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Stocks

“Twitter shares soar more than 20% after Elon Musk takes 9% stake in social media company”

“Outspoken Tesla CEO Elon Musk purchased a giant stake in Twitter that makes him the largest outside shareholder in the social media stock, not long after criticizing the company for what he said was its failure to uphold the tenets of free speech. Musk owns… Continue Reading…

Business

“Ford’s first quarter sales fell 17% as the automaker battled a chip shortage”

“Ford Motor’s U.S. sales of new vehicles declined 17% during the first quarter, including a 26% slide last month, as the automaker continues to battle a global shortage of semiconductor chips. The automaker on Monday reported first quarter sales of 432,132… Continue Reading…

Banking

“The Fed’s preferred inflation gauge rose 5.4% in March, the highest since 1983”

“…Excluding food and energy prices, the personal consumption expenditures price index increased 5.4% from the same period in 2021, the biggest jump going back to April 1983. Including gas and groceries, the headline PCE measure jumped 6.4%, the fastest pace since January… Continue Reading…

Economy

“72% of workers have regrets about quitting an old job for a new one “

“In February, 4.4 million people quit their jobs, according to data from the Bureau of Labor Statistics, and a whopping 6.7 million people were hired into new roles. Workers, not employers, have the upper-hand right now, and many are taking advantage… Continue Reading…

Economy

“The Probability of Recession In The Next Year Could Be As High As 35%”

“ EDITOR’S NOTE: Signs of inflation were beginning to appear in 2020, long before the CPI had even breached the 2% target level. Yet, hardly anybody considered inflation a real threat. Fast forward to today, three critical recessionary signs are flashing… Continue Reading…

Personal Finance

“About 70% of medical debt to be erased from credit reports: Here’s what that means for your credit score”

“The major credit bureaus, Equifax, Experian, and TransUnion, just announced a major change to how medical debt is included in your credit history. Soon 70% of medical debt will be removed from consumers’ credit reports, according to a joint statement released March 18.… Continue Reading…

Economy

“51% of workers are likely to look for a new job this year: How to spot red flags before you interview”

“Just over half, 51% of Americans say they are likely to look for a new job in the next 12 months, according to a recent Bankrate survey of 2,449 adults. Post pandemic, among workers’ key priorities are higher pay (52%), flexible work hours (43%), and the ability… Continue Reading…

Business, Economy

“50% of companies want workers back in office 5 days a week–why experts say this strategy could fail”

“About 50% of leaders say their company already requires or is planning to require employees to return to in-person work full-time in the next year, according to new research from Microsoft, which surveyed 31,102 workers around the world between January and… Continue Reading…

Personal Finance

“46% of taxpayers plan to save their refunds this year”

“Many Americans are planning to use any refunds they get from the IRS to grow their personal wealth. Some 46% of people plan to save their refunds, according to a LendingTree survey of more than 1,000 taxpayers conducted online Feb. 7 through… Continue Reading…

Economy

“Inflation rose 7.9% in February, as food and energy costs push prices to highest in more than 40 years”

“…The consumer price index, which measures a wide-ranging basket of goods and services, increased 7.9% over the past 12 months, a fresh 40-year high for the closely followed gauge, according to the Labor Department’s Bureau of Labor Statistics… Food prices rose… Continue Reading…