Category: Personal Finance

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Consumer Price Index Falls 1% , Suggesting Further Deceleration in Inflation

Fed Chairman Jerome Powell2

raising hopes for FED engineered “soft landing” 

the staff of the Ridgewood blog

Washington DC, (8:33 am) the Consumer Price Index for All Urban Consumers (CPI-U) declined 0.1 percent in December on a seasonally adjusted basis, after increasing 0.1 percent in November, the U.S. Bureau of Labor Statistics reported today. Over the last 12 months, the all items index increased 6.5 percent before seasonal adjustment. The index for gasoline was by far the largest contributor to the monthly all items decrease, more than offsetting increases in shelter indexes.

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Gold: The Quintessential Investment for the Future

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Gold has been a symbol of wealth and power for centuries, and its investment potential is unparalleled. As an investor, you may be wondering why gold remains the quintessential choice when it comes to building your long-term portfolio. The answer is simple: Gold offers stability and security in times of economic uncertainty. From the dawn of civilization to the modern day, gold has consistently proven itself as a dependable asset that can help protect investors from market volatility. It also holds a unique position within financial markets due to its scarcity; no matter how much money is printed or how many stocks are bought and sold, there will always remain only so much gold on Earth. This makes it particularly attractive for those seeking to build their retirement savings or hedge against inflationary pressures over time.

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Prince Dykes awards $40k in stocks and books to children through Wesley Learns book club drive

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Wesley Learns Book Club is the only literacy program driven to incentivize children in becoming first-time shareholders of stocks
the staff of the Ridgewood blog
Waynesboro GA, Global Children’s Financial Literacy Foundation (GCFL) Co-Founders and Navy veterans, Prince Dykes and Chadrick Davis, launch a kid’s book club that awards $30,000 worth of stocks and books. GCFL Co-founders newest initiative drive focusing on the emergence of practical financial habits beginning in the earlier childhood stage. Based on a children’s financial literacy book series Wesley Learns, inspired by Prince Dykes to teach his son Wesley; the book club program emboldens kids to read financial books that will help develop and strengthen their investment acumen. It requires participants to read three (3) books: Wesley Learns about Credit, Wesley Learns to Invest, and Wesley Learns about Insurance. Upon completion of the program, participants are awarded the opportunity to receive stock options.

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Monmouth County Man Gets 63 Months for $2.8 Million Securities Fraud Scheme

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the staff of the Ridgewood blog

Red Bank NJ, a Monmouth County, man was sentenced to 63 months in prison for committing securities fraud to obtain over $2.8 million from victim investors, U.S. Attorney Philip R. Sellinger announced today.

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Layoffs make Headlines but Companies have Been on a Hiring Spree

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the staff of the Ridgewood blog

Ridgewood NJ, While Amazon, Salesforce and other giants across technology and finance have combined to fire tens of thousands of workers, small and medium-size US businesses have been on a hiring spree. So much so that, according to new data, overall hiring far exceeded expectations in December while applications for jobless benefits fell to a three-month low.

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Hoboken Trader Charged by SEC along with Seven other Social Media Influencers in $100 Million Pump and Dump Scheme

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the staff of the Ridgewood blog

Hoboken NJ,  the Securities and Exchange Commission today announced charges against eight individuals in a $100 million securities fraud scheme in which they used the social media platforms Twitter and Discord to manipulate exchange-traded stocks.

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The Federal Reserve Hikes Rates a 1/2 Point

Fed Chairman Jerome Powell2

the staff of the Ridgewood blog

Washington DC, the Board of Governors of the Federal Reserve System voted unanimously to approve a 1/2 percentage point increase in the primary credit rate to 4.5 percent, effective December 15, 2022.

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How To Smartly Invest In Precious Metals: A Helpful Guide

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Gold, silver, and other precious metals have been used as a form of currency and investment for centuries. Many people are interested in investing in these metals, but they may not know how to get started. In this article, we will provide a helpful guide on how to invest in precious metals. We will discuss why it is important to invest in these metals, and we will also provide some tips on how to get started. So if you are interested in learning more about precious metal investments, read on!

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Inflation Decelerates to 7.1% in November

With increase in food prices food stamp benefits have also been increased 4218644380

Inflation continues to slow but prices are  still doubling every 10.14 years

the staff of the Ridgewood blog

Washington DC, (8:34am) the Consumer Price Index for All Urban Consumers (CPI-U) rose 0.1 percent in November on a seasonally adjusted basis, after increasing 0.4 percent in October, the U.S. Bureau of Labor Statistics reported today. Over the last 12 months, the all items index increased 7.1 percent before seasonal adjustment. The index for shelter was by far the largest contributor to the monthly all items increase, more than offsetting decreases in energy indexes. The food index increased 0.5 percent over the month with the food at home index also rising 0.5 percent.

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New Jersey Pension Funds at Risk as the 10 largest ESG funds by assets have all posted double-digit losses in 2022

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the staff of the Ridgewood blog

Ridgewood NJ, several decades of stock market evidence that social-investment funds typically underperform the market.

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NJ Bureau of Securities Issues Order to Halt Internet Sales of Fraudulent and Unregistered Cannabis Securities

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the staff of the Ridgewood blog

NJ,  Attorney General Matthew J. Platkin announced that the NJ Bureau of Securities (“Bureau”) took action today to halt an online entity from fraudulently offering unregistered securities in the form of investment packages related to various forms of marijuana and marijuana products.

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How to avoid a failed startup

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We discuss with experts what problems startups face and what a university graduate should do to avoid them. 

Whether you have the idea of developing betting apps for Android and iOS or other entertainment, you will find our tips helpful. 

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Job Growth Beats Expectations and Unemployment Rate Holds Steady, Labor Force Participation Rate Unchanged

the staff of the Ridgewood blog

Washington DC, (12/02/22 8:33am) total nonfarm payroll employment increased by 263,000 in November, and the unemployment rate was unchanged at 3.7 percent, the U.S. Bureau of Labor Statistics reported today. Notable job gains occurred in leisure and hospitality, health care, and government. Employment declined in retail trade and in transportation and warehousing.

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Stockton Poll Finds Inflation Taking Some of the Cheer Out of Holiday Spending and Travel

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the staff of the Ridgewood blog

Galloway NJ, Inflation is making the holidays a bit less merry, as many in New Jersey are cutting back on gift-giving or seasonal travel, according to a Stockton University Poll released Monday.

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What Are The Criteria For Choosing A Good Business Partner?

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When looking for a business partner, there are many factors to consider. A good business partner can help your business grow and be successful, while the wrong partnership can lead to disaster. So, what are the key factors you should look for when choosing a partner? Read on to find out.

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