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…
January 27, 2023
“Some of the world’s largest oil and gas companies are poised to report record annual profits, raking in extraordinary revenues following a year of volatile fossil fuel prices amid Russia’s onslaught in Ukraine. Oil majors Exxon Mobil, Chevron , BP,… Continue Reading…
January 20, 2023
“…According to CNBC, American workers were earning an average of $27.45 per hour in June of 2022. Back in 1972, the same workers made an average of $3.88 an hour… When adjusted for inflation, American workers are earning just 12 cents… Continue Reading…
January 20, 2023
“The U.S. officially hit its $31.4 trillion debt ceiling on Thursday – launching a ticking time bomb toward a potentially “calamitous” debt default. Unable to break the political deadlock in Congress, the Treasury will now take “extraordinary measures” to ensure… Continue Reading…
January 16, 2023
“The International Monetary Fund said that fragmentation could cost the global economy up to 7% of GDP in a new report… The IMF lists a number of factors contributing to increasing global fragmentation, including Russia’s invasion of Ukraine and the Covid-19 pandemic… The IMF… Continue Reading…
January 11, 2023
“EDITOR’S NOTE: It’s interesting to see common optimism floating around on Wall Street as mainstream financial media often represents it. It certainly makes you wonder if this is truly the case, as any investor, from retail to professional, can simply look “under… Continue Reading…
January 10, 2023
“This year has stressed the finances of many Americans. According to a recent Credit Karma study, 68% of American adults said their finances either didn’t improve or stayed the same in 2022. The most common financial mistake cited by the study’s respondents was not saving… Continue Reading…
December 30, 2022
“…The housing market has “basically been in hibernation since late summer,” said Daryl Fairweather, the chief economist for Redfin, which anticipates 16 percent fewer home sales in 2023 compared to 2022, dropping to the lowest level since 2011, around the time… Continue Reading…
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