Homeowners Insurance Prices Soar as Weather Extremes, Inflation Bite
According to S&P Global Market Intelligence, home insurance prices increased by 11.3% on average across the US in 2023, with increases of more than 20% observed for owners in Arizona, Texas, and Utah.
Jun 13, 2024 6:43 AM EDT
Inflation Pinch, EVs Cited as Gas Prices Drop Despite Summer Travel Season
People are shocked to learn that gas prices are really falling around the country during this time of year, even though they generally rise during this season.
White House Announces Ban on Medical Debt in Credit Reports
A White House proposal would remove medical debt from credit reports, which may make it easier for millions of Americans to get employment, rent a house, or get a vehicle loan.
Gold Frenzy in Asia: Is There a Hidden Motive Behind the Rush?
According to industry sources, demand for gold is surging in Asia as investors purchase the metal as a hedge against political and economic volatility, even if prices are nearing their record highs from May.
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US Growth Lifts Global Forecast, World Bank Sees 2.6% Expansion This Year
Based on consistent growth in the US, the World Bank revised up its forecast for the world economy on Tuesday, predicting that it will grow by 2.6% this year.
Jun 12, 2024 8:44 AM EDT
'Buy Now, Pay Later' Now More Manageable for Small Businesses
One common method used by consumers to pay for items is "buy now, pay later" services. The payment plan, which enables customers to spread out payments for products over several weeks or months, is typically advertised as zero-interest or reduced interest.
Jun 12, 2024 1:01 AM EDT
Alarm Over Fake Medical Devices: Roche Sues After Counterfeits Found on Amazon
One of the biggest biotech firms in the world, Roche, said that "dangerous counterfeits" of its diabetic medical equipment were being sold on Amazon and purchased by patients across the country.
Jun 11, 2024 11:30 AM EDT
Gold Mine Production Stalls as Existing Resources Deplete, Industry Faces Challenges
According to the World Gold Council, the mining sector is finding it challenging to maintain output growth as yellow metal resources become more difficult to locate.
Jun 11, 2024 11:04 AM EDT
Feds Team Up to Oversee Booming AI Industry
The broad contours of an agreement that could result in increased government supervision of the quickly developing artificial intelligence market, which includes major players like Microsoft, Nvidia, and OpenAI, have been approved by federal regulators, two individuals with knowledge of the negotiations told CBS News.
Jun 11, 2024 10:25 AM EDT
Homeownership Costs Surge, Expect $18,000 Yearly in Taxes, Insurance, Utilities
The cost of house ownership is rising by thousands of dollars due to rising rates for utilities, property taxes, and homeowners insurance.
Jun 11, 2024 6:47 AM EDT
Adults Drive Toy Market for First Time Ever
For the first time, adults purchased more toys for themselves last quarter than any other age group, exceeding the traditionally strong preschooler sector.
Jun 11, 2024 3:00 AM EDT
"Roaring Kitty" Disappoints, GME Slips 40% After Long-Awaited Livestream
Keith Gill, also known as "Deep-------Value" on Reddit and as "Roaring Kitty" on X and YouTube, conducted his first livestream after the three-year-old meme stock craze.
Jun 10, 2024 9:43 AM EDT
Spotify Leads Potential Price Increase Wave in Audio Streaming Services
Following new pricing increases for its premium US membership plans, Wall Street bulls continue to laud Spotify's (SPOT) outlook, which has led to a spike in the company's shares. The stock has increased by almost 70% since the beginning of the year.
Jun 10, 2024 7:46 AM EDT
Big Tech Soars, But Can Other Sectors Keep Up to Fuel Market Rally?
Since the start of the most recent stock market rise in October 2022, investors have taken it for granted that Big Tech will continue to expand.
Jun 10, 2024 3:36 AM EDT
'Zombie' Firms Swell in Ranks, Survival Uncertain
These businesses, known as "zombies," are so deeply indebted that they can barely make ends meet, pay back the interest on their loans, and frequently only one bad business decision away from going out of business forever.
Jun 08, 2024 10:08 PM EDT
'Safe' Asset Loses Shine, Leaving High-Net-Worth Investors Reeling
According to a recent analysis from Capgemini Research Institute, as of January 2024, high net worth individuals (HNWI) with investable assets ranging from $1 million to over $30 million increased their exposure to fixed income by five percentage points to 20%. Out of all the main asset classes, that was the highest growth in exposure.
Jun 08, 2024 7:20 AM EDT
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