Social Security 2025: Cost-of-Living-Adjustment Increased to 3.2%, But Will It Keep Up?
After the government announced that April inflation was in line with experts' predictions, the most recent estimate of Social Security's cost-of-living adjustment 2025 increased to 3.2%, according to new figures released on Wednesday.
May 16, 2024 01:17 PM EDT
Hong Kong's Status as an International Financial Center at Crossroads
Hong Kong lost its status as a global financial hub amidst shifting rankings and regulatory hurdles. Read the implications of China's tightening grip and cross-border capital flow uncertainties.
Real Estate Not Stocks Give the Greatest Long-Term Investment, Survey Shows
According to a recent Gallup poll, even though the majority of Americans have money stashed away in the stock market, they don't think it makes the greatest long-term investment. What then is it?
Hong Kong's Financial Status Plummets EUI from Fourth to Ninth Place Amidst Global Rankings and China's Grip
Hong Kong's business ecosystem has caused the EIU to downgrade it to ninth place and the Global Financial Centers Index to rank it fourth.
Latest 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.
Apr 06, 2024 06:31 AM EDT
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 03:08 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 02:45 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 02:11 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 07:20 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 02:11 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 07:22 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 04:02 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 02:37 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 06:10 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 05:21 AM 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 02:59 PM EDT