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Economy

“These risk factors suggest borrowers could struggle when student loan payments resume, report finds”

July 3, 2023

“Many student loan borrowers face risk factors that suggest they could struggle covering their bills, especially after the Supreme Court struck down President Biden’s federal student loan forgiveness proposal and repayment will resume in October. To that point, about 20% of borrowers… Continue Reading…

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Stocks

“Abercrombie & Fitch surges more than 20% after reporting surprise profit”

May 24, 2023

“Shares of Abercrombie & Fitch soared more than 20% on Wednesday after the mall retailer beat estimates, raised its guidance and reported a surprise profit.  Here’s how Abercrombie did in its fiscal first quarter compared with what Wall Street was anticipating, based… Continue Reading…

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Personal Finance

“35% of millionaires say retirement is ‘going to take a miracle,’ report finds”

February 6, 2023

“…Although the rich are getting richer, 58% of high net worth individuals said they accept that they will have to keep working longer and 36% worry that retirement may not even be an option, according to data from Natixis Investment… Continue Reading…

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Economy

“Huge chunk of plants, animals in U.S. at risk of extinction -report”

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…

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Economy, Stocks

“Dow climbs nearly 200 points after December CPI report shows cooling inflation”

January 12, 2023

“Stocks advanced Thursday after December’s consumer price report showed inflation cooled for the month, raising hopes the Federal Reserve can once again slow interest rate hikes. The Dow Jones Industrial Average gained 186 points, or 0.6%. The S&P 500 added… Continue Reading…

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Business, Economy, Personal Finance

“The IRS reminds Americans earning over $600 on PayPal, Venmo, or Cash App transactions to report their earnings”

December 5, 2022

“If you use third-party payment platforms, like PayPal, Venmo or Cash App, to collect payments for your side gig or business, the Internal Revenue Service (IRS) wants to remind you to report payments of at least $600. This rule is aimed at individuals who… Continue Reading…

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Economy, Personal Finance

“66% of American workers are worse off financially than a year ago due to inflation, report finds”

October 19, 2022

“…As inflation pressures continue, two-thirds of working adults said they are worse off financially than they were a year ago, according to a recent report by Salary Finance. To make ends meet, many are dipping into their cash reserves or going into debt.… Continue Reading…

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Banking

“Citigroup reports 25% decline in third-quarter profits but tops revenue expectations”

October 14, 2022

“Citigroup said Friday that its third-quarter earnings fell 25% as it bulked up its credit loss provisions and investment banking slumped. However, Citi shares gained more than 2% as revenue climbed more than analysts expected, helped by rising interest rates, and… Continue Reading…

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Cryptocurrencies

“Coinbase shares slide 11% on hot inflation report”

October 13, 2022

“Shares of cryptocurrency exchange Coinbase dove more than 11% on Thursday after the Consumer Price Index showed inflation continued to increase in September beyond Wall Street’s expectations. Bitcoin and other stocks tied to the success of crypto felt the pain, too. Riot Blockchain, Marathon Digital and Microstrategy were all lower… Continue Reading…

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Stocks

“Tesla shares dip after third-quarter production and deliveries report”

October 3, 2022

“Shares of Tesla slid about 7% early Monday after the electric vehicle maker released third-quarter production and delivery numbers on Sunday that fell short of analysts’ estimates.  Tesla reported 343,000 total deliveries and 365,000 vehicles produced during the quarter, which missed analysts’ expectations of… Continue Reading…

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