Author: IA PressRoom

Dear Quentin, My close friend of over 20 years recently lost a child under tragic circumstances, and in recent years has fallen on hard times. She announced she would be coming to visit, and since she hasn’t visited in years I was excited. My friend is 20 years older than me. She stayed a week, and I paid for everything. I suppose it could be summed up as “how to travel for free and get your friends to foot the bill.” She…

Inflation Threat to US Consumer Economy Looks a Bit Inflatedgetty Imagine, for a moment, that the following hypothetical headline described the current state of our economy: US in Recession: High Prices Drive Household Spending Down 1.2%. We can hypothetically assume that, under those conditions, the stock market would have crashed. Jobs would have been lost, consumers would be hunkered down, and retail bankruptcies would be flourishing. There would be plenty of economic pain to go around. Welcome to Germany as of this April. Federal officials there recently reported that the country’s GDP fell for the second quarter in a row,…

Sotheby’s has agreed to buy the Brutalist building owned by the Whitney Museum of American Art on the Upper East Side, in a deal that will finally move the auction house closer to the heart of the New York art market.The company, which was purchased by French billionaire Patrick Drahi in 2019 for $3.7bn, is acquiring the building in a deal worth roughly $100mn, according to two people with knowledge of the matter. Located at the corner of Madison Avenue and 75th Street, it was designed by Marcel Breuer and completed in 1966.Sotheby’s said it would keep its current headquarters,…

© Reuters. FILE PHOTO: Philadelphia Federal Reserve President Patrick Harker speaks with CNBC’s Steve Liesman (not pictured) after an interview in Jackson Hole, Wyoming, U.S., August 25, 2022. REUTERS/Ann Saphir/ By Ann Saphir (Reuters) – U.S. central bankers should not raise interest rates at their next meeting, Philadelphia Federal Reserve President Patrick Harker said on Thursday, even though high inflation is coming down at a “disappointingly slow” pace. “It’s time to at least hit the stop button for one meeting and see how it goes,” Harker said on a National Association for Business Economics webinar, referring to the Fed’s next…

© Reuters. FILE PHOTO: A Microsoft logo is seen a day after Microsoft Corp’s $26.2 billion purchase of LinkedIn Corp, in Los Angeles, California, U.S. June 14, 2016. REUTERS/Lucy Nicholson (Reuters) – Microsoft Corp (NASDAQ:) may spend billions of dollars over multiple years on computing infrastructure from start-up CoreWeave, CNBC reported on Thursday, citing people familiar with the matter. The Windows maker had signed the CoreWeave deal earlier this year in order to ensure that OpenAI, which operates the viral ChatGPT chatbot, will have adequate computing power, according to the report. Microsoft and CoreWeave did not immediately respond to Reuters’…

© Reuters. Investing.com — It’s the same script that plays out before each OPEC+ meeting and we’re seeing it again.  Crude prices rose as much as 4% Thursday, paring the 7% loss from three previous days of trading, as market participants braced for the possibility that OPEC+ would announce another output cut at its meeting this weekend — against bets for a stay.  And there’s possibly only one reason for that to happen: a disgruntled Saudi Arabia that wants to fight short-sellers and bring a barrel back to $80 or more as soon as possible.   It was one reason for…

In the dynamic world of cryptocurrency, the recent surge in Bitcoin’s trading volume, which reached a staggering $15 billion, has captured the attention of market observers. This substantial increase in trading activity raises questions about the involvement of whales, the influential players with significant holdings of Bitcoin. As the market eagerly anticipates the direction of Bitcoin’s price, let’s delve into the factors influencing this surge in trading volume and explore whether whales are actively buying, potentially signaling a bullish sentiment in the cryptocurrency market.Bitcoin’s “Sharks” and “Whales” Accumulate: On-Chain Data Reveals Investor BehaviorBitcoin’s on-chain analytics indicate that the “sharks” and “whales,” referring…

Former President Donald Trump tapped a new GOP operative to bolster his Iowa and New Hampshire campaign push while battling with chief rival Florida Gov. Ron DeSantis for the 2024 nomination. Eric Hollander, as the Trump campaign’s new national field director, is entrusted with leading operations in both of the early nominating states, Politico reported. He most recently helped Kentucky Attorney General Daniel Cameron secure a victory in that state’s gubernatorial primary. Hollander also drove successful campaigns securing Sen. Ted Budd, R-N.C., his seat in the November 2022 midterms as well as Sen. Ted Cruz, R-Texas, his re-election in 2018. DESANTIS SLIGHTS TRUMP DURING…

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Our experts answer readers’ student loan questions and write unbiased product reviews (here’s how we assess student loans). In some cases, we receive a commission from our partners; however, our opinions are our own. Student loans may allow people to bridge the gap between what they can afford for college and the overall cost of an education. If you’ve already used your “free money” (scholarship, grants, and your savings) to pay for college and still find that you’re unable to pay for school, a student loan could be a good option.When considering your options, federal student loans should always take…