Hints and tips:
...The biggest US banks believe American consumers have weathered the Federal Reserve’s cycle of interest rate rises in good shape, but a new poll shows Joe Biden is getting no credit ahead of November’s election...
...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....
...when I could be earning a better savings rate if I take it to one of the other, you know, 4, 000 banks in the 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....
...Nokia’s third-quarter sales fell 20 per cent before currency impacts. The Finnish group announced up to 14,000 job cuts. Swedish rival Ericsson is also up to its knees in organic fertiliser....
...And some of the biggest things they ended up doing, like the independence of the Bank of England, they didn't talk about at all....
...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....
...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....
...Nearly 3,000 Financial Times readers have trusted us with their bonus secrets in our annual anonymous survey....
...Lauren Sparks, chief executive of Agility Bank, a small lender in Houston, said Michael Hsu, the acting head of the Office of the Comptroller of the Currency, referred her to Citi last year....
...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?...
...“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...
...The search for alternatives is on. Foreign central banks are moving reserves to rival currencies, and buying gold at a record pace....
...The biggest, single contribution last year was a $20,000,500 donation from Robert Bigelow, the founder of Budget Suites of America, to never back down the Ron DeSantis super PAC....
...Royal Bank of Canada has what amount to a classier take on Moron Risk Premium, except the risk is now Mo-netary instead of Mo-ron: 10yr gilts currently yield around 130bp over the average of 10yr Bunds...
...well in Asia....
...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...
...Joshua Franklin I would say of the big banks, Citi certainly looks like the weakest in the US. The returns are the poorest. And the strategy is more uncertain than in any other of the large US banks....
...I mean, I would say this about people who work for like your bank or your lender as well, is like they’re also human beings and, you know, probably talk to people in this position all the time....
...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....
...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....
...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 . . ....
...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....
International Edition