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10 votes
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Portugal’s bid to attract foreign money backfires as rental market goes ‘crazy’
45 votes -
Every generator is a policy failure
21 votes -
Mastercard move at cannabis shops intensifies call for US decriminalization
42 votes -
US tax code blamed as wealthy see major retirement account gains
44 votes -
Autoenshittification: How the computer killed capitalism
83 votes -
Mapping the ownership network of Canada’s billionaire families
26 votes -
US GDP grew at a 2.4% pace in the second quarter, topping expectations despite recession calls
31 votes -
How the ultrawealthy use private foundations to bank millions in tax deductions while giving the public little in return
37 votes -
US auto loan rejections hit record high as consumer credit standards tighten
29 votes -
What the data says about food stamps in the US
10 votes -
Teamsters in the USA win historic UPS contract, with zero concessions
87 votes -
If futures contracts/exchanges were outlawed, would anything of value be lost in the global economy?
Like other derivatives, futures seem like they are basically gambling for the wealthy more than real investment. What am I missing?
22 votes -
How do you keep track of expenses/budget?
I used to be happy paying $45/year for YNAB (grandfathered plan). But then "lol no, $90/year" happened and I started looking into alternatives. I tried out a bunch but none felt the same....
I used to be happy paying $45/year for YNAB (grandfathered plan). But then "lol no, $90/year" happened and I started looking into alternatives. I tried out a bunch but none felt the same. Eventually I found Actual (open-source). I've been using it for ~6 months now and it offers everything I want/need. I self-host the container on my PC (no sync/etc.).
39 votes -
US Federal Reserve Board announces a consent order and a $268.5 million fine with UBS Group AG, of Zurich, Switzerland, for misconduct by Credit Suisse, which UBS subsequently acquired in June 2023
11 votes -
Small business owners who got bought out, care to share your experiences?
We’re a small, boutique tech consulting firm and we are being approached increasingly frequently by M&A companies. Just wondering what others’ experiences are and things that would be good to know.
24 votes -
New US merger guidelines released this week - 60-day window for public comment
17 votes -
US Federal Reserve announces that its new system for instant payments, the FedNow Service, is now live
46 votes -
What's your retirement plan?
Are you planning on working until you're 60+? Or maybe selling it all and living in a rural area? Buying stocks or ETFs? Or something else? So what's your retirement plan? At what age do you want...
Are you planning on working until you're 60+?
Or maybe selling it all and living in a rural area?
Buying stocks or ETFs?
Or something else?
So what's your retirement plan? At what age do you want to retire and how are you working towards this goal?
53 votes -
How does mutual fund pricing work when selling?
A very newbie question to which I'm having a hard time finding a clear answer (and I don't want to read a dissertation on how the stock market works). I'm planning to sell my FZROX (FIDELITY ZERO...
A very newbie question to which I'm having a hard time finding a clear answer (and I don't want to read a dissertation on how the stock market works).
I'm planning to sell my FZROX (FIDELITY ZERO TOTAL MARKET INDEX FUND) shares.
Fidelity states "This trade will be completed at the next available price.".Does this mean the estimated value could be much lower than it currently is when it "sells"?
e.g. Currently priced at $10,000 when I put in the order to sell, but sold on next pricing when value drops to $7,000 because market.
9 votes -
Türkiye is heading for a classic currency crisis. All of its reserves and then some are borrowed.
28 votes -
Finality does not exist in payments
10 votes -
San Francisco’s downtown becomes a wake-up call for other cities in the US
60 votes -
What crypto wallets get wrong
3 votes -
Credit Suisse inquiry will keep files secret for fifty years, says report
12 votes -
Pay raises in the US are finally beating inflation after two years of falling behind
13 votes -
Funding dramatically slows for India's startup sector
9 votes -
Americans turning to installment apps Klarna, Affirm to buy groceries
50 votes -
Why does market fundamentalism have so much clout in economics?
There's a couple of other words that describe what I'm talking about - neoliberalism, lassez-faire capitalism, and in a more general sense, the Chicago school of economics - but I chose market...
