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By Debjit Chakraborty and PR Sanjai Russia's invasion of Ukraine has opened arbitrage opportunities so enticing that Rel...
08/05/2022

By Debjit Chakraborty and PR Sanjai Russia's invasion of Ukraine has opened arbitrage opportunities so enticing that Reliance Industries Ltd. deferred maintenance work at the world's biggest oil refining complex to churn out more diesel and naphtha after prices surged. The refiner, owned by Indian billionaire Mukesh Ambani, is buying discounted cargoes of crude after self-sanctions on Russian fuels by some European Union companies pushed up margins on some oil products to three-year highs....

https://indoxylseo.com/2022/05/08/mukesh-ambanis-refinery-makes-millions-from-war-windfall/

By Debjit Chakraborty and PR Sanjai

(Stefon Walters) There's no such thing as a perfect investor. Even the most seasoned investing experts make bad investme...
08/05/2022

(Stefon Walters) There's no such thing as a perfect investor. Even the most seasoned investing experts make bad investments every now and then. However, good investors understand that some fundamental mistakes can (and should) be avoided to make you a better investor. Here are five painfully common investing mistakes to avoid. Image source: Getty Images 1. Underestimating the power of compounding…...

https://indoxylseo.com/2022/05/08/5-painfully-common-investing-mistakes-to-avoid-right-now-smart-change-personal-finance-2/

There's no such thing as a perfect investor. Even the most seasoned investing experts make bad investments every now and then. However, good investors

“I kind of look at Russia as the hurricane. It comes in fast and hard. China, on the other hand, is climate change: long...
08/05/2022

“I kind of look at Russia as the hurricane. It comes in fast and hard. China, on the other hand, is climate change: long, slow, pervasive.” Rob Joyce, director of the Cybersecurity Directorate of the National Security Agency (NSA) in 2019. By the end of 2020, the director general of the British Security Service MI5 Ken McCallum used similar terms as he described Russian actions as “bursts of bad weather, while China is changing the climate.”...

https://indoxylseo.com/2022/05/08/from-russian-rain-to-chinese-storm/

“I kind of look at Russia as the hurricane. It comes in fast and hard. China, on the other hand, is climate change: long, slow, pervasive.”

There is a school of thought that says central banks, after a decade of running scared, have found their mojo again. The...
08/05/2022

There is a school of thought that says central banks, after a decade of running scared, have found their mojo again. Their anxiety stemmed from the 2008 crash, when banks panicked in the wake of the US sub-prime property crash and drained the financial system of funds. Only the central banks could make up the difference – with a lending program known as quantitative easing – and it has been the same story ever since....

https://indoxylseo.com/2022/05/08/confidence-its-in-short-supply-at-the-bank-of-england-philip-inman/

There is a school of thought that says central banks, after a decade of running scared, have found their mojo again.

The Small Business Administration budget request for fiscal year 2023 includes some big increases. The budget request ha...
08/05/2022

The Small Business Administration budget request for fiscal year 2023 includes some big increases. The budget request has been passed by the Senate Committee on Small Business and Entrepreneurship. The budget to the budget could aid small business owners who are seeking increased training and counseling, or access to funding. The proposal also increases the SBAs lending authority by $6.5 billion....

https://indoxylseo.com/2022/05/08/biden-proposes-1-06-billion-for-sba-2023-plus-increases-in-loan-funding/

The Small Business Administration budget request for fiscal year 2023 includes some big increases. The budget request has been passed by the Senate Committee

Senator Bernie Sanders, an Independent from Vermont, left, speaks next to Christian Smalls, founder of the Amazon Labor ...
08/05/2022

Senator Bernie Sanders, an Independent from Vermont, left, speaks next to Christian Smalls, founder of the Amazon Labor Union (ALU), during an ALU rally in the Staten Island borough of New York, US, on Sunday, April 24, 2022. Victor J. Blue | Bloomberg | Getty Images After years of declining influence, unions are having a resurgence. Employee from companies across the country are asking as a means of more benefits, pay and safety from their employers....

