Small Biz Barometer Broken? Confidence Crashes, Raising Concerns for Consumer Spending
Based on growing fears about inflation, U.S. small-business confidence fell to its lowest level in almost 11 years in March, according to a poll released on Tuesday.
Apr 10, 2024 2:23 AM EDT
Dave Portnoy's Big Win: Turning $600K into $2.7 Million on UConn Victory
In the high-stakes world of sports betting, Barstool Sports founder Dave Portnoy just made headlines with a massive win, turning a bold $600,000 bet on UConn to win the NCAA men's championship into a whopping $2.7 million.
The Next Generation of Video Streaming Is Vertical: Short Film Creators Monetizing the Dopamine Addict in Us All
Described as "TikTok-style short soap operas" with scripts adapted from web novels, short films are optimized for vertical viewing on mobile devices and to get viewers hooked fast. Free for the first few episodes, just enough for you to get a taste - and a dopamine rush - and boom, you're hooked.
How Food Marketing Tactics Impact Low-Income Shoppers
As a result of Americans cutting back on their spending on food and other necessities, food manufacturers like Kraft-Heinz and Conagra Brands have redesigned their goods and business plans in the wake of years of price increases.
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Jamie Dimon: AI's Impact Rivals the Printing Press
In the financial world, Jamie Dimon's insights are often seen as a barometer for the future of banking and technology. So, when the JPMorgan Chase CEO says something as bold as artificial intelligence (AI) being as impactful on humanity as the printing press, electricity, and computers, people sit up and take notice.
Apr 08, 2024 4:42 PM EDT
Ripple Boss Foresees Crypto Market Explosion to $5 Trillion
According to the CEO of blockchain firm Ripple, the total market capitalization of cryptocurrencies will surpass $5 trillion this year.
Apr 08, 2024 6:42 AM EDT
Solar Eclipse to Spark $6 Billion Boom, Towns Prepare for Rush
Visitors are enjoying the unique astronomical event, which is beneficial for nearby companies that are directly in the line of the eclipse.
Apr 08, 2024 5:13 AM EDT
Fry Attachment Rate Stays High, Signaling Consumer Confidence
Taking a broader view, the so-called fry attachment rate's strength supports economic data by demonstrating that regular Americans are still prepared to spend money on little pleasures.
Apr 06, 2024 8:32 AM EDT
Unemployment Tumbles as US Adds Tons of Jobs, Is a Recession Off the Table?
Employers in the United States created a staggering 303,000 new jobs in March, a further indication that the economy is resilient enough to fend off inflation and avoid a recession due to rising interest rates.
Apr 06, 2024 6:31 AM EDT
Old Economy Giants Outshine Big Tech, Experts Say
In a world where tech giants have long dominated the headlines and investment portfolios, a bold new prediction is making waves. As we edge closer to 2024, one strategist is turning heads with the claim that it's time for 'Big Tech' to scoot over and make room for the resurgence of 'old economy' sectors like industrial and energy.
Apr 05, 2024 3:08 PM EDT
Golden Rush: Shoppers Add $2,000 Bars to Their Grocery Lists
Ever thought about picking up a loaf of bread, a rotisserie chicken, and, oh, maybe a gold bar or two on your next Costco run? It seems like an increasing number of Americans are doing just that. In a fascinating twist to the shopping experience, Costco members can now add gold bars-yes, actual gold-to their carts, both in-store and online. And guess what? They're flying off the shelves faster than the latest viral snack.
Apr 05, 2024 2:45 PM EDT
YOLO Economy: Travel and Fun Trump Savings Despite Soaring Credit Card Debt
In an era where the phrase "You Only Live Once" (YOLO) has evolved from a catchy Drake lyric to a full-blown lifestyle mantra, Americans, particularly the younger crowd, are boldly prioritizing experiences over savings.
Apr 05, 2024 2:11 PM EDT
Walmart Shoppers Rejoice! Check Your Receipts - You Might Be Owed Cash
Customers of Walmart who purchased specific weighted goods or bagged fruit have until the end of the month to be eligible for a portion of a settlement of $45 million, which settles claims the store overpaid for those products.
Apr 05, 2024 7:20 AM EDT
Tick-Tock: Deadline for Student Loan Forgiveness Looms is April 30
In the grand tapestry of adulting, managing student loans often feels like navigating a labyrinth designed by someone with a particularly wicked sense of humor. But here's a beacon of hope: The Consumer Financial Protection Bureau (CFPB) has thrown a lifeline to borrowers. The catch? You've got to act fast-by April 30, to be precise.
Apr 04, 2024 2:11 PM EDT
Tesla Sales Slump as More Affordable Options Hit the Road (Is Now the Time to Buy?)
As global competition in the electric car industry intensified and the company's earlier price reductions failed to draw in additional customers, Tesla's sales dropped precipitously in the most recent quarter.
Apr 04, 2024 7:22 AM EDT
Spring Hope Blooms! More Homes on the Market, Buyer Optimism Up
With more properties on the market and buyers ready to buy now that the winter frost has passed, the spring purchasing season is heating up.
Apr 04, 2024 4:02 AM EDT