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Soaring Costs Push US Consumers Away from Fast Food

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 05:27 AM EDT


Strong US Economy Masks Struggles of Low-Income Consumers

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 05:26 AM EDT


The Fall Guy Bombs Despite Star Power and $2.4 Billion Frenzy

'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.

May 12, 2024 09:50 PM EDT


Second Trump Presidency Could Spell Gains for Crypto

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 05:22 AM EDT


Social Security, Medicare Get Reprieve: Benefits Secured for Another Decade

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.

May 12, 2024 09:49 PM EDT


TikTok Ban on Hold? App Fights for 170 Million US Users

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 05:17 AM EDT


Equinox’s Ultra-Pricey Program Aims to Extend Your Life

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

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 03:04 AM EDT


Bond Yields Drop as Job Growth Slows

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 04:18 PM EDT


Will Apple Keep Buffett Smiling? Doubts Emerge Over Company's Dominance

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 04:18 PM EDT


To The Trenches

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 04:17 PM EDT


Regulatory Hurdles Remain Despite Cannabis Reclassification

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 03:16 PM EDT


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