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Economy

“…40% of recent job switchers are again looking for a new position, survey finds”

April 12, 2022

“Two of every five workers who switched jobs over the past year are looking for work again, according to a new survey published by Grant Thornton, a consulting firm. These workers will likely account for a good deal of churn… Continue Reading…

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Economy

“52% of women, ages 50 and up, say the economy isn’t working well for them…”

April 7, 2022

“…they’re not happy with the economy, according to new research from AARP in partnership with pollsters Celinda Lake, Christine Matthews, Kristen Soltis Anderson and Margie Omero. Their recent poll found 52% of women in this age cohort say the economy… Continue Reading…

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Economy

“Newsom urged Californians to cut water use by 15%. In February they saved less than 1%

April 7, 2022

“Total water usage in California cities and towns decreased by just half a percent in February compared with the same month in 2020, a far cry from Gov. Gavin Newsom’s goal of reducing urban water use by 15%… Newsom in… Continue Reading…

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Real Estate

“Surging interest rates push mortgage demand down more than 40% from a year ago”

April 6, 2022

“…Total mortgage application volume fell another 6% last week compared with the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index. Volume was down 41% from the same week one year ago. The average contract interest rate for… Continue Reading…

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Stocks

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

April 4, 2022

“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…

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Business

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

April 4, 2022

“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…

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Banking

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

March 31, 2022

“…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…

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Economy

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

March 31, 2022

“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…

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Economy

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

March 22, 2022

“ 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…

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Personal Finance

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

March 22, 2022

“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…

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