National Debt Drowns in Record $34 Trillion, Congress Squabbles Over Lifeline
With the gross national debt of the federal government at above $34 trillion, it is a record level that portends political and economic obstacles to improving America's balance sheet in the years to come.
Jan 04, 2024 9:46 AM EST
SpaceX Blasts Critics into Unemployment, But Labor Agency Says It's Illegal
A U.S. labor agency accused rocket and satellite manufacturer SpaceX on Wednesday of forcibly terminating eight workers for distributing a letter denouncing founder and CEO Elon Musk as a "distraction and embarrassment."
U.S. Trade Protection Efforts Face Hurdles as Maersk Cites Security Concerns on Key Route
Even with attempts to shield commercial vessels from assaults by Iranian-backed Houthi insurgents headquartered in Yemen, there is still a significant risk to international trade in the Red Sea.
National Average Gas Price Dips Under $3 for the First Time This Year
Lower gasoline prices could aid individuals in recuperating from excessive holiday spending. Lower gasoline prices could aid individuals in recuperating from excessive holiday spending.
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Popular EVs Lose Their Shine as US Tax Credits Take a Nosedive
New battery sourcing regulations went into effect on Monday, which resulted in the loss of tax credits of up to $7,500 for a number of electric cars, including the Nissan Leaf, Tesla Cybertruck All-Wheel Drive, select Tesla Model 3s, and Chevrolet Blazer EV, the U.S. stated Treasury.
Jan 02, 2024 7:51 AM EST
New York Cheers as Minimum Wage Climbs in 2024
As the clock crept over to 2024, New York's minimum-wage workers had more reason to rejoice on Monday than just the start of a new year.
Jan 02, 2024 4:47 AM EST
The Best of Money Times 2023
Welcome to "The Best of Money Times 2023," a curated compilation that highlights the most insightful, intriguing, and influential financial news and analyses of the year. In this comprehensive overview, we navigate through the dynamic landscape of global finance, covering a myriad of topics ranging from economic trends and market dynamics to investment strategies and corporate developments.
Dec 30, 2023 11:22 PM EST
Jim Rogers Predicts Epic Crash, Eyes "Magnificent 7" Short Attack
Renowned investor Jim Rogers anticipates a significant decline in asset prices and foresees an economic downturn.
Dec 29, 2023 12:50 PM EST
How Wage Gains Propelled Social Security Checks to $5,000 Heights
Due to tax-related modifications and inflation, Social Security beneficiaries may see significant changes in 2024 that will affect everything from their monthly income to their tax obligations. In 2024, the monthly top benefit is expected to reach close to $5,000.
Dec 29, 2023 11:13 AM EST
Social Media Giants Rake in $11 Billion from Kids' Ads, Study Says
According to a research released on Wednesday by the Harvard T.H. Chan School of Public Health, social media corporations generated over $11 billion in advertising income from children in the United States last year.
Dec 28, 2023 5:48 AM EST
January 1 Brings Raise Day for Millions Across the US
A new study suggests that the implementation of higher minimum wages across 22 states on January 1 will benefit over 10 million workers economically.
Dec 27, 2023 7:10 AM EST
SoftBank Makes Billions on T-Mobile, Investors Cheer
The announcement that SoftBank Group Corp will get shares in telecom T-Mobile US valued at about $7.59 billion at no additional cost caused a 5% increase in the Japanese conglomerate's stock.
Dec 27, 2023 6:00 AM EST
Apple Fights for Watch Future as US Ban Looms Large
In response to a complaint from the medical monitoring technology firm Masimo, Apple on Tuesday challenged a decision to prohibit imports of its watches after U.S. The administration of President Joe Biden chose not to veto a federal tribunal.
Dec 27, 2023 3:03 AM EST
Americans Defy Inflation Blues with Booming Holiday Spending
According to the most recent assessment, holiday sales increased this year and spending held steady over the shopping season despite Americans grappling with rising costs in certain places and other financial concerns.
Dec 26, 2023 9:06 PM EST
Nasdaq Ready to Rocket in 2024? This "Magnificent Seven" Stock Could Lead the Charge
Though it is already fading in memory, Wall Street's worst performance in recent memory was the market turmoil of 2022. As of Tuesday's market closing, the Nasdaq Composite had risen 43% this year after falling more than 35% the previous year.
Dec 26, 2023 11:50 AM EST
Delimobil Gears Up for Historic Public Offering in 2024
Three finance sources said on Monday that Delimobil, a car-sharing firm, would be the first Russian company to make a long-awaited initial public offering (IPO) in 2024. The listing could raise up to 4 billion roubles ($43.5 million).
Dec 26, 2023 11:00 AM EST
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