Philanthropy Grants

As central bankers’ hawkish messaging fueled fears of a deeper economic downturn, investors withdrew billions of dollars from U.S. equity funds over the past week. According to strategists at BofA Global Research, citing EPFR Global data in their weekly report, U.S. stock funds recorded their largest weekly outflow in 11 weeks from September 7. The exodus was largely from technology stocks, which booked withdrawals of $1.8 billion. The data showed that the materials and financial sectors witnessed outflows of $1.4 million. Meanwhile, global equity funds saw outflows of $14.5 billion, with $5.5 billion withdrawn from exchange-traded funds. Government and treasury bonds gained $6.1 billion in the past three weeks. According to BofA Global strategists led by Michael Hartnett, chief investment strategist, the inflow to stocks between the November 2020 and February 2022 period has already ended, and there have been no net inflows to stocks over the past six months. “Bonds hate inflation, equities hate recession, and risk sentiment is appalling,” wrote the analysts. 

On Thursday, Federal Reserve Chair Powell said the central bank remained strongly committed to fighting inflation and that politics or other distractions wouldn’t deter it. “I can also assure you that we never take into consideration external political considerations,” Powell said. The hawkish stance has been echoed by many senior Fed officials this week. On Friday, Fed Governor Christopher Waller said they might have to raise the benchmark interest rate “well above 4%” if inflation does not moderate or rises further this year. U.S. stocks finished sharply higher on Friday, notching weekly gains after three consecutive weeks of losses. The S&P 500 SPX, +1.53% gained 61.18 points, or 1.5%, to finish at 4,067.36. The Dow Jones Industrial Average DJIA, +1.19%, advanced 377.19 points, or 1.2%, ending at 32,151.71. The Nasdaq Composite COMP, +2.11% rose 250.18, or 2.1%, to 12,112.31.

In response to new guidance from federal health officials, Goldman Sachs said Tuesday it would lift all Covid-19 requirements in most offices beginning September 6. According to a memo received by CNBC on Tuesday, the bank will no longer require its employees to be vaccinated or wear face coverings when entering its offices. The policy covers most offices, except those in Lima and New York City. The memo states that unvaccinated employees in New York City are still required to obtain a religious or medical exemption to enter the bank’s offices. According to Goldman, the policy reflects updated guidance from the Centers for Disease Control and Prevention, which no longer distinguishes vaccinated people from those who are not. Additionally, the company stated that treatments, testing, and vaccinations had reduced the likelihood of severe illness from Covid-19.

According to the memo, the bank intends to continue its contact tracing efforts but will cease distributing free antigen test kits at its offices by the end of 2022. However, employees who purchase tests may be able to obtain reimbursement through their insurance policy. The latest developments in the pandemic have resulted in companies adapting their protocols. The majority of workers are also working to return in person to their workplaces after more than two years of lockdowns. Goldman’s memo didn’t specifically mention its return to office policy. The bank first asked employees to return to the office in June 2021. There was a brief pause of this policy amid an omicron surge during the winter. The company reported to CNBC in May that 50% and 60% of its employees had returned to work. In the Tuesday memo, Goldman encouraged employees who have not come into the office regularly to speak with their managers to ensure they conform to “current return to office expectations.”

There is no doubt that any assistance that can be provided to someone who wishes to study is critical to their success, which is why grants and scholarships are such an important means of assisting individuals who choose to pursue studies and research in an academic setting.

• Grants play an important and unique role in the life of a young graduate, contributing to the student’s success. They are also viewed as a viable option for those who wish to study while working. It is critical to develop a clear project that outlines the significance of receiving the grants and the potential contributions that could be made once it is done.
• Grants provide equal opportunities for all students by covering educational costs such as school supplies, transportation, and housing for students from other communities; they also eliminate or reduce factors that affect studies, such as the need to work and time that should be spent doing homework or studying.
• Grants play an important role in the education of students who want to continue their university studies but lack the essential tools or resources. Grants are also a type of remuneration for exceptional academic performance, which keeps students motivated to continue their education in the classroom and avoid dropping out.
• Getting a grant makes the desire to continue your education financially feasible. It gives students access to knowledge, technology, and even foreign cultures; it gives them independence and freedom to overcome their fears and biases, demonstrating that nothing is truly impossible.
• Students that obtain grants stand out for their dedication to their chosen field and aptitudes in that field. A person’s vocation is linked to their desire, satisfaction, and personal appraisal of a job or employment.
• Innovation. Grants provide access to high-quality education that fosters creativity, competitiveness, productivity, and social responsibility.
• Grants allow for the creation of projects that ultimately develop the world. Grants bring together like minds to work on groundbreaking projects by providing funding that would be otherwise hard to come by.

