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Opinion: Household wealth plummets by $13.5 trillion, second-worst drop on record

Opinion: Household wealth plummets by $13.5 trillion, second-worst drop on record

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US households lost an estimated $6.8 trillion in wealth in the first three quarters of 2022 as the SPX stock market, -0.73% DJIA, -0.90% COMP, -0.70% has lost more than 25% of its value, the Federal Reserve reported Friday in the government’s quarterly financial accounts. Nominal net worth fell 4.6% to $143.3 trillion, as the …

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Mature woman is checking her finances at home.

It’s time to take stock of your personal finances in 5 points at the end of the year

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Money / Financial Planning Eva Katalin/Getty Images It seems the older you get, the faster the holiday season sneaks up on you. While that may mean happy get-togethers and festive cocktails, the end of the year also signals that it’s time to do some financial cleaning. Looking back: 2022 in review Retire at any age: …

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Mature woman is checking her finances at home.

It’s time to take stock of your personal finances in 5 points at the end of the year

Leave a Comment / Personal finance / By

Money / Financial Planning Eva Katalin/Getty Images It seems the older you get, the faster the holiday season sneaks up on you. While that may mean happy get-togethers and festive cocktails, the end of the year also signals that it’s time to do some financial cleaning. Looking back: 2022 in review Retire at any age: …

It’s time to take stock of your personal finances in 5 points at the end of the year Read More »

Gold and silver hit hard by profit taking, bearish outside markets

Gold and silver hit hard by profit taking, bearish outside markets

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Editor’s Note: With such volatility in the markets, stay up to date with daily news! Get our quick roundup of today’s must-see news and expert opinion in minutes. Register here! (Kitco News) – Gold and silver prices are down sharply Monday midday in the U.S. after hitting multi-month highs overnight. Metals are being hit by …

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Is the worst over for bitcoin and the rest of crypto? | CNN Business

Is the worst over for bitcoin and the rest of crypto? | CNN Business

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A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber ? You can register here. New York CNN Business — The collapse of FTX has sent the price of bitcoin and other cryptocurrencies plummeting by more than 60% this year…and the carnage has spread to publicly traded companies …

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Is money a weapon to control your spouse? This financial abuse can destroy your marriage.

Is money a weapon to control your spouse? This financial abuse can destroy your marriage.

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Progress has been slow, but American society’s openness to marriage norms and money issues continues to evolve. Married couples now include the LGBTQ+ community and 38% of breadwinners are women. I share this because gender norms are becoming less normal, which actually means no one is immune to the possibility of a spouse using money …

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Asian markets fall as China protests and lockdowns cloud outlook

Asian markets fall as China protests and lockdowns cloud outlook

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BANGKOK — Stocks skidded in Asia on Monday, with Hong Kong briefly falling more than 4% following weekend protests in various cities against China’s strict zero-COVID lockdowns. U.S. futures were down after a mixed and shortened session Friday on Wall Street. Oil prices fell more than $2 a barrel. The unrest in China is the …

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Why is everything so expensive? Blame dynamic pricing.

Why is everything so expensive? Blame dynamic pricing.

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Why is everything so expensive? Blame dynamic pricing. Oh sure, you can blame other factors, like inflation and supply chain issues, but if high prices were a murder victim, dynamic pricing would be considered one of the main suspects. What is dynamic pricing? Dynamic pricing is a pricing and profit strategy that companies use to …

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