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News

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

News

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.

News

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.

News

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.

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

JetBlue's New Bag Fee Surprise: What You Need to Know

JetBlue is increasing the cost of checking bags during busy travel times by using surge pricing for bag checks, comparable to what Uber does.

Apr 04, 2024 2:37 AM EDT

Your Favorite Chocolate Could Soon Be a Luxury You Can't Afford

Chocolate addicts take note: it's likely to grow more expensive to satisfy your already expensive addiction.

Apr 03, 2024 6:10 AM EDT

How Stores Like Target Use Your Data to Sell You More

For the past three quarters, Target store sales have decreased as consumers have been shopping at competitor Walmart (WMT.N), Temu (PDD.O), Shein, and other direct-to-consumer retailers searching for better deals.

Apr 03, 2024 5:21 AM EDT

The Red Glare of the Baltimore Bridge Collapse Conspiracy Theorists

The collapse of the Baltimore bridge bearing Francis Scott Key's name following a collision with a 948-foot-long cargo ship on Tuesday killed six construction workers and snarled port traffic into the East Coast. Almost immediately, conspiracy theories surrounding the events that led to the tragedy ran rampant.

Apr 02, 2024 3:03 PM EDT

Housing Affordability Hits Rock Bottom, Economist Says

Remember the days when snagging your dream home was as simple as saving up for a down payment and signing on the dotted line? Well, those days seem to be tucked away in our grandparents' photo albums, next to pictures of $0.25 gas and milk delivered to your doorstep. Today's housing market paints a starkly different picture, one where "affordability has just totally collapsed," according to economists and recent studies.

Apr 02, 2024 2:59 PM EDT