Maand: maart 2023

Will the banking crisis cause a recession? It may depend on the ‘wealth effect,’ economist says

Personal finance
When it comes to the U.S. economy, confidence is key. But the banking crisis has threatened to upset how most people feel about their financial picture. “The bank problems are probably making a lot of people think twice,” said Diana Furchtgott-Roth, an economics professor at George Washington University and former chief economist at the U.S. Department of
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Mortgage giant Fannie Mae tackles climate risk, but changes to underwriting may take several years

Real Estate
Global warming has already caused irreversible damage to the earth’s ecosystems and communities, according to a critical report just issued from the United Nations Intergovernmental Panel on Climate Change. The damage is extending to the U.S. housing market, which just saw unprecedented snow and flooding in California, as well as unusual winter tornados in the
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XRP cryptocurrency jumps as investors hope Ripple will win legal battle with the SEC

Finance
In this article XRP.CM= Follow your favorite stocksCREATE FREE ACCOUNT A visual representation of the digital cryptocurrency, XRP. S3studio | Getty Images The XRP cryptocurrency soared on Wednesday as investors grew hopeful that Ripple, a company closely associated with the token, would win its prolonged legal battle with the U.S. Securities and Exchange Commission. The
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Finland is the world’s happiest country. Now it’s giving away free trips to show travelers why

Wealth
Finland has been named the happiest country in the world — again. The Nordic country topped the “World Happiness Report 2023,” published this week by the United Nations Sustainable Development Solutions Network, which measures factors such as income, mental and physical health and societal generosity. According to the report: “Finland continues to occupy the top
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Social media can be a ‘messy place,’ says advisor. Here’s how to vet online financial advice

Advisors
In the era of social media influencers, some investors are turning to platforms like YouTube, TikTok and Instagram for answers to their most pressing financial concerns. But advisors recommend scrutiny when seeking guidance online — especially when weighing money decisions with the possibility of harmful consequences. “Because social media is democratized and everybody has a
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Biden used first veto to save a 401(k) investment rule. Here’s what it does

Personal finance
Photographer: Samuel Corum/Bloomberg via Getty Images President Joe Biden used his first veto to preserve a recent U.S. Department of Labor rule about investment choice in 401(k) and other workplace retirement plans. The regulation, which took effect in January, applies to so-called “environmental, social and governance” funds. These ESG investments — also known as sustainable
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