There's a couple of other words that describe what I'm talking about - neoliberalism, lassez-faire capitalism, and in a more general sense, the Chicago school of economics - but I chose market fundamentalism because it seemed to best describe precisely what I'm talking about. I mean the belief that the market is capable of self-regulation and that governmental intervention will cause damage to the economy.
I'm asking this because there's still a lot about economics that I don't know about and so I was hoping someone with a background in the subject who would be able to better answer the question. But I realize it's probably also a political question. I wonder if it's more of an issue of our politicians pressing these views than economists and academics.
Personally, with my life's experience, it seems almost obviously wrong. I've lived through several market downturns and even a crash, and looking through history it seems like every market crash can be attributed to the market failing to correct itself.
21 votes -
The kingdom of Bhutan has been quietly mining Bitcoin for years
7 votes -
Scale AI co-founder says the FIRE movement inspired her to live ‘very cheaply’ on McDonald’s and free flights until she made $10 million
11 votes -
Drexel and alumni increased the importance of private credit
3 votes -
Bank transfers as a payment method (2021)
11 votes -
US June CPI comes in at 0.2% MoM and 3% YoY, below the 3.1% forecast
30 votes -
The trillion-dollar grift: Inside the greatest scam of all time
26 votes -
Shifting trade patterns see Mexico become biggest exporter to US
19 votes -
Tax prep companies shared private taxpayer data with Google and Meta for years, congressional probe finds
45 votes -
Tides, State Street, GVA Investments, Rise 48, ZMR Capital and Nitya Capital facing problems with real estate investments
4 votes -
Centre for Economic Policy Research - The impact of Brexit on the UK economy - reviewing evidence
10 votes -
International Monetary Fund calls on Indonesia to lift mineral export ban
https://asiatimes.com/2023/07/indonesias-mineral-export-bans-face-hot-global-fire/ JAKARTA – Indonesia is under rising fire at the World Trade Organization and by the International Monetary Fund...
https://asiatimes.com/2023/07/indonesias-mineral-export-bans-face-hot-global-fire/
JAKARTA – Indonesia is under rising fire at the World Trade Organization and by the International Monetary Fund (IMF) for the government’s seemingly haphazard policy of banning mineral ore exports, a market intervention Jakarta insists is just and necessary to maximize its economic and industrial growth.
In a sharply worded statement accompanying its 2022 country report, the IMF called for Indonesia to phase out the restrictions and not extend them to other commodities. “The increasing use of trade measures and industrial policies may destabilize the multilateral trade system,” the IMF said.
9 votes -
Stocks in a class action window
So, if I have stocks that were purchased during the class window of a class action lawsuit, is it okay for me to sell them? It's not a large amount of money at stake here, but it'd also be nice to...
So, if I have stocks that were purchased during the class window of a class action lawsuit, is it okay for me to sell them?
It's not a large amount of money at stake here, but it'd also be nice to be able to recoup some of the losses I had due to the misleading information that caused me to buy the stock and ive filled out the forms but they didnt say anything about future actions just asked when i bought or sold any at the time of the suit. I am not sure if it's okay to sell them or if I should hold them.
Any one have recommendations? This is US stock exchange, and if I did sell they'd be at a loss and I have sold other stocks at profit so I would be looking at capturing the losses on my taxes.
3 votes -
Term deposits — are they worth it? At what point are they worth it?
Now, rationally, I suspect the answer is "Of course!". But I'm looking for general advice, if my fellow Tildesians would be so kind. This question has arisen while investigating opening a Monzo...
Now, rationally, I suspect the answer is "Of course!". But I'm looking for general advice, if my fellow Tildesians would be so kind.
This question has arisen while investigating opening a Monzo account. Apparently, you can lock away some money for 12 months and get 5.3% AER interest on it - meaning for every, say, £1,000 I put in, I get £50 back, right?
My question: is that really worth it, in the grand scheme of things? Even if I put in £10,000, I'd be locking myself out of that much money for a grand total of £500. I understand that's a lot to some people (even me), but it hardly seems worth it.
Perhaps there's something I'm missing. Perhaps some bad maths on my part or some other type of interest that I don't know about. All advice is welcome and appreciated!
