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Economy

“Record Wave of Americans Fled Big Cities for Small Ones in 2023”

“…The remote work boom that prompted Americans to flee urban areas for mountain hamlets and seaside towns during the pandemic continued at least through last year, according to University of Virginia demographer Hamilton Lombard. An estimated 291,400 people last year migrated… Continue Reading…

Real Estate

“Fewer low-income Americans took out mortgages in 2023, study says”

“Fewer low-income Americans took out mortgage loans last year than 2020, real estate broker Redfin said in a report on Monday, as steep interest rates make homebuying less affordable. As aggressive rate hikes by the U.S. Federal Reserve have pushed… Continue Reading…

Economy

“Global military spending hit all-time high in 2023 after 7% jump, report finds”

“Global military spending reached a record high of $2.4 trillion in 2023 amid a “global deterioration in peace and security,” the Stockholm International Peace Research Institute said Monday. The figure marked a 6.8% increase from 2022 and the sharpest year-on-year… Continue Reading…

Economy

“More Americans say they are living paycheck to paycheck this year than in 2023…”

“More Americans may be struggling to make ends meet. A majority, 65%, say they live paycheck to paycheck, according to CNBC and SurveyMonkey’s recent Your Money International Financial Security Survey, which polled 498 U.S. adults. That’s a slight increase from last year’s… Continue Reading…

Economy

“Consumer prices rose 3.5% from a year ago in March, more than expected”

“…The CPI, a broad measure of goods and services costs across the economy, rose 0.4% for the month, putting the 12-month inflation rate at 3.5%, or 0.3 percentage point higher than in February, the Labor Department’s Bureau of Labor Statistics reported Wednesday. Economists… Continue Reading…

Stocks

“Trump Media stock closes 21% lower after company reports $58 million loss for 2023”

“The share price of Trump Media closed trading 21.47% lower on Monday, hours after the social media app company tied to former President Donald Trump reported a net loss of $58.2 million on revenue of just $4.1 million in 2023. Trump Media & Technology Group shares plunged… Continue Reading…

Business

“Stripe reveals it passed $1 trillion in total payment volume in 2023”

“Fintech giant Stripe revealed in its annual letter published Wednesday that it surpassed $1 trillion in total payment volume in 2023, up 25% from 2022. The milestone, which comes 15 years after the company was founded, offers a glimpse into the financials… Continue Reading…

Economy

“Britain falls into recession, with worst GDP performance in 2023 in years”

“…Gross domestic product fell 0.3% in the final three months of 2023, following a 0.1% contraction in the July-to-September period, the Office for National Statistics said. A recession is commonly defined as two consecutive quarters of contraction…” https://www.cnn.com/2024/02/15/economy/britain-falls-into-recession/index.html

Economy

“Cargo theft spiked over 57% in 2023 vs. 2022, new data shows”

“…Nearly $130 million worth of goods was stolen in 2023, but since reporting cargo theft is not mandatory, the amount is likely higher than this, according to CargoNet… Cargo theft refers to goods being stolen at any point in the… Continue Reading…

Economy

“Brazil Inflation Ends 2023 Above Forecasts But Within Target”

“Official data released Thursday showed consumer prices rose 4.62% in December from a year earlier, above the 4.55% median estimate in a Bloomberg survey. Monthly inflation accelerated to 0.56%. The central bank targets inflation at 3% this year and 3.25%… Continue Reading…