-
Mortgage Rates Drop Again as Buyers Await Fed’s Next Move
Mortgage ratesprospective homebuyers
- News12 hours ago
Wall Street Indexes React to August CPI Report
Source: YouTube The August Consumer Price Index (CPI) report released this week provided a mixed bag of data for investors. On the one hand, the headline...
- News1 day ago
Are Donald Trump’s Proposed Trade Tariffs the Right Solution?
Source: YouTube Donald Trump’s recent proposals on trade tariffs, highlighted during the latest presidential debate, have sparked fresh discussion about their economic implications. His vision includes...
- News1 day ago
2025 Social Security Cost-of-Living Increase Seen at 2.5%, Lowest Since 2021
For millions of Americans, Social Security benefits are a critical part of retirement income. Each year, cost-of-living adjustments (COLA) are made to help retirees maintain their...
- Uncategorized3 days ago
Federal Reserve Cuts Proposed Capital Requirement After Industry Backlash
Source: YouTube The Federal Reserve recently made a significant adjustment to its proposed capital requirement for the largest U.S. banks, reducing the original increase by more...
- News3 days ago
Market Reactions to the Trump-Harris Debate: What Investors Need to Know
The highly anticipated Trump-Harris debate last night left markets in a bit of a limbo. Both Wall Street stocks and Bitcoin experienced modest declines, reflecting the...
- News3 days ago
Apple Ordered to Pay Back €13 Billion in Ireland Tax Payments
Source: YouTube The European Court of Justice (ECJ) has ruled against Apple in a decade-long tax dispute, ordering the tech giant to pay back 13 billion...
- News3 days ago
Bitcoin Prices Await Presidential Debate…and Election Results
Bitcoin pricesfinancial analysts
- News4 days ago
Boeing Strike Averted, Union Workers Get 25% Pay Increase
Source: YouTube Troubled aerospace giant Boeing reached a tentative deal with its workers, successfully avoiding a major Boeing strike that would have further damaged the company’s...
- News4 days ago
This Time, Google’s Latest Antitrust Lawsuit is About Advertising Technology
Google's latest antitrust lawsuit intensified Department of Justice’s (DOJ) scrutiny of the tech giant on its advertising technology dominance. Following a September 2023 trial regarding its...
-
Donald Trump Stands to Lose Billions as Truth Social Stock Continues to Crash
Donald Trump's media venture, Trump Media & Technology Group (TMTG), once soared to a $10 billion valuation, with the company behind Truth Social generating buzz as...
- News1 week ago
Ahead of August Jobs Report, Economists Are Fearing a US Recession Is Now Imminent
As the US economy continues to navigate post-pandemic recovery, the likelihood of a recession is growing. Many experts are focusing on the upcoming August jobs report,...
- News1 week ago
July Job Openings Suggest Labor Market is Softening
The lates July job numbers report has drawn significant attention, with economists and market watchers examining the latest numbers for clues about the economy's future direction....
- News1 week ago
White House to Block Nippon Steel’s $14.9B US Steel Takeover
Source: YouTube The White House is expected to block a $14.9 billion takeover of US Steel by Japan’s Nippon Steel, citing national security concerns. This decision...
- News1 week ago
After Ditching Open Seating Policy, Troubled Southwest Airlines Will Now Remove Bags Fly Free
Budget carrier Southwest Airlines
- News1 week ago
Nvidia’s $300B Wipeout Leads Major Chip Stocks Into a Tailspin
Chip stocksmarket cap
- News1 week ago
Still Going Strong: Earlier Predictions of the Demise of the US Dollar Are Premature
The US dollar is not just America's currency; it's a financial powerhouse that ripples through economies worldwide. Its recent fluctuations are causing significant changes in global...
- News2 weeks ago
September Trading Opens With Dow Falling by 500 Points
September tradingthe Dow Jones Industrial Average
- News2 weeks ago
Disney Channels Go Dark: DirecTV Blackout Sparks Consumer Outrage
The ongoing breakdown in negotiations between Disney and DirecTV has resulted in a significant blackout of all Disney channels in areas serviced by DirecTV. This dispute,...
- News2 weeks ago
Striking Hotel Workers Disrupt Labor Day Weekend Across U.S.
Over 10,000 hotel workers walked off the job this Labor Day weekend, disrupting operations at 24 hotels across the U.S. This strike, organized by the union...
-
Ford, Lowe’s, and John Deere Among Newest Companies to Back Away from Woke Policies
In a significant shift, major U.S. companies like Ford Motor Company, Lowe's, and John Deere are retreating from their previously embraced diversity, equity, and inclusion (DEI)...
- News2 weeks ago
Kroger Executive Admits to Price Gouging Staple Items Beyond Inflation Levels
The grocery industry is facing a public relations crisis after a top executive from Kroger admitted to price gouging on essential items like eggs and milk....
