Opinion: It’s time to prepare for a recession

Editor’s note: Lakshman Akuthan and Anirvan Banerjee are co-founders of the Economic Cycle Research Institute (ECRI). The opinions expressed in this comment are their own. The economy is about to enter a recession, perhaps as soon as this year. To avoid a major financial hit, Americans will need to prepare. Last summer, we wrote that … Read more

Substack drops fundraising efforts as market falters

Substack, the newsletter platform that attracted prominent writers with their promise to make money from their relationships with readers, has abandoned fundraising efforts after the venture investment market slowed in recent months, according to people familiar with the decision. Substack has had discussions with potential investors in recent months about raising $75 million to $100 … Read more

Energy Secretary says, Biden is obsessed with lowering gas prices, but his power is limited

Granholm told CNN on Tuesday after a rare tour of Strategic Petroleum ReserveEmergency oil stocks in the country. “The president doesn’t control the price,” the former Michigan governor said during the interview at GE’s wind turbine facility in New Orleans. Granholm was speaking hours after touring Bayou Chocteau, One of the four major oil storage … Read more

Official VMware Takeover from Broadcom. Why is the stock market not excited?

font size Portable version of the VMware web page on the smartphone. Yuri Cherenkov / Dreamstime.com from Broadcom On Thursday, it said it had reached an agreement to buy a cloud computing company VMware for about $61 billion. If completed, the acquisition would be one of the largest of the year to date, beating Elon … Read more

How to Make More Green in Your Next Yard Sale | Smart Change: Personal Finance

Liz Weston, CFP® A successful yard sale involves hours of preparation and a lot of hard work. Also a failed sale. I’ve had both and can say with confidence that the money-making version is the best. If you’re ready to take advantage of the warmer weather and the opportunity to retreat, consider these tips from … Read more

Sanctions confront the Russian economy with a consumer shortage crisis

Placeholder while loading article actions Due to Western sanctions, Russia is beginning to shift to a second-hand economy dependent on poor alternatives, with shortages evoking memories of the consumer wasteland that was the Soviet Union. While it may be able to find new suppliers of some Western-made goods and components in friendly countries like China … Read more

Market rallies based on Fed signals; Twitter Pops Up Musk Movement, Nvidia Drops Direction | daily business investor

Dow futures were little changed Thursday morning, along with S&P 500 futures and Nasdaq futures. nvidia (NVDA) headline earnings after the close, while Twitter (TWTR) was active overnight as Elon Musk boosted acquisition financing. X An attempt to rally the stock market made solid gains on Wednesday after the Federal Reserve’s meeting minutes from early … Read more

Mortgage and Refinancing Rates Today: May 26, 2022

After some slight volatility Last week, mortgage rates were trending lower this week. The 30-year fixed rate mortgage has been holding below 5% for several days now. Recent price swings have a lot to do with the uncertainty in the larger economy. The Federal Reserve Taming record high inflation by raising interest rates, many experts … Read more

How early stage startups can adapt to the new venture capital landscape

Benchmark Bill Gurley chirp In April 2022, “an entire generation of tech entrepreneurs and investors built their entire views on valuation during the second half of this amazing 13-year bull market movement.” With venture capitalists raising bigger and bigger money, startup founders are getting used to some key performance indicators (KPIs) put together by venture … Read more

Russia says before UN talks in Moscow, talk to Ukraine about ports, not us

A shipyard worker watches how barley grain is mechanically poured into a 40,000-ton vessel at the cargo terminal of a Ukrainian agricultural exporter in the southern Ukrainian city of Nikolaev on July 9, 2013. REUTERS/Vincent Mundy/File Photo Register now to get free unlimited access to Reuters.com Register UNITED NATIONS (Reuters) – Russia’s ambassador to the … Read more