Cooling Inflation, Rising Rates: Are High-Yield Savings Accounts Still Your Best Bet?
The recent years have not been the best for interest rate environments. The greatest inflation rate in decades, coupled with high interest rates intended to control it, has caused Americans to feel the pinch of the economy almost everywhere-from their mortgage payments to their food bills.
Feb 23, 2024 06:07 AM EST
Reddit's IPO Filing Shows Growth, But Questions Remain
Reddit made public its initial public offering (IPO) filing on Thursday, one day before its much-awaited scheduled March stock market debut in the United States. The social network firm said that its net loss decreased to $90.8 million and revenue growth was around 21% in 2023.
Feb 23, 2024 12:19 AM EST
Investors Flock to Nvidia as AI Dominates Company Projections
With its shares up 10% after hours, Nvidia predicted an almost threefold increase in quarterly revenue on Wednesday, comfortably above predictions as the firm cashed in on the enormous demand for its market-leading artificial intelligence processors.
Feb 22, 2024 10:01 AM EST
Can These 3 Stocks Weather the US-China Trade War?
The U.S. and China have a complex economic relationship that is both codependent and competitive.
Feb 22, 2024 09:33 AM EST
Biden Administration Delivers Major Student Loan Forgiveness
On Wednesday, the Biden administration announced that it will automatically forgive 153,000 debtors' $1.2 billion in student loan debt.
Feb 22, 2024 06:53 AM EST
How Robots Saved the US Economy
Due to a persistent lack of workers, many businesses have had to invest in machines to perform some of the labor that has to be done by humans.
Feb 22, 2024 12:29 AM EST
Americans' Credit Card Addiction Fuels $35 Billion Merger
Since the pandemic, Americans have relied more and more on their credit cards. So much so that they are ready to risk over $30 billion on Capital One's wager that they won't give up the habit.
Feb 22, 2024 12:08 AM EST
Conference Board Abandons U.S. Recession Call After Months of Warning
The Conference Board renounced its long-standing prediction on Tuesday that the US economy will enter a recession, despite the fact that its Leading Economic Index continues to predict flat economic production in the coming months.
Feb 21, 2024 06:10 AM EST
Pre-Scheduled SNAP Payments Rolling Out Now
Beginning on February 12, 2024, thousands of Americans will get their new SNAP food stamp payment within the same week. Y
Feb 21, 2024 05:19 AM EST
Walmart Earnings Beat Estimates, Sales Up 7%, But Average Transaction Size Dips
In an economically difficult climate plagued by a recent bout of inflation, Walmart's cheap pricing attract consumers searching for discounts, and the company reported another quarter of exceptional profits, finishing the year on a high note.
Feb 21, 2024 02:30 AM EST
3 Cheap Stocks Long-Term Investors Shouldn't Miss
These three excellent consumer stocks are currently trading at ridiculously low levels.
Feb 20, 2024 07:10 AM EST
Biden Administration Counters China with US Chip Investment
The US government plans to give the computer chip manufacturer GlobalFoundries $1.5 billion to increase its domestic operations in New York and Vermont, the Biden administration said on Monday.
Feb 20, 2024 04:50 AM EST
Experts Predict the 2024 Homebuying Season
Less than a month separates us from the actual start of spring, and some homebuyers are already preparing for a busy season. Spring is always a busy time of year for house sales, and this year's promising economic trends can stoke the flames even more.
Feb 20, 2024 02:07 AM EST
Fear Still Lingers: Investors Wary After 2022 Crypto Crash
The week ending February 17 saw a record $2.45 billion influx into digital asset products, including Bitcoin's price appreciation.
Feb 20, 2024 12:45 AM EST
Fed's Rate Cut Plans Boost Prospects for Asian Currency Strength
While a rate drop by the US Federal Reserve later this year may not be good news for the US dollar, certain Asian currencies might benefit from it.
Feb 19, 2024 08:43 PM EST