Author: iannouncethis.com

The stock-market selloff was intensifying Friday afternoon following Federal Reserve Chairman Jerome Powell’s terse speech at Jackson Hole vowing to fight inflation until the battle has been won by bringing the annual cost of living back down to the central banks’s 2% target. The Dow Jones Industrial Average DJIA, +0.02% was down 740 points, or 2.2%, near 32,549, at last check. That would mark its worst daily percentage decline since June 16, when it tumbled 2.4%, according to Dow Jones Market Data. The S&P 500 SPX, +0.07% was off 2.6% and the Nasdaq Composite Index was bearing the brunt of…

In the rapidly evolving decentralized finance (DeFi) space, liquid staking protocols are emerging as innovative solutions that are expanding the possibilities for participants. By allowing staked assets to remain liquid and composable with other DeFi protocols, liquid staking brings much-needed flexibility to the staking process while still enabling users to earn yields. In this review, we’ll take a deep dive into stake.link – the premier liquid staking protocol dedicated to Chainlink. An overview of stake.link Launched in late 2022, stake.link is a delegated liquid staking protocol powered by the SDL governance token. It allows anyone to provide Chainlink (LINK) as collateral…

There’s one certainty in gambling: Nothing is left to chance. In the end, the house always comes out the winner. A casino is a business, not a charitable organization throwing free money away. Like any other business, it has a business model in place designed to ensure its profitability. Key Takeaways A casino has a number of built-in advantages to ensure that it, and not its customers, will always win in the end.These advantages, known as the “house edge,” represent the average gross profit that the casino expects to make from each game.The longer you play, the greater the odds…

#youtube #inflation #jobs #yahoofinance Threadneedle Ventures Founder Ann Berry spoke down Yahoo Finance Live anchors Seana Smith and Dave Briggs to talk about how U.S. consumers are impacted amid rising debt and Fed rate hikes, while also discussing the S&P 500, Salesforce, and the feud between Disney CEO Bob Iger and investor Nelson Peltz. Don’t Miss: Valley of Hype: The culture that built Elizabeth Holmes WATCH HERE: https://youtu.be/Sb179GLPNYE Subscribe to Yahoo Finance: https://yhoo.it/2fGu5Bb About Yahoo Finance: At Yahoo Finance, you get free stock quotes, up-to-date news, portfolio management resources, international market data, social interaction and mortgage rates that help you…

U.S. News released its influential undergraduate college rankings Monday, a list that continues to inspire both fascination and derision.  Despite a change in methodology partially in response to recent criticisms, the same Ivy League and highly selective institutions still dominate the top of the list, even though there’s been some significant moves among the top-14 ranked schools.    For… Source link

Three dynamics in the global economy may potentially lower economic growth, undermine corporate profits, and keep inflation above 2% over the next five years — all of which should factor into investors’ multi-asset allocations, according to a 132-page report from Rotterdam-based asset manager Robeco.The first is labor’s likely increased bargaining power, with the outcome of any tussle between businesses and their workers probably being determined by wages, based on a report compiled by strategists Laurens Swinkels and Peter van der Welle on behalf of the multi-asset team at Robeco, which manages $194 billion in assets. The second is the potential…

The new Bitcoin-only trust company will combine expertise from BitGo and Swan Bitcoin to drive adoption with minimal exposure. California-based crypto custodian BitGo Inc and Bitcoin services firm Swan are working to create a Bitcoin-only trust company. The new firm will offer customers Bitcoin custody without the risk of exposure to the crypto market. According to an official press release, the new firm will be the first Bitcoin-only trust company. It will combine regulatory compliance expertise, Bitcoin cold storage technology from BitGo, and Swan’s expertise with fraud prevention, onboarding, and AML/KYC requirements, in addition to its Bitcoin knowledge. Swan and BitGo to…

Chetwood Financial has announced Ian Lonergan as its new group chair. Founded in 2016, Wrexham-based Chetwood Financial is a digital bank that has four consumer products – LiveLend, BetterBorrow, SmartSave and Wave – and is soon to launch ModaMortgages, a new specialist buy-to-let (BTL) mortgage lender. Lonergan has worked in financial services for over 30 years. He was previously the CEO and founder of Precise Mortgages, which grew to be one of the largest BTL and residential specialist mortgage lenders in the UK. The parent company of Precise Mortgages and Charter Savings Bank, Charter Court Financial Services, where Lonergan was…

One way of measuring capital intensity is to calculate the physical capital spent per worker. Automobile production, for example, requires purchasing and maintaining expensive equipment for the use of every worker on the assembly line. The operations of capital-intensive businesses require investments in high-priced items, such as facilities, infrastructure, and major manufacturing equipment. In addition to the auto industry, energy, transportation, and semiconductors are near the top of the list. Key Takeaways Capital expenditures are major purchases, such as facilities and equipment, that companies make to maintain or expand their operations.Automobile manufacturing, energy, transportation, and semiconductors are all industries with…

Glenn Kelman, Redfin CEO, joins ‘Closing Bell: Overtime’ to discuss why home prices are falling despite inventories being low. For access to live and exclusive video from CNBC subscribe to CNBC PRO: https://cnb.cx/2NGeIvi  » Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevision » Subscribe to CNBC: https://cnb.cx/SubscribeCNBC Turn to CNBC TV for the latest stock market news and analysis. From market futures to live price updates CNBC is the leader in business news worldwide. Connect with CNBC News Online Get the latest news: http://www.cnbc.com/ Follow CNBC on LinkedIn: https://cnb.cx/LinkedInCNBC Follow CNBC News on Facebook: https://cnb.cx/LikeCNBC Follow CNBC News on Twitter: https://cnb.cx/FollowCNBC Follow CNBC…