Nansen has said, as US regulators accused the trading platform and its founder of a “web of deception”.
Financial Times
Best of Money Clinic: Investment Masterclass — Stuart Kirk has ‘skin in the game’
This is an audio transcript of the Money Clinic podcast episode: ‘Best of Money Clinic — Investment Masterclass: Stuart Kirk has ‘skin in the game’’Claer BarrettHi, it’s Claer here. The FT has given me some time off for good behaviour.
Financial Times
The Starmer Project: Labour’s surprisingly bold economic agenda
For all its orthodox rhetoric, the party’s plans for an interventionist industrial policy would represent a striking shift
Investing.com
Australian dollar rallies as RBA raises interest rates again
Investing.com-- The Australian dollar surged 0.7% on Tuesday following the Reserve Bank of Australia's (RBA) decision to increase interest rates by 25 basis points (bps) to 4.10% on Tuesday, surpassing market expectations. This move marks the second rate hike after a brief pause in April, driving interest rates above 4% for the first time in nearly 12 years.
Investing.com
RBA hikes rates by 25 basis points as inflation remains too high
Investing.com -- The Reserve Bank of Australia raised interest rates on Tuesday, warning that inflation still remained too high in the country and that more policy tightening may still be in order this year.
Investing.com
Asia FX edges higher as dollar dips; Aussie muted ahead of RBA
Investing.com -- Most Asian currencies rose slightly on Tuesday, taking some relief from a weaker dollar after U.S. service sector data disappointed for May, while the Australian dollar crept lower amid uncertainty over a Reserve Bank interest rate decision.
Yahoo Finance
Recession talk rages on despite robust jobs market
It seems as though we’ve been talking about a recession for about three years now.
Financial Times
Keeping an eye on AI
British Airways, Boots and the BBC confirmed they had been hit by a “cyber security incident” affecting their payroll provider, which is also likely to have attacked scores of British companies including some of the country’s best-known names. The European Space Agency outlined a plan to send astronauts to the moon on a homegrown rocket within a decade. US banks are preparing for losses in the teetering commercial property estate market which could be “the next shoe to drop” after the recent turmoil among regional banks.
Yahoo Finance
The earnings recession is coming, and stocks aren't ready for it: Morgan Stanley
Despite a recent surge in stocks, Morgan Stanley sees an earnings recession on the horizon in 2023.
Yahoo Finance
Hollywood directors reach deal with studios as writers strike enters sixth week
The Directors Guild of America reached a tentative agreement with the Alliance of Motion Picture and Television Producers as the writers' strike enters its sixth week.
Zacks
JPMorgan (JPM) Expects Economic Slowdown to Weigh on Loan Demand
JPMorgan's (JPM) president, Daniel Pinto, believes that loan demand is declining, and the firm's IB and markets revenues will be down 15% in the first half of 2023.
Motley Fool
1 Artificial Intelligence (AI) Growth Stock Down 66% to Buy Now and Hold Forever
The future looks bright for this fallen e-commerce stock that is expanding its arsenal of artificial intelligence (AI) tools.
Financial Times
Where have all the Democrats gone?
Back in 2002, the pair published The Emerging Democratic Majority, a work that basically created the “demographics is destiny” concept. A lot of people took the idea as a fait accompli — but clearly hadn’t read the book, which actually held that a growing Democratic coalition of younger people, urban professionals, minorities and single working women could only be a winning base if Democrats could also keep working class whites under the same banner. The two authors are now back to dissect why the Democratic coalition — which came together during the New Deal — worked so well for such a long time, why it ultimately fell apart, and what Democrats must do to rebuild a winning coalition as the party of working people.
Yahoo Finance
5 stock market trends to watch this summer: Morning Brief
It's time to call out some trends to watch in the stock market before hitting the surf and sand.
Investing.com
U.S. stocks are mixed as investors look to Fed's rate meeting
U.S. stocks are mixed as investors look toward next week’s meeting of the Federal Reserve. At 11:34 ET (14:19 GMT), the Dow Jones Industrial Average was down 93 points or 0.3%, while the S&P 500 was up 0.3% and the NASDAQ Composite was up 0.6%. Investors are trying to assess the chances of the Fed raising interest rates again next week after raising them at consecutive meetings since last spring.
Motley Fool
3 Stocks to Avoid This Week
Altria always seems to be on the losing side of settlements when its patrons suffer. Just last month, Altria reached a settlement in which it will pay $235 million to resolve at least 6,000 Juul-related cases.
Investing.com
Asos shares surge on reports of takeover bid from Alibaba-backed Turkish rival
Investing.com -- Shares in Asos PLC (LON:ASOS) surged by almost 10% on Monday after the fast fashion retailer reportedly received a bid from Turkish rival Trendyol late last year.
Investing.com
Saudi output cut plans, Apple unveils new hardware - what's moving markets
Investing.com -- Saudi Arabia vows to slash oil production from next month, while U.S. President Joe Biden signs into a law a bill that lifts the country's debt ceiling and averts a possibly catastrophic default. Elsewhere, Apple gears up to reveal a long-awaited "mixed reality" headset.
Investing.com
China services PMI grows in May on reopening boost - Caixin
Investing.com -- Growth in China’s services sector sped up in May, a private survey showed on Monday, as the relaxing of anti-COVID measures continued to push up consumer demand and boost employment in the services industry.
Yahoo Finance
The signals from one month of economic data aren't that reliable
Economic data does not move in smooth, straight lines. And history says the signal from one month’s move is just not reliable.
Motley Fool
The 5 Best Small Business Grants in Texas
Grants can be a lifeline for small businesses, as it isn't easy to access capital in the current economy. Learn about the grants to have on your radar in Texas.
Motley Fool
U.S. Money Supply Hasn't Done This Since the Great Depression, and It Implies Something Big for Stocks
Wall Street can look vastly different depending on your investment timeline. When examined over multiple decades, we see that stock market corrections are commonplace, but the uptrend in the Dow Jones Industrial Average (DJINDICES: ^DJI), S&P 500 (SNPINDEX: ^GSPC), and Nasdaq Composite (NASDAQINDEX: ^IXIC) is well-defined. Over shorter periods, directional movements on Wall Street become far less predictable, as evidenced by the three major U.S. stock indexes plunging into a bear market in 2022.