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Yahoo Finance
Stocks trending after hours: Goldman Sachs, Lyft, Mind Medicine and more
Big banks, Mind Medicine, and Lyft are among the top trending stocks on Yahoo Finance on Tuesday, September 27, 2022.
Bloomberg
Amazon Raises Hourly Wages at Cost of Almost $1 Billion a Year
(Bloomberg) — Amazon.com Inc. announced a pay increase for hourly workers in the US that it says will take average starting wage for most front-line employees in warehousing and transportation to more than $19 an hour.Most Read from BloombergMacKenzie Scott Files for Divorce From Science Teacher HusbandTrump Refuses to Delay Florida Deposition in Phone-Fraud Case Despite HurricaneApple Ditches iPhone Production Increase After Demand FaltersStocks Plummet to 22-Month Low as Fed Hawks Circle: Mar
American City Business Journals
General Motors CEO Mary Barra revises return-to-office plan after pushback
General Motors CEO Mary Barra yesterday apologized to salaried workers for the timing of a memo sent late Friday afternoon outlining a new back-to-office policy and delayed the implementation of the plan. The email said that GM employees who had been working remotely during the pandemic would be required later this year to return to the office at least three days a week, the Detroit Free Press reported. The email triggered employee pushback about both the updated policy and the timing of the announcement, leading Barra to partially walk back the decision, announcing Tuesday that the automaker will not implement the requirement this year but that “a more regular, in-person presence” will still be the plan for the future.
TheStreet.com
Warren Buffett’s Berkshire Makes List of Undervalued, Stocks
The CBOE Volatility Index has skyrocketed 89% so far this year. Morningstar put together a list of stocks with one- and three-year betas of 0.8 or lower. Then it screened for stocks that are undervalued, according to Morningstar analysts’ fair value estimates.
CoinDesk
The Fed May Not Be Able to Pivot Even If It so Desires
With the global economy teetering and markets in turmoil – the recent crash of the British pound and bond market being the latest examples – central banks are facing an acute dilemma they haven’t dealt with for a long time: choosing between price stability – tightening monetary policy to keep inflation from spiraling out of control – and financial stability – keeping financial markets from seizing up. The U.S. Federal Reserve has pledged to keep hiking interest rates until inflation returns closer to the bank’s target of 2%. American markets are undeniably in stress right now.
SmartAsset
Can I Apply for an Ex-Spouse’s Social Security Benefit?
Marriage can affect how you do your taxes, make money and plan for retirement. If your marriage ends, it’s important to know the rules regarding divorce and Social Security. Who’s eligible for what benefits, how much can you collect and … Continue reading → The post Social Security Rules After a Divorce appeared first on SmartAsset Blog.
Barrons.com
Senators Propose Letting Americans Buy $30,000 in I Bonds
The current cap on yearly buys of I bonds is $10,000 per person plus $5,000 through federal tax refunds. Two senators propose raising that limit to $30,000 in total.
Investor’s Business Daily
5 Best Chinese Stocks To Buy And Watch
Hundreds of Chinese companies are listed on U.S. markets. But which are the best Chinese stocks to buy or watch right now? Among the best are Nio, Baidu, Li Auto, Pinduoduo and BYD Co.. China is the world’s most-populous nation and the second-largest economy, with a booming urban middle class and amazing entrepreneurial activity.
Associated Press
Biden vows US commitment to Pacific Islands at summit
President Joe Biden on Thursday told visiting leaders from more than a dozen Pacific Island countries that the U.S. was committed to bolstering its presence in their region and becoming a more collaborative partner as they face the “existential threat” of climate change. The president addressed the leaders who gathered in Washington for a summit as the White House looks to improve relations in the Pacific amid growing U.S. concern about China’s growing military and economic influence. “A great deal of history of our world is going to be written in the Indo-Pacific over the coming years and decades,” Biden said at the start of a meeting with island leaders at the State Department.
SmartAsset
TD Ameritrade vs. Fidelity vs. Vanguard
If you’re considering opening a brokerage account to buy and sell equities, chances are you’ve come across TD Ameritrade, Fidelity or Vanguard in your research. The three firms are among the biggest names in the financial services industry, and the … Continue reading → The post TD Ameritrade vs. Fidelity vs. Vanguard appeared first on SmartAsset Blog.
CoinDesk
Why Is the Dollar Crushing Global Currencies if Inflation Is so Bad?
Controversial financial decisions by new U.K. Prime Minister Liz Truss have driven the British pound down even more sharply in recent days, for a cumulative 18% drop since April. You might argue the tail has wagged the dog on crypto’s understanding of inflation: Bitcoin’s fixed supply has been aggressively marketed as a long-term inflation hedge, leading to an emphasis on so-called monetary inflation. Monetary inflation occurs when more monetary units compete for the same amount of real-world goods, driving prices up.
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