https://indoxylseo.com/2022/05/08/why-is-there-a-union-boom/

Senator Bernie Sanders, an Independent from Vermont, left, speaks next to Christian Smalls, founder of the Amazon Labor Union (ALU), during an ALU rally in

Gov. Ned Lamont came out swinging when he took the stage at the state Democratic party convention Saturday. Accepting th...
08/05/2022

Gov. Ned Lamont came out swinging when he took the stage at the state Democratic party convention Saturday. Accepting the party's nomination for governor, Lamont kicked off his speech with a nod to his opponent, Bob Stefanowski, who received the GOP nomination Friday night. “Last night, I was watching a little bit of the Republican convention,” Lamont said. “And one thing Bob said I sort of agreed with....

https://indoxylseo.com/2022/05/08/ct-democrats-nominate-gov-ned-lamont-for-a-second-term/

Gov. Ned Lamont came out swinging when he took the stage at the state Democratic party convention Saturday.

America's oil refiners are enjoying a surge in profits as inventories of critical fuels are drained across the US, sendi...
08/05/2022

America's oil refiners are enjoying a surge in profits as inventories of critical fuels are drained across the US, sending prices sharply higher just weeks before the start of the country's annual driving season. The sharp rise in the cost of fuel at the pump in recent months has prompted a backlash from the Biden administration, which has warned oil companies against profiteering amid the war in Ukraine and spiral inflation....

https://indoxylseo.com/2022/05/08/rocketing-prices-at-the-pump-fuel-surge-in-profits-at-us-refiners/

America's oil refiners are enjoying a surge in profits as inventories of critical fuels are drained across the US, sending prices sharply higher just weeks

The global trade system these days seems ever more like an unsuccessful 12-step programme. The first step is to admit th...
08/05/2022

The global trade system these days seems ever more like an unsuccessful 12-step programme. The first step is to admit that there's a problem. Unfortunately, few stakeholders seem willing to say it. The rare exception is the US trade representative Katherine Tai, who, just a few days ago, called for an end to wilful blindness to the failings in the current global trade paradigm....

https://indoxylseo.com/2022/05/08/the-world-needs-a-12-step-program-for-better-trade/

The global trade system these days seems ever more like an unsuccessful 12-step programme. The first step is to admit that there's a problem. Unfortunately,

(Keith Noonan) When the market hits a tumultuous stretch, investors often flock to shares stocks. Companies in this cate...
08/05/2022

(Keith Noonan) When the market hits a tumultuous stretch, investors often flock to shares stocks. Companies in this category will actually pay you to own their shares, and stocks that pay dividends have historically outperformed those that do not by a wide margin. Returning cash to shareholders across a long stretch of time is typically a strong indicator of a sturdy business....

https://indoxylseo.com/2022/05/08/no-lie-these-stocks-pay-you-to-own-them-smart-change-personal-finance/

When the market hits a tumultuous stretch, investors often flock to shares stocks. Companies in this category will actually pay you to own their shares, and

Depending on whether your definition of wealth includes community wealth, this definition of innovation is a great start...
08/05/2022

Depending on whether your definition of wealth includes community wealth, this definition of innovation is a great start. For me, innovation is about solving problems. And if innovation is about solving problems, what problems you are solving and who is setting about solving them is key. Get Weekend Reads from Ideas A weekly newsletter from the Boston Globe Ideas section, forged at the intersection of 'what if' and 'why not.'...

https://indoxylseo.com/2022/05/08/innovation-doesnt-mean-what-you-think-it-does/

Depending on whether your definition of wealth includes community wealth, this definition of innovation is a great start. For me, innovation is about solving

'Making Money' host provides perspective on the stock market. Investors are preparing for another busy week for corporat...
08/05/2022

'Making Money' host provides perspective on the stock market. Investors are preparing for another busy week for corporate earnings and will be watching a slew of economic data, including the latest on consumer prices. The Federal Reserve has raised interest rates by half a percentage point for the first time in two decades in an effort to start taming record high inflation to bring prices down....

https://indoxylseo.com/2022/05/08/consumer-price-index-wholesale-inventories-disney-earnings-top-week-ahead/

'Making Money' host provides perspective on the stock market.

