Feds Say Credit Card Fees May Outweigh Perks
Biden administration officials are questioning credit card loyalty programs that influence millions of people's purchasing decisions.
May 13, 2024 12:20 PM EDT
5-Year Payoff: New Study Examines College Return on Investment
Whether a college degree is worth the cost is one of the main concerns that families have these days, especially in light of escalating tuition and fees that may leave graduates with debts totaling tens of thousands of dollars from student loans.
'The Fall Guy' Bombs Despite Star Power and $2.4 Billion Frenzy
Despite a strong start, "The Fall Guy's" box office issues reveal a grim reality after a $2.4 billion sensation. Although the action comedy received positive reviews, the film has had trouble making money.
Social Security, Medicare Get Reprieve: Benefits Secured for Another Decade
According to the annual Social Security and Medicare trustees report released on Monday, the go-broke dates for Social Security and Medicare have been pushed back due to altered expected depletion dates brought about by a stronger economy.
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Trump’s 2017 Tax Package Will Expire Soon Resulting to Increase of Future IRS Payments
The almost $4 trillion in tax cuts that are about to expire provide an enormous problem for the victor of November's presidential election; the Biden White House is bringing this topic up in the lead-up to November.
May 12, 2024 9:49 PM EDT
Over 25% of US Consumers Earning Below $50,000 Avoid Fast Food Due to High Cost
According to a January survey conducted by consulting company Revenue Management Solutions, over 25% of those with incomes under $50,000 were reducing their use of fast food, citing expense as a reason.
May 11, 2024 5:27 AM EDT
Strong US Economy Masks Struggles of Low-Income Consumers
One of the primary foundations preventing the U.S. economy from entering a recession-resilient family spending-is beginning to show signs of weakness.
May 11, 2024 5:26 AM EDT
Trump's Second Presidency Could Spell Gains for Crypto, NFTs
Geoff Kendrick, the head of FX Research and Digital Assets Research at Standard Chartered Bank, suggests that a win by former U.S. President Donald Trump in the upcoming November U.S. presidential election could have a positive impact on Bitcoin.
May 11, 2024 5:22 AM EDT
TikTok Ban on Hold? App Fights for 170 Million US Users
On Tuesday, TikTok and its Chinese parent firm ByteDance filed a lawsuit in a U.S. federal court, attempting to overturn a bill that President Joe Biden had signed that would have required the 170 million Americans who use the short video app to either divest or outright prohibit it.
May 11, 2024 5:17 AM EDT
Equinox’s Ultra-Pricey Program Aims to Extend Your Life
Equinox, a high-end fitness business, is charging for the ultimate luxury: longer life. The business unveiled a subscription on Monday that, at a whopping $36,000 annually, entitles users to more than 100 tests designed to improve health and lengthen life.
May 10, 2024 10:47 AM EDT
Biden and McConnell Under Fire as Rand Paul Denounces Spending on Ukraine Aid
Senator Rand Paul criticized President Biden and Senate Minority Leader Mitch McConnell during an interview aired on Sunday, focusing on the expenditure of "borrowed" money on Ukraine.
May 10, 2024 3:04 AM EDT
Bond Yields Drop as Job Growth Slows
After the April jobs data revealed weaker-than-expected payroll growth and an unexpected tick higher in the unemployment rate, U.S. Treasury rates fell on Friday.
May 06, 2024 4:18 PM EDT
Will Apple Keep Buffett Smiling? Doubts Emerge Over Company's Dominance
Even as late as 2020, four years after his investment colossus began to build a sizable stake in the business that produces iPhones, Warren Buffett of Berkshire Hathaway was still using a flip phone.
May 06, 2024 4:18 PM EDT
Is China's Central Bank Gold-Buying Spree a Precursor for War? Part II of II
The idea of a nation acquiring large gold reserves in preparation for military endeavors is not without historical precedent. Prior to World War I, European powers increased their gold reserves, and a century later, Russia's central bank doubled its gold holdings in the years before its invasion of Ukraine. This same strategic stockpiling of gold could be inferred from China and its pre-war positioning for a Taiwan incursion.
May 06, 2024 4:17 PM EDT
Regulatory Hurdles Remain Despite Cannabis Reclassification
Tuesday afternoon saw a spike in cannabis stocks due to reports that the Biden administration might reclassify the substance as less harmful. T
May 03, 2024 3:16 PM EDT
Is Your Luxury Bag Real? Rising Superfake Quality Threatens Your Investment
Luxury handbag counterfeiting has taken off on social media. The most recent wave of counterfeit handbags, dubbed "superfakes," resembles the real luxury item remarkably well rather than being poorly constructed knockoffs.
May 03, 2024 3:13 PM EDT
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