Despite blockbuster earnings from giants such as Alphabet and Microsoft, layoffs continue to ripple through the tech industry.

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Update Trucking Apr 25 2024| Latest Trucking News and Updates | For Calls 408-272-5200 #trucking #truckdriver …

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stocks #inflation #YahooFinance #recession #bitcoin #Biden #Stockmarket #coronavirus #memestocks #Fed #YahooFinance …

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‘Permanent Distortion’ author Nomi Prins argues Fed policy is adversely affecting everyone on ‘Making Money.’ #foxbusiness #makingmoney

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FOX Business Network (FBN) is a financial news channel delivering real-time information across all platforms that impact both Main Street and Wall Street. Headquartered in New York – the business capital of the world – FBN launched in October 2007 and is one of the leading business networks on television, having topped CNBC in Business Day viewers for the second consecutive year in 2018. The network is available in nearly 80 million homes in all markets across the United States. Owned by FOX Corporation, FBN is a unit of FOX News Media and has bureaus in Chicago, Los Angeles, and Washington, D.C.

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Dion from Dion Talk is Narrator!!!
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TEACHABLE COURSES: Join the THOUSANDS of students changing their financial future with DAILY execution!
How to Get Started One Rental at a Time:
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JOIN HERE: https://bit.ly/3uDrkHq

Get Money Right: This course is about making you the CFO of your money. It shows you how choices can keep you poor or set you free. It highlights your Financial Health Score and provides a monthly budget to help you track spending.
JOIN HERE: https://bit.ly/3wbN9yr

MENTORING OPTION:
I built my courses to run without me but some folks find themselves in interesting situations and they want to ask questions directly. So after much thought I have created this option that includes one “30 Minute Mentoring” session that can be used at students request.
JOIN HERE: https://bit.ly/3hivsc5

FREE COURSE:
I put together a Free Course so people can get to know me a little more and have fun getting started with no cost.
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Local share market and Australian dollar were flat today after a strong session on wall street.
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Wells Fargo Investment Institute senior global equity strategist Scott Wren interprets recent Federal Reserve language to indicate there won’t be a rate hike at the bank’s next meeting. #FOXBusiness

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FOX Business Network (FBN) is a financial news channel delivering real-time information across all platforms that impact both Main Street and Wall Street. Headquartered in New York — the business capital of the world — FBN launched in October 2007 and is one of the leading business networks on television, having topped CNBC in Business Day viewers for the second consecutive year in 2018. The network is available in nearly 80 million homes in all markets across the United States. Owned by FOX Corporation, FBN is a unit of FOX News Media and has bureaus in Chicago, Los Angeles, and Washington, D.C.

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Sticky inflation, white-collar layoffs, and surging interest rates are all putting pressure on a certain type of American — higher-income earners.

‘What we normally see in an economic recession is that lower- and moderate-income households really bear the brunt of it in terms of job losses and financial hardships,” said Greg McBride, senior financial analyst at Bankrate.com. “We haven’t seen that.”

The stock market, a source of wealth for the rich, struggled in 2022. The S&P 500 sank more than 19%. The same year, 1.8 million Americans lost their millionaire status, according to UBS’ 2023 Global Wealth Survey. Despite the stock market’s summer rally in 2023, the U.S. economy faces several headwinds.

Bank of America’s Consumer Checkpoint Survey for September 2023 found that high-income households have become more pessimistic about the economy. The same group also appears more cautious about spending because of soft wage growth and job creation for high earners.

Watch the video above to find out more about how the so-called “richcession” could affect the entire economy.

Chapters:
0:00 — Introduction
01:30 — How did the ‘richcession’ happen?
02:56 — The wealth effect
05:26 — How is the luxury consumer holding up?
07:00 — The return of the millionaires?

Produced by: DeLon Thornton
Edited by: Evan Miller
Additional Camera: Kate Sammer, Sean Conlon, Brad Howard
Supervising Producer: Jeff Morganteen

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#CNBC

The Recession Has Finally Begun, But Only For America’s Rich

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Audible Version Here https://amzn.to/3jtLDTQ
OR
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Dion from Dion Talk is Narrator!!!
NOW ON AUDIBLE https://www.audible.com/pd/B0BDPSZW3Y/?source_code=AUDFPWS0223189MWT-BK-ACX0-322007&ref=acx_bty_BK_ACX0_322007_rh_us

INSTAGRAM: Please follow. Daily original content! https://www.instagram.com/onerentalatatime/

(MUST JOIN!) PRIVATE Facebook Group: One Rental at a Time Works
This is a VERY private group that is only available to my students of “How to Get Started One Rental at a Time” In the group, you will be around hundreds of other students all doing the work. Please introduce yourself when you join!
JOIN HERE: https://bit.ly/3tEQhRm

TEACHABLE COURSES: Join the THOUSANDS of students changing their financial future with DAILY execution!
How to Get Started One Rental at a Time:
This course is changing lives! Investors focus and do the daily work required to learn their market and only do GOOD Deals.
JOIN HERE: https://bit.ly/3uDrkHq

Get Money Right: This course is about making you the CFO of your money. It shows you how choices can keep you poor or set you free. It highlights your Financial Health Score and provides a monthly budget to help you track spending.
JOIN HERE: https://bit.ly/3wbN9yr

MENTORING OPTION:
I built my courses to run without me but some folks find themselves in interesting situations and they want to ask questions directly. So after much thought I have created this option that includes one “30 Minute Mentoring” session that can be used at students request.
JOIN HERE: https://bit.ly/3hivsc5

FREE COURSE:
I put together a Free Course so people can get to know me a little more and have fun getting started with no cost.
JOIN HERE: https://bit.ly/3hdMbgK

AUDIOBOOK: https://amzn.to/3jtLDTQ
PLEASE LEAVE 5 Stars!
*** Tag me on IG with a book selfie!

MERCH:
I have created some fun merchandise designed by my daughter.
Check out Merch Page here: https://one-rental-at-a-time.myshopify.com/

source