- News2 weeks ago
Fed Looks at Gradualism to Navigate Uncertain Economic Landscape
The Federal Reserve's decision-making process has always been a topic of intense scrutiny, especially during times of economic uncertainty. As the central bank gears up for...
- News2 weeks ago
Nvidia Shares Drop Despite Stellar Q2 Earnings
Nvidiarevenue
- News2 weeks ago
Lego Sales Surge Amidst Toy Industry Slump
Lego, the iconic Danish toymaker, is defying the odds in a challenging market. In the first half of 2024, while many toy companies struggled, Lego sales...
- News2 weeks ago
FTC Wants to Play Spoiler at Planned Kroger Albertsons Merger
The ongoing battle between the Federal Trade Commission (FTC) and Kroger has captured the attention of consumers and industry insiders alike. At the center of this...
- Uncategorized2 weeks ago
The Number of Crypto Millionaires Increased by 95% in 2024
The world of cryptocurrency has long been seen as a volatile yet lucrative market, with the potential to generate significant wealth for those willing to navigate...
- News2 weeks ago
The Fed’s Plan to Cut Interest Rates: It’s Not If Anymore, But How Much
The Federal Reserve is signaling a major shift in monetary policy that could bring relief to borrowers across the nation. Fed Chair Jerome Powell’s recent declaration,...
- News3 weeks ago
Fed’s Powell Says Rising Unemployment More Worrisome Than Inflation
In a bold shift of priorities, Federal Reserve Chairman Jerome Powell has declared that rising unemployment is now the Fed’s biggest enemy, surpassing concerns about inflation....
- News3 weeks ago
Here We Go Again: Global Oil Prices Rising on Escalating Middle East Tension
Tensions in the Middle East are reaching boiling point yet again, this time between Israel and Arab states backing Palestinians. With each passing day, hopes for...
-
Nvidia Stock Set for Another Breakout Quarter as AI Demand Soars
Nvidia, the leading name in graphics processing units (GPUs), is once again in the spotlight as it gears up to report what many analysts are predicting...
- News3 weeks ago
Mortgage Rates Drop to Lowest Level in 15 Months: Should You Buy, Refinance, or Stay Put?
Mortgage ratesa significant milestone
- News3 weeks ago
Edgar Bronfman Raises Paramount Takeover Bid to $6 Billion
In a significant development, media veteran Edgar Bronfman has raised his offer to $6 billion in hope of taking over National Amusements’ Paramount stake. This bold...
- News3 weeks ago
Will the Federal Reserve Push Through With a September Rate Cut?
The annual Jackson Hole Symposium has become one of the most anticipated events of the year for investors, economists, and business leaders alike. In 2024,...
- News3 weeks ago
Anticipation Grows as Central Bankers Await Fed’s Jackson Hole Speech
As central bankers from around the world converge in Jackson Hole, Wyoming, this week, the global financial community is on high alert. The annual symposium has...
- News3 weeks ago
Gold Bar Prices Just Hit $1 Million, And They’re Still Going Up
The year 2024 has been a landmark for gold, especially regarding the price of gold bars. As of August, gold has experienced a significant surge, with...
- News4 weeks ago
Starbucks Who? Dutch Bros is the Newest Coffee-Flavored Stock Investors Are Watching
The coffee industry has seen its fair share of heavyweights, with Starbucks often dominating the headlines. However, in the shadows of this giant, a new contender...
- News4 weeks ago
More than Half of Fortune 500 Companies Now See AI As A Big Risk
Generative artificial intelligenceAI
- News4 weeks ago
Wall Street Rebound: S&P 500 and Nasdaq Recover from August Sell-Off
The stock market has made a striking recovery, with both the S&P 500 and Nasdaq rallying to erase the losses experienced during August's sell-off. This Wall...
- News4 weeks ago
Latest U.S. Weekly Jobless Claims Surprisingly Less Than Expected
Every week seems to bring a different answer to the question “Is the economy in trouble or not?” For example, the latest report on US weekly...
Business, Not Personal: Berkshire Hathaway Explains Strategy of Dumping Apple Stock
Warren Buffett's Berkshire Hathaway recently made headlines by adjusting its substantial stake in Apple. This move, disclosed in a recent interview, has intrigued investors and market...
July CPI: What the Latest Consumer Price Index Report Tells Us About America’s Fight Against Inflation
For the first time in over three years, the latest Consumer Price Index (CPI) has fallen below 3%, marking a significant slowdown in inflation. The July...
Former Chipotle Chief Is New Starbucks CEO: Will Poaching Brian Niccol Pay Off?
