The Guardian

Spot price increases to $2,531.60, with record run meaning standard gold bar is worth more than $1m

Gold prices hit record high amid prospect of US interest rate cuts

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Here's What Could Happen to CD Rates if the Fed Cuts Interest Rates Next Month

Goohoon Kwon Senior Asia Economist from Goldman Sachs talks through the various factors impacting the Bank of Korea's next rate decision.

Goldman Sachs: we expect Bank of Korea to cut rate in October to adjust to disinflation

The Motley Fool

The Federal Reserve is expected to gradually lower interest rates for the next couple of years. Learn what it could mean for your savings account.

What Will Savings Account Interest Rates Be in 2025? Here's What We Know

In 2021, I was 36 years old, and I had a big year. Thanks to the income streams that grew from my blog and podcast, I started making enough passive income to quit my 9-to-5. This financial freedom made me start to think about what other goals I wanted to achieve, starting with what I wanted from my environment.

My dream was to own a home in Puerto Rico—at 37, I bought an oceanfront condo: Take a look inside my 'slice of paradise'

In March 2022, the Federal Reserve embarked on one of its most aggressive rate-tightening cycles. Since then, markets have been jolted by several false hopes around an expected policy “pivot” to rate cuts. However, while the U.S. central bank has long since stopped its rate-hike spree and kept its benchmark steady for a year, a rate cut has been elusive.

1 Dividend Stock Yielding Over 5% to Buy Before the September Rate Cut

U.S. stock futures were little changed Monday night as traders braced for a potentially tough month ahead after a strong but volatile August. U.S. markets were closed Monday due to the Labor Day holiday. The major averages are coming off a winning session, securing a gain for the month. The...

Stock futures are little changed to kick off September trading: Live updates

Reuters

(Reuters) - Billionaire Warren Buffett's Berkshire Hathaway has once again cut its stake in Bank of America with a share sale worth roughly $845 million, a regulatory filing showed on Friday.

Billionaire Buffett again sells BofA shares worth about $845 million

On a national level, the U.S. offers few legal protections for its workers. The federal minimum wage has remained $7.25 per hour since 2009, for example, and, though there is federal protection for unpaid family leave for some workers, the country offers neither paid family nor paid sick leave. But...

The 5 best U.S. states for workers: 'In one of those states, you're going to be better off'

CBS News

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  Inflation has been higher than the 2% target rate for years now, forcing the Federal Reserve to raise interest rates — and keep them there. That's been a challenge for hopeful homebuyers or anyone else looking to borrow money at today's high rates, but for savers, it's been a boon.Changes might be coming, though.Recent reports show that inflation has been cooling rapidly over the last three months, and, in turn, the Fed has indicated rate cuts may be in...

CD interest rate forecast for fall 2024: Everything experts predict

Researchers from MIT published a paper showing the risk of dying on a commercial flight globally was 1 per 13.7 million passenger boardings from 2018 to 2022 — a big improvement from decade before, and far cry from the one death for every 350,000 boardings that occurred in 1968-1977.

Is flying less safe? A new MIT study shows how risks are changing

New York Post

David Solomon is sharpening the axe again. 

The Goldman Sachs CEO will slash more than 1,300 jobs as part of the bank’s ongoing review to cull poor performers, the Wall Street Journal reported on Friday

Goldman’s cuts will affect between 3% and 4% of Goldman’s 45,000-strong workforce, the Journal added, citing people familiar with the matter. 



The layoffs have already started and will continue through the fall, according to the Journal, under the bank’s annual review process known as “strategic resource assessment.”

911 workers in Washington, DC, are getting $800 bonuses — just for showing up

“Our annual talent reviews are normal, standard, and...

Goldman Sachs set to fire more than 1,300 employees, WSJ reports

Younger adults are showing a preference for the renting lifestyle, studies show, and not just because they are priced out of ownership. From cars to clothes and homes, experts weigh in on when it makes sense to buy vs. rent. Owning isn't always what it's cracked up to be. For...

The 'rent-first' lifestyle is catching on. From cars to clothes and even caskets, here's when it makes sense to buy vs. rent

South Korea's headline inflation for August eased to 2% form 2.6%, its lowest level on a year-on-year basis since March 2021. Mainland China's CSI 300 looks to hover near a seven-month low, according to futures. Asia-Pacific markets mostly climbed on Tuesday as investors assess South Korea's August inflation numbers, which...

Asia-Pacific markets mostly rise after South Korea's inflation rate hits 42-month low

Stocks fluctuated over the course of the trading session on Friday before eventually ending day sharply higher. The Dow closed higher for the fifth time in the past six sessions, reaching a new record closing high. The major averages reached new highs for the session going into the close of...

U.S. Stocks Fluctuate Before Closing Sharply Higher

Sunil Garg of Lighthouse Canton shares his outlook for e-commerce company PDD and compares China's banks sector to that of India and Korea's.

There is 'lack of confidence' in market on Chinese banks' balance sheets: Strategist

Money Week

With more interest rate cuts expected this year, we ask the experts which funds and investment trusts could benefit

Where to invest as interest rates fall

— This is the weekly script of CNBC's news report for China's CCTV on August 30, 2024. First, let's focus on the founder of the social media platform "Telegram," Durov. Recently, Durov has been in the spotlight due to being charged by the French authorities. The Paris prosecutors accuse him of running a platform that fosters criminal activities, including drug trafficking and the distribution of child sexual abuse material. However, Durov's lawyer has stated that Durov has no direct or indirect connection to the abusive behavior occurring on the social platform, arguing that holding the platform owner responsible for such actions is absurd.

CCTV Weekly Script 30/08/24

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writer

J. Souza

A recent TikTok video has gone viral, highlighting the strict drug policies enforced by Carnival Cruise Line. In the clip, a passenger named Gloria (@coppertoneqt) recounts an incident involving a drug-sniffing dog that detected illicit substances in a fellow traveler's luggage.

Cruise Passenger Warns of Strict Drug Policies: "Carnival is not playing with y’all"

(Reuters) -Goldman Sachs is planning to cut a few hundred jobs as part of an annual review process aimed at low performers, a person familiar with the matter told Reuters on Friday.

Goldman to lay off a few hundred employees in annual talent review, source says

NewsBreak

Goldman Sachs says India's central bank could start easing interest rates in December

Santanu Sengupta of the investment bank says...

Goldman Sachs says India's central bank could start easing interest rates in December

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