Business Update – September 21, 2022
Welcome back to our Weekly Digest. Read on for the latest updates and some ideas to help us all move forward.
How another interest rate hike could affect you
The Federal Reserve is set to hike rates by another 0.75 percentage points at its meeting this week. CNBC breaks down how it could affect you here.
The role of the CFO is changing
While in the past the job of a Chief Financial Officer was mainly to track value, today’s professionals need to drive value – with tech-savviness and a simplified operations strategy, and by guiding their company through supply chain issues and volatile market conditions.
The dollar may be about to go down in value
Evercore ISI’s chief equity and quantitative strategist Julian Emmanuel breaks down why he thinks the Fed will drag the dollar lower sooner than many people think.
Housing market continues to slow down
Rising interest rates and high inflation have forced a slowdown in the housing market. It is the ninth straight month that homebuilder sentiment has declined, and it is at its lowest point since the beginning of the COVID-19 pandemic.
Stocks slide ahead of Federal Reserve policy meeting
The markets had a weak opening on Monday, ahead of the Fed’s anticipated rate hike. The Dow Jones, S&P 500, and Nasdaq all slid.
Financial literacy levels aren’t great among Gen Z – or any other generation for that matter
A recent financial literacy study by the TIAA institute and the Global Financial Literacy Center showed that Gen Z scored the lowest in answering finance-related questions correctly at 43%. The combined Baby Boomer and Silent Generation group scored the highest. However, they only answered a paltry 55% of questions correctly.
Volkswagen hopes for $75.1 billion valuation for Porsche IPO
The price would make it one of the largest European public offerings to date. The luxury carmaker is set to hit the Frankfurt stock exchange later this month.
Frugal is the new cool for the younger generation in China
While most millennials in China imagined a future with new cars, bigger apartments, and lush vacations, an interesting shift has taken place in the wake of the COVID-19 pandemic. Many younger Chinese are now embracing a lifestyle of minimalism and frugality.
Crypto falls ahead of anticipated rate hike
Bitcoin and Ether both crashed as the markets opened this week. The poor performance comes as investors turned shy in advance of the US Federal Reserve’s anticipated rate hike later this week.
What does a $2 million retirement look like in America?
The Wall Street Journal caught up with four retirees who saved enough for comfortable retirements – between $2 and $4. A breakdown of how they spend their days can be found here.
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