Retailers ask Visa and MasterCard to raise fees that could make inflation worse

Last month, the two credit card companies combined some of their exchange rates, or the fees merchants pay with each credit or debit card transaction. These so-called “withdrawal fees” are then paid to the card-issuing bank but are largely invisible to the consumer. However, some retailers claim that the additional fees will force them to … Read more

New Zealand distributes additional funds to combat the “inflation storm” | Health, medicine and fitness

By Nick Perry – The Associated Press Wellington, New Zealand (AFP) – The New Zealand government said Thursday it will distribute a few hundred extra dollars to more than two million low-income adults to help them navigate what it describes as the “peak of a global inflation storm”. The payments are part of a package … Read more

Explainer: Why is Wall Street so close to a bear market?

New York (AFP) – Bears are heading towards Wall Street. This year’s stock market slump has pushed the S&P 500 index close to what’s known as a bear market. High interest rates, high inflation, the war in Ukraine and a slowing Chinese economy have caused investors to reconsider the prices they are willing to pay … Read more

Biden’s burdens are increasing: the global economic slowdown increases the problems of the United States | Health, medicine and fitness

By Josh Bock – The Associated Press Washington (AFP) – As President Joe Biden sets off for Asia Thursday, he faces a new danger at home for the economy and his Democratic Party: The global slowdown caused by the Russian invasion Ukraine and Chinese lockdown pandemic Cities and factories. The global economy cannot throw the … Read more

You must know what “financial stage” you are in

picture: stock struggle (stock struggle) You may have experienced monthly or yearly fluctuations in your budget and spending (or weekly; Hey, inflation). Sometimes it can feel like you’re holding on to your dear life. But if you’re thinking about a big, long-term picture of your financial well-being, there is an overall structure to help you … Read more