Source: YouTube Coffee giant Starbucks has long been synonymous with its former CEOs' steady hands, guiding the company through both turbulent and prosperous times. However, the...
DOJ Mulls Breaking up Google as Part of Antitrust Action
The U.S. Justice Department’s antitrust investigation into Google has reached a critical juncture, with reports suggesting that one option being considered is breaking up Google. This...
B Riley Financial Halts Dividend Amid Troubling Financial Signals
B Riley FinancialAugust 10th
How the NAR Settlement Could Change Realtor Commissions Forever
The real estate industry is standing at a crossroads, with a recent settlement involving the National Association of Realtors (NAR) set to challenge the long-established commission...
Bank of America Reverses its US Recession Assessment
In a significant shift, Bank of America backtracked on its earlier predictions of a looming US recession. This reversal, highlighted by CEO Brian Moynihan, comes as...
Should Trump Have a Say in U.S. Monetary Policy?
In a bold statement that’s sparking debate across the political and economic spectrum, GOP presidential candidate Donald Trump proposed that, if re-elected, he should have direct...
S&P 500 Rally Pauses with 0.6% Drop as Investors Eye Inflation Data
The S&P 500 rally is over… for now. The market closed down by 0.6% yesterday, signaling a pause in its recent rally as investors await new...
Green Light or Red Flag? Mortgage Rates Fall to Lowest Levels This Year
Mortgage ratespotential homebuyers
-
As Inflation Persists, Voters Tackle the Burden of Higher Prices
In the ever-evolving economic landscape, the issue of higher prices has become a pressing concern for individuals and households across the nation. As the 2024 election...
- News1 month ago
Warner Bros Discovery Overpaid for Media Assets by $9 Billion
Warner Bros Discoverysignificant financial challenges
- News1 month ago
Elon Musk Sues Ad Watchdog In Apparent Advertising Boycott
Elon Musk's social channel X is suing the Global Alliance for Responsible Media (GARM) over what he calls an unjust advertising boycott. This lawsuit sparked a...
- News1 month ago
Stock Market Bounceback Not Enough to Regain Previous Day’s Losses
The recent stock market bounceback has brought relief to many investors after yesterday’s brutal trading session. On Tuesday, the Dow Jones Industrial Average surged over 400...
- News1 month ago
We’ve Known It For Years: It’s a Google Monopoly
In a groundbreaking decision, a federal judge ruled that Google violated U.S. antitrust laws with its search business. This landmark ruling in the Google monopoly case...
- News1 month ago
Wharton’s Jeremy Siegel Urges Emergency Rate Cut Following Troubling US Jobs Report
Source: YouTube The renowned finance professor Jeremy Siegel from Wharton's School of Business has issued a bold call to the Federal Reserve. On Monday, he called...
- News1 month ago
Crypto Market Down Again As Investors Flee Towards Safe-Haven Investments
Nothing to see here folks. At least nothing you’ve haven’t seen with cryptocurrency before. The cryptocurrency market is down again over the weekend, causing chagrin among...
- News1 month ago
Global Stock Meltdown: Investors Flee Toward Safe Haven Assets
The global stock sell-off deepened on Monday, prompting investors to flock to safe-haven assets. This reaction followed a weaker-than-expected U.S. jobs report from the previous week....
- Investment1 month ago
Intel Stocks Crash Hard As Company Misses Q2 Targets and Announces Massive Layoffs
Source: YouTube Intel stocks fell down hard after the company reported disappointing second-quarter earnings. The chip giant announced a $10 billion cost reduction plan, which includes...
- News1 month ago
Senate Republicans Block Democrat Tax Bill, Scores Dems for Show Votes
Last Thursday, Senate Republicans successfully blocked a Democrat tax bill designed to temporarily expand the child tax credit and restore specific business tax benefits. The procedural...
-
GOP Cries Politics as Federal Reserve Signals Lower Interest Rates by September
Source: YouTube Federal Reserve Chair Jerome Powell recently hinted at the possibility of lowering interest rates as early as September, provided the U.S. economy retains its...
- News1 month ago
Meta’s Surprising 22% Revenue Increase Shows AI Spending Is Fueling Immediate Growth
Meta's AI spending is propelling growth in the company’s revenues. During its recent second quarter earnings report, Meta exceeded analyst expectations and reported revenues of $39.07...
- News1 month ago
Across the Globe, Starbucks Sales Are Falling as Customers Reject High-Priced Coffee
Starbucks salesconsumers
- News1 month ago
Texas to Receive $1.4B Settlement From Meta Biometric Data Lawsuit
In a landmark case, Meta, the parent company of Facebook, agreed to pay $1.4 billion to settle a lawsuit brought by the state of Texas. The...
- News2 months ago
Analysts See Bitcoin Future Tied Closely to Trump Victory in November
A brighter Bitcoin future seems to be in the cards, especially if supportive candidates win the elections this November. This development is the main reason why...
