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Steve Pfost | Newsday | Getty Images Amid higher interest rates and a softening housing market, home buyers are continuing to back out of purchase contracts at an elevated rate. About 64,000 home-purchase agreements were canceled in August, according to a new report from Redfin. That’s equal to 15.2% of home contracts initiated during the
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Small businesses are more concerned about inflation than ever before, with 90% sharing that they fear the impact of inflation on their business, according to a new report.  The quarterly MetLife and U.S. Chamber of Commerce Small Business Index revealed that half of respondents think inflation is currently the biggest challenge for small businesses, and
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JGI/Jamie Grill When the Federal Reserve hiked the target federal funds rate by another 0.75 percentage points this month, it opened some new opportunities for savers to earn better returns on their cash. The Fed’s move is aimed at combating high inflation, which has sent costs for housing, food and energy soaring. related investing news
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Right Networks, a vertical cloud service provider, announced that, after celebrating a major milestone of 250,000 subscribers, it has named Michael Bird as the company’s first president and Will Yapp as its chief revenue officer. Both will begin their new roles immediately. … SkyStem, which makes automated month-end close and account reconciliation software, released a
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In this article TRU Follow your favorite stocksCREATE FREE ACCOUNT After years of cheap money, it’s suddenly a lot more expensive to borrow. The Federal Reserve has raised its benchmark short-term rate 3 percentage points since March in an effort to curb unrelenting inflation, including another big hike earlier this week. “Interest rates are going up at the
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Madison Litwin The Massachusetts Society of CPAs, in partnership with the Association of International Certified Professional Accountants Women’s Initiatives Executive Committee, announced the seven honorees of the 2022 Women to Watch Awards. In the Emerging Leaders category: Madison Litwin, tax manager, private client services group, KLR; Kayla Ducharme, senior associate, audit asset management practice, KPMG; Marni Kaufman, senior
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sturti The possibility of a looming recession is prompting fresh worries for both professional and everyday investors. More than half of Americans — 56% — think the country is already in a recession, according to a recent survey from MassMutual. Meanwhile, 49% of respondents said they think there will likely be a recession next year,
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If you buy something through our links, we may earn money from our affiliate partners. Learn more. In the past, studio lighting was for professional photographers and videographers. Now, photography lighting kits are used by content creators, product photography, online conferencing, and, of course, taking pictures and videos. Lighting equipment can get very expensive, but
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In this article WIX Follow your favorite stocksCREATE FREE ACCOUNT Marco Vdm | E+ | Getty Images Company: Wix.com (WIX) Business: Wix.com is an Israeli information technology company that develops and markets a cloud-based platform that enables users to create a website or web application. Their platform consists of three web creation products, each with
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The Securities and Exchange Commission’s Investor Advisory Committee released a set of recommendations for reforming the way the Financial Accounting Standards Board operates so it can be more responsive to the needs of investors. “In recent years, investors have increasingly voiced concerns that accounting standard-setting has not kept pace with the evolution of the sources