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.
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.
Sweden's Experiencing a Surprising Billionaire Boom
Sweden, known for its social equality and high taxes, is now home to a growing number of super-rich individuals.
Home Equity Loans Could Supercharge the U.S. Economy
Meredith Whitney, the once-celebrated financial forecaster, is eyeing a potential game-changer for the U.S. economy, and it doesn't involve government spending.
Freddie Mac's Proposal Is A Game Changer for the U.S. Economy and Homeowners
Imagine pumping nearly $1 trillion into the U.S. economy without adding a cent to the national deficit.
Apple's Stock Surges on Record Buyback and Solid Earnings
Apple's shares saw a significant jump, soaring over 7% on Friday after the tech giant reported impressive second-quarter earnings.
Rising Interest Rates Push Homebuyers Toward Adjustable Rate Mortgages
In the face of soaring interest rates, many U.S. homebuyers are opting for adjustable rate mortgages (ARMs) as a more affordable alternative to traditional fixed-rate mortgages.
Generational Wealth Transfer of Inheritance Among Millennials Isn’t That Simple
The average net worth for older Americans might seem high, but this number is skewed by wealthier individuals.
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.
New Jersey Challenges New York's Congestion Pricing Plan in Court
New Jersey has taken legal action against New York's congestion pricing program, arguing that it unfairly shifts traffic and pollution burdens to its communities.
BlackRock's Robert Mitchnick Challenges Bitcoin's Risk Perception
Robert Mitchnick, BlackRock's digital assets lead, suggests that Bitcoin behaves more like digital gold than a high-risk investment, contrary to popular belief.
BlackRock Challenges Texas’ $8.5 Billion Withdrawal Decision
in a recent development, BlackRock, the world's largest asset manager, is challenging Texas' move to pull out about $8.5 billion from the Texas Permanent School Fund (PSF), alleging it's a boycott against energy companies.
U.S. Surpasses China as Global Leader in Millionaire and Billionaire Growth, Report Reveals
The U.S. has overtaken China as the leading nation for millionaires and billionaires, reports Henley & Partners and New World Wealth in their 2024 USA.
United Airlines Faces $2 Billion Loss Since Scrapping Flight Change Fees
United Airlines made headlines three years ago when it axed flight change fees, a move that has cost the company an estimated $2 billion.
Financial Expert Dave Ramsey Warns Against Using HELOCs for Debt and Home Equity Access
Dave Ramsey, a financial expert, is concerned about the growing trend of homeowners using home-equity lines of credit (HELOCs) to access their home equity for various purposes, such as buying additional property or paying down consumer debts.
Small Businesses Express Concerns to Fed's Powell About Inflation and Interest Rates
Federal Reserve Chair Jerome Powell and Patrick Harker, head of the Federal Reserve Bank of Philadelphia, visited York, Pennsylvania, to hear the concerns of small-business owners grappling with inflation, high interest rates, labor shortages, and post-pandemic economic challenges.
US Inflation Falls, but Challenges Persist in Reaching Fed's 2% Target Amid Economic Pressures
Inflation in the US has dropped from 9% to 3% over the past year, but reducing it to the Federal Reserve's 2% target rate proves to be a tougher task.
XPO Logistics Achieves Reduction in Damage Claims and Pursues Further Improvements
XPO Logistics has achieved a reduction in its damage claims ratio as a percentage of LTL (Less Than Truckload) revenue, which remained at 0.7% in Q2, showing improvement from the previous year.
Moody's Issues Warning of Potential Credit Rating Downgrade for 6 Major US Banks
Credit ratings agency Moody's has placed the credit ratings of six major US banks, including Bank of New York Mellon, State Street, and Northern Trust, under review for a possible downgrade.