- News2 months ago
Abandon Ship: Is It Time to Unload Your NVIDIA Stock?
NvidiaJuly
- News2 months ago
Not Lovin’ It: McDonald’s Q2 Earnings Reveal Financial Challenges Amid Economic Tightening
McDonald's, a long-time leader in the fast food industry, recently disclosed its devastating second quarter numbers. Somehow, the company missed its earning estimates, showcasing the financial...
- News2 months ago
Federal Reserve Hints At Cutting Interest Rates This Year
Source: YouTube The Federal Reserve is gearing up for a significant shift in monetary policy. After two years of aggressively fighting inflation and maintaining interest rates...
- News2 months ago
A Victory for the Gig Economy: California Supreme Court Upholds Proposition 22
In a landmark decision, the California Supreme Court upheld Proposition 22, a critical measure that defines ride-hailing drivers as independent contractors. This ruling marks the culmination...
- News2 months ago
Union Support Will Play A Big Role in the Elections. But Right Now, the Results Are Mixed
Over decades, union support played a critical role in determining the outcome of presidential elections. Trade unions have historically been pivotal in influencing election outcomes, especially...
Nasdaq 100 Fell By Over 3% and Lost a Trillion Dollars In Worst Trading Day Since 2022
On Wednesday, the Nasdaq 100 Index suffered its most significant drop since October 2022, plummeting over 3% and wiping out $1 trillion in value. The market's...
For the 4th Straight Quarter, Tesla Profit Margins Continue to Shrink
Tesla, led by its ambitious CEO Elon Musk, continues to face challenges as the EV maker struggles to maintain its dominance. As Musk makes bold promises...
US June Home Sales Fell by 5.4% Compared to Previous Month
The U.S. housing market is facing significant challenges amid a looming buyer’s market. Recent data from the National Association of Realtors reveals a troubling trend: sales...
Wiz Rejects $23 Billion Google Buyout: A Bold Move in Cybersecurity
In a bold and calculated move, Israeli cybersecurity startup Wiz rejects Google buyout offer worth $23 billion. This decision, revealed through an internal memo, marks a...
China Cuts Key Rates, Markets React to Surprise Decision
In a surprising move, China cuts key rates to invigorate its economy, sending ripples across global markets. The People's Bank of China (PBOC) announced significant reductions...
Crowdstrike Software Update Causes Chaos, Disrupts Business Operations Worldwide
In today's fast-paced world, businesses rely heavily on technology to safeguard operations. However, even advanced cybersecurity systems are not infallible. Earlier this Friday, a significant disruption...
Silicon Valley Politics is Making a Seismic Shift from Red to Blue
Silicon ValleySilicon Valley elites
Trump Weighs Keeping Fed Chair, Appointing JPMorgan’s Jamie Dimon as Treasury Secretary
Republican presidential nominee Donald Trump recently issued a strong warning to Fed Chair Jerome Powell against cutting US interest rates before the presidential election. He acknowledges...
Gold Prices Hit New Highs, But What’s Driving the Surge?
Gold pricesspot bullion prices
-
Goldman Sachs Profits Soar 150% As Investment Bankers Make a Resurgence
Goldman Sachs profitslast year
- News2 months ago
Apple Stock Hits All-Time High: Should You Take a Big Bite?
Apple stockAmerican tech investments
- News2 months ago
Forget Bidenomics, Bidenflation is Hitting America Hard, Most Just Don’t Know It Yet
Do you think Bidenomics is what’s keeping America afloat? Think again, as beneath the glowing economic reports is the alarming 19.5% inflation, also known as Bidenflation....
- News2 months ago
World Markets Go Big on Trump Trade After Republican Leader Survives Assassination Attempt
As world financial markets reopened after the attempted assassination of Donald Trump, one thing became clear: the “Trump trade” is back! Beginning early Monday, traders are...
- News2 months ago
AT&T’s Latest Massive Data Breach: What They’re Not Telling You
In a world where personal data is increasingly vulnerable, the recent admission by AT&T about a massive data breach has sent shockwaves through the consumer community....
- News2 months ago
June’s Unexpected Wholesale Inflation Spike: What It Means for Your Wallet
In another economic twist, wholesale inflation in the United States surged by 2.6% last June compared to a year earlier. This marks the sharpest year-over-year increase...
- News2 months ago
Navigating the Home Refinancing Landscape: What You Need to Know
Home priceshigh interest rates
- Business11 months ago
U.S. Employment Costs Surge
A key measure of the employment costs of Americans unexpectedly increased during the summer, raising concerns that the US economy may face a second round of...
