On Friday, new inflation data revealed that it’s still getting more expensive for Americans to buy cars, with prices of new and used vehicles spiking 12.6% and 16.1%, respectively, in the past year. But it’s not just inflationary pressures weighing on consumers — it’s also the effect of rising interest […]
Finance
Coinbase CEO Brian Armstrong Lambastes Anonymous ‘Operation Revive COIN’ Petitioner
Don’t miss CoinDesk’s Consensus 2022, the must-attend crypto & blockchain festival experience of the year in Austin, TX this June 9-12. Coinbase CEO Brian Armstrong took to Twitter on Friday to respond to an online petition purportedly coming from one or a group of Coinbase (COIN) workers calling out the […]
Why Jack Welch still matters to modern CEOs
A new book on an old subject crossed my path recently— “The Man Who Broke Capitalism: How Jack Welch Gutted the Heartland and Crushed the Soul of Corporate America―and How to Undo His Legacy,” by New York Times reporter David Gelles. It piqued my interest because I’d had dealings with […]
Biden sets standards for building out national EV charging network
The White House today announced new steps to meet President Biden’s goal to build out its planned network of 500,000 electric vehicle (EV) chargers along America’s highways and in rural communities. “The Department of Transportation, in partnership with the Department of Energy, is proposing new standards to make charging electric […]
Recession will hit in first half 2023, the Dow is headed lower: CFOs
Many economic prognosticators and Wall Street stock pickers have made it clear where they stand on inflation and the Federal Reserve policy response: the economy and markets will get worse before they get better. Many chief financial officers at top companies agree with them, according to the results from the latest […]
U.S. gas prices average hits $5 as summer of pain sets in
Gas prices topped $5 a gallon nationwide as of Saturday, according to the latest price data from AAA, and the sharp rise in recent months is not showing signs of slowing. The national average for a gallon of regular gas is now $5, which is nearly two dollars higher per […]
‘That grain needs to get out,’ former NATO Supreme Allied Commander says
The world faces a worsening global food crisis as the Russia-Ukraine war drags on and the West should act accordingly, former NATO Supreme Allied Commander Admiral James Stavridis told Yahoo Finance Editor-in-Chief Andy Serwer during an episode of Influencers (full interview above). “We are edging into serious global food security […]
Nasdaq falls 3.5%, S&P 500 suffers worst week since January
U.S. stocks sank Friday as investors digested two downbeat prints on the U.S. economy. May data on inflation showed price increases unexpectedly accelerated last month, with consumer prices rising 8.6% year-over-year in May, the most since 1981. Consumer sentiment data released Friday morning came in at a record low, as […]
Tesla announces 3-for-1 stock split
Tesla (TSLA) announced in its annual proxy statement released late Friday it will seek shareholder approval to split its stock 3-for-1. Shareholders will vote on the proposal at Tesla’s annual meeting on August 4th. Tesla shares rose as much as 3% after hours on Friday following the news; shares fell […]
Quick Guide to Rental Loans
When you’re looking to expand your portfolio, a real estate rental property is an excellent way to do that. It allows you to earn a passive income while generating wealth. However, not everyone has the funds available to purchase the property, or they wish to keep their available cash flow […]
Lån På Dagen: Shopping for the Best Loan for the Day
Personal loans (PLs) may not generate as much popularity as credit cards (CC), probably because of their lack of rewards. But statistics show more people are turning in this kind of financing when their time of need comes. But how exactly do people shop for the best PL or find […]
Is it a Good Idea to Take a Business Loan?
If you want your money to grow, you have to spend money. This is especially true for a business. If other operations of the business are well managed, adding capital can be wonderful for its growth. However, timing and efficiency in getting and using capital is important. One of the […]