(Katie Brockman) The past few months have been rough for the stock market. After peaking in early January, the S&P 500 f...
08/05/2022

(Katie Brockman) The past few months have been rough for the stock market. After peaking in early January, the S&P 500 fell sharply later in the month. Since then, it's rebounded only to drop again, entering correction territory twice since the beginning of the year. This type of volatility can be tough to stomach, especially if you have a lot of money tied up in your investments....

https://indoxylseo.com/2022/05/08/worried-about-the-stock-market-1-move-to-avoid-at-all-costs-smart-change-personal-finance-2/

The past few months have been rough for the stock market. After peaking in early January, the S&P 500 fell sharply later in the month. Since then, it's

The US has unveiled a new layer of sanctions on Russia, targeting services, Russia's propaganda machine and its defense ...
08/05/2022

The US has unveiled a new layer of sanctions on Russia, targeting services, Russia's propaganda machine and its defense industry on the eve of Vladimir Putin's planned Victory Day parade. The new measures were announced as leaders from the G7 group of industrialized democracies held a virtual summit with Ukrainian president, Volodymyr Zelenskiy in a show of solidarity. They are primarily intended to close loopholes in the existing sanctions and to tighten the noose around the Russian economy by another few notches....

https://indoxylseo.com/2022/05/08/us-unveils-new-sanctions-on-russia-targeting-services-media-and-defense-industry-us-foreign-policy/

The US has unveiled a new layer of sanctions on Russia, targeting services, Russia's propaganda machine and its defense industry on the eve of Vladimir

So the central bank has broken up with "transitory" and set its eyes on a new inflation-modifying term: entrenched. "It'...
08/05/2022

So the central bank has broken up with "transitory" and set its eyes on a new inflation-modifying term: entrenched. "It's our job to make sure that inflation of that unpleasant high nature doesn't get entrenched in the economy," Fed Chair Jerome Powell said last Wednesday, just after he announced a half-point interest rate hike to combat inflation. It's unclear what exactly entrenched inflation looks like or how we'll know if we've reached it....

https://indoxylseo.com/2022/05/08/stocks-week-ahead-how-long-will-inflation-last-the-answer-lies-in-the-past/

So the central bank has broken up with "transitory" and set its eyes on a new inflation-modifying term: entrenched.

President Joe Biden has decided to leave US tariffs imposed by his predecessor in 2018 in place on $350 billion in Chine...
08/05/2022

President Joe Biden has decided to leave US tariffs imposed by his predecessor in 2018 in place on $350 billion in Chinese goods. In turn, Beijing has left its retaliatory tariffs on some agricultural products, including soybeans, and some American-made goods. The Chinese tariffs hurt US farmers by making American-grown soybeans more expensive for Chinese buyers, who bought a majority of US exports prior to the trade war....

https://indoxylseo.com/2022/05/08/soybean-farmers-are-still-targeted-by-chinese-tariffs-4-years-later/

President Joe Biden has decided to leave US tariffs imposed by his predecessor in 2018 in place on $350 billion in Chinese goods. In turn, Beijing has left

Credit card balances up 3.0% from March 2019, but CPI inflation up 13%, LOL. Auto sales plunged, but auto loans jumped. ...
08/05/2022

Credit card balances up 3.0% from March 2019, but CPI inflation up 13%, LOL. Auto sales plunged, but auto loans jumped. You guessed it, ridiculous price increases. By Wolf Richter for WOLF STREET. Credit card balances ticked up 1.9% in March from February, not seasonally adjusted, to $1.036 billion, according to the Federal Reserve today. Compared to three years ago, March 2019, the last March before the pandemic, this was up by only 3.0%....

https://indoxylseo.com/2022/05/08/state-of-the-american-debt-slaves-borrowing-more-to-buy-less-due-to-raging-inflation/

Credit card balances ticked up 1.9% in March from February, not seasonally adjusted, to $1.036 billion, according to the Federal Reserve today. Compared to

(Stefon Walters) For new investors, it can be challenging to research and invest in single companies. Luckily, that's wh...
08/05/2022