- Business11 months ago
Prices for Goods and Services Increase Beyond Expectations
In September, prices for goods and services increased by 0.4 percent for the second consecutive month, casting doubt on the idea that the Federal Reserve's rate...
- Uncategorized11 months ago
GDP Soars 4.7% Thanks to Rise in Consumer Spending
Americans increased their spending as the summer came to an end this year, driving a significant uptick in GDP. In the third quarter, the U.S. economy...
- Business11 months ago
New Home Sales in the U.S. Rise Amid Skyrocketing Interest Rates
Americans bought new homes at an astonishing rate in September despite the skyrocketing interest rates. According to the Commerce Department, new home sales in September exceeded...
- Business11 months ago
Reports: X/Twitter Shrinking Worsens Following Rebranding
New information
- Business11 months ago
Reports: Amazon Testing Humanoid Robots for Warehouse Operations
A new sorting technology and humanoid robot are apparently being tested by Amazon in an effort to increase automation and efficiency in its warehouses. The technologies...
- Business11 months ago
Elon Musk’s X/Twitter Announces Subscription Tiers
Elon MuskX
- Business11 months ago
Powell Signals the Fed’s Hike Increases Are Done for Now
Jerome Powellrate increases
- Business11 months ago
Elon Musk’s X/Twitter to Start Charging New Users
New usersprivileges
- Business11 months ago
September Retail Sales in the U.S. See Rapid Increase
Retail salesstrong household demand
-
Manufacturing in New York State Slumps in October
A Federal Reserve Bank of New York survey released on Monday revealed that manufacturing activity in the state of New York slightly decreased in October. The...
- Business11 months ago
Producer Price Index Goes Up 0.5% in September
Unexpectedly high wholesale price growth in September was a sign of brewing inflationary pressures for the American economy. The Labor Department stated on Wednesday that the...
- Business11 months ago
Real Estate Industry Urges Powell to Stop Raising Interest Rates
Leading representativesinterest rates
- Business11 months ago
Oil Prices Surge Following Hamas Attack on Israel
Oil pricesBrent crude
- Business11 months ago
ADP: Private Sector Jobs Increase by 89,000 in September
The most recent monthly ADP National Employment Report, which was released on Wednesday, indicated that private sector employment increased by 89,000 jobs, which is the slowest...
- Business11 months ago
Both Military and Civilian Spending Boost U.S. Factory Orders
The latest indication that the slowdown brought on by interest rate hikes in the manufacturing sector has ended is a significantly larger increase in orders for...
- Business12 months ago
Job Openings in the U.S. Unexpectedly Rise in August
Job openingsUS companies
- Business12 months ago
Green Energy Stocks Dip Due to High Interest Rates
High interest rates have taken their toll on the shares of green energy businesses as the latter fell sharply in recent months, underperforming when compared to...
- Business12 months ago
House Financial Services Committee Members Pushing for SEC to Approve Bitcoin ETF
After the SEC's decision to sue Coinbase, a key cryptocurrency exchange, other big financial firms, including BlackRock, Bitwise, VanEck, WisdomTree (WT.N), Fidelity, and Invesco (IVZ.N), have...
Spotify Announces Plan to Replicate Podcasters’ Voices Using AI
OpenAI, the company behind ChatGPT, has developed a new feature for Spotify that uses AI to duplicate podcasters' voices. According to the company, the technology would...
95% of NFTs Now Worthless
Around 23 million people are holding onto useless digital collectibles as a result of the vast majority of Non-Fungible Tokens (NFTs), formerly the darlings of the...
Demands for Mortgage Refinancing Unexpectedly Climbs Amid High Interest Rates
Last week, despite rising interest rates, there was an unusually large increase in mortgage refinancing applications. Overall mortgage applications increased last week, according to the Mortgage...
Gas Prices Continue to Rise Even After Summer Driving Season
It seems gas prices are still rising, which is pushing up the national average for a gallon of gasoline in the United States. According to data...
Consumer Sentiment Drops for the Second Consecutive Month
Consumer sentimentJoe Biden
Oil Prices Rise to Highest Level in 10 Months
As the Biden administration continued its policy stifling US production, and OPEC predicted that demand would remain high this year and next, oil prices shot dramatically...
Poll: More Workers Worried Over Losing Jobs to Tech
More than one in five workers in the United States now express anxiety that technology may make their occupations obsolete. This is a rising issue among...
Wholesale Inventories Decline as Consumer Spending Goes Up
A faster than anticipated fall in wholesale inventories occurred concurrently with the increase in consumer expenditure in July. The Commerce Department said Friday that wholesale inventories...
Unemployment Claims Dip as Employers Capitulate to Growth
Last week, fewer people applied for unemployment benefits, indicating that employers are keeping hold of workers despite the economy's apparent acceleration of growth. According to the...
