Hints and tips:
...The second-biggest cutter of 2023 was Wells Fargo, which this month revealed it had lowered its global headcount by 12,000 to 230,000....
...Coinsbee, based in Germany, says in its FAQ that it applies no KYC checks below €1,000 per transaction up to a total value of €10,000....
...Some of the world’s biggest banks — Morgan Stanley, Wells Fargo and Bank of America — are all reportedly lining up to get involved in bitcoin, too....
...On the other hand, emerging market central banks and sovereign wealth led by China, Russia and the Middle East are buying gold after the US sanctioned billions of dollars of Moscow’s reserves held in US...
...The stakes are just too high for someone with no pension provision losing a hard-earned £1,000 on a punt....
...The median income in the US is $70,000: they have a little bit left, but all the excess savings and all the support for consumer spending is today coming from the top 20 per cent of incomes....
...Plus, Mexicans living in the US sent home an astonishing amount of money last year. But not all of it is exactly what you would call clean....
...The search for alternatives is on. Foreign central banks are moving reserves to rival currencies, and buying gold at a record pace....
...There were 230,000 new applications for US unemployment aid in the week to August 19, down from 240,000 the previous week, but still a relatively robust reading. Economists expected no change....
...[MUSIC PLAYING] Sonja HutsonTesla is laying off 10 per cent of its global workforce. That’s roughly 14,000 jobs. This is the second round of major lay-offs in about two years....
...“The fastest pace of rate hikes in a generation has yet to fully quell activity in the service sector,” Wells Fargo analysts wrote on Wednesday, while noting that consumers could tighten their belts in the...
...I have no problem at all with some wants to go and have a punt on something, say even bitcoin if they wish, but it’s with a tiny amount of money. What’s the definition of tiny amount of money amount?...
...This is debt tied to borrowers who haven’t made any payments in the past three months. And it’s happening at JPMorgan Chase, Bank of America, Wells Fargo and Citigroup....
...Credit card fees averaged 2 to 4 per cent of the transaction amount. Visa and Mastercard, the two US titans that dominate card payments, have oligopolistic characteristics in our view....
...The European Central Bank, the Bank of England and others have followed suit....
...So we can probably say that 1GW is enough to power about 90,000 US homes per year under average conditions. Zero carbon Means that no carbon emissions are produced at all....
...So I was just reading a note from SocGen, the French bank. They slapped another $10 a barrel on top of their previous oil forecast on the back of the attempted attacks just the other day....
...George Parker Well, I thought it was a nice try and I thought Rishi Sunak did as well as he possibly could have done in that round of prime minister’s question time, given the amount of Liz Truss ammunition...
...At no point did they check up on what was going on — a quiescence the bank took to be a legitimation of Benjamin’s activities....
...Now, one thing that really sticks in my mind is, you know, during Covid when in the US, everyone got their stimulus checks, right? So OK, you can’t go to work. Here are your stimulus checks . . ....
...Well, you know, gold’s a half-decent option. If you’re the central bank, you’re not chasing returns. Robert ArmstrongIn a way, that’s a commentary on what crap non-dollar fiat currencies are....
...But the problem was the £26 monthly direct debit for the data plan was still coming out of Kalyan’s accounts, meaning he had paid more than £3,000 over the years for an iPad he no longer used....
...In the US the Federal Reserve plays a critical role in financial stabilisation as the lender of last resort....
...And the thing is, that’s just a tiny proportion of the actual amount that gets in. So the true size of the market, it’s much, much bigger, perhaps it’s over 1,000 tonnes a year, or maybe even more....
...On transfer, IHT is only payable above the tax-free amount (nil rate band) of £325,000 each....
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