Economy

M.argaret Thatcher tried to convert Britain from a nation of merchants to a nation of shareholders. Mandatory retirement and low rates – until recently – on traditional bank deposits have converted most Australians into accidental investors. Since the 1980s, pension arrangements have shifted from defined benefits (an inflation-linked pension based on the last salary, paid … Read more

A series of inflation reports coming out this week could push or disrupt the market’s summer momentum. Investors will receive the latest indicator of how fast prices are rising in the US economy from three versions available in the coming days: PPI, CPI, and unit labor cost. The readings are expected to affect how Federal … Read more

Life hasn’t been easy for reinsurers in recent years. Claims for natural disasters and pandemic-related losses wiped out much of their profits. But the latest round of global problems – war in Ukraine, runaway inflation, and ever-increasing risks of climate change – spurred them to action. In some areas they are raising the price of … Read more

Find out what FoxBusiness.com is clicking. Karen Raschke, a retired attorney in New York, began getting groceries delivered at the start of the pandemic. Each delivery cost $ 30 in tax and tips, but the shop was worth it. Then earlier this spring, Raschke learned that his rent was increasing by $ 617 per month. … Read more

Comment on this story Comment Senate Democrats worked on Sunday to quell a series of last-minute skirmishes that slowed the passage of a sprawling package aimed at lowering healthcare costs, raising corporate taxes, reducing the federal budget deficit and injecting a historic explosion. of money in efforts to combat climate change. After more than 17 … Read more

Isabel da Costa, director of a restaurant in São Paulo, is in conflict over the state of the Brazilian economy. On the one hand, she says she sees a strong rebound from the coronavirus pandemic, with new bars and businesses popping up across the city. On the other hand, he says, soaring inflation levels have … Read more

Key takeaway Chainlink is Oracle’s best decentralized cryptocurrency network, known for providing pricing data to power DeFi applications. The network is planning to launch a token staking and node delegation system. The updates could help make Chainlink more secure and decentralized, potentially sparking renewed interest in the project. Share this article Plans to grow Chainlink’s … Read more

Fifteen years ago this week, French bank BNP Paribas announced the closure of three of its hedge funds heavily exposed to the US subprime mortgage market. The day little attention was paid to the news, it quickly became apparent that not only BNP Paribas, but nearly all large financial institutions were up to their necks … Read more