Home » Archives for support@rmgdigitalsolutions.com

support@rmgdigitalsolutions.com

Fed’s Inflation Fight Gets a Boost Amid the Wall Street Rout

Beneath the latest global market disruptions are clues that the Federal Reserve is making slow but sure progress in its bid to curb the excesses of this inflation-addled business cycle.  Ever-tightening financial conditions and the draining of stock-market froth suggest Wall Street is taking the Fed’s hawkish stance seriously, a development that should eventually help cool the… Read More »Fed’s Inflation Fight Gets a Boost Amid the Wall Street Rout

Fed minutes point to more rate hikes that go further than the market anticipates

KEY POINTS Fed minutes released Wednesday indicated that officials are prepared to move ahead with multiple 50 basis points interest rate increases. In addition, the Federal Open Market Committee said policy may have to move past “neutral” and into “restrictive” territory. The minutes indicate that members are hopeful they can bring down inflation, but also… Read More »Fed minutes point to more rate hikes that go further than the market anticipates

IRS interest rates increase for the third quarter of 2022

WASHINGTON — The Internal Revenue Service today announced that interest rates will increase for the calendar quarter beginning July 1, 2022. The rates will be: 5% for overpayments (4% in the case of a corporation). 2.5% for the portion of a corporate overpayment exceeding $10,000. 5% for underpayments. 7% for large corporate underpayments.  Under the… Read More »IRS interest rates increase for the third quarter of 2022

The Market Minute: Halfway Through 2022 And The Outlook For SPACs And IPOs Isn’t Good

We’re nearing the end of the second quarter of the year, and it’s been unpleasant to say the least. Inflation, rising interest rates, and the war in Ukraine have caused a lot of volatility in the stock market, with the S&P 500 dipping into bear market territory last week. While last year was a record… Read More »The Market Minute: Halfway Through 2022 And The Outlook For SPACs And IPOs Isn’t Good

Sequoia Latest To Issue Warning Shot To Founders

Another week, another message to startups that the good times are dead. This time the message comes directly from the original authors of R.I.P. Good Times in 2008—Sequoia Capital. The venture giant—known for investments in tech titans such as Apple, Uber, and Google—shared a 52-slide presentation with 250 founders on May 16 over Zoom that warned of a “crucible moment” of uncertainty for… Read More »Sequoia Latest To Issue Warning Shot To Founders

Fed embraces 50-basis-point rate hikes in June, and July to curb ‘very high’ inflation

All participants at the Federal Reserve’s May 3-4 policy meeting backed a half-percentage-point rate increase to combat inflation they agreed had become a key threat to the economy’s performance and was at risk of racing higher without action by the U.S. central bank, minutes of the session showed on Wednesday. This month’s 50-basis-point hike in… Read More »Fed embraces 50-basis-point rate hikes in June, and July to curb ‘very high’ inflation

Walmart is expanding its drone deliveries to reach 4 million households

Walmart announced on Tuesday that it’s planning on expanding thenumber of stores that offer drone-delivered packages; by the end ofthe year, it hopes to fly deliveries from 34 sites across Arizona,Arkansas, Florida, Texas, Utah, and Virginia. The company says theexpansion will give up to 4 million households access to the service,which is a significant increase.… Read More »Walmart is expanding its drone deliveries to reach 4 million households

A Comfortable Retirement Appears Out of Reach for Most Americans

American workers say it will take $1.1 million on average to retirecomfortably — but less than one in four-figure they’ll be able to savethat much. Just 22% of people approaching retirement age said they’ll have enoughmoney to maintain a comfortable standard of living, according to the2022 Schroders US Retirement Survey, down from 26% a year… Read More »A Comfortable Retirement Appears Out of Reach for Most Americans

Education is Key: 3 Financial Lessons for Retirees Nearing Retirement

When it comes to retirement planning, educating yourself can keep youfrom making big mistakes. Here are three key lessons that everyonepreparing for their golden years should know. Do you feel like you know enough about money to get by? A newlyreleased survey by the TIAA Institute shows that people of all agesand experience levels could… Read More »Education is Key: 3 Financial Lessons for Retirees Nearing Retirement