Grants and scholarships are now shifting from valuing people for their craftsmanship to valuing them for their creative skill and talent. Knowledge, innovation, and skills have surpassed money as the new currency of nations.

And it is not only tuition expenditures that must be covered; expenses such as hotel, food, supplies, transportation, and a variety of others also play a role. There is a plethora of reasons that can make it difficult for a student to achieve their objectives.

The First Case of Omicron Reported in America
Panic seems to be rising as the first case of the Omicron variant has been reported in the United States in the state of California. Scientists still don’t know all of the specifics of this variant, but it does have the most mutations out of all the variants before it. This one could be more deadly, but it also might not be. We are still weeks away from having all the answers.
Stocks have dropped since the announcement of Omicron in America, especially travel stocks. Investors are worried about lockdowns and travel bans, but Biden has already stated that there will not be another lockdown. In the wake of such drops and jumps, will we see healthcare stocks increase? Will investors want to fund the health of our nation and the research behind it? It is important to make informed decisions about your investments, but jumping the gun before you have the information is a most unwise choice.

SOURCES
https://youtu.be/9b2o67GTgjw

October has been an interesting month in the world of crypto. The latest meme-coin craze is Shiba Inu, which reached a market capitalization of $40 billion in the last week of the month. The cryptocurrency is a little hard to get though. You can only get it on Coinbase in some states. Robinhood is under a lot of pressure from their users to add more crypto to the platform. Some even signed a petition to add Shiba Inu specifically.
Adding to Robinhood would benefit them immensely. Representatives from the company stated that they hear their customers’ requests, and they are doing their best to provide. They need to make sure that they would still be compliant with regulations before they can make it happen though.
This is most likely not a long-term investment though. You never know what could happen, but just like with Dogecoin, it will probably spike and then fall quickly. If you choose to invest, keep a close eye on the numbers and speak with a professional advisor before you dump a bunch of money into anything.

SOURCES
https://youtu.be/ZxeuekNwVpk
https://youtu.be/hlOd8ljPdtc

The holidays are coming, and while it is the most wonderful time of the year, it is also the most expensive for some. It can be overwhelming and stressful to have to worry about holiday shopping. It’s not impossible, though, and there are many ways to make the holidays cheaper. The first thing you should know is that you do not have to buy gifts for every single person in your life. You don’t have to buy gifts for anyone, but that’s easier said than done.
When thinking of ideas, remember that crafts can be fun and even more meaningful than store-bought gifts. If you have kids, make them do it and save yourself the work. They’ll take pride in being able to tell everyone their present was hand-made by them.
If you are worried about decorating, remember that Dollar Tree always has loads of cute decorations and crafts. Walmart has cheap trees, and they even have a variety of options to choose from. So get creative this holiday season, and remember that you can make the season memorable when you’re on a budget.

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If you want to take out a mortgage loan, you’ll need to start with making sure you know your credit score and that you have a budget that you can stick to. From there, you’ll also want to take into account all of your existing debt and try to pay off as much as possible before taking on another new faction of debt. You also don’t want to do any other major purchases in that time. Also see if you can get pre-approved by a mortgage company, too.

Image via Money Crashers.

Those with little to no credit history or between 500 and 600 on their FICO score may see an increase in loan opportunities.

UltraFICO, a new type of credit score system, will help consumers establish a credit score based on their banking and savings habits rather than credit cards, loans and debts. It’s meant to help the over 7 million people who fall in the upper-500 and lower-600 range, which is typically the minimum for lenders.

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Image via The New York Times.

Those in the military get housing benefits, but four more states just got military-friendly loans: Georgia, Florida, North Carolina, and Pennsylvania.

The Georgia Dream program provides assistance to first-time buyers, those that haven’t owned a house in three or more years, and those who live in designated areas. The Florida Housing Finance Corporation gives a Florida Military Heroes loan to former military members who want to live in affordable housing. North Carolina’s NC Foreclosure Prevention Fund gives zero-interest loans to help veterans keep their homes. The Keystone Home Loan Program in Pennsylvania offers low-interest loans to veterans.

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Image via Military.com.