Wall Street has ended sharply lower on worries that the Federal Reserve's aggressive fight against inflation could hobble the US economy, and as investors fretted about a rout in global currency and debt markets.With tech-related heavyweights Tesla Inc, Apple Inc and Nvidia Corp all slumping, the Nasdaq sank to near its lowest level of 2022, set in mid-June.
As the cost of living increases many Australians are cutting back on expenses, and streaming TV subscriptions like Netflix are often the first things to go. But does this short-term sacrifice pay off financially in the long term?
Premier Investment shares have soared to a four-month high after the Smiggle, Just Jeans and Peter Alexander brand owner announced an almost five per cent rise in full-year profit and a share buyback of up to $50 million.2m in statutory net profit after tax in the 12 months to July 30, up 4.
Wall Street has ended sharply higher following its recent sell-off, helped by falling Treasury yields, while Apple dropped on concerns about demand for iPhones.The strong gains came after the S&P; 500 on Tuesday closed at its lowest since late 2020, dragging US stocks further into bear market territory.
Interest rates are rising, rents are going up and the cost of living is the highest it’s been since the 1990’s. So, if you don’t already have a budget in place it might be time to put one together. Making a budget can be tedious, or even overwhelming but it can really help you feel more on top of your finances and hopefully save some money too.
An emergency fund is a great way to cover those unexpected costs that crop up because life can be unexpected. You might lose your job, your car might need repairs or you might get hit with a big dental or medical bill. But despite the best of intentions 1 in 5 Australians say they don’t have any emergency savings to fall back on at all. So how do you build an emergency fund - and how much should you aim to save? In a perfect world experts say that you should have 6 months salary stashed away, but if this just isn’t realistic for you - then set something that is - after all something is better than nothing.