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Economy

“Biden okays $60 million in aid after Baltimore bridge collapse as governor warns of ‘very long road ahead’”

April 2, 2024

“Maryland Gov. Wes Moore warned Thursday of a “very long road ahead” to recover from the loss of Baltimore’s Francis Scott Key Bridge as the Biden administration approved $60 million in immediate federal aid after the deadly collapse… The sudden… Continue Reading…

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Business, Economy

“The wealth of the 1% just hit a record $44 trillion”

April 2, 2024

“…The wealth of the top 1% hit a record $44.6 trillion at the end of the fourth quarter, as an end-of-year stock rally lifted their portfolios, according to new data from the Federal Reserve. The total net worth of the… Continue Reading…

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Business

“Home Depot is acquiring specialty distributor SRS for $18.25 billion in huge bet on growing pro sales”

April 1, 2024

“Home Depot on Thursday said it is acquiring SRS Distribution in an $18.25 billion deal, the latest and largest sign of its ambitions to drive sales by winning more business from contractors, roofers and other home professionals. The home improvement retailer expects… Continue Reading…

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Stocks

“Reddit prices IPO at $34 per share in first major social media offering since 2019”

March 28, 2024

“Reddit, the 19-year-old website that hosts millions of online forums, priced its IPO on Wednesday at $34 a share, the top of the expected range. The offering brought in $519 million, according to a press release, and values the company at… Continue Reading…

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Precious Metals

“Gold Retreats After Topping $2,200 an Ounce for the First Time”

March 26, 2024

“…The precious metal rose as much as 1.6% to a record $2,220.89 in early trading before erasing gains to drop as much as 0.9%. Gold has rallied nearly 10% since mid-February as the outlook for looser US monetary policy triggered… Continue Reading…

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Energy

“U.S. crude prices crack $81 as oil supply deficit forecast for 2024”

March 19, 2024

“U.S. crude oil futures cracked $81 a barrel on Thursday, ending the day at the highest level since early November as the International Energy Agency now forecasts a supply deficit for 2024. The West Texas Intermediate contract for April rose $1.54 ,… Continue Reading…

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Business, Economy

“Credit card late fees will soon be capped at $8—why you should aim to pay on time anyway”

March 8, 2024

“…On Tuesday, the Consumer Financial Protection Bureau finalized a rule that will cap credit card late fees at $8. Currently, card users are typically hit with a $32 fee for late payments, according to the agency… The rule is expected to go… Continue Reading…

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Cryptocurrencies

“Bitcoin tops $68,000 as it nears 2021 all-time high” [MON, MAR 4]

March 7, 2024

“Bitcoin jumped to start the week, edging even closer to its all-time high after the rally took a breather over the weekend. The flagship cryptocurrency was last higher by 9% at $68,635.20, according to Coin Metrics. At one point, it rose… Continue Reading…

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Economy

“…Wharton professor sees $34 trillion debt triggering 2025 meltdown as mortgage rates spike above 7%: ‘It could derail the next administration’”

March 7, 2024

“…Gomes predicts America’s $34 trillion debt burden may upset the world’s financial markets as early as next year—should a president-elect announce a raft of expensive policies. And remember the UK’s mortgage meltdown following a disastrous premiership under Prime Minister Liz… Continue Reading…

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Economy

“America’s $125 MILLION ‘guaranteed income’ giveaway: Huge rise in taxpayer-funded programs offering no-string handouts of up to $36,000 – including D.C. scheme used by mom to buy $6K luxury Miami vacation”

March 6, 2024

“Taxpayer-funded ‘guaranteed income’ programs that hand struggling families up to $36,000 with no strings attached are being rolled out across the country, DailyMail.com analysis reveals. The schemes, whose total value exceeds $125 million, have surged in popularity since the pandemic as… Continue Reading…

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