Freddie Mac Sees Limited Rate Cuts, Dampening Housing Hopes
For those who are purchasing a home, the year has been difficult thus far because of the combination of rising loan rates and high housing costs. Regretfully, there might not be much respite for the rest of 2024.
May 21, 2024 1:14 PM EDT
Target Cuts Prices on Thousands of Essentials as Inflation Pinches Budgets
As inflation bites into household budgets and more Americans become more frugal with their purchasing, Target intends to lower prices on thousands of consumer staples this summer, ranging from milk to diapers.
US Consumers Putting Off Purchases for Pools, Mattresses Due to Inflation
As high inflation and interest rates hurt, Americans are delaying some more expensive, traditionally financed purchases.
Homeownership Strained by 25% Property Tax Hike, Soaring Insurance Costs
The increase in property taxes and homeowners' insurance costs is a growing threat to homeowners' financial stability and decision-making processes
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US Considers Strategies to Address Rising National Debt
Government debt has increased by about 50% since the beginning of the Covid pandemic, causing concern in Washington and on Wall Street.
May 20, 2024 1:47 PM EDT
Goldman Sachs Targets Private Equity After Credit Suisse Shakeup
In an attempt to fill the hole left by unrest at regional banks and the sale of Credit Suisse, American investment bank Goldman Sachs is pushing its way into the lending market for asset managers and private equity.
May 18, 2024 10:26 AM EDT
Dow Unexpectedly Soars to 40,000, Marking the Highest for Wall Street
The Dow just reached 40,000 for the first time, marking the latest high point in an unexpectedly successful year for Wall Street.
May 17, 2024 12:56 PM EDT
Walmart Stock Up by 7%, Forecast Hints at Continued Buying Power
In accordance with prior comments made by one of its major suppliers and a competitor retailer, Walmart's optimistic outlook for the retail industry on Thursday indicated a solid consumer base in the United States.
May 17, 2024 12:04 PM EDT
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 1:17 PM EDT
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?
May 16, 2024 11:01 AM 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.
May 15, 2024 11:59 PM EDT
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.
May 15, 2024 11:32 PM EDT
Can Taxing the Rich Save Social Security?
Due to a budget deficit, Social Security may not be able to provide retired Americans with their full payments in around ten years.
May 15, 2024 2:39 PM EDT
Trump Allies Gather as Cohen Testifies on 'Hush Money' Allegations
House Speaker Mike Johnson was among a group of close Republican allies of Donald Trump who showed up in the Manhattan criminal courthouse on Tuesday to express support for the former president while his attorneys tried to discredit the key witness in the "hush money" trial.
May 15, 2024 2:01 PM EDT
Retail Shakeup: Are Your Favorite Stores Closing? 3,200 Store Closures Recorded
According to a recent report, the retail industry is struggling as it deals with consumers who are tired of paying for inflation and a wave of bankruptcies.
May 14, 2024 5:36 PM EDT
US Airlines Challenge Biden's Fee Transparency Directive
American airlines have filed a lawsuit to prevent the Biden administration from imposing more transparency on the fees that they charge their customers.
May 14, 2024 5:33 PM EDT
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