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Business, Economy

“Credit card debt increases by $50B to new record high”

February 12, 2024

“Credit card debt in the United States increased by $50 billion in the fourth quarter of 2023, according to recent findings from the New York Federal Reserve. The latest report, released Tuesday, found the total credit card balances stood at $1.13 trillion… Continue Reading…

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Economy

“Inflation increases more than expected in December”

January 17, 2024

“…The December Consumer Price Index (CPI) showed pricesticked up slightly at 0.3% over last month, an increase from the 0.2% seen in November. Prices rose 3.4% over the prior year, an increase from the3.1% increase seen the month prior… When removing… Continue Reading…

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Business

“Roku to cut about 10% of its workforce as it ups quarter sales expectations and shares soar, again”

September 6, 2023

“Roku is cutting about 10% of its workforce, or 360 people, and it will limit new hiring as it cuts costs to stem a series of quarterly losses. The streaming platform also said in a regulatory filing Wednesday that it… Continue Reading…

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Business, Stocks

“Shopify stock falls nearly 7% as forecast disappoints amid escalating Amazon rivalry, price increases”

February 16, 2023

“…In their forecast, Shopify executives guided for revenue to grow “in the high-teen percentages” in the fiscal first quarter, while not providing a forecast for any profit metric nor for the full year. Analysts on average were projecting first-quarter revenue… Continue Reading…

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Economy, Energy

“…Americans are warned to budget for $5-A-GALLON gas as oil prices surge during Russian invasion of Ukraine and US national average rises to $3.61”

March 4, 2022

“Americans can expect to see gas prices to rise to $5 a gallon in the coming weeks, as the cost of oil continues to rise in the days following Russia’s invasion of Ukraine, experts say – and some parts of California… Continue Reading…

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Economy, Uncategorized

Worker Shortage Hits Military “Army ups bonuses for recruits to $50K…”

January 13, 2022

“The U.S. Army, for the first time, is offering a maximum enlistment bonus of $50,000 to highly skilled recruits who join for six years, The Associated Press has learned, as the service struggles to lure soldiers into certain critical jobs… Continue Reading…

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Economy

“Rising Prices and Wage Increases Will Normalize The US Economy”

November 3, 2021

“EDITOR’S NOTE: Market Watch explains why inflation is happening and how it will push the economy back closer to its pre-pandemic “normal” state. “Inflation is always caused by too much money chasing too few goods,” and the abundance of money… Continue Reading…

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