(Stefon Walters) For new investors, it can be challenging to research and invest in single companies. Luckily, that's where exchange-traded funds (ETFs) come into play. ETFs allow investors to invest in multiple assets with a single investment. Different ETFs are created based on different criteria, like sector, company size, or company mission. If you're new to investing, you can rarely go wrong with first looking into the…...

https://indoxylseo.com/2022/05/08/why-this-etf-is-my-no-1-recommendation-for-new-investors-smart-change-personal-finance-2/

For new investors, it can be challenging to research and invest in single companies. Luckily, that's where exchange-traded funds (ETFs) come into play. ETFs

Retirees fret about their portfolios in a turbulent market and rightfully so, but for many the most consequential financ...
08/05/2022

Retirees fret about their portfolios in a turbulent market and rightfully so, but for many the most consequential financial and personal decision is where they move in retirement. If they make a mistake—moving to a town they don't like, buying a home that isn't right for them, or encountering costs they didn't expect—it can put a permanent dent in their retirement....

https://indoxylseo.com/2022/05/08/moving-in-retirement-heres-how-to-keep-costs-down-and-maintain-flexibility-2/

Retirees fret about their portfolios in a turbulent market and rightfully so, but for many the most consequential financial and personal decision is where

(Stefon Walters) There's no such thing as a perfect investor. Even the most seasoned investing experts make bad investme...
08/05/2022

(Stefon Walters) There's no such thing as a perfect investor. Even the most seasoned investing experts make bad investments every now and then. However, good investors understand that some fundamental mistakes can (and should) be avoided to make you a better investor. Here are five painfully common investing mistakes to avoid. Image source: Getty Images 1. Underestimating the power of compounding…...

https://indoxylseo.com/2022/05/08/5-painfully-common-investing-mistakes-to-avoid-right-now-smart-change-personal-finance/

There's no such thing as a perfect investor. Even the most seasoned investing experts make bad investments every now and then. However, good investors

“In the past 40-odd years, you have seen a kind of narrowing of the economic values ​​that we should be shaping markets ...
08/05/2022

“In the past 40-odd years, you have seen a kind of narrowing of the economic values ​​that we should be shaping markets to serve down to really a singular focus on efficiency, to the exclusion of things like resilience, which previously, we had a much more robust accounting for,” said the NSC economic official. Biden's team sees their worker-centered trade policy offering a new path — one that not only begets new manufacturing jobs, but supports working families by promoting unions and the right to organize, so that workers themselves can demand higher wages and better benefits....

https://indoxylseo.com/2022/05/08/how-the-russia-ukraine-conflict-boosts-bidens-trade-ambitions/

“In the past 40-odd years, you have seen a kind of narrowing of the economic values ​​that we should be shaping markets to serve down to really a singular

(Katie Brockman) The past few months have been rough for the stock market. After peaking in early January, the S&P 500 f...
08/05/2022

(Katie Brockman) The past few months have been rough for the stock market. After peaking in early January, the S&P 500 fell sharply later in the month. Since then, it's rebounded only to drop again, entering correction territory twice since the beginning of the year. This type of volatility can be tough to stomach, especially if you have a lot of money tied up in your investments....

https://indoxylseo.com/2022/05/08/worried-about-the-stock-market-1-move-to-avoid-at-all-costs-smart-change-personal-finance/

The past few months have been rough for the stock market. After peaking in early January, the S&P 500 fell sharply later in the month. Since then, it's

EU officials have proposed a ban on insuring ships that carry Russian oil, a move aimed at blocking Russia's access to g...
08/05/2022

EU officials have proposed a ban on insuring ships that carry Russian oil, a move aimed at blocking Russia's access to global oil markets and the revenue that has fueled its military invasion of Ukraine. “In effect, it would be a very strong hindrance to export Russian crude,” said Lars Barstad, chief executive of Frontline Ltd. which owns one of the world's biggest tanker fleets....

https://indoxylseo.com/2022/05/08/eu-considers-insurance-ban-for-ships-carrying-russian-oil/

EU officials have proposed a ban on insuring ships that carry Russian oil, a move aimed at blocking Russia's access to global oil markets and the revenue that

