Cart

0

Economy

“Producer prices rose 11.2% from a year ago in March, the biggest gain on record”

“…The producer price index, which measures the prices paid by wholesalers, increased 11.2% from a year ago, the most in a data series going back to November 2010. On a monthly basis, the gauge climbed 1.4%, above the 1.1% Dow… Continue Reading…

Economy, Personal Finance

“25% of Americans felt financially stressed all the time last year, CNBC + Acorns Invest in You survey found”

“…One-quarter of Americans said that they felt financially stressed all the time last year, according to a CNBC + Acorns Invest in You survey, conducted by Momentive. The online survey of nearly 4,000 adults was conducted March 23-24.   Another 41% said… Continue Reading…

Real Estate

“Surging interest rates push mortgage demand down more than 40% from a year ago”

“…Total mortgage application volume fell another 6% last week compared with the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index. Volume was down 41% from the same week one year ago. The average contract interest rate for… Continue Reading…

Economy

“The Probability of Recession In The Next Year Could Be As High As 35%”

“ EDITOR’S NOTE: Signs of inflation were beginning to appear in 2020, long before the CPI had even breached the 2% target level. Yet, hardly anybody considered inflation a real threat. Fast forward to today, three critical recessionary signs are flashing… Continue Reading…

Economy

“51% of workers are likely to look for a new job this year: How to spot red flags before you interview”

“Just over half, 51% of Americans say they are likely to look for a new job in the next 12 months, according to a recent Bankrate survey of 2,449 adults. Post pandemic, among workers’ key priorities are higher pay (52%), flexible work hours (43%), and the ability… Continue Reading…

Personal Finance

“46% of taxpayers plan to save their refunds this year”

“Many Americans are planning to use any refunds they get from the IRS to grow their personal wealth. Some 46% of people plan to save their refunds, according to a LendingTree survey of more than 1,000 taxpayers conducted online Feb. 7 through… Continue Reading…

Business, Economy

“Half of Americans quit their jobs last year to make a career change…”  

“…It turns out the “Great Resignation,” also known as the “Great Reshuffle,” has many Americans rethinking the type of work they are doing. Some 53% of employed U.S. adults who quit their job in 2021 changed their occupation or field… Continue Reading…

Energy

“Hydrogen generation could become a $1 trillion per year market, Goldman Sachs says”

“Hydrogen has an important role to play in any transition to net-zero and its generation could develop into a market worth over $1 trillion a year, according to Goldman Sachs. “If we want to go to net-zero we can’t do it… Continue Reading…

Economy

“Superyacht Sales Jumped 77% Last Year as Inventories Shrank”

“Superyacht sales climbed to record levels last year, sapping supply and boosting prices to heights unlikely to soften despite the tumultuous start to 2022 in financial markets. A total of 887 superyachts were sold in 2021, a 77% jump from… Continue Reading…

Economy

“Debt Up $2 Trillion in 1 Year of Biden”

“When President Joe Biden was sworn in on Jan. 20, 2021, the federal government’s debt stood at $27,751,896,236,414.77. When his first year in office ended on Jan. 20, 2022, it stood at $29,867,021,509,573.92. That means that during Biden’s first 12… Continue Reading…