April 5, 2023
“Private sector hiring decelerated in March, flashing another potential sign that U.S. economic growth is heading for a sharp slowdown or recession, payroll processing firm ADP reported Wednesday. Company payrolls rose by just 145,000 for the month, down from an… Continue Reading…
March 9, 2023
“More consumers are leaning on credit cards to afford increasingly expensive necessities such as food and rent. That helped propel total credit card debt to a record $930.6 billion at the end of 2022, an 18.5% spike from a year… Continue Reading…
March 9, 2023
“But analysts say one catch is that shifting manufacturing to the U.S. will raise the price of chipmaking — and, perhaps, the prices of popular devices that use chips, like smartphones and game consoles…. “The major reason for the cost… Continue Reading…
February 24, 2023
“The U.S. will use funds from the $52 billion CHIPS and Science Act to create at least two large-scale logic fabs for the manufacture of semiconductors, along with multiple high-volume advanced packaging facilities, by 2030, Commerce Secretary Gina Raimondo announced… Continue Reading…
February 6, 2023
“A leading conservation research group found that 40% of animals and 34% of plants in the United States are at risk of extinction, while 41% of ecosystems are facing collapse. Everything from crayfish and cacti to freshwater mussels and iconic… Continue Reading…
February 3, 2023
“Amid stock market gyrations, recession fears and loftier payouts, consumers last year pumped a record sum of money into annuities, a type of insurance that offers a guaranteed income stream. Buyers funneled $310.6 billion into annuities in 2022, according to estimates published… Continue Reading…
February 3, 2023
“The Labor Department’s Bureau of Labor Statistics says a whopping 517,000 non-farm jobs were created in January, way above estimates of 183,000. “Job growth was widespread, led by gains in leisure and hospitality (+128,000), professional and business services (+82,000), and… Continue Reading…
February 2, 2023
“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…
February 2, 2023
“The debt limit standoff between Republicans and Democrats has elevated questions about creative solutions for averting a crisis, including one that at first blush might seem unthinkable: Could minting a $1 trillion platinum coin make the whole problem go away? What was… Continue Reading…
January 30, 2023
“Don’t look now, but gas prices are heading back up, and GasBuddy predicts the national average could hit $4 again in a couple of months. The price for a gallon of regular is up more than 13% nationally over the… Continue Reading…
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