21 votes -
‘Distributed validator technology’ marks last key milestone in Ethereum’s current era
6 votes -
How are y'all dealing with inflation?
Everywhere I turn everything is more expensive. I'm spending less and less every month on non-necessities, buying more basic foods, never eating out, spending less on entertainment, etc but...
Everywhere I turn everything is more expensive.
I'm spending less and less every month on non-necessities, buying more basic foods, never eating out, spending less on entertainment, etc but everything else just keeps going up and up.
Electricity just went up 12%, my gas bill is up 20%, rent has gone up 10% year after year, water is somehow 30% more expensive than it used to be, my groceries are more expensive than ever even though I'm buying in bulk and not buying anything fancy, I've stopped eating luxuries I used to enjoy like steak and fancy cheese because they've just gotten outrageous.
I have a good job that pays decently but my raises have been less than 3% a year and I feel like I'm getting squeezed out of everything I once had. There's no light at the end of the tunnel is there?
101 votes -
Judge delays rollout of New York's delivery worker minimum wage law
20 votes -
Does the "inflation due to wage growth" narrative hold water?
I've started to notice this narrative in my news feeds. The argument is high wage growth is contributing to stubborn inflation. So cooling wage growth is seen as positive. It'll help central banks...
I've started to notice this narrative in my news feeds. The argument is high wage growth is contributing to stubborn inflation. So cooling wage growth is seen as positive. It'll help central banks pause the hike cycle sooner.
My knee jerk reaction is if wage growth is contributing to inflation it's minuscule; just enough to print the headline. I can't help but feel this narrative is a way to distract from the earlier price gouging narrative and to help employers scapegoat out of raises.
But I'll admit, I haven't looked into this topic deeply. So I'm happy to be schooled.
52 votes -
Minneapolis and Honolulu see local inflation levels fall below national goal
20 votes -
Report - The increasing return of legal child labor to the US economy
Child labor is making a comeback with a vengeance. A striking number of lawmakers are undertaking concerted efforts to weaken or repeal statutes that have long prevented (or at least seriously...
Child labor is making a comeback with a vengeance. A striking number of lawmakers are undertaking concerted efforts to weaken or repeal statutes that have long prevented (or at least seriously inhibited) the possibility of exploiting children.
Take a breath and consider this: the number of kids at work in the U.S. increased by 37% between 2015 and 2022. During the last two years, 14 states have either introduced or enacted legislation rolling back regulations that governed the number of hours children can be employed, lowered the restrictions on dangerous work, and legalized subminimum wages for youths.
Iowa now allows those as young as 14 to work in industrial laundries. At age 16, they can take jobs in roofing, construction, excavation, and demolition and can operate power-driven machinery. Fourteen-year-olds can now even work night shifts and once they hit 15 can join assembly lines. All of this was, of course, prohibited not so long ago.
Legislators offer fatuous justifications for such incursions into long-settled practice. Working, they tell us, will get kids off their computers or video games or away from the TV. Or it will strip the government of the power to dictate what children can and can’t do, leaving parents in control — a claim already transformed into fantasy by efforts to strip away protective legislation and permit 14-year-old kids to work without formal parental permission.
In 2014, the Cato Institute, a right-wing think tank, published “A Case Against Child Labor Prohibitions,” arguing that such laws stifled opportunity for poor — and especially Black — children. The Foundation for Government Accountability, a think tank funded by a range of wealthy conservative donors including the DeVos family, has spearheaded efforts to weaken child-labor laws, and Americans for Prosperity, the billionaire Koch brothers’ foundation, has joined in.
Here is a Robert Frost poem related to the subject of the article. https://www.poetryfoundation.org/poems/53087/out-out
I'm GenX and I worked as a teen, but my earliest jobs were babysitting, not industrial labor.
54 votes -
The delinquency rate of US Commercial Mortgage-Backed Securities (CMBS) backed by office properties jumped to 4.5% by loan balance in June
22 votes -
BlackRock CEO, Larry Fink just called Bitcoin 'digital gold' and an 'international asset'
21 votes