Reuters Money

07/25/2022

Strong dollar: 10 reasons why it matters to you

The greenback is now at a 20-year high against other world currencies, thanks in part to expectations that the Federal Reserve will increase its interest rates faster than most. And here is how, where and why it will impact you most.

All things to all people, the U.S. dollar leaves its imprint in every corner of the global economy: It is the currency in which vital raw materials are bought and sold, and it is the safe haven to which investors turn in times of trouble.

06/29/2022

Boycott Nation: How Americans are boycotting companies now

One-quarter of Americans are boycotting a product or company they had spent money on in the past, according LendingTree.

Whether because of political differences, or stances on social issues, or concerns about environmental impact, people are expressing themselves not only with their voices, but with their wallets.

If you are part of the Boycott Nation, let us know how and why in the comments.

If you are having trouble keeping track of all the consumer boycotts swirling around, you are not alone.

06/08/2022

How emerging market investors can avoid 'autocracy risk' | Reuters Video

Perth Tolle, founder of the Freedom 100 Emerging Markets ETF, explains why she thinks investing in countries with autocratic regimes carries too much risk for investors.

06/01/2022

ETF fund flows shift gears amid wider market stress | Reuters Video

Tom Roseen of Refinitiv, an LSEG business's Lipper unit says that while there is 'no where to hide' in the current market environment, there is some surprising data on where ETF investors are shifting their money.

Tom Roseen of Refinitiv Lipper says that while there is 'no where to hide' in the current market environment, there is some surprising data on where ETF investors are shifting their money.

05/26/2022

LIVE: WHO session on Ukraine

LIVE: WHO session on Ukraine

The World Health Assembly holds a session on Ukraine, with an update by WHO Director-General Tedros Adhanom Ghebreyesus.

#Reuters #Live #Ukraine #WHO #News

04/27/2022

With inflation, gold notes and cards find their way into America's wallet

A group of Americans are increasingly turning to gold as an alternative currency as unprecedented government spending and Federal Reserve easing threatens to further erode the value of the greenback.

The dollar has lost 86% of its purchasing power since 1971, according to U.S. government data, when President Richard Nixon ended the fixed convertibility of dollars to gold. Gold prices, meanwhile, have jumped from around $40 per ounce to $1,900 during this time.

With inflation running at its highest levels in four decades, Utah business owner Steve Allred is concerned about the declining purchasing power of the U.S. dollar.

04/26/2022

Fidelity enters the metaverse in search of young investors

Meta post: Fidelity Investments says "Hello" to the Metaverse.

Retail brokerage giant Fidelity Investments said on Thursday it opened a virtual eight-story building in the metaverse that offers financial education - and dancing - as it tries to attract more young investors to its platforms.

04/14/2022

Last-minute tax tips for U.S. crypto investors

According to the Pew Research Center, 16% of U.S. adults now say they have invested in, traded or otherwise used cryptocurrencies.

“For years people almost thought of this as play money, and haven’t been so diligent about reporting it,” says Kelly Phillips Erb, a tax attorney and publisher of the site taxgirl. “The IRS is super-serious about it now."

When accountant Zach Gordon gets calls from clients about how to handle cryptocurrency on their taxes, there is a common theme.

03/30/2022

Why the time is right to sell a home in the U.S.

For homeowners who have been hemming and hawing about whether to sell, it might be time to strike. In fact, the Realtor.com website has a very specific suggestion about when to list in the U.S.: The week of April 10-16.

Here are some tips for sellers.

For the past few years, Lee Adler kept track of the U.S. real estate market, and things just kept going up - and up.

03/22/2022

'Launching Financial Grownups' shows how to raise money-smart kids

There are a few reasons why launching our kids into the real world is so challenging. Often adults do not have their own financial house in order, so we lack the knowledge or tools to teach the next generation.

In addition, the last thing any teenager wants to do is patiently listen to, and learn from, parents.

And schools are not a big help, either. Money skills are now part of some curriculums, but the reality is personal finance often gets overlooked as a subject.

When it comes to passing money smarts to children, many parents know where to start.

03/15/2022

First-time U.S. home buyers feeling 'defeated' by high prices

Spring is the season for tulips, baseball and home sales in the U.S.

But as home prices soar, housing affordability is sinking to the lowest levels since 2008 and first-time buyers - who haven't benefited from rising home values and are also coping with rising rents - are being squeezed out.

First-time buyers accounted for 27% of existing home sales in January, according to the National Association of REALTORS®, near 2014 levels. With mortgage rates above 4%, around the highest in about three years, and expected to rise further, buyers on tight budgets may struggle even more to find homes they can afford.

Brianna Lombardozzi finally has her finances to a point where she might be able to buy a house. But she isn't feeling great about her odds.

03/01/2022

Ukraine crisis to hit consumer discretionary firms on supply chain woes | Reuters Video

In addition to energy security and the international payments system, the Ukraine crisis is already hitting the consumer discretionary sector, as it may soon feel the pinch from a further disruption to global supply chains. Amy Kong, CFA of Barrett Asset Management, LLC explains how.

