Finance

Fitch Downgrades U.S. Credit Rating to AA+ from AAA, Citing Fiscal Deterioration and High Debt Burden Fitch Ratings downgraded the United States’ long-term credit rating to AA+ from AAA on Tuesday, citing expected fiscal deterioration over the next three years as well as a high and growing general government debt burden. Fitch Downgrades U.S. Credit Rating The downgrade is a …

Seattle, WA (August 1, 2023) – Starbucks Corporation (NASDAQ: SBUX) today announced record quarterly revenue of $7.3 billion, driven by strong growth in China. The coffee giant’s revenue rose 19% in the second quarter, compared to the same period last year. Same-store sales in China increased 24%, the highest quarterly growth rate in the company’s history. Starbucks has more than …

August 1, 2023.  Advanced Micro Devices (AMD) reported a revenue decline of 18% in the second quarter of 2023, worse than analysts’ expectations. The chipmaker’s revenue came in at $5.36 billion, down from $6.57 billion in the same quarter last year. The PC market, which is AMD’s largest market, continued to struggle in the second quarter. Shipments of personal computers …

Europe Heatwave Likely to Worsen Global Food Crisis A heatwave in Europe is threatening to worsen the global food crisis, as it could lead to crop failures and livestock deaths. The heatwave has been causing record-breaking temperatures across the continent, with some countries experiencing temperatures as high as 45 degrees Celsius. This has led to drought conditions in many areas, …

US Fed Raises Interest Rates to 20-Year High The Federal Reserve raised interest rates by 75 basis points on Wednesday, the largest increase since 1994, in an effort to combat inflation. The move nudged the federal funds rate to a range of 5.25% to 5.5%, the highest level in 22 years. The Fed also said that it expects to continue …

How to Invest for Beginners: An In-depth Guide to Kickstart Your Investment Journey Your road to financial freedom begins here! “How to Invest for Beginners” is a comprehensive guide to help you take your first steps into the world of investing. Outline: Heading Subheading Understanding the Basics of Investment – Introduction to Investment – Types of Investments – Understanding Risk …

Master the Art of Money Management: How to Create a Budget Managing your finances should not feel like climbing a steep hill. Understanding how to create a budget can revolutionize your financial outlook and provide you with the tools to live comfortably within your means. In this comprehensive guide, we’ll journey through a step-by-step process of creating a budget, demystifying …

Demystifying Car Accident Insurance Car accidents can be a life-altering event, often resulting in significant emotional, physical, and financial stress. Understanding car accident insurance is crucial for navigating the aftermath of an accident, ensuring you’re adequately covered, and minimizing out-of-pocket expenses. This comprehensive guide will break down the complexities of car accident insurance, providing clear and detailed insights into coverage …

In the bustling world of travel, ensuring you have the right travel insurance isn’t just a necessity—it’s your peace of mind wrapped up in a smart travel plan. The key to unlocking affordable travel insurance isn’t just about finding a bargain but aligning the coverage perfectly with your trip’s needs. Drawing on insights from Forbes Advisor, who listed budget-friendly cheap …

An investment should be thought of as a means to an end. At its basic level, an investment is there to provide money to support the lifestyle you want. But just determining a dollar amount isn’t enough for each of your investments. Something you also want to consider when planning out your investment strategy is how it will affect your …