(Maurie Backman) Reading up on Social Security is most likely not your idea of ​​a fun afternoon. And who could blame yo...
08/05/2022

(Maurie Backman) Reading up on Social Security is most likely not your idea of ​​a fun afternoon. And who could blame you? But if you don't take the time to learn about Social Security, you could end up making a big mistake that hurts you financially once the time comes to claim benefits. Here are a few such blunders you might make accidentally -- but regret after the fact....

https://indoxylseo.com/2022/05/08/3-social-security-mistakes-you-may-not-realize-youre-making-smart-change-personal-finance/

Reading up on Social Security is most likely not your idea of ​​a fun afternoon. And who could blame you?

Less than three months after Russian troops moved across the border into Ukraine the economic implications of the war ar...
08/05/2022

Less than three months after Russian troops moved across the border into Ukraine the economic implications of the war are gradually sinking in. There have been other conflicts since 1945 but it is hard to think of one that has had such a dramatic and sudden impact. The only real comparison is with the Yom Kippur war of 1973. Support for Ukraine has been widespread in the west, among governments and the public, but only now are the consequences of sanctions and embargos starting to be felt....

https://indoxylseo.com/2022/05/08/rishi-sunak-can-fight-recession-risks-with-a-cost-of-living-support-package-larry-elliott/

Less than three months after Russian troops moved across the border into Ukraine the economic implications of the war are gradually sinking in. There have

(Stefon Walters) For new investors, it can be challenging to research and invest in single companies. Luckily, that's wh...
08/05/2022

(Stefon Walters) For new investors, it can be challenging to research and invest in single companies. Luckily, that's where exchange-traded funds (ETFs) come into play. ETFs allow investors to invest in multiple assets with a single investment. Different ETFs are created based on different criteria, like sector, company size, or company mission. If you're new to investing, you can rarely go wrong with first looking into the…...

https://indoxylseo.com/2022/05/08/why-this-etf-is-my-no-1-recommendation-for-new-investors-smart-change-personal-finance/

For new investors, it can be challenging to research and invest in single companies. Luckily, that's where exchange-traded funds (ETFs) come into play. ETFs

(WXYZ) — Cranbrook Kingswood School teens have placed Michigan on the world map for winning a global competition that fo...
08/05/2022

(WXYZ) — Cranbrook Kingswood School teens have placed Michigan on the world map for winning a global competition that focuses on solving sustainability issues. The annual World Series of Innovation competition invited young people ages 13 to 24 to tackle innovation challenges aligned with the United Nations Sustainable Development Goal. Thousands across the US and from around the world participated, but it was 17-year-old Jason Lin and Daniel Shi who walked away with the top prize in the EY Collaborate for Impact category....

https://indoxylseo.com/2022/05/08/michigan-teens-take-first-place-in-global-entrepreneurship-competition-for-app/

(WXYZ) — Cranbrook Kingswood School teens have placed Michigan on the world map for winning a global competition that focuses on solving sustainability issues.

The US government was so pleased with its swift seizure of a Russian oligarch's 255-foot yacht on the Mediterranean isla...
08/05/2022

The US government was so pleased with its swift seizure of a Russian oligarch's 255-foot yacht on the Mediterranean island of Majorca last month that it posted a video on YouTube of the moment FBI agents and Spanish authorities clambered up the gangplank. The $90 million yacht owned by Viktor Vekselberg, called the Tango, was the government's first big prize in a campaign against billionaires with close ties to the Kremlin....

https://indoxylseo.com/2022/05/08/why-selling-off-russian-oligarchs-assets-will-take-years/

The US government was so pleased with its swift seizure of a Russian oligarch's 255-foot yacht on the Mediterranean island of Majorca last month that it

(Christy Bieber) News about inflation seems to get worse every month, with the most recent report in March indicating th...
08/05/2022

(Christy Bieber) News about inflation seems to get worse every month, with the most recent report in March indicating that prices of goods and services were up 8.5% year-over-year. This is the largest annual price increase since 1981. The big bump was driven by surging costs for necessities including housing, gas, and food. Unfortunately, this sky-high inflation is really bad news for retirees....

