Inflation Bites as Low-Income Shoppers Skip Extras
Several of the most well-known companies in America claim that as prices rise, inflation is pinching their customers.
May 03, 2024 3:12 PM EDT
Is it Time to Invest in Weed? Pot Stocks Rise on Reclassification, But Caution Urged
Cannabis company shares shot up on Tuesday afternoon following the U.S. Marijuana was reclassified by the Department of Justice (DoJ) as a less harmful substance.
Protect Your Wallet: FBI Warns of Rising Elder Fraud Targeting Seniors
According to a recently released FBI report, Americans over 60 were the victims of so-called elder fraud crimes more often last year than any other year, accounting for an estimated $3.4 billion in total reported losses.
Is China's Central Bank Gold-Buying Spree A Precursor for War? Part I of II
Since 2009, China has more than doubled its gold reserves. In wartime, particularly in wars perpetrated in violation of international law, the resulting international sanctions can force an invader state to rely on its gold reserves. Thus if a country is preparing to go to war and incur sanctions, it will ensure it has an ample reserve of gold.
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Milei's Radical Approach to Overhauling Argentina's Fiscal Deficit
Javier Milei, the libertarian president of Argentina, is intensifying his efforts to reduce the nation's large budget deficit by focusing more on "chainsaw" expenditure cutbacks and "blender" austerity measures that reduce buying power and, he believes, curb out-of-control inflation.
May 02, 2024 3:08 PM EDT
JPMorgan Predicts No Rate Cuts, Potentially Boosting Returns
JPMorgan Chase & Co. President Daniel Pinto suggested that the Federal Reserve might not cut interest rates at all this year due to persistently high inflation.
May 02, 2024 2:59 PM EDT
Can Small Businesses Survive Without TikTok?
As the TikTok ban approaches in the United States, millions of usersâ ncluding owners of small businesses are frantically trying to decide what to do.
Apr 29, 2024 7:50 PM EDT
Is Newark the New Brooklyn? Signs of a City in Transformation
Over the past year, a number of significant development projects have been approved in Newark, where there is a surge in construction that mostly consists of new housing.
Apr 29, 2024 7:37 PM EDT
Big Changes for US Workers: Overtime Pay, Non-Compete Restrictions Explained
This week, the federal government took two steps that could have far-reaching effects for millions of American workers.
Apr 26, 2024 1:34 PM EDT
Costco's Gold Bars Part II: From Africa to the Alps to You
So where exactly does that shiny new "999.9 fine gold minted" bar from Costco come from? Under that "Essayeur Fondeur" Swiss authenticity stamp lies a long, bloody trail of death and tears.
Apr 26, 2024 1:26 PM EDT
Elon Musk's Promise of Affordable EVs Sends Tesla Shares Skyrocketing
Following CEO Elon Musk's announcement that the electric car business intends to start producing new, reasonably priced EV models by early 2025, Tesla shares finished up 12% on Wednesday.
Apr 26, 2024 1:24 PM EDT
Short on Cash? A Guide to Using Earn-Wage Apps Safely and Affordably
Several businesses provide a lending service known as Earned Wage Access, including EarnIn. In order to help workers meet their daily necessities and pay their obligations, the applications provide tiny, short-term loans to them between paychecks.
Apr 25, 2024 2:26 PM EDT
Low-Income Borrowers Face Loan Delinquency as Prices Rise
According to current data and bank executives, U.S. borrowers with lower incomes are finding it more and more difficult to make their loan payments. As a result, banks are becoming more cautious when granting credit cards and auto loans.
Apr 23, 2024 4:45 AM EDT
Another Retailer Bites the Dust: How Express's Struggles Reflect the Changing Retail World
Express Inc. has filed for Chapter 11 bankruptcy protection. Once a trailblazer in casual workplace wear, the company has struggled to compete with retailers like Zara and H&M.
Apr 23, 2024 2:23 AM EDT
Biden's Renewed Effort for Tuition-Free Community College Could Transform Personal Finances
President Joe Biden indicated that he was still hopeful about making some college education free when he disclosed the specifics of his Plan B for student loan forgiveness.
Apr 22, 2024 11:10 AM EDT
Fewer Self-Checkouts at Walmart: Could This Mean More Cashiers and Lower Prices?
Walmart is getting rid of the self-service lanes at a store in Missouri, joining the ranks of businesses reevaluating self-checkout.
Apr 22, 2024 10:19 AM EDT
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