Category: Personal Finance

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6 Important Things To Know Before Buying A Stock

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When it comes to investing, there are a lot of things to consider. But before you even think about buying a stock, there are some essential things you need to know. By understanding the basics, you’ll be in a much better position to make informed investment decisions and hopefully, earn some healthy profits along the way. So, whether  you’re a complete beginner or simply need a refresher, here are six important things to know before buying a stock:

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New Jersey-based Biopharmaceutical Company CFO Indicted For Insider Trading

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A former chief financial officer of a New Jersey biotechnology company has been indicted for insider trading after allegedly giving his girlfriend nonpublic information about clinical trial results for a new breast cancer drug.

the staff of the Ridgewood blog

Newark NJ,  the former chief financial officer for a biopharmaceutical company was indicted today for his role in an insider trading scheme, U.S. Attorney Philip R. Sellinger announced.

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SEC Nearly Doubles Size of Enforcement’s Crypto Assets and Cyber Unit

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the staff of the Ridgewood blog

Washington DC, .The Securities and Exchange Commission today announced the allocation of 20 additional positions to the unit responsible for protecting investors in crypto markets and from cyber-related threats. The newly renamed Crypto Assets and Cyber Unit (formerly known as the Cyber Unit) in the Division of Enforcement will grow to 50 dedicated positions.

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The Economy added 428,000 Jobs in April, Unemployment Rate Remains Steady at 3.6%

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labor force participation rate, at 62.2 percent, and the employment-population ratio, at 60.0 percent

the staff of the Ridgewood blog

Washington DC, total nonfarm payroll employment increased by 428,000 in April, and the unemployment rate was unchanged at 3.6 percent, the U.S. Bureau of Labor Statistics reported today. Job growth was widespread, led by gains in leisure and hospitality, in manufacturing, and in transportation and warehousing.

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The Fed Wakes Up Raises its Benchmark Interest Rate by Half a Percentage Point

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the staff of the Ridgewood blog

Washington DC, on Wednesday  the Federal Reserve raised its benchmark interest rate by half a percentage point, the most aggressive step yet in its fight against a 40-year high in inflation. In remarks after the Federal Open Market Committee voted to raise its key interest rate by 50-basis points for the first time since 2000, Powell rebuffed any suggestion that a mega-sized, 75-basis point increase is on the table at future meetings. The S&P 500 rose 3% following his comments, the biggest jump since May 2020.

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Broad Reach Capital Mastermind of $100 Million Securities Fraud Scheme Gets Prison

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the staff of the Ridgewood blog

Newark NJ, an investment fund manager was sentenced today to 109 months in prison for orchestrating a $100 million securities fraud scheme, U.S. Attorney Philip R. Sellinger announced.

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Morgan Stanley Steps Up with $25.5 billion for Musk Twitter Takeover

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the staff of the Ridgewood blog

Ridgewood NJ, Elon Musk has laid out how he will fund the $46.5 billion purchase of Twitter. Musk will receive loans from Morgan Stanley worth $25.5 billion and cover the remaining $21 billion with his own funds. While Musk is the richest person on the planet, most of his net worth is tied up in Tesla stock. Twitter has not formally responded to Musk’s offer, but the company’s board of directors has approved measures to block the hostile takeover.

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6 Things You Didn’t Know About Crypto

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Cryptocurrency has revolutionized the way people transfer money around the world. Nevertheless, cryptocurrency is widely misunderstood. Most people think it’s Bitcoin or Ethereum, but there’s a lot more to learn about cryptocurrency. In fact, there are now thousands of cryptocurrencies out there. This post will help you understand what it is and why it is so widely used.

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Americans Run Out of Excuses to Not Having a Will With the Rise of Online Wills

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No one likes to think about death, but it’s something that we all have to face at some point. And when that time comes, it’s essential to ensure your loved ones are taken care of. That’s why it’s so important to have a will to be sure your wishes are carried out after you’re gone. But for many Americans, making a will is easier said than done. They don’t know where to start, think it’s too expensive, or are afraid of the process.

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Largest Increase Ever Recorded: Producer Prices Jump 11.2% from a year ago in March

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the staff of the Ridgewood blog

The Producer Price Index for final demand increased 1.4 percent in March, seasonally adjusted, the U.S. Bureau of Labor Statistics reported today. This rise followed advances of 0.9 percent in
February and 1.2 percent in January.  On an unadjusted basis, final demand prices moved up 11.2 percent for the 12 months ended in March, the largest increase since 12-month data
were first calculated in November 2010.

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The Consumer Price Index Rose 8.5%, the largest 12-month increase since December 1981

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the staff of the Ridgewood blog

Ridgewood NJ, the Consumer Price Index for All Urban Consumers (CPI-U) increased 1.2 percent in March on a seasonally adjusted basis after rising 0.8 percent in February,
the U.S. Bureau of Labor Statistics reported today. Over the last 12 months, the all items index increased 8.5 percent before seasonal adjustment.

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CNBC Poll : 81% of Respondents Believe a Recession is Likely to Happen this Year

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the staff of the Ridgewood blog

Ridgewood NJ, as previously reported on the Ridgewood blog ,the Consumer Price Index surged 7.9% in February . Prices are going up on everything from the food you put on the table to the gas that powers your car.

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The Great Resignation & the Leadership Failures that Drive Good Employees Away

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the staff of the Ridgewood blog

Ridgewood NJ, since early 2021, the Great Resignation has and continues to cause havoc in the employment world. Leaders world-wide are grappling with understanding what’s fueling it, and why millions of workers are making a mass exodus.  Research suggests that people are rethinking their careers, their long-lasting job dissatisfaction, preferring the flexibility that remote work allows and desiring a better work-life balance. More than ever, employers need to think smart and ensure that their work environment appeals to the post-Covid generation of workers.  Additionally, business leaders need to recognize some of the fundamental leadership failures that drive good employees away.

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Data Suggests Inflation Pressures Are Sending Recessionary Signals

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the staff of the Ridgewood blog

Ridgewood NJ, inflation is now at 7.9% – a 40-year high, according to government figures. Clearly the categories of gas, food, and housing, it’s considerably higher.

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