https://indoxylseo.com/2022/05/08/surging-prices-in-2022-show-one-big-problem-with-how-social-security-calculates-raises-smart-change-personal-finance/

News about inflation seems to get worse every month, with the most recent report in March indicating that prices of goods and services were up 8.5%

Has US consumer price growth finally started to moderate? The upcoming US consumer price index report is expected to sho...
08/05/2022

Has US consumer price growth finally started to moderate? The upcoming US consumer price index report is expected to show that inflation continued to grow in April, albeit at a slightly slower pace than in previous months. Economists polled by Bloomberg forecast that US consumer prices rose at a pace of 8.1 per cent year on year compared with 8.5 per cent in March....

https://indoxylseo.com/2022/05/08/has-us-inflation-finally-started-to-slow/

The upcoming US consumer price index report is expected to show that inflation continued to grow in April, albeit at a slightly slower pace than in previous

Mortgage rates continue to hover just above 5%. As inflation remains elevated and the Federal Reserve tightens monetary ...
08/05/2022

Mortgage rates continue to hover just above 5%. As inflation remains elevated and the Federal Reserve tightens monetary policy in response, rates aren't likely to decrease any time soon. "I believe the rates being above 5% will become a norm, and I don't see a significant downward movement in the near future," says Ralph DiBugnara, president of Home Qualified and senior vice president of Cardinal Financial....

https://indoxylseo.com/2022/05/08/todays-mortgage-refinance-rates-may-8-2022/

Mortgage rates continue to hover just above 5%. As inflation remains elevated and the

Welcome to Britain, May 2022 – and one of the most toxic and dangerous economic moments I can recall. Last week, the Ban...
08/05/2022

Welcome to Britain, May 2022 – and one of the most toxic and dangerous economic moments I can recall. Last week, the Bank of England forecast inflation exceeding 10% and predicted negligible growth for the next two years, toppling into months of recession, accompanied by the savage squeeze on living standards. This is serious enough, but less remarked and of as much importance is the 10% devaluation of sterling over the past three months....

https://indoxylseo.com/2022/05/08/the-economy-is-collapsing-yet-i-cant-recall-a-government-so-devoid-of-a-plan-will-hutton/

Welcome to Britain, May 2022 – and one of the most toxic and dangerous economic moments I can recall. Last week, the Bank of England forecast inflation

What exactly is financial literacy? People talk about it and write about it. It is a buzzword of sorts now, bandied abou...
08/05/2022

What exactly is financial literacy? People talk about it and write about it. It is a buzzword of sorts now, bandied about in many ways and contexts, particularly during Financial Literacy Month, which just wrapped up in April. In fact, it is important to understand what it means, and why it is important to all of us. Financial literacy isn't just understanding how to write a check and balance a checkbook (if that even applies anymore)....

https://indoxylseo.com/2022/05/08/the-haves-vs-have-nots-problem-wont-go-away-without-doing-this/

What exactly is financial literacy?

The Schork Group principal Stephen Schork weighs in on the spike in diesel prices. Russia is looking to ease strains on ...
08/05/2022

The Schork Group principal Stephen Schork weighs in on the spike in diesel prices. Russia is looking to ease strains on its market caused by massive international sanctions and gas boycotts by opening the Nord Stream 2 pipeline domestically. The West heavily relied on the threat of shutting down the controversial pipeline in an attempt to preserve Ukraine's sovereignty in the lead-up to the invasion....

https://indoxylseo.com/2022/05/08/russia-looks-to-utilize-nord-stream-2-domestically-to-boost-markets-as-europe-shuns-oil/

The Schork Group principal Stephen Schork weighs in on the spike in diesel prices.

