Most Americans Report Financial Bright Spot Despite Declining Financial Confidence, New York Life Wealth Watch Survey Findings
Adults turn to savings to cope with rising costs, report spending nearly $617 to cover daily expenses NEW YORK–(BUSINESS WIRE)–As inflation remains high and the cost of everyday goods continues to rise, New York Life’s Wealth Watch Survey revealed that the majority (62%) of adults still express overall confidence in their ability to achieve their financial goals, down from an average of 69% compared to beginning of the year. When asked to describe how they feel about their finances, 30% of Americans are “unsure” and 29% are “anxious,” but nearly 1 in 3 (28%) are “hopeful,” findings which are somewhat…
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Japanese yen enjoys biggest sustained rise in two years
The Japanese yen settled for its biggest gain against the dollar in more than two years on Tuesday as concerns over the U.S. House of Representatives Speaker Nancy Pelosi’s trip to Taiwan drove investors to safe haven currencies. The currency has risen nearly 4.5% over the past five trading sessions, hitting a high of nearly 130.4 yen to the dollar in London. Concerns about the impact of Pelosi’s impending visit to Taiwan weighed on stocks and sent investors fleeing into US Treasuries. The yield on the benchmark 10-year Treasury fell to 2.516%, its lowest since April, further narrowing the gap…
Read More »The table sets the date to announce the financial results for the second quarter of the financial year 2023
REDWOOD CITY, Calif.–(BUSINESS THREAD)–Box, Inc. (NYSE:BOX) today announced that it will report financial results for its second quarter, ended July 31, 2022, after the market closes on Wednesday, August 24, 2022. On that day, Box management will conference call and webcast at 2:00 pm PT to discuss Box’s financial results and business performance. The conference call can be accessed by registering online at https://conferencingportals.com/event/xgkBSAEoat which time registrants will receive dial-in information as well as a password and registration ID. What: Box Second Fiscal Quarter 2023 Conference on results When: Wednesday, August 24, 2022 Time: 14:00 PT Webcast: www.box.com/investors A live…
Read More »S&P 500 falls slightly as investors weigh China tensions, fresh batch of gains
The S&P 500 fell slightly on Tuesday as investors weighed tensions between the US and China with House Speaker Nancy Pelosi beginning a visit to Taiwan, while continuing to watch earnings and economic data. The S&P 500 was down just 0.1% after falling nearly 1% earlier in the session. The benchmark dropped from the lows when Pelosi’s plane landed safely in Taiwan on Tuesday morning. The Nasdaq Composite rose 0.2%, boosted for a big profit on Uber after earnings. The Dow Jones Industrial Average was the outlier, falling 170.65 points, or 0.5%, weighed down by Caterpillar, which opened more than…
Read More »President’s News | Newsroom | The United States Senate Finance Committee
02 August 2022 Republicans misleadingly claim that “American manufacturers” pay half the corporate minimum tax to protect known tax evaders operating offshore. Washington, DC: In response to the Republican Finance Committee’s release of misleading data suggesting the minimum business tax was primarily a tax on “American manufacturers,” Senate Finance Committee Chairman Ron Wyden, D -Ore., and Sen. Elizabeth Warren, D-Mass. , today released additional data provided by the Joint Committee on Taxation (JCT) that refutes this misleading claim. About half of the 15 percent minimum corporate tax paid by “American manufacturers” would include known tax evaders in the pharmaceutical and…
Read More »Most Americans Report Financial Bright Spot Despite Declining Financial Confidence, New York Life Wealth Watch Survey Findings
NEW YORK–(BUSINESS THREAD)–As inflation remains high and the cost of everyday goods continues to rise, New York Life’s Wealth Watch Survey revealed that the majority (62%) of adults still express overall confidence in their ability to achieve their financial goals, down from an average of 69% compared to beginning of the year. When asked to describe how they feel about their finances, 30% of Americans are “unsure” and 29% are “anxious,” but nearly 1 in 3 (28%) are “hopeful,” findings which are somewhat in line with the sentiments of earlier this year, when 28% of adults were “unsure”, 22% were…
Read More »Demotech claims Kin’s financial stability rating is A, Outstanding
CHICAGO–(BUSINESS THREAD)–Kin Insurance today announced that Demotech, Inc., a financial analytics firm, has once again affirmed the Outstanding Financial Stability Rating® (FSR) of A for the Kin Insurance Network . The statement comes after Demotech’s review of the first quarter 2022 statutory financial statements, the review of the catastrophe reinsurance programs of the Florida-focused telephone companies and discussions and exchanges of information between management and Demotech. Demotech assigns the rating A, exceptional level to insurers that possess exceptional financial stability related to the maintenance of a positive surplus with respect to policyholders, liquidity of invested assets, an acceptable level of…
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River Financial Launches Fee-Free Bitcoin Recurring Orders
COLUMBUS, Ohio, August 2, 2022 /PRNewswire/ — River Financial (river.com), a leading Bitcoin technology and financial services company, launches fee-free Bitcoin recurring orders, making it hassle-free with dollar-cost averaging in Bitcoin. River customers will not pay trading fees for recurring orders starting one week after a recurring order is placed. River Financial (river.com) Launches Fee-Free Bitcoin Recurring Orders, Making It Perfect For Average Dollar Cost BTC tweet this Dollar cost averaging is an effective way to accumulate Bitcoin over the long term as it reduces exposure to price volatility. With commission-free recurring orders, River customers can take advantage of low…
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