Monthly Archives: July 2022

Cheaper oil and gas won’t prevent a 75-basis-point hike as inflation runs rampant – and the Fed might get even more aggressive, BofA says

Decreasing growth and increasing inflation. DNY59/Getty Images The Fed is still going to stay aggressive with rate hikes this month even as energy costs come down, BofA said this week. BofA analysts expect a 75-basis-point hike, but said a 100-basis-point hike is still possible.  “[U]nderlying price pressures remain robust and unacceptably high relative to the…

A personal finance book by a Black couple who retired in their 40s pushed me to make 3 changes that will help me build wealth in line with my values

Early retirees Kiersten (left) and Julien Saunders. Phyllis Iller Kiersten and Julien Saunders retired in their 40s, and I want to follow their lead. Their new book encourages people to reexamine why they want to become financially independent. I’m revisiting my financial plan and adding 3 tips from their book, including talking to other Filipinos…

Jan. 6 panel subpoenas Secret Service for text messages as DHS watchdog accuses agents of deleting them after being asked

A US Secret Service agent outside the White House. J. Scott Applewhite/AP Photo The January 6 commission issued a subpoena to the US Secret Service on Friday. It came after the DHS watchdog accused the agency of deleting text messages from Jan. 5 and 6, 2021, after a request. The commission is now seeking the…

Athletic Brewing Company is on a mission to reach the ‘flex-sober’ as millennials and Gen Z seek out alternatives to getting drunk

Athletic Brewing Company founders John Walker, left, and Bill Shufelt at the company’s brand-new Connecticut brewery. Athletic Brewing Company Athletic Brewing Company’s non-alcoholic beers now make up over 51% of the craft NA beer market. The company is hoping to attract “flex-sober” drinkers who want to drink without the consequences. Athletic CEO Bill Shufelt said…

My parents saw their farm as a moral imperative and it almost bankrupted us, so I vowed to prioritize my family’s financial security above all else

The author, Olivia Christensen, on her childhood farm. zhengshun tang/Getty Images; Olivia Christensen We always had what we needed growing up, but never more — so much went to my parents’ farm. They saw it as something they had to do to be good people even though it cost a fortune. As a mom now,…

10 of Justice Clarence Thomas’s former SCOTUS clerks have gone on to help prop up Trump

Associate Supreme Court Justice Clarence Thomas. AP Photo/Patrick Semansky SCOTUS Justice Clarence Thomas has been under scrutiny over his wife’s political activism. A number of Justice Thomas’s previous clerks have gone on to join or prop up the Trump sphere. Fox News host Laura Ingraham and ex-Trump lawyer John Eastman are among those who used…

A potential US recession will be mild and more in line with ‘light rain’ as opposed to a hurricane, says Pimco strategist

Alexander Spatari/Getty Images A potential US recession won’t be as severe as many fear, a Pimco strategist told Bloomberg TV. Anthony Crescenzi said Friday that while a recession looms, it’s likely to resemble a ‘light rain.’ The macroeconomic picture looks “pretty stable,” and as investors gauge the risk of a recession, “It’s seeming like it’s…

Saudi Arabia agrees to boost oil production after Joe Biden visits kingdom, report says

US President Joe Biden meets Saudi Crown Prince Mohammed bin Salman on Friday. Bandar Algaloud/Reuters Saudi Arabia will increase oil production to 13 million barrels a day, 24Live reported.  Saudi Crown Prince Mohammed bin Salman called for greater co-operation with the US. Biden had previously pledged to make Saudi Arabia a “pariah state” over the…