The cost of raising a child through high school has risen to more than $300,000 because of inflation that is running close to a four-decade high, according to a Brookings Institution estimate. It determined that a married, middle-income couple with two children would spend $310,605—or an average of $18,271 a year—to raise their younger child […]
Inflation is the problem “Going up in 50-basis-point increments to me makes quite a bit of sense and there’s no reason right now that I see in the economy to pause on doing that in the next couple of meetings” -Mary Daly, San Francisco Fed President, May 12, 2022 It has become ever clearer that […]
Warren Buffett’s Berkshire Hathaway has made a big bet on Citigroup, as the legendary investor funnels some of the conglomerate’s mammoth cash hoard into stocks during this year’s market decline. Berkshire bought $3bn worth of shares in the Wall Street bank in the first quarter, giving the group a stake of about 2.8 per cent, […]
First American News – Raleigh, NC Factors affecting cars, rent, energy, and other categories play roles in determining if a drop will occur To figure out where inflation is headed, don’t look at the overall economy, look under the hood Inflation surged from 2.5% in January 2021 to 7.5% in January 2022 and could edge […]
First American News LLC, Raleigh, NC: The decline in technology shares after the Federal Reserve’s hawkish pivot provides a chance for investors to pick up some bargains, said Sarah Hunt, portfolio manager at Alpine Woods Capital Investors. Get New York Times Digital Subscription “There’s a lot of opportunity in some of the tech stocks that […]
First American News LLC, Raleigh, NC: The boldest measures that President Biden is threatening to deter an invasion of Ukraine could roil the entire Russian economy — but also those of other nations. The most punishing sanctions that U.S. officials have threatened to impose on Russia could cause severe inflation, a stock market crash and […]
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