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.
Shipping Costs Rising in Select L.A. County ZIP Codes
If you're using FedEx or UPS for shipping, especially in Los Angeles County, keep an eye on your bills – they're about to go up.
Wealthy Americans Building "Passport Portfolios" for Security and Flexibility
Wealthy American families are increasingly obtaining second, or even multiple, citizenships and residences, a trend highlighted by Henley & Partners, a law firm specializing in high-net-worth citizenships.
New Delivery Surcharges by FedEx and UPS Affecting Urban Areas
FedEx and UPS have introduced Delivery Area Surcharges (DAS) in 82 additional ZIP codes across the US, covering nearly 1% of the population.
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.
Where the Wealthy Retire: America's Richest Retirement Towns
Looking for a plush spot to spend your retirement? Well, GoBankingRates.com just ranked the richest retirement towns in the U.S., and it's quite the list!
BlackRock CEO Larry Fink Addresses Retirement System's Strain
Larry Fink, CEO of BlackRock, points out in his annual letter that the U.S. retirement system is under a lot of pressure due to Americans living longer and spending more years in retirement.
Dynamic Pricing Is Coming For Fast Food
In the not-so-distant future, your ideal burger munching time might not align with your growling stomach.
February CPI Report Reveals Mixed Trends for Inflation
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 Hits Record High Amid U.S. Unemployment Rise
Gold prices soared to a new record high on Friday, driven by reports of a rise in the U.S. unemployment rate.
Five Guys' Price Debate Ignites Social Media Frenzy
A recent viral social media post sparked a lively discussion about the prices at Five Guys, a popular burger chain in America.
Insights into America's Financial Struggles and Priorities with Credit Card Debt
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.
Balancing Inflation and Recession Risks Amid Fed Rate Cut Debates
In 2021 and 2022, as inflation surged, the Federal Reserve was criticized for delaying interest rate hikes, allowing prices to soar. Now, with inflation easing, there's concern the Fed might move too slowly to cut rates, risking a recession, some economists argue.
Strong Job Growth and Wage Increases Continue in U.S. Economy Amidst Rising Interest Rates
In January, the U.S. economy added a surprising 353,000 jobs, surpassing economists' predictions of 177,000.
Rising Insurance Premiums Squeeze Corporate Profits
Hidden inflationary costs are squeezing corporate profits, and it's not just the usual suspects like input and freight costs.
Extreme Cold Freezes Gas Production, Sparks Concerns of Record Electricity Demand and Soaring Prices
Recent sub-zero temperatures across the United States have caused gas wells to freeze, resulting in an 11-month low in gas production, according to Reuters.
Offshore Wind Farm Project Terminated Due to Economic Challenges
Developers of the proposed offshore wind farm near Long Beach, Long Island, announced the termination of the Empire Wind 2 project due to economic challenges - including inflation, increased interest rates, and supply chain disruptions.
Economic Uncertainty Looms Over 2024 Presidential Election
As we gear up for 2024 - a big election year - it's hard not to think of James Carville's famous line from 1992, "It's the economy, stupid."
2023 Showcased Mixed Economic Shifts in the United States
In 2023, the U.S. economy saw a combination of positive and negative trends.