In addition to energy security and the international payments system, the Ukraine crisis is already hitting the consumer discretionary sector, as it may soon feel the pinch from a further disruption to global supply chains. Amy Kong of Barrett Asset Management explains how.

02/18/2022

Analysis: As stocks swing, investors bet choppy markets are here to stay

After a turbulent start to the year, investors are betting stock market volatility isn’t going away anytime soon.

02/15/2022

Dealer's choice: How to buy a car now

Buying a car? Get ready for sticker shock.

Justin Soffer always enjoyed the car-buying process, with the typical back-and-forth negotiations that led to good discounts.

02/03/2022

How to invest for inflationary times

Low inflation had spoiled U.S. investors for so long that last year's sudden surge came as a shock.

01/28/2022

Conferences comeback faces climate challenge

COVID-19 may have transformed office life but it hasn't altered the conference circuit.

Event organizers are planning a return to in-person confabs as soon as the pandemic dissipates despite the environmental benefits of keeping things online https://reut.rs/3G2Dkao

The coronavirus may have transformed office life but it hasn't altered the conference circuit.

01/28/2022

Dozens of U.S. states say Apple stifles competition; back 'Fortnite' maker

Apple is stifling competition through its mobile app store, attorneys general for 34 U.S. states and the District of Columbia said, as they appealed against a ruling that let the iPhone maker continue some restrictive practices https://reut.rs/3IK8THP

Apple Inc is stifling competition through its mobile app store, attorneys general for 34 U.S. states and the District of Columbia said on Thursday, as they appealed against a ruling that let the iPhone maker continue some restrictive practices.

01/28/2022

Morning Bid: Transatlantic split

Morning Bid: After U.S. Q4 GDP came in at an annualized 6.9%, the highest since 1983, could Europe go one better?

France just posted data showing the economy in 2021 expanded at the strongest rate in 52 years at 7%.

Sweden too beat expectations at 6.4%. German economy contracted in the final quarter of 2021.

Here's a look at the day ahead from Sujata Rao https://reut.rs/3g3zx1V

A look at the day ahead from Sujata Rao.

01/27/2022

London is top global finance centre but lags in key areas, says study

London remains the top global financial center, according to a study from its own financial district, but is outgunned by New York and Singapore in access to talent, while Paris is adding competition from the European Union https://reut.rs/3o2q13w

London remains the top global financial centre, according to a study from its own financial district, but is outgunned by New York and Singapore in access to talent, while Paris is adding competition from the European Union.

01/27/2022

Egypt reforms prisons and highlights rights, in moves critics call hollow

Supporters of President Abdel Fattah al-Sisi say moves to improve jail conditions, alongside the creation of a five-year human rights strategy, reflect Egypt's growing confidence as it emerges from the twin threats of Islamist militancy and political upheaval https://reut.rs/3HmFJ1j

At a new correctional centre on the outskirts of Cairo, medical staff at a three-storey clinic stand next to pristine machinery. Female inmates exhibit artwork and knitting.

01/27/2022

Goodbye, Mr. Gradual, Hello Mr. Nimble: Fed Chair Powell tears up rate-hike script

Goodbye, Mr. Gradual, Hello Mr. Nimble: The watchword the last time Federal Reserve Chair Jerome Powell oversaw a rate-hiking cycle was 'gradual.' This time will be different https://reut.rs/3rVb04J

The watchword the last time Federal Reserve Chair Jerome Powell oversaw a rate-hiking cycle was "gradual."

01/27/2022

Fed likely to hike rates in March as Powell vows sustained inflation fight

The Federal Reserve said it is likely to hike interest rates in March and reaffirmed plans to end its bond purchases that month in what U.S. central bank chief Jerome Powell pledged will be a sustained battle to tame inflation https://reut.rs/3rULFIj

The Federal Reserve on Wednesday said it is likely to hike interest rates in March and reaffirmed plans to end its bond purchases that month in what U.S. central bank chief Jerome Powell pledged will be a sustained battle to tame inflation.

01/26/2022

Investors seek refuge in China as Fed, inflation roil other markets

Foreign investors are piling into China at the start of 2022, seeing it as a haven from the inflation, growth and pandemic problems plaguing most other markets https://reut.rs/3KKruoY

Foreign investors are piling into China at the start of 2022, seeing it as a haven from the inflation, growth and pandemic problems plaguing most other markets.

01/26/2022

Morning Bid: No time to waver, Chair Powell

Morning Bid: Some previous market tantrums over a looming tightening in policy made central bankers think twice about taking away hefty monetary support.

Yet, for the Federal Reserve, concluding a two-day meeting, things are now different.

Here's a look at the day ahead from Dhara Ranasinghe https://reut.rs/3H4YiXB

A look at the day ahead from Dhara Ranasinghe.

01/25/2022

Trump battled the Powell Fed's rate hikes. Biden's betting on them

Trump battled the Powell Fed's rate hikes and Biden's betting on them: So why the difference? Contrasting presidential styles aside, it comes down to one thing: inflation. Read more https://reut.rs/33K5ZEf

U.S. central bankers on Tuesday will open their first meeting of the year already in broad agreement that they need to raise interest rates soon, likely in March, to slow the economy.

