6 key financial steps to take after a layoff

6 key financial steps to take after a layoff

Halfpoint Images | Moment | Getty Images 1. Take a financial inventory Among the first things to do if you lose your job is to take stock of financial resources at your disposal, according to financial advisors. Those may include other streams of income such as a partner’s salary, as well as emergency savings, company … Read more

5 things to know before the stock market opens Monday, June 27

Here are the most important news items that investors need to start their trading day: 1. Stocks look to build off last week’s rebound A trader works on the floor of the New York Stock Exchange (NYSE) in New York City, US, June 22, 2022. Brendan Mcdermid | Reuters US stock futures rose before the … Read more

Still very hot, despite isolated layoffs

A ‘We’re Hiring!’ sign is displayed at Starbucks Mario Tama | Getty Images News | Getty Images Last week, senior product manager for Coinbase David Hong wrote on LinkedIn that he was up at 4am to prepare for a meeting when his company MacBook abruptly shut down. He later found out he was part of … Read more

Focus on recession: next week is all about this level for gold price – analysts

(Kitco News) Signs of peak inflation and slower growth are reviving risk-on sentiment in the marketplace. And that comes with hopes that the Federal Reserve might not need to tighten as much as previously thought. But for gold, that has translated into more sideways trading as it nears a key $1,800 an ounce level. Investors … Read more

What if the Fed can’t stop inflation? This is when Bitcoin’s bear market could reverse

(Kitco News) Even the Federal Reserve admits it can’t lower food or gas prices just by hiking rates. And if it fails, a reverse rate hike could be not that far off, according to Ledn co-founder and CSO Mauricio Di Bartolomeo, who sees Bitcoin’s bear market reversing if that happens. Inflation is soaring, and the … Read more

What to expect in a typical recession

There has been a lot of chatter recently about the possibility of a recession. Yet what exactly does that mean — and what would a potential downturn look like? A recession is defined as “a significant decline in economic activity that is spread across the economy and that lasts more than a few months,” according … Read more

US refiners to urge Biden admin not to ban fuel exports

Top energy company executives will try to convince the White House Thursday not to ban fuel exports in a desperate bid to bring down eye-watering gasoline prices. The emergency meeting led by Energy Secretary Jennifer Granholm follows weeks of mudslinging between President Biden and oil companies over the cause of the intense price spikes affecting … Read more

Russia’s ruble is at strongest level in 7 years despite sanctions

Russian one ruble coin and Russian flag displayed on a screen are seen in this multiple exposure illustration photo taken in Krakow, Poland on March 8, 2022. Jakub Porzycki | Nurphoto | Getty Images Russia’s ruble hit 52.3 to the dollar on Wednesday, an increase of roughly 1.3% on the previous day and its strongest … Read more

Rail walk-out kicks off in UK amid fears of a summer of pay strikes

Forty thousand UK Network Rail staff and workers at 13 train operators have staged walkouts over pay in Britain’s biggest rail strike in 30 years. Jeff J Mitchell | Getty Images News | Getty Images LONDON — A days-long rail walkout that is causing severe travel disruption across Britain could be just the beginning of … Read more

Elizabeth Warren to Fed chair Jerome Powell: Don’t ‘drive this economy off a cliff’

During a Senate Banking Committee hearing Wednesday, Democratic Senator Elizabeth Warren urged Powell to proceed with rate hikes cautiously and avoid setting off a recession that costs millions of jobs. Warren asked Powell if Fed rate increases will lower gas prices, which have hit record highs this month. “I wouldn’t think so,” Powell said. Warren … Read more