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Economy

“40% of Americans are afraid to walk alone at night — most in decades, poll says”

“…A recent Gallup poll found that 28% of Americans worry frequently or occasionally that they will be murdered, according to a Nov. 16 news release. That’s a near-record high… Meanwhile, half of U.S. adults said they worry their car will be… Continue Reading…

Banking, Economy

“Fed’s Kashkari: 40% chance of needing ‘meaningfully’ higher rates”

“A “soft landing” for the U.S. economy is more likely than not, Minneapolis Federal Reserve Bank President Neel Kashkari said on Tuesday, but there is also a 40% chance that the Fed will need to raise interest rates “meaningfully” to… Continue Reading…

Stocks

“AMC stock sinks after company announces plans to sell up to 40 million shares”

“AMC (AMC) Entertainment stock tanked more than 20% on Wednesday morning after the cinema chain announced plans to sell up to 40 million shares. The company said it plans to use the proceeds “to bolster liquidity, to repay, refinance, redeem or… Continue Reading…

Business, Stocks

“From $40 billion to ‘going concern’ — WeWork warns of possible bankruptcy”

“The spectacular collapse of a company once valued by SoftBank at $40 billion has been years in the making, but is still surprising given the number of large commercial buildings around the world that don the company’s name. The combination of the… Continue Reading…

Economy

“Parents pay at least one monthly bill for 40 percent of millennials”

“In a new survey, two-fifths of millennials say their parents still pick up one or more of their monthly bills.  And the most common parental subsidy is the largest: housing. Twenty-four percent of millennials say Mom or Dad pay their… Continue Reading…

Economy

“40% of households will pay no federal income tax this year…”

“…Some 72.5 million households or 40% of households will pay no federal income tax this year, down from the pre-pandemic high of 60% two years ago, according to new estimates from the Tax Policy Center. In 2021, nearly 56% of… Continue Reading…

Economy

“2 in 5 Americans say inflation will change their holiday shopping habits this year…”

“…According to a recent survey conducted by Bankrate, two out of five (40%) survey respondents said inflation will change the way they shop for the holidays this year. Recent results from the U.S. Bureau of Labor Statistics’ Consumer Price Index Summary also showed… Continue Reading…

Economy

“”Dr. Doom” Roubini Expects a ‘Long, Ugly’ Recession and Stocks Sinking 40%”

“Economist Nouriel Roubini, who correctly predicted the 2008 financial crisis, sees a “long and ugly” recession in the US and globally occurring at the end of 2022 that could last all of 2023 and a sharp correction in the S&P… Continue Reading…

Economy

“The Global Debt Crisis Continues As More Than 40 Countries Are At Risk of Debt Default”

“EDITOR’S NOTE: Sri Lanka’s economy seemed to have flourished for nearly two decades thanks to loans from China. But with inflation soaring and interest rates rising across the globe, China’s lines of credit ended up strangling the nation’s economic prospects.… Continue Reading…

Economy

“US inflation reached a new 40-year high in June of 9.1%”

“Surging prices for gas, food and rent catapulted U.S. inflation to a new four-decade peak in June, further pressuring households and likely sealing the case for another large interest rate hike by the Federal Reserve, with higher borrowing costs to follow.… Continue Reading…