Economy
“October Sees Prices Stable Despite Further Slowing of Inflation
In October, prices held steady as inflation slowed further, according to figures released by the US government. The latest data from the Labor Department showed that the Consumer Price Index (CPI) – the main gauge of inflation – decreased by…
“Stealing the Truth: Uncovering the Reality Behind the Fear of Shoplifting Surge
With the holiday season just around the corner, retailers across the world are bracing for the risks posed by shoplifting. Over recent years, the perception has grown that there is a significant uptick in shoplifting activity during this time of…
. “Vince McMahon Cashing Out? Huge Shareholder Sale Rocks WWE!
Vince McMahon, the chairman and CEO of World Wrestling Entertainment (WWE) Parent Company TKO, recently announced plans to divest some of his company shares. This unexpected move comes as the wrestling entertainment giant reported strong Q3 2020 results and continued…
“Inflation Slowing Down: October Report Hints at Good News!
As we enter October, the country is preparing for the inflation report for the month of September. The report is expected to show slower price growth in comparison to previous months. The Consumer Price Index for All Urban Consumers (CPI-U)…
“MGM Resorts Strike Averted: Deal With Vegas Unions Reached!
MGM Resorts recently reached a tentative agreement with its employees which will help forestall a potential labor strike in Las Vegas. This agreement includes a 6% salary raise across the board as well as improvements to healthcare and other benefits…
“Autoworkers Scrutinize Record-Breaking Pay Increases – Will They Accept The New Deals?
As American auto-workers prepare for a crucial decision this week in whether to accept a proposed new contracts with striking workers nationwide, there remains a hesitancy to accept the offer in spite of promising pay increases. Record levels of wages…
“Buy Now or Pay Later – Is Buying a House Still Worth It Despite High Prices and Rates?
With high home prices, difficult mortgages, and ever-increasing interest rates, many worry whether now is the right time to purchase a house. Despite these facts, purchasing a home can still be a financially beneficial move for buyers in the right…
“WeWork: From a Company Valued at $47B to Bankruptcy Protection
The office-sharing company WeWork, once valued at a staggering $47 billion, recently filed for bankruptcy protection. This comes amid a tumultuous year for the company, marred with layoffs, lowered valuations, and an ongoing battle between its co-founder Adam Neumann and…
“Why Aren’t Americans Taking Advantage of an Upward Economy? Voting and Spending Habits Reveal Unexpected Attitudes.”
It’s no secret that the economy in the US has been in a strong position over the past few years, with the unemployment rate at its lowest since 1969 and wages growing at their fastest rate in a decade. However,…
Breaking Records: Uncovering the Marked Increase in Credit Card Balances
The U.S. Consumer Financial Protection Bureau (CFPB) recently released its 2020 Consumer Credit Card Market Report, which shows that consumer credit card balances had spiked in the third quarter to a record-breaking $1.08 trillion. This figure marks an 11% increase,…