December 19, 2022
“BlackRock Inc. strategists say traders that have started to bet on a sharp slowdown in inflation are setting themselves up for disappointment. While they acknowledge that prices pressures are ebbing faster than expected, they contest consensus bets that see the… Continue Reading…
December 19, 2022
“American millionaires are trimming their holiday spending and becoming more budget-conscious as a result of inflation, a sign that spending cuts are now rising up the wealth ladder, according to a CNBC survey. The CNBC Millionaire Survey found 80% of… Continue Reading…
December 15, 2022
“EDITOR’S NOTE: Markets were closely watching the Jobs Report in the first week of December, worried that job growth beyond consensus estimates would signal a continuation of inflation, especially amid a high level of job openings. Citi’s recent statement peers beyond… Continue Reading…
December 15, 2022
“EDITOR’S NOTE: America may be going through its own housing recession, but in Sweden, its domestic housing crisis is so severe, it’s cratering a sizable chunk of the EU’s economy. Similar to the 2008 subprime crisis in the US, Sweden’s… Continue Reading…
December 12, 2022
“…“Your Social Security benefits will increase by 8.7% in 2023 because of a rise in cost of living,” the Social Security Administration states in the annual statements it is currently sending to beneficiaries. The 8.7% increase will be the highest in 40… Continue Reading…
December 8, 2022
“Manhattan rents rose 2% in November, dashing hopes that prices would cool and forcing many renters to give up their leases or downsize, according to brokers. The median rent for a Manhattan apartment in November hit $4,033, up from $3,964… Continue Reading…
December 8, 2022
“Gasoline prices are now cheaper across the U.S. than they were a year ago, and the price per gallon could fall below $3 for most Americans by the end of the year. According to AAA, the national average for a gallon… Continue Reading…
December 6, 2022
“…According to the National Energy Assistance Directors Association (NEADA), roughly 20 million households in the U.S. — one out of six homes — are behind on their utility bills. As of August, these families owe about $16.1 billion in total,… Continue Reading…
November 29, 2022
“Consumers spent a record $9.12 billion online shopping during Black Friday this year, according to Adobe, which tracks sales on retailers’ websites. Overall online sales for the day after Thanksgiving were up 2.3% year over year, and electronics were a… Continue Reading…
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