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Economy, Energy

“America is running out of diesel fuel. Here’s why it matters to consumers”

“While gasoline prices have moderated since hitting their record high in June, the price of diesel fuel has stubbornly remained above $5 a gallon. AAA’s daily fuel price survey puts the national average price at $5.30 a gallon, 43 cents… Continue Reading…

Business

“Facebook’s Monopoly Is Imploding Before Our Eyes”

“For years, the definition of success for many tech employees has been getting a job at a FAANG company (Facebook, Amazon, Apple, Netflix, Google). Amazon, Apple, Microsoft, Facebook, and Google, meanwhile, are often the five major companies people think of… Continue Reading…

Cryptocurrencies

“Lower Volatility Confounds Crypto Traders Used to Yo-Yo Swings”

“In contradiction to its usual tempestuousness, Bitcoin and some other cryptocurrencies have become less choppy, stupefying market-watchers who’ve long known them for their volatility. The average spread between the past month’s peak and trough across the 10 largest digital assets… Continue Reading…

Banking

“Fed Is Losing Billions, Wiping Out Profits That Funded Spending”

“The bond market is enduring its worst selloff in a generation, triggered by high inflation and the aggressive interest-rate hikes that central banks are implementing. Falling bond prices, in turn, mean paper losses on the massive holdings that the Fed… Continue Reading…

Economy, Personal Finance

“63% of Americans are living paycheck to paycheck — including nearly half of six-figure earners”

“As of September, 63% of Americans were living paycheck to paycheck, according to a recent LendingClub report — near the 64% historic high hit in March. A year ago, the number of adults who felt strained was closer to 57%. “Consumers are… Continue Reading…

Economy, Energy

“Inflation triggers strikes across France…”

“They began weeks ago with refinery workers who went on strike to demand higher salaries, partly arguing that oil and gas companies have raked in profits from Europe’s soaring energy prices — a trend being driven by Russia’s war in… Continue Reading…

Economy

“Turkey prices are 73% higher than last year and might stay that way through Thanksgiving, commodities strategist says”

“The ongoing spread of bird flu will likely affect the price and availability of turkeys this Thanksgiving. Right now the price per pound of an 8 to 16 pound turkey is $1.99, up from $1.15 last year, according to USDA data. This is a 73% increase…… Continue Reading…

Economy, Personal Finance

“66% of American workers are worse off financially than a year ago due to inflation, report finds”

“…As inflation pressures continue, two-thirds of working adults said they are worse off financially than they were a year ago, according to a recent report by Salary Finance. To make ends meet, many are dipping into their cash reserves or going into debt.… Continue Reading…

Economy

“The typical U.S. household is spending $445 more a month due to inflation…”

“Inflation is causing American households to spend $445 more per month buying the same items they did a year ago, according to an estimate from Moody’s Analytics. Consumer prices jumped by 8.2% in September versus the same month in 2021, the U.S.… Continue Reading…

Business, Economy

“‘Know your worth’ — 33% of job seekers said they wouldn’t even go to a job interview without seeing the salary first”

“Workers are pushing for greater pay transparency, whether employers like it or not. Such conversations around income expectations used to be “the elephant in the room,” said Vicki Salemi, career expert at Monster.com. Now, 33% of job seekers said they… Continue Reading…