Apple to Use USB-C for iPhone 15
In response to European Union regulations, Apple is planning to include USB-C connectors in its future iPhone 15 models. This move is seen favorably by many...
-
Labor Department: 187,000 Jobs Added in August, Unemployment Still Went Up to 3.8%
The Labor Department released data indicating employers in the US increased their payrolls by 187,000 people in August. To 3.8 percent, the jobless rate increased. According...
- Business1 year ago
U.S. Economy Grows at Slower Pace Despite Uptick in Consumer Spending
On Wednesday, the U.S. economy's growth in the second quarter was downgraded because weaker business expenditure outweighed higher consumer spending. According to the government, the three...
- Uncategorized1 year ago
Job Openings Reach Lowest Numbers Since March 2021
Job openingsJuly
- Business1 year ago
Jobless Claims Tank by 10,000 Last Week to 230,000
Last weeknew jobless claims
- Business1 year ago
Increase in Food Costs Connected to Uptick in Food Stamp Benefits, Report Finds
A recent study found that the United States Department of Agriculture's increase in food stamp benefits is related to rising food prices. According to a research...
- Business1 year ago
New Home Sales Reach Highest Level in 17 Months
As buyers are driven out of the current home market by a lack of available inventory, the market for new home sales for single families in...
- Business1 year ago
US Commerce Secretary to Visit China Next Week
U.S. Secretary of Commerce Gina Raimondo will visit China from August 27 to August 30, both countries confirmed. According to the readout from the Chinese side,...
- Business1 year ago
IBM Report: AI Causing 40% of Workers to Need Being “Reskilled”
A recent IBM report suggests that the growing adoption of AI technologies would necessitate the “reskilling” of 40% of the world's workforce over the course of...
- Business1 year ago
Almost Half of American Parents Can’t Afford Diapers, Report Finds
Since the outbreak, diaper costs have increased, putting a strain on parents' budgets particularly those of low-income families, according to a Thursday story from Fox Business....
- Economy1 year ago
Leading Economic Indicators Tank Once More, Pointing at a Looming Recession
A crucial index of economic indicators that are believed to offer insight into the economy's trajectory decreased in July, marking the 16th consecutive month of declines,...
-
July Housing Starts See Surge Thanks to Single-Family Home Building
U.S. housing startshigher borrowing rates
- Business1 year ago
Rise in Retail Sales in the U.S. Raise Inflation Risk
Retail salesJuly
- Uncategorized1 year ago
Amazon Joins AI Race With Custom Microchips
Following the enormous success of OpenAI's ChatGPT last year, tech giant Amazon was one of the last major tech companies to jump into the generative AI...
- Business1 year ago
Wholesale Prices Rise by 0.3% in July
In July, a measure of wholesale prices increased more than anticipated, bucking recent trends that indicate diminishing inflation pressures. The producer price index, which measures the...
- Business1 year ago
Banks Slapped With $549 million in Combined Fine for Trying to Evade Regulators Using Electronic Records
U.S. regulators on Tuesday announced a combined $549 million in penalties against Wells Fargo and a raft of smaller or non-U.S. firms that failed to maintain...
- Business1 year ago
Tesla CFO Steps Down
Zach KirkhornVaibhav Taneja
- Business1 year ago
Report: San Fransisco Slowest City in COVID-19 Pandemic Recovery
Mobile phone dataSan Francisco
- Business1 year ago
New Jobs in US Sits Only at 187,000 in July as Wage Growth Picks Up
The Department of Labor revealed on Friday that new jobs in the US were only sitting at 187,000 in July, which was fewer than anticipated. Nonetheless,...
- Business1 year ago
Fitch Drops United States’ Credit Rating to AA+
On Tuesday, Fitch Ratings downgraded the United States' credit rating from AAA to AA+. The rating has a stable outlook, which means Fitch does not anticipate...
-
Job Openings, Layoffs Go Down in June
There were fewer job openings and layoffs in June, indicating a stable job market, per a report released Tuesday. The Labor Department said in its monthly...
- Business1 year ago
Federal Reserve: Lending Conditions Expected to Become Tougher
A Federal Reserve report issued Monday indicated that lending conditions at US banks are tight and expected to tighten even further. The Fed's widely monitored Senior...
- Business1 year ago
PCE Inflation Slow Pace to All New Low in 2 Years
Inflation slowed more in June, although it remained over the Federal Reserve's objective. The personal consumption expenditures price index was up 0.2 percent from a month...
- Economy1 year ago
Federal Reserve Authorizes Interest Hike, Raising Rates to Highest level in over 22 years
The Federal Reserve authorized a much-anticipated interest rate raise on Wednesday, bringing benchmark borrowing prices to their highest level in more than 22 years. The Federal...
