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Financial News Around the World

Warren Buffett’s portrait, complete with his autograph, just sold for over $75,000 at a charity auction

Billionaire Warren Buffett’s autographed portrait from art tech company Motiva was auctioned off on eBay this week, with proceeds going to nonprofit Girls Inc.

Published 31 August 2022
Categorised as Finance News

Despite recession fears, most 401(k) investors haven’t changed their portfolios. Here’s what advisors suggest

Despite recession worries, only 5% of 401(k) and 403(b) investors shifted their asset allocations during the second quarter of 2022. Here’s what to know.

Published 31 August 2022
Categorised as Finance News

Identity scams are at an all-time high. Here are ways to protect yourself

Identity scams reached an all-time high in 2021 and remain elevated this year. There are some concrete ways consumers can avoid fraud.

Published 31 August 2022
Categorised as Finance News

Who wants to be a billionaire? 6 in 10 Americans strive to be mega-wealthy, report finds

Six in 10 adults want to become a billionaire one day, according to a recent report. But as the wealth gap widens, there’s also resentment toward the mega-rich.

Published 31 August 2022
Categorised as Finance News

Stocks making the biggest moves midday: Bed Bath & Beyond, Express, Snap, Rocket Lab and more

These are the stocks posting the largest moves in midday trading.

Published 31 August 2022
Categorised as Finance News

Fintech firm Klarna’s losses triple after aggressive U.S. expansion and mass layoffs

The firm, which allows users to spread the cost of purchases over interest-free installments, saw a jump in operating expenses and defaults.

Published 31 August 2022
Categorised as Finance News

Kevin O’Leary on his worst ‘Shark Tank’ investment ever: ‘I lost half a million dollars’

Kevin O’Leary, a star investor on ABC’s “Shark Tank,” says he learned to always trust his gut after sinking $500,000 into a telecom startup that “went to zero.”

Published 31 August 2022
Categorised as Finance News

Private payrolls grew by just 132,000 in August, ADP says in reworked jobs report

Private payrolls grew by just 132,000 for the month, a deceleration from the 270,000 gain in July, the firm said in its monthly payroll report.

Published 31 August 2022
Categorised as Finance News

Fed’s Mester sees benchmark rate above 4% and no cuts at least through 2023

Cleveland Fed President Loretta Mester said she sees rates rising considerably higher before the central bank can ease off in its fight against inflation.

Published 31 August 2022
Categorised as Finance News

Stocks making the biggest moves premarket: Designer Brands, Express, Chewy and more

These are the stocks posting the largest moves before the bell.

Published 31 August 2022
Categorised as Finance News

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