Tag Archives: Money

There may be a budding consumer spending slowdown underway at the hands of COVID-19 Delta variant fears, but that isn’t stopping some household name retailers from reinstating the dividends and buyback plans they scrapped at the height of the pandemic.  For some analysts on the Street, the moves make total sense.  “I wouldn’t say that anyone [retailer] returning cash is all of a sudden better off than they were before, but I think they are realizing that they did a good job. They put as much… Source link

NEW YORK, Aug 10 (Reuters) – Google employees based in the same office before the pandemic could see different changes in pay if they switch to working from home permanently, with long commuters hit harder, according to a company pay calculator seen by Reuters. It is an experiment taking place across Silicon Valley, which often sets trends for other large employers. Facebook (FB.O) and Twitter (TWTR.N) also cut pay for remote employees who move to less expensive areas, while smaller companies… Source link

Federal Reserve Chairman Jerome Powell takes his seat to testify before a Senate Banking, Housing and Urban Affairs Committee hearing on “The Semiannual Monetary Policy Report to the Congress” on Capitol Hill in Washington, U.S., July 15, 2021. REUTERS/Kevin Lamarque The writer is former Chair of the FDIC and former Assistant Secretary of the U.S. Treasury for Financial Institutions. More and more informed observers are asking why, after 13+ years of the Federal Reserve’s increasingly… Source link

One of the most widely used charts for predicting massive future bitcoin price gains is showing the largest divergence since January 2019.  The bitcoin stock-to-flow model currently suggests that the price of bitcoin should be around $77,900. But as of Monday, the cryptocurrency was trading at $33,668, well off the all-time high price of $64,829 reached in April.  Crypto analyst ‘PlanB’, who has been documenting his stock-to-flow model since March 2019, tweeted that BTC/USD is now the… Source link

Chip Somodevilla / Getty Images It’s easy to roll our eyes at outlandish spending from billionaires – say, buying NFTs or yachts – but their spending is good for the overall economy. Their savings, however, are not so good, according to new findings published in the Chicago Booth Review, which reports that the 1% has “buried” the middle class in debt with their saving habits. See: The Hype Around NFTs: What Are They? And How Pricey Do They Get?Find: These 15 Billionaires Got Richer… Source link

Less than two hours before Apple’s big Worldwide Developers Conference, Facebook CEO Mark Zuckerberg announced that the company would be launching a new interface for creators that shows how different fees affect their earnings on the platform. The announcement comes as Apple is under intense scrutiny for its App Store fees. Here’s a preview of what the new interface will look like. This example breaks down exactly how taxes and fees are taken away from a creator’s event revenue:

Enlarge / The Google Photos storage management tool. Google Google Photos would like some of your money. The service is turning six years old and will kick off its quest for monetization next week, when Google will start getting more restrictive about photo storage limits. The goal is to push users over the 15GB free limit that comes with every Google account so they’ll buy more storage via the “Google One” program. Google Photos launched with… Source link

TipRanks Goldman Sachs Predicts Over 50% Rally for These 3 Stocks Take a good look at the headlines, and you’ll be excused for thinking that we’re back in 1979. The late Carter years are remembered as the time of ‘stagflation:’ high inflation, high unemployment, fuel shortages, and a general malaise. So far, we’ve seen fuel shortages and gas station lines across the Southeast, rising commodity and housing prices, and unemployment ticking up even as the number of job openings… Source link

The Google logo is seen January 8, 2020 at the 2020 Consumer Electronics Show (CES) in Las Vegas, Nevada. ROBYN BECK /AFP Alphabet’s market capitalization of over $1.5 trillion makes it one of the most valuable publicly traded companies in the world, trailing only Apple, Microsoft and Amazon. Created in 2015, Alphabet is essentially a holding company for Google, which generates nearly all of its revenue and profit. Google has always portrayed itself as a tech company and has invested in many… Source link

Billionaire bond investor Jeffrey Gundlach called Bitcoin and cryptocurrencies are the “poster child” for speculation in a market with frothy valuations. The increasingly hot sector has had a rough couple of days, after Elon Musk sent Bitcoin (BTC) reeling on Wednesday. In a surprise move, the billionaire founder of Tesla (TSLA) said the company would stop accepting the digital currency for car purchases, touching off a new bout of volatility in crypto. According to Gundlach, the founder and… Source link