Economics is the study of how people use resources to satisfy their needs and wants. It includes the study of how people allocate their time, energy, and money to produce, consume, and exchange goods and services. Economics also looks at how economies work and how they are affected by changes in government policy, technology, and other factors.
Then why does this matter to me? You might ask. Well it all boils down to personal finance. If you have decided to improve your finances and increase your future income or your savings, then this should interest you. In order to take better decisions regarding investing and your personal economy, you should read up and learn as much as possible about the events that might impact the economy. Whether it has an impact on your personal economy or the companies you invest in or the nation’s economy.
Birkenstock is going public
German shoe manufacturer Birkenstock, known for producing foot-friendly sandals, has filed for an initial public offering (IPO) in the United States. This marks the second major European company to choose a U.S. listing over Europe just in September. In the first six months of this year, Birkenstock saw a 19 percent increase in revenue to…
Online prices in the USA fell for the twelfth consecutive month – Adobe
U.S. online prices decreased by 3.2 percent on a year-over-year basis in August. On a month-to-month basis, prices increased by 0.4 percent. Prices have now declined for twelve consecutive months, according to the Adobe Digital Price Index (DPI), compiled by Adobe Analytics. Prices are currently at their lowest level in 40 months. More than half…
El-Erian doesn’t believe in a rate cut from the Fed next year
Mohamed El-Erian, who serves as the Chief Economic Advisor at the German financial giant Allianz, does not believe that the Federal Reserve will cut interest rates early next year. He stated this in an interview with CNBC. “I don’t think it will happen,” said the financial veteran. El-Erian further mentioned that it is likely that…
Apple’s new iPhone didn’t manage to boost the stock
The tech giant Apple saw a decline in its stock price after unveiling several new products during its event on Tuesday, including the new iPhone 15. The stock ended the day 1.7 percent lower. In addition to the new iPhone 15 and iPhone 15 Plus, Apple also introduced a new Apple Watch made up of…
The ABC of Personal Finance
In personal finance, the ABCs are asset allocation, budgeting, and credit management.
Asset allocation is the process of dividing your assets among different investments to achieve your financial goals. There are three main asset classes: stocks, bonds, and cash. Each has different characteristics and risk levels.
Budgeting is creating a plan to track your income and expenses. It’s important to live within your means and save for both short-term and long-term goals.
Credit management is using credit wisely. This includes things like paying your bills on time, maintaining a good credit score, and not borrowing more than you can afford to repay.
Investing in Tech Stocks
Technology stocks are a broad category of stocks that relate to the research, development and/or production of technological goods and services. The sector includes computer hardware and software, semiconductors, telecommunications equipment, the internet and other technology-related products. Historically, the technology sector has been a high-growth industry. The sector has outperformed the broader market in 11…
Why Diversifying Your Investments is Important for Achieving Financial Goals
Achieving financial goals is important for everyone, but especially for those who are nearing retirement. Diversifying one’s investments is one of the most important keys to success. There are a number of reasons why diversifying your investments is so important. First, by spreading your money across a number of different investments, you are less likely…
The ABC of Investing
Investing can be a confusing and intimidating topic for many people. However, it doesn’t have to be! It can also be quite fun and exciting.
What is investing? Investing is simply putting your money into something with the expectation of earning a return on your investment. For example, you might invest in stocks, bonds, or real estate. Why invest? There are two main reasons to invest: to grow your wealth over time, and to generate income. Growing your wealth means that you’ll have more money saved up for retirement or other future goals. And generating income from investments can help you reach your financial goals sooner.