We survived “Bloody Friday”, but what shipping stocks are in store for could be far worse
Fears of a global recession have manufacturing activity operating at an all-time low, according to a US government report last week. Tankers seem to be the only facet of the shipping industry to have to do well and make a profit.
Cruise ship stocks have crashed, leaving some experts to warn that companies like Carnival can expect to drop to zero if things don’t change - and fast.
Warren Buffett, the iconic investor and Chairman of Berkshire Hathaway, isn't shy about addressing the gaps between the rich and poor.
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
Planning a Memorial Day barbecue? Get ready to spend more than last year.
More than half of Americans believe the U.S. is in a recession, even though the GDP has been growing for several years.
The Federal Reserve Bank of New York is enhancing its supply chain data tracking with new "Supply Availability Indexes."
McDonald’s is launching a $5 Meal Deal in the U.S. to attract customers amid rising inflation.
Walmart’s recent success, driven by higher-income shoppers, might not last.
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 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 is reportedly gearing up to introduce a $5 meal deal, aiming to attract customers who felt priced out by recent hikes.
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."
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.
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.
Across the United States, municipal governments are tightening their belts as the financial support from the pandemic era fades and inflation persists.
The City of Baltimore is holding the owner and manager of the cargo ship responsible for the tragic collapse of the Francis Scott Key Bridge last month.
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%.
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.
In recent years, Americans have adjusted their retirement savings targets significantly.
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.
Last month, a major incident occurred when Baltimore's Key Bridge, a crucial artery for transit and shipping, was struck by a cargo ship and collapsed.
The Unified Command, a coalition involving the U.S. Coast Guard, U.S. Army Corps of Engineers, and other key agencies, has started a crucial phase in the aftermath of the Baltimore bridge collapse.
In California, a significant new law has just kicked in, raising the minimum wage for fast-food workers to $20 an hour.
Big news in the world of engineering and transportation: the collapse of Baltimore's Francis Scott Key Bridge has experts pointing fingers at structural failures.
In the not-so-distant future, your ideal burger munching time might not align with your growling stomach.
In February, inflation spiked more than expected due to higher gas prices, yet slowed in other areas like food and housing, offering a silver lining.
Gold prices soared to a new record high on Friday, driven by reports of a rise in the U.S. unemployment rate.
A recent viral social media post sparked a lively discussion about the prices at Five Guys, a popular burger chain in America.
It's no secret that many Americans are grappling with credit card debt, with a Bankrate survey revealing that one in three adults had more credit card debt than savings in both 2023 and 2024.
Medical experts are warning that a prolonged strike at ports along the East and Gulf coasts could disrupt the supply of life-saving medications.