Alarm Over Fake Medical Devices: Roche Sues After Counterfeits Found on Amazon
One of the biggest biotech firms in the world, Roche, said that "dangerous counterfeits" of its diabetic medical equipment were being sold on Amazon and purchased by patients across the country.
Jun 11, 2024 11:30 AM EDT
Gold Mine Production Stalls as Existing Resources Deplete, Industry Faces Challenges
According to the World Gold Council, the mining sector is finding it challenging to maintain output growth as yellow metal resources become more difficult to locate.
Feds Team Up to Oversee Booming AI Industry
The broad contours of an agreement that could result in increased government supervision of the quickly developing artificial intelligence market, which includes major players like Microsoft, Nvidia, and OpenAI, have been approved by federal regulators, two individuals with knowledge of the negotiations told CBS News.
Homeownership Costs Surge, Expect $18,000 Yearly in Taxes, Insurance, Utilities
The cost of house ownership is rising by thousands of dollars due to rising rates for utilities, property taxes, and homeowners insurance.
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Adults Drive Toy Market for First Time Ever
For the first time, adults purchased more toys for themselves last quarter than any other age group, exceeding the traditionally strong preschooler sector.
Jun 11, 2024 3:00 AM EDT
Strategies to Maximize Your Savings with High Rates
The benchmark interest rate set by the Federal Reserve is still 23 years high. This is because the central bank decided on Wednesday to maintain its current policy level, as it has done at the previous five meetings of the policy-making committee.
Jun 10, 2024 10:15 AM EDT
"Roaring Kitty" Disappoints, GME Slips 40% After Long-Awaited Livestream
Keith Gill, also known as "Deep-------Value" on Reddit and as "Roaring Kitty" on X and YouTube, conducted his first livestream after the three-year-old meme stock craze.
Jun 10, 2024 9:43 AM EDT
Spotify Leads Potential Price Increase Wave in Audio Streaming Services
Following new pricing increases for its premium US membership plans, Wall Street bulls continue to laud Spotify's (SPOT) outlook, which has led to a spike in the company's shares. The stock has increased by almost 70% since the beginning of the year.
Jun 10, 2024 7:46 AM EDT
Big Tech Soars, But Can Other Sectors Keep Up to Fuel Market Rally?
Since the start of the most recent stock market rise in October 2022, investors have taken it for granted that Big Tech will continue to expand.
Jun 10, 2024 3:36 AM EDT
'Zombie' Firms Swell in Ranks, Survival Uncertain
These businesses, known as "zombies," are so deeply indebted that they can barely make ends meet, pay back the interest on their loans, and frequently only one bad business decision away from going out of business forever.
Jun 08, 2024 10:08 PM EDT
'Safe' Asset Loses Shine, Leaving High-Net-Worth Investors Reeling
According to a recent analysis from Capgemini Research Institute, as of January 2024, high net worth individuals (HNWI) with investable assets ranging from $1 million to over $30 million increased their exposure to fixed income by five percentage points to 20%. Out of all the main asset classes, that was the highest growth in exposure.
Jun 08, 2024 7:20 AM EDT
Secret Menu for Savings: Restaurant Apps That Hack Your Next Meal
Many restaurants, particularly fast food and fast-casual restaurants provide patrons who use their app with free food or beverages.
Jun 08, 2024 6:53 AM EDT
Hacks to Save on Uber and Lyft
The cost of ride-sharing may quickly go up, particularly if you require a trip during a price spike. However, there are methods to avoid having to spend top price.
Jun 07, 2024 12:50 PM EDT
Forget Waiting for the "Right Time": Why Investing Now Makes Sense
One of those things that we put off till "someday" is investing; perhaps you'll discover the ideal time in life to make the investment, or perhaps you won't have enough money to invest now. Perhaps you're delaying investing until after you've paid off your school debts or make your first home purchase.
Jun 07, 2024 12:20 PM EDT
Tipping Trends: Survey Shows Consumer Behavior Shifting
According to a Bankrate study issued on Wednesday, the number of respondents who say they always tip their hair stylists, wait staff at sit-down restaurants, and food delivery workers has decreased by 8 percentage points since 2021.
Jun 07, 2024 11:42 AM EDT
Feds Sue Largest US Booze Distributor for 'Secret Kickbacks' to Retailers
The Federal Trade Commission is planning an antitrust action against the largest U.S. alcohol distributor, Southern Glazer's Wine and Spirits.
Jun 07, 2024 6:59 AM EDT
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