Social Security 2025: Cost-of-Living-Adjustment Increased to 3.2%, But Will It Keep Up?
After the government announced that April inflation was in line with experts' predictions, the most recent estimate of Social Security's cost-of-living adjustment 2025 increased to 3.2%, according to new figures released on Wednesday.
May 16, 2024 01:17 PM EDT
Hong Kong's Status as an International Financial Center at Crossroads
Hong Kong lost its status as a global financial hub amidst shifting rankings and regulatory hurdles. Read the implications of China's tightening grip and cross-border capital flow uncertainties.
Real Estate Not Stocks Give the Greatest Long-Term Investment, Survey Shows
According to a recent Gallup poll, even though the majority of Americans have money stashed away in the stock market, they don't think it makes the greatest long-term investment. What then is it?
Hong Kong's Financial Status Plummets EUI from Fourth to Ninth Place Amidst Global Rankings and China's Grip
Hong Kong's business ecosystem has caused the EIU to downgrade it to ninth place and the Global Financial Centers Index to rank it fourth.
Latest News
Inflation Alert: Everyday Goods Set to Cost More as Wholesale Prices Jump
The latest indication that inflationary pressures in the economy are still high and may not abate as quickly as the Federal Reserve or the Biden administration would like comes from the acceleration of wholesale prices in the United States in February.
Mar 15, 2024 12:48 AM EDT
How Employers Are Helping Employees Bridge the Student Loan-Retirement Gap
A new study found that paying off student loans is impeding certain Americans' ability to accumulate retirement savings, particularly those who earn higher wages in America.
Mar 14, 2024 10:20 AM EDT
Selling TikTok: Could a US Sale Affect Your Online Security and Wallet?
The more than 100 million American users of TikTok may soon be unable to use the app after the U.S. The app's Chinese parent business must sell it in the United States, or else the House of Representatives will vote to prohibit it.
Mar 14, 2024 09:31 AM EDT
Unmasking the Biggest Scams Targeting Your Wallet
Authorities urge people to be aware of the language that con artists usually employ to trick their victims since scams are becoming more common and are now frequently assisted by artificial intelligence.
Mar 14, 2024 03:53 AM EDT
Cyberattack on Healthcare May Mean Higher Costs for You: Here's Why
First Health Advisory, a digital health risk assurance organization, estimates that the suspected ransomware assault on a major health technology company last month cost providers $100 million every day while payment problems persist. The incident has left the health care industry reeling.
Mar 13, 2024 07:21 AM EDT
Rising Inflation Eats Away at Savings and Everyday Purchases
While inflation continues to be a persistent pain point for the Federal Reserve and President Joe Biden's reelection campaign, both of which are depending on a gradual easing of pricing pressures this year, consumer prices increased once more this month.
Mar 13, 2024 05:00 AM EDT
Equal Diplomas, Unequal Salaries: How Much is the Gender Pay Gap Hurting Your Wallet?
The persistent pay gap between men and women cannot be closed by education alone, according to a recent U.S. study. report from the Census Bureau.
Mar 13, 2024 01:06 AM EDT
The Federal Reserve's 'Death Star'. The Battle Over America's Wallets.
The CBDC debate continues. Concerns over the exploration of the creation of a central bank digital currency in the United States, commonly referred to as a CBDC, has some lawmakers up in arms regarding its potential for increased government surveillance and control.
Mar 12, 2024 05:24 PM EDT
This Island Nation Has the Most Female CEOs on Boards
At a time when the rest of the world suffers from depressingly low female representation in leadership positions, New Zealand is leading the way for women's involvement in executive jobs and salary.
Mar 12, 2024 11:05 AM EDT
Tech Boom in the Philippines? US Investments Could Signal Lucrative Opportunities
The United States Commerce Secretary Gina Raimondo stated during an official visit to Manila on Monday that American businesses are expected to announce investments totaling more than $1 billion in the Philippines.
Mar 12, 2024 05:08 AM EDT
Cardano Unleashed: Your 2024 Guide to ADA's Rise, Fall, and Potential Boom
For those who might have missed the memo, Cardano is a blockchain platform for smart contracts. Think of it as Ethereum's brainy cousin. It's built on a proof-of-stake consensus algorithm, which is essentially a more eco-friendly way of validating transactions compared to Bitcoin's energy-guzzling proof-of-work method.
Mar 11, 2024 12:37 PM EDT
Pfizer's New Focus: Can Cancer Drugs Become the Next Big Moneymaker for Investors?
Pfizer is prepared to move on from Covid. Following a challenging year characterized by the sharp drop of its Covid business, the company is now placing its bets on cancer medications to help it regain its footing.
Mar 11, 2024 04:43 AM EDT