Monthly Archives: August 2022

The stock market has misread signals from the Fed and a pivot on rate hikes is still far from happening, research firm says

Federal Reserve Chair Jerome Powell is due to speak at a European Central Bank event Wednesday. Win McNamee/Getty Images The stock market misread the Federal Reserve’s July FOMC meeting, according to TS Lombard.An interest rate pivot from the Fed is far away from happening and a 75 basis point hike is likely in September.“Inflation is…

Federal court rules that Congress can obtain Trump’s tax returns

Former President Donald Trump Jabin Botsford/The Washington Post via Getty Images A federal court ruled that Congress could obtain Trump’s tax returns. Judge David B. Sentelle ruled that Congress’ request for Trump’s returns was legitimate. The ruling does not mean that the American people will see Trump’s returns. A federal court ruled on Tuesday that…

Russian oil and gas revenues help current-account surplus more than triple to $167 billion

Russian President Vladimir Putin. Mikhail Svetlov/Getty Image Russia’s current-account surplus hit $167 billion from January to July, helped by strong energy revenues.  That’s up from just over $50 billion for the same time a year earlier, according to central bank data. Meanwhile, imports have collapsed as Western governments and companies shun Russia. Russia’s current-account surplus…

Backdoor Roth IRA: Understanding the loophole that gives high-income earners the tax benefits of a Roth IRA

A backdoor Roth IRA offers the same flexibility and investment and trading options as a traditional IRA, without having to pay taxes when you withdraw money in retirement. Jose Luis Pelaez/Getty Images A backdoor Roth IRA is a completely legal strategy to avoid the Roth’s income limits. Backdoor Roth IRAs are really just a conversion,…

AT&T is using amphibious vehicles, drones and more to restore its network during disasters

In a nondescript warehouse outside of Atlanta, nestled among the office parks and chain restaurants that pepper suburban America, AT&T is preparing for catastrophe. This is one of the company’s Network Disaster Recovery (NDR) sites, a place where a volunteer group of AT&T workers can test and train on equipment that can quickly spin up…

1Password’s big app redesign brings desktop features to mobile

It took several months, but you now have access to 1Password’s major updates on your phone. The company has released 1Password 8 for Android and iOS, and many of the desktop version’s features have carried over to mobile. For starters, there’s a new home screen that provides quicker, customized access to frequently-used passwords. There’s also…

What is Bluetooth multipoint and how does it work?

Bluetooth audio has revolutionised the headphone game. For us, there’s no going back to untangling cables, we’ve fully embraced the wireless future. This brave new world isn’t hassle-free, however, especially when you’re trying to use your Bluetooth headphones with more than one device. That’s where multipoint comes in, a solution to one of Bluetooth audio’s…