Tag: Economy

Part of the interest from I bonds is tied to the Consumer Price Index. NoDerog from Getty Images Signature; Canva ContentsWhat Are I Bonds in Simple Terms?How Do I Bonds Work?How Much Is an I Bond Worth?I Bond Interest Rate ExampleWhat Is the Calendar for I Bond Rate Changes?How Are I Bonds Similar to TIPS?…

© Reuters. FILE PHOTO: The Czech National Bank is seen in central Prague, Czech Republic, August 3, 2017. REUTERS/David W Cerny By Jan Lopatka and Robert Muller PRAGUE (Reuters) -The Czech central bank raised its main interest rate by a larger-than-expected 75 basis points on Thursday to 5.75%, the highest since 1999, as inflation soared…

Th garnishment orders conducted by Bank of America  (BAC) – Get Bank of America Corp Report against customer accounts were illegal and the retail bank is required to pay a $10 million fine to the Consumer Financial Protection Bureau (CFPB). The enforcement action from the CFPB occurred because the retail bank processed out-of-state garnishment orders against its customers’…

© Reuters. FILE PHOTO: People walk in Lujiazui financial district during sunset in Pudong, Shanghai, China July 13, 2021. Picture taken July 13, 2021. REUTERS/Aly Song By Selena Li and Anshuman Daga HONG KONG/SINGAPORE (Reuters) -Wealth managers at the big global banks are tempering their expectations for Asia, their fastest growing market, after China’s regulatory…

Berkshire Hathaway ( (BRK.A) – Get Berkshire Hathaway Inc. Class A Report), run by billionaire Warren Buffet, suffered a loss during the first quarter as the economy weakened due to the ongoing global pandemic, supply chain bottlenecks and high inflation rates. The company reported on Saturday net earnings at $5.46 billion, which plummeted by 53%…

The crypto market has not been at its best since the year.  Volatility has never been so high. After months of falling coin prices starting with bitcoin, the king of crypto, a slight rebound followed.  But since then the prices of digital currencies have been zigzagging, unable to exceed certain symbolic thresholds. Bitcoin, for example,…

© Reuters. FILE PHOTO: People wearing face masks walk past a street amid snowfall, following the coronavirus disease (COVID-19) outbreak, at a shopping area in Beijing, China March 17, 2022. REUTERS/Tingshu Wang By Kevin Yao and Julie Zhu BEIJING/HONG KONG (Reuters) -China signalled an easing of its crackdown on the once-freewheeling tech sector on Friday…

© Reuters. FILE PHOTO: U.S. Treasury Secretary Janet Yellen testifies before a House Financial Services Committee hearing on “the State of the International Financial System, on Capitol Hill in Washington, U.S., April 6, 2022. REUTERS/Tom Brenner/File Photo By Andrea Shalal WASHINGTON (Reuters) – U.S. Treasury Secretary Janet Yellen urged the World Bank and other multilateral…

© Reuters. FILE PHOTO: The flags of the United States and the United Kingdom stand after bi-lateral photo between U.S. Secretary of State Rex Tillerson and British Foreign Minister Boris Johnson was cancelled at the State Department in Washington, U.S. March 22, 201 By Huw Jones LONDON (Reuters) -Britain should move further and faster in…

Elon Musk has been everywhere for several weeks.  The billionaire is set to acquire Twitter  (TWTR) – Get Twitter, Inc. Report, its primary communications network for which he made a $44 billion bid on April 14.  This offer, at a price of $54.20 per Twitter share, was accepted by the board of directors of the social…