Category: Business & Markets

The Secrets of Successful Financial Planning: Inside Tips From an Expert (Part 5.1)

July 24, 2023
BrightbudgetingBusiness & Marketsfinancial planningfinancial strategiesFuture Planningpersonal finance
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For the sake of liquidity (tax-favored accounts tend to be subject to tax penalties), you will want at least one tax-exposed account. Examples include money for a major business (buy out the boss), or personal outlay (second home), or a Tier 3 cash reserve. But let’s say that you need an equities component to enhance…

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San Francisco ‘Nowhere Near What It Used to Be’: Risk Consultant

July 24, 2023
Business & MarketseconomyEpochTVhomelessnessNTD Businessremote workSan Fransisco
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San Francisco’s empty office spaces and fleeing businesses are impacting the city’s economic health. Office workers going remote have reduced the city’s tax revenue by almost half a billion dollars. NTD speaks to a risk consultant to find out some potential challenges the city is facing, and what the causes are. …

Wall Street Rises Ahead of Megacap Growth Results, Fed Decision

July 24, 2023
Business & MarketsCompanieseconomic policieseconomyMarketsstocksUS
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Wall Street’s main indexes crept higher at the open on Monday as investors braced for earnings from megacap growth and technology companies, while focusing on a rate decision from the Federal Reserve later this week. The Dow Jones Industrial Average rose 3.10 points, or 0.01 percent, at the open to 35,230.79. The S&P 500 opened…

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Trump’s Trade Chief Lays Out Plan to Beat China at Its Own Game

July 24, 2023
Business & MarketsChinaChina Newseconomic policiesFinance & Business TiesPolicies & ImpactsSpecial TopicstariffstradeUSUS-China relations
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Former U.S. trade representative Ambassador Robert Lighthizer views the decades of U.S. trade deficit with China as a “wealth transfer.” In his recent interview with EpochTV’s “American Thought Leaders” program, he outlined a playbook to beat China at its own game through strategic decoupling, very much the same thing China has been doing to the…

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Euro Drops After Weak Business Activity Data, Central Banks in Focus

July 24, 2023
Business & Marketseconomic policieseconomyForexglobalinflationMarketsstocks
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SYDNEY/LONDON—The euro slid on Monday after activity data in key economies came in much softer than expected, giving markets a jolt at the start of a week packed with central bank meetings at which investors expect rate hikes in Europe and the United States. The European common currency fell 0.4 percent to $1.1083, skidding after…

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Oil Prices Steady as Rate Hikes Expected, Supply Tight

July 24, 2023
Business & Marketseconomic policieseconomyenergyglobalGold and CommoditiesMarketsOilstocks
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LONDON—Oil prices were steady on Monday as traders expected more rate hikes from U.S. and European central banks, but tightening supply and hopes for Chinese stimulus underpinned Brent at well above $80 a barrel. Brent crude futures rose 4 cents, to $81.11 a barrel by 0644 GMT. U.S. West Texas Intermediate (WTI) crude was at…

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Huge Stakes in Court Battle for Hancock Mining Spoils

July 24, 2023
AustraliaBusiness & MarketsCompaniesGina RinehartWorld
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A court battle over billions in iron ore riches is underway, as Australia’s richest person Gina Rinehart defends her fortune amid a bitter legal dispute over her father’s legacy. Ms. Rinehart’s two eldest children and former business partners of her late father, mining pioneer Lang Hancock, are fighting for multibillion-dollar stakes in a lucrative iron…

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Weak PMIs, Spain Election Uncertainty Dent Sentiment

July 24, 2023
Business & MarketsCompanieseconomic policieseconomyenergyglobalGold and CommoditiesinflationMarketsrecessionstocks
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London—World stocks slipped on Monday, with weak business activity data and an inconclusive election result in Spain weighing on sentiment in Europe ahead of a central bank-packed week for markets. German business activity contracted in July, increasing the likelihood of a recession in the second half of the year, the German Flash Composite Purchasing Managers’…

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Many Americans Lack Basic Knowledge About Home Ownership: Survey

July 24, 2023
Business & MarketsHomeownerhomesInvestmentreal estateUSUS NewsUS Real Estate
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Many Americans lack knowledge of basic concepts about home ownership, including misconceptions about mortgage terms and knowledge about home buying, maintenance, and renovation, as well as home building, a new study has revealed. The study was conducted in May by Lombardo Homes, a Midwest home builder specializing in new construction in Michigan and Missouri, which surveyed…

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