- Business1 year ago
Sales of New Single-Family Homes Fall by 2.5%
In June, sales of new single-family homes in the United States declined significantly more than predicted. According to the Commerce Department, new house sales declined 2.5...
- Business1 year ago
Home Prices Tank the Most Year-Over-Year in More Than 10 Years
In May, home prices in the United States fell from a year earlier, marking the second month in a row that prices fell year over year....
- Business1 year ago
Jobless Claims Dip to 228,000
The labor market is still exceptionally resilient as jobless claims dip. The Labor Department said on Thursday that the number of new claims for unemployment benefits...
- Business1 year ago
Biden’s Student Loan Scheme Projected to Cost Taxpayers $475 Billion Over 10 Years
President Joe Biden's most recent student loan program will cost taxpayers $475 billion over the following ten years, per a respected government budget model. President Biden's...
- Business1 year ago
Elon Musk Reveals Twitter Cash Flow Down Due to Advertiser Struggle
CEO Elon Musknegative cash flow
- Business1 year ago
Bank of America Fined $250 Million Over Illegal Junk Fees, Fake Accounts
Bank of America agreed to pay a total of $250 million in fines and restitution on Tuesday to resolve charges that it routinely double-charged consumers fees,...
-
Twitter’s Elon Musk Considers Suing Meta, Zuckerberg Over Threads
TwitterElon Musk
- Business1 year ago
Apple Becomes First Company in History Worth $3 Trillion
Apple has made history by becoming the first publicly listed business with a market capitalization of $3 trillion at the end of a trading day. The...
- Uncategorized1 year ago
Construction Spending Goes Up Beyond Expectation Amid Housing Rebound
Spending on building projects in the United States increased more than predicted in May, with private-sector spending on single-family houses increasing quickly. According to the Census...
- Business1 year ago
Federal Reserve: All 23 of Biggest US Banks Weathered Recession in Stress Test
Federal ReserveAmerican
- Business1 year ago
States Thinking About Charging Drivers by Mile to Fund Road Maintenance
States are frantically trying to figure out how to continue producing money to fund road repair. Historically, authorities have used gas tax money to improve roads,...
- Business1 year ago
Pride Month Backlash Put Pressure on Companies
Companies have been forced into a tough position as a result of the backlash against large Pride Month marketing, particularly in markets aimed at youngsters. According...
- Business1 year ago
Employees File Lawsuit vs Elon Musk’s Twitter Over Unpaid Bonuses
Employees of Elon Musk's Twitter have allegedly filed a lawsuit alleging that the firm failed to pay tens of millions of dollars in promised incentives. The...
- Business1 year ago
Apple Implements Restrictions for Use of External AI Tools
Apple has recently restricted the usage of external artificial intelligence technologies, such as ChatGPT, among its employees in order to focus on creating its own AI...
- Business1 year ago
U.S. Pull Back New Charges in Bankman-Fried Case,
Federal prosecutorsalleged crypto fraudster Sam Bankman-Fried
- Business1 year ago
Business Inventories Increase as Consumer Spending Remains Strong
The growth in inventories at American businesses in April is the most recent indication that the U.S. economy is gaining momentum as winter gives way to...
Federal Reserve Decides to Keep Interest Rates Unchanged Despite High Inflation
Federal Reserve officials
Consumer Prices Increase by 4%, Core Inflation Remains Above Fed Targets
The Labor Department has revealed that the consumer price index, a crucial indicator of how much consumers pay for goods and services, increased by 4% last...
Poll: 87% of American Voters Worried About Inflation
The Federal Reserve will meet this week to decide how to proceed with interest rates, and voters in the United States are still worried about inflation....
OpenAI Sued for Defamation over False ChatGPT-Generated Accusations
In what might be a historic case, OpenAI, the firm behind the AI model ChatGPT, is being sued for defamation owing to misleading information created by...
U.S. Bank Stocks Experience Rebound, Index Reaches Near 7-Week High
Bank stocksthe leading regional banking indexes
World Bank Projects Dim Outlook for the Global Economy
The World Bank projects that the global economy may slow dramatically this year, hampered by high interest rates, the fallout from Russia's invasion of Ukraine, and...
Factory Orders Suggests Business Investment Recovery in April
Factory orderscomputer orders
Oil Goes Up 3% on US Debt Ceiling Deal as Traders Go on Alert for OPEC+ Meeting
Prior to an OPEC+ meeting on Sunday, oil prices increased by more than $2 per barrel on Thursday. The passage of legislation to suspend the U.S....
Fidelity Investments Believe Twitter is Now Only Worth 1/3 of What Elon Musk Paid
Fidelity Investments said Twitter is currently only worth a third of the $44 billion that tech tycoon Elon Musk bought for the dominant social media platform...