Ryan Johnson for the Washington Post Propaganda-driven panic drives up prices and denies grain to the hungrier Perspecti...
08/05/2022

Ryan Johnson for the Washington Post Propaganda-driven panic drives up prices and denies grain to the hungrier Perspective by Annia Ciezadlo Annia Ciezadlo is a journalist who writes about food, politics and power in times of crisis. She is the author of "Day of Honey: A Memoir of Food, Love, and War." Yesterday at 2:34 pm EDT When Russia invaded Ukraine, governments around the world responded with severe economic sanctions....

https://indoxylseo.com/2022/05/08/the-world-has-plenty-of-wheat-putin-still-uses-it-as-a-weapon/

Perspective by Annia Ciezadlo

Electronic screens display stock market information at the New York Stock Exchange (NYSE) in New York, the United States...
08/05/2022

Electronic screens display stock market information at the New York Stock Exchange (NYSE) in New York, the United States, May 5, 2022. Photo: Xinhua US stocks fell on Friday to close out a tumultuous week, as the US raised interest rate amid a major monetary policy shift. The US may find its interest hike less effective in curbing inflation, and the spillover risks of its monetary policy on international financial market and global economy should be closely watched, experts warned....

https://indoxylseo.com/2022/05/08/experts-warn-spillover-risks-of-us-monetary-policy-on-other-economics/

Electronic screens display stock market information at the New York Stock Exchange (NYSE) in New York, the United States, May 5, 2022. Photo: Xinhua

As Germany's biggest union, IG Metall, begins discussions on demands for a wage increase of up to 8.2 per cent for the c...
08/05/2022

As Germany's biggest union, IG Metall, begins discussions on demands for a wage increase of up to 8.2 per cent for the country's 85,000 steelworkers in the coming weeks, Birgit Dietze expects reverberations for workers across Europe. “When companies are making high profits, as they are at the moment, there can and must be compensation for the sharp rise in prices for employees,” Dietze, IG Metall's chief negotiator in the east German steel industry, told the Financial Times ahead of A vote by the union's board later on Sunday, when members are expected to back the proposed rise....

https://indoxylseo.com/2022/05/08/eurozones-long-stagnating-wages-start-to-rise-as-cost-of-living-soars/

As Germany's biggest union, IG Metall, begins discussions on demands for a wage increase of up to 8.2 per cent for the country's 85,000 steelworkers in the

FARGO, ND (Valley News Live) - There are many new developments all over the metro. But with inflation and rising interes...
08/05/2022

FARGO, ND (Valley News Live) - There are many new developments all over the metro. But with inflation and rising interest rates, building could become difficult for those looking for their custom home. “In the last two years, we've seen significant price increases on a lot of commodities: wood, metal products, as well as products that don't typically fluctuate as much as they have,” says Homebuilders Association of Fargo-Moorhead's Elliot Steinbrink....

https://indoxylseo.com/2022/05/08/inflation-impacts-are-felt-locally-in-the-housing-market/

FARGO, ND (Valley News Live) - There are many new developments all over the metro. But with inflation and rising interest rates, building could become

The Bank of England has increased its main interest rate to 1 percent. It is forecasting inflation of 10 percent this ye...
08/05/2022

The Bank of England has increased its main interest rate to 1 percent. It is forecasting inflation of 10 percent this year, driven by soaring energy costs and the rising price of goods. Millions of people are facing a miserable, grinding year as the prices of essentials accelerate far past pay, pensions, or increases benefits. Interest rate rises will do nothing to alter this; more likely, they will simply add to the squeeze of those already in debt — levels of which have also started to rise sharply since the start of the year....

https://indoxylseo.com/2022/05/08/interest-rate-hikes-are-class-war-against-workers/

The Bank of England has increased its main interest rate to 1 percent. It is forecasting inflation of 10 percent this year, driven by soaring energy costs and

The online landscape is littered with horrible personal finance advice: teenagers promoting day trading strategies, “inf...
08/05/2022

The online landscape is littered with horrible personal finance advice: teenagers promoting day trading strategies, “influencers” flogging questionable investment schemes and people with dubious credentials insisting you shouldn't invest in a 401(k). Outrageous statements and flashy graphics grab attention, but there's also plenty of sound, factually correct money content out there — and some of it is even entertaining. So if you want to learn more about managing your finances while having at least a little fun, here are some ways to go about it....

https://indoxylseo.com/2022/05/08/painless-even-fun-ways-to-learn-about-money-personal-financeolumn/

The online landscape is littered with horrible personal finance advice: teenagers promoting day trading strategies, “influencers” flogging questionable

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