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Economy

“Private sector payrolls rose 113,000 in October, less than expected, ADP says”

November 1, 2023

“…The payrolls processing firm said that companies added 113,000 workers for the month, higher than the unrevised 89,000 in September but below the Dow Jones consensus estimate of 130,000. On wages, ADP said pay was up 5.7% from a year ago, the… Continue Reading…

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Economy, Personal Finance

“Only 19% of Americans increased their emergency savings in 2023. ‘That puts households in a bind,’ expert says”

October 25, 2023

“Largely due to high inflation and rising interest rates, 81% of adults said they did not contribute to their emergency savings this year, and 60% also said they feel behind when it comes to building a cash cushion, according to a new Bankrate report…”… Continue Reading…

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Real Estate

“Mortgage rates near 8%, an ‘inventory crisis’: Homebuyers face a ‘tricky’ market, expert says”

October 13, 2023

“…With fewer people selling their houses, she said, there is now an “inventory crisis.” “We’ve seen a crunch — our first-time homebuyers are struggling,” she added… Mortgage rates are currently approaching 8%, the highest level in decades, and have priced many first-time… Continue Reading…

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Economy, Personal Finance

“52% of Americans say they need to earn at least $100,000 a year to be financially comfortable”

September 7, 2023

“… Nearly 1 in 3 say a salary between $50,000 and $99,999 would suffice, the survey of over 4,300 adults found. Still, 52% of Americans say they would require at least $100,000 a year to be financially comfortable, with 26% saying… Continue Reading…

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Economy

“EU economics chief says Europe is gripped by a ‘double crisis’…”

September 4, 2023

“…“I think we are we facing the impact of the double crisis,” Gentiloni said in reference to the geopolitical impact from Russia’s full-scale invasion of Ukraine and the subsequent economic hit to the European continent. “From a geopolitical point of… Continue Reading…

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Economy

Say No To Mask Mandates and Returning government lockdowns.

August 19, 2023

Ok It seems like a problem is arising that will severely harm all of us. This must be stopped ahead of time. I’m going to make it my mission to make sure this garbage never happens again. Our country can’t… Continue Reading…

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Real Estate

“Mortgage rates could hit 8%, economists say, citing a worrying sign not seen since the Great Recession”

August 17, 2023

“…Three experts told MarketWatch that if the economy continues to show signs of strength, and the U.S. Federal Reserve hikes its benchmark interest rate once again, rates could go up to 8%.  High rates have already taken a toll on… Continue Reading…

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Economy

“UK Headed for Recession if Rates Reach 6%, Economist Says”

June 20, 2023

“Britain could tip into a shallow recession if the Bank of England pushes its benchmark lending rate to 6% as investors expect, an analysis by Bloomberg Economics showed. Gross domestic product would shrink about 0.3% this year and by 1.4%… Continue Reading…

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Economy, Personal Finance

“As emergency savings drop and credit card balances rise, experts say taking 3 steps can help”

May 30, 2023

“Americans have suffered in “declines in overall financial well-being,” according to a new annual Federal Reserve report on economic well-being of U.S. households released last week. Only 63% of all adults can cover an unexpected $400 expense, the report on 2022 found, down from… Continue Reading…

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Economy

“Markets are sounding alarms on China’s economy, but an analyst says Wall Street is missing the big picture”

May 30, 2023

“Financial markets have been raising red flags recently about China’s economy, but an analyst said Wall Street is missing the big picture. Growth in the world’s second largest economy accelerated to 4.5% in the first quarter from 2.9% in the… Continue Reading…

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