Jobless Claims Fall Below Estimates
New jobless claimsbenefits
-
Job Creators Network CEO Supports Congressional Resolutions Denouncing Biden Student Loan and Emissions Rules
Alfredo Ortiz, President and CEO of Job Creators Network released a statement this week, supporting a new set of Congressional resolutions that condemn the student loans...
- News2 years ago
Democrats Want $100 Monthly Stimulus Checks For Gas
Are you ready for the return of the monthly stimulus checks? A group of Democratic lawmakers is proposing $100 monthly stimulus checks that work as rebates...
- Podcast2 years ago
How Raoul Pal 10X-ed His Money with Crypto and Retired to the Beach
RELATED: Can I Create My Own Cryptocurrency? How Raoul Pal 10X-ed His Money with Crypto and Retired to the Beach Shaan Puri (@ShaanVP) sits down with Raoul...
- News2 years ago
CEOs Urge Biden To End Mask Requirements On Airlines
CEOs of major US airlines urged President Joe Biden to drop the federal mask requirements on flights and airports. The airlines also wanted the government to...
- News2 years ago
Nestle Joins Global Boycott, Pulls Out Products From Russia
In a surprise move, global food giant Nestle joined the global boycott against Russia. The company announced that it will pull its brands out of Russian...
- Biden News2 years ago
Biden’s Public Approval Rating Gets New Low of 40%
US
- Bitcoin2 years ago
Saifedean Ammous Explains The Bitcoin Standard
RELATED: As Bitcoin Crashes Below $40,000, Its Current 2022 Loss Is Now 14% Saifedean Ammous Explains The Bitcoin Standard Sam and Derek take a deep dive...
- Business2 years ago
The Great Resignation Continues As Americans Want New Jobs
The Great Resignation remains strong as of March 2022. According to a recent survey, nearly half of all American workers are looking for a new job....
- Business2 years ago
Buzzfeed Says People Spending Less Time On Facebook
According to Buzzfeed, people are spending less time on Facebook. During the media company’s earnings call last Tuesday, it pointed to a recurring theme in tech circles....
- News2 years ago
The Biden Administration’s COVID Funding Is Nearly Out
Last TuesdayCOVID funding
-
Codie Sanchez on Overcoming Obstacles to Hustle & Think Like a Contrarian
RELATED: Adam Grant: Rethinking Your Position Codie Sanchez on Overcoming Obstacles to Hustle & Think Like a Contrarian Codie Sanchez is the founder of Contrarian Thinking, a...
- inflation2 years ago
Fed’s Powell Now Says That US Inflation Rate ‘Is Much Too High’
After insisting that the US inflation rate is transitory, Fed Chairman Jerome Powell is now singing a new tune. The Federal Reserve chairman is now promising...
- Business2 years ago
Biden Warns US Businesses Of Russian Cyberattacks
On Monday, President Joe Biden warned US businesses of heightened Russian cyberattacks. He told companies to take precautions against renewed attacks. Russian hackers will renew efforts...
- News2 years ago
Russian Elites Plan To Overthrow Putin, Restore Ties With West
Russian elites are allegedly plotting to overthrow Russian President Vladimir Putin and reconnect with the West. According to Ukrainian intelligence, wealthy Russians are intent on ending...
- Podcast2 years ago
How to Examine Charitable Organizations with Child’s Dream Foundation’s Marc Jenni
RELATED: Buffett Gives $4.1B, Resigns As Gates Foundation Trustee How to Examine Charitable Organizations with Child's Dream Foundation's Marc Jenni Sam interviews Child's Dream Foundation's Co-Founder and...
- Gas Prices2 years ago
GOP Governors Suspend The State Gas Tax As Congress Stalls
As Congress’ efforts to relieve Americans from high gas prices stall, some states acted to suspend the local gas tax. Now, two states, Georgia and Maryland,...
- News2 years ago
Saudi ARAMCO Doubles Profits As Oil Prices Soar
Oil giant Saudi Aramcosurging oil prices
- Ezine2 years ago
Setting Your Money Goals
Setting Your Money Goals | You may be wondering what is the right investment strategy for you, but without knowing anything about you, any advice on...
- Ezine2 years ago
Importance of Credit and Financial Services
Just like money, the importance of credit and financial services cannot be ignored. We know that money is the backbone of any economy. Plus, the functionality of...
- News2 years ago
NY Times Confirms Existence of the Hunter Biden Laptop
The New York Times published a report confirming that the Hunter Biden laptop is real. Earlier, the Times published an update on the federal probe into...
MLG Capital CEO Tim Wallen on the Current State of the U.S. Real Estate Market
RELATED: What You Need To Understand To Buy / Invest In Real Estate MLG Capital CEO Tim Wallen on the Current State of the U.S. Real Estate...