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Personal Finance

“55% of Americans are behind on saving…”

“Around 55% of Americans say they’re behind on saving for retirement, a recent Bankrate survey found… But many Americans aren’t meeting those milestones. Those between 25 and 34 have median 401(k) balances of just over $14,000, per a report by investment firm Vanguard.… Continue Reading…

Personal Finance

“42% of Americans say money negatively impacts their mental health…”

“…42% of U.S adults say money is negatively impacting their mental health, according to a recent survey from Bankrate and Psych Central. The survey polled 2,457 adults about how finances affect their mental state. Feeling stressed is the top response to finances, according… Continue Reading…

Economy

“2 in 5 Americans say inflation will change their holiday shopping habits this year…”

“…According to a recent survey conducted by Bankrate, two out of five (40%) survey respondents said inflation will change the way they shop for the holidays this year. Recent results from the U.S. Bureau of Labor Statistics’ Consumer Price Index Summary also showed… Continue Reading…

Economy, Energy

“As Gas Prices Surge, Stations Now Hold Up to $175 of Your Money When You Swipe”

“Higher gasoline prices have led stations to raise the holds they put on cards by as much as 40%, a change that means overdraft risks for some… When drivers insert a credit or debit card at the pump, the gas… Continue Reading…

Business

“Elon Musk says Tesla’s car factories are ‘gigantic money furnaces’”

“Tesla CEO Elon Musk said his electric-car factories are “losing billions of dollars” as global supply-chain disruptions and challenges in battery manufacturing constrain the company’s ability to scale up production…. New factories in Berlin and Austin — where Tesla moved its… Continue Reading…

Cryptocurrencies

“More than $320 million stolen in latest apparent crypto hack”

“One of the most popular bridges linking the ethereum and solana blockchains lost more than $320 million Wednesday afternoon in an apparent hack. It is DeFi’s second-biggest exploit ever, just after the $600 million Poly Network crypto heist, and it is the largest attack to date… Continue Reading…

Investing, Precious Metals

“Big Money Is Eyeing Metals Over Oil As Mining Assets Soar”

“…The energy transition is driving the next commodity supercycle, with immense prospects for technology manufacturers, energy traders and investors. Indeed, new energy research provider BloombergNEF estimates that the global transition will require ~$173 trillion in energy supply and infrastructure investment over the… Continue Reading…

Economy

“‘Our Money Has No Value’: Frustration Rises in Turkey at Lira Crisis”

“Lines outside bread stores and gas stations; farmers defaulting on loans; impromptu street demonstrations. The signs of economic distress in Turkey are all too clear as the lira continues a dizzying slide. Sporadic protests have broken out around Turkey and… Continue Reading…

Personal Finance

How To Achieve Peace Of Mind About Money

Written by Tina Martin In 2017, a poll conducted by the American Psychological Association (APA) showed that 62 percent of Americans were dealing with stress over their finances. Unfortunately, stress is linked to a number of serious mental and physical… Continue Reading…

Personal Finance

“43% of adults say they have financially cheated on their partner”

“Have you always been financially faithful in your relationships? If the answer is no, you’re not alone. Some 43% of adults with combined finances in a relationship said they’ve committed an act of financial deception, according to a poll from… Continue Reading…