01/25/2022

UAE inks deal with casino giant Wynn as Gulf state eyes gambling

Hotel and casino operator Wynn Resorts will build a luxury resort in Ras Al Khaimah in the United Arab Emirates with a 'gaming area,' potentially paving the way for gambling to be allowed in the Muslim Gulf state https://reut.rs/3AwiGy9

Hotel and casino operator Wynn Resorts will build a luxury resort in Ras Al Khaimah in the United Arab Emirates with a "gaming area", it said on Tuesday, potentially paving the way for gambling to be allowed in the Muslim Gulf state.

01/25/2022

Trump battled the Powell Fed's rate hikes. Biden's betting on them

U.S. central bankers will open their first meeting of the year already in broad agreement that they need to raise interest rates soon, likely in March, to slow the economy.

They are likely not to hear a peep about it from the White House https://reut.rs/3rHPMY0

U.S. central bankers on Tuesday will open their first meeting of the year already in broad agreement that they need to raise interest rates soon, likely in March, to slow the economy.

01/25/2022

Morning Bid: Buy the dip? Or pray for Fed put?

Morning Bid: Buy the dip?

Or pray for Fed put?

Clearly dip-buyers haven't entirely fled equity markets. Or was it a function of all those short Nasdaq positions, which suddenly found themselves in the money?

Here's a look at the day ahead from Sujata Rao https://reut.rs/3H3xZkC

A look at the day ahead from Sujata Rao.

01/24/2022

Crypto giant Binance kept weak money-laundering checks, documents show

'no kyc': Binance’s then global money laundering reporting officer said in a message that @cz_binance wanted no 'know-your-customer' checks on clients.

Reuters investigates how the #crypto giant kept weak compliance controls https://reut.rs/3rL8Pkj

In public, Binance said it welcomed government oversight. At the same time, the firm was withholding information from regulators, maintaining weak checks on customers and acting against its own compliance department’s recommendations, a Reuters investigation has found.

01/21/2022

The world’s largest crypto exchange in the spotlight: German federal police sought information from Binance last year about two men suspected of assisting an Islamist gunman who killed four people in Vienna in November 2020. The two men used Binance, police said in a letter https://reut.rs/3IgLjSO

01/21/2022

An opaque corporate structure enabled Binance, the world’s largest cryptocurrency exchange, to offer products that many national regulators don’t allow locally registered firms to sell. Reuters reveals how it has operated outside rules that govern traditional financial firms and many crypto rivals. https://reut.rs/3IqnwQl

01/21/2022

The world’s largest crypto exchange Binance acted against its own compliance department’s assessment by continuing to recruit customers in seven countries judged to be of 'extreme' money-laundering risk, an internal report seen by Reuters shows https://reut.rs/3tN6SWY

01/20/2022

Asian economies placed among emerging markets to face 2022 headwinds | Reuters Video

Following a dismal 2021, emerging economies now face headwinds that include rising rates and depleted government finances due to the pandemic. Marcelo Carvalho of BNL BNP Paribas explains why Asian economies may be better placed in 2022.

Following a dismal 2021, emerging economies now face headwinds that include rising rates and depleted government finances due to the pandemic. Marcelo Carvalho of BNP Paribas explains why Asian economies may be better placed heading into 2022.

01/20/2022

Morning Bid: "Moving in" (on stock market bargains)

Morning Bid: Wall Street, for the time being at least, appears set for a bounce, with Nasdaq futures up around 0.7%.

And yields on "safe" bonds from Germany and the United States are moving up again after a late-Wednesday pullback.

Reasons for the regular dip-buying are well-documented - abundant cash, negative inflation-adjusted rates, robust company earnings.

Here's a look at the day ahead from Sujata Rao https://reut.rs/35176PT

A look at the day ahead from Sujata Rao.

01/19/2022

EXCLUSIVE China drafts rules to give property developers more access to escrow funds - sources

Exclusive: China is drafting nationwide rules to make it easier for property developers to access pre-sale funds held in escrow accounts, in its latest move to ease a severe cash crunch in the embattled sector, sources said https://reut.rs/3tCrGjR

China is drafting nationwide rules to make it easier for property developers to access funds from sales still held in escrow accounts in its latest move to ease a severe cash crunch in the sector, four people with knowledge of the matter said.

01/19/2022

UK inflation hits near 30-year high, pressuring BoE and households

British consumer price inflation rose more than expected to 5.4% in December, its highest in almost 30 years, official data showed, putting pressure on the Bank of England to raise interest rates again next month https://reut.rs/3tDZYDr

Inflation in Britain rose faster than expected to a near 30-year high in December, intensifying a squeeze on living standards and putting pressure on the Bank of England to raise interest rates again.

01/19/2022

Morning Bid: Goldman Sachs adds another layer of stress

Morning Bid: Going overweight on banking stocks on tighter monetary policy is another common trade but that one backfired spectacularly when Goldman Sachs missed quarterly profit expectations and plunged 7% as rising expenses bit into its fourth quarter earnings.

Here's a look at the day ahead from Julien Ponthus https://reut.rs/3nDHkaO

A look at the day ahead from Julien Ponthus.