[ad_1] Inflation in the United States hit a record high in June 2022. Consumer prices soared by 9.1% compared with a year prior — the largest annual increase since 1981. While wages are rising, they’re not keeping up with inflation. Wage growth has been consistent with an inflation rate of …
Read More »Visa says Ryan McInerney will replace Al Kelly as its next CEO
[ad_1] Visa Thursday named Ryan McInerney as its next chief executive, replacing Alfred Kelly who will step down from the role, effective Feb. 1, 2023. McInerney has been president at Visa since 2013, overseeing the firm’s financial institutions, acquirers, merchants and partners. He previously worked as CEO for consumer banking …
Read More »Bank earnings watched for clues on slowing economy after Dimon’s warning
[ad_1] Big American banks have mostly resisted bulking up loan loss reserves this year as the financial health of consumers and corporations has held up despite mounting recession concerns. That may be about to change as industry giants including JPMorgan Chase and Citigroup report third-quarter results Friday, giving investors the …
Read More »Here’s how uber-rich pass wealth tax-free to heirs during down markets
[ad_1] Brand New Images | Stone | Getty Images A lousy stock market is often no reason for investors to cheer. But for the uber-rich, it may offer a route to lower estate taxes down the road. That’s because one type of trust gives them better odds of shifting some …
Read More »How to protect your finances from natural disasters like Hurricane Ian
[ad_1] Tap emergency resources Reach out to the Federal Emergency Management Agency, Disaster Assistance Improvement Program and the American Red Cross, as well as state and local governments, for emergency assistance. You may also find help in your community. “Disasters bring people together,” McClanahan said. “People are really good at …
Read More »American homebuyers find UK bargains, discounted by a weaker pound
[ad_1] Street in Chelsea district, London Alexander Spatari | Moment | Getty Images American homebuyers are searching for bargains in the U.K., as a weaker pound contributes to double-digit price cuts. The fall in the British currency, which is off 17.5% against the U.S. dollar year to date, has made …
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