Buffett on Wealth Inequality and Economic Growth
Warren Buffett, the iconic investor and Chairman of Berkshire Hathaway, isn't shy about addressing the gaps between the rich and poor.
Americans Are Misjudging Economy, Per Biden Administration
A recent Harris poll for The Guardian reveals widespread misconceptions about the U.S. economy. Most Americans (56%) believe the country is in a recession, but it's not
Memorial Day BBQ Costs Rise… So Prepare to Spend More
Planning a Memorial Day barbecue? Get ready to spend more than last year.
Stocks Edge Higher Amid Choppy Week
Stocks nudged higher on Friday, wrapping up a volatile week.
Americans Are Split on Economy Despite Growth
More than half of Americans believe the U.S. is in a recession, even though the GDP has been growing for several years.
New York Fed Enhances Supply Chain Data with New Indexes
The Federal Reserve Bank of New York is enhancing its supply chain data tracking with new "Supply Availability Indexes."
McDonald's $5 Meal Deal Is A Limited-Time Offer That's Causing a Stir
McDonald’s is launching a $5 Meal Deal in the U.S. to attract customers amid rising inflation.
Walmart's High-Income Shopper Bubble Is Growing
Walmart’s recent success, driven by higher-income shoppers, might not last.
McDonald's Ends Free Drink Refills, Sparking A Trend Across Fast Food
Say goodbye to free soda refills at McDonald's, a move that's stirring up more than just the ice in customers' cups.
Oil Prices Fluctuate Amid Conflicting Demand Signals
Oil prices fluctuated within a tight range on Friday, as investors weighed mixed signals from the world's top oil consumers, China and the U.S. Brent crude slipped 13 cents to $83.75 per barrel, while West Texas Intermediate (WTI) fell 4 cents to $79.22.
McDonald's Plans $5 Meal Deal to Win Back Price-Sensitive Diners
McDonald's is reportedly gearing up to introduce a $5 meal deal, aiming to attract customers who felt priced out by recent hikes.
The U.S. is Facing A Retirement Reality Check
A recent survey by asset management firm Schroders revealed that only 4% of retirees feel they are "living the dream," while another 4% are "living the nightmare."
Forbes Advisor Explores the Cost of Savings With Metro and State Rankings
California's reputation for high living costs is well-known, but a recent report from Forbes Advisor highlights other areas across the United States that can put a strain on your wallet.
Dining Dynamics Shift in California Amid Rising Fast Food Prices
This shift comes as fast food joints across California, like McDonald's, Chick-fil-A, and Pizza Hut, have bumped their prices by about 10% since last September.
U.S. Cities Grapple with Financial Strains Post-Pandemic
Across the United States, municipal governments are tightening their belts as the financial support from the pandemic era fades and inflation persists.
U.S. Residential Electricity Bills in 2023 Rose Less Than Rate of Inflation
In 2023, the average monthly electricity bill for U.S. homes nudged up by 2% to $138, which was actually less dramatic compared to the overall inflation rate of 4.1%.
California Fast Food Chains Raise Prices in Response to Minimum Wage Increase
Following California's new $20-an-hour minimum wage law that kicked in on April 1, fast food joints across the state have bumped up their menu prices.
Updated Perspectives on Retirement Savings
In recent years, Americans have adjusted their retirement savings targets significantly.
Shifting Consumer Sentiment Sparks A Signal for Transportation and Logistics
In April, U.S. consumer sentiment took a sharper downturn than expected, hitting 77.9 from March's 79.4, reflecting growing concerns over inflation which continues to influence the economic outlook.
California Fast-Food Workers' Wage Hike to $20 an Hour
In California, a significant new law has just kicked in, raising the minimum wage for fast-food workers to $20 an hour.