Monthly Archives: August 2022

What is inflation? Why the cost of goods rise over time and what it means for the value of your money

Inflation, an increase in the costs of goods and services, means that your money has effectively gone down in value. PeopleImages/Getty Images Inflation is the increase in the prices of goods and services in an economy over time.It could also be thought of as a decrease in the value of your money and purchasing power.While…

Trump asked John Kelly why US generals weren’t ‘totally loyal’ to him like Hitler’s generals during WWII: book

White House chief of staff John Kelly listens as U.S. President Donald Trump speaks at a briefing with senior military leaders in the Cabinet Room of the White House on October 5, 2017. Andrew Harrer-Pool/Getty Images Trump asked why US generals weren’t as loyal to him as the senior officers who served Hitler during WWII,…

The highest savings account rates today: High-yield savings accounts earning 1.81% APY or more

Insider’s experts choose the best products and services to help make smart decisions with your money (here’s how). In some cases, we receive a commission from our our partners, however, our opinions are our own. Terms apply to offers listed on this page. More online banks are raising interest rates on savings accounts. Our best…

It’s premature to call an end to the bear market and the next big drop for stocks could come in September as companies deal with falling prices and high labor costs, Morgan Stanley says

Grocery shopping in Rosemead, California on April 21, 2022. Frederic J. Brown/AFP/Getty Images Inflation may have peaked, but that won’t necessarily be any help to stocks, Morgan Stanley says.  Stocks could falls as companies deal with lower pricing power and high staffing amid a hot labor market.  “It won’t be good for profits – i.e.,…

The US Air Force is signing up for Starlink after watching it help Ukraine stay online amid Russia’s ongoing attacks

A SpaceX Starlink internet terminal in a flower bed in Vorzel, Ukraine, on May 5, 2022. Taras Podolian/Gazeta.ua/Global Images Ukraine via Getty Images SpaceX’s Starlink has been praised for providing internet service to Ukraine amid Russia’s aggression. The US Air Force is now awarding Starlink a contract for satellite internet in Europe and Africa. Starlink’s…

Meme stocks are surging again as big gains for AMC and GameStop suggest retail investors are shifting back to risk-on

Wall Street Bets SOPA Images/Getty Images A resurgence in meme stocks suggests retail investors are getting comfortable taking on more risk.Shares of AMC Entertainment, GameStop, and Bed Bath & Beyond have soared in recent weeks, outpacing the S&P 500 considerably.All three companies were among the most traded stocks at Fidelity on Monday, suggesting retail investors…

US imposes sanctions on cryptocurrency mixer that allegedly laundered over $7 billion

The US is ramping up its efforts to crack down on shady cryptocurrency mixers. The Treasury Department has imposed sanctions on Tornado Cash, a mixer that allegedly helped launder more than $7 billion in stolen crypto funds since its inception in 2019. Like a previous sanctions target, Blender, Tornado Cash is accused of “indiscriminately” helping…