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Walmart Forecast Hints at Continued Buying Power

Walmart Stock Up by 7%, Forecast Hints at Continued Buying Power

In accordance with prior comments made by one of its major suppliers and a competitor retailer, Walmart's optimistic outlook for the retail industry on Thursday indicated a solid consumer base in the United States.

May 17, 2024 12:04 PM EDT


Wall Street Soars: Dow at 40,000

Dow Unexpectedly Soars to 40,000, Marking the Highest for Wall Street

The Dow just reached 40,000 for the first time, marking the latest high point in an unexpectedly successful year for Wall Street.

May 17, 2024 12:56 PM EDT


Social Security 2025: COLA on the Rise, But Will It Keep Up?

Social Security 2025: Cost-of-Living-Adjustment Increased to 3.2%, But Will It Keep Up?

After the government announced that April inflation was in line with experts' predictions, the most recent estimate of Social Security's cost-of-living adjustment 2025 increased to 3.2%, according to new figures released on Wednesday.

May 16, 2024 01:17 PM EDT


Hong Kong

Hong Kong's Status as an International Financial Center at Crossroads

Hong Kong lost its status as a global financial hub amidst shifting rankings and regulatory hurdles. Read the implications of China's tightening grip and cross-border capital flow uncertainties.

May 15, 2024 11:59 PM EDT


Survey Shows Real Estate America's Favorite Long-Term Bet

Real Estate Not Stocks Give the Greatest Long-Term Investment, Survey Shows

According to a recent Gallup poll, even though the majority of Americans have money stashed away in the stock market, they don't think it makes the greatest long-term investment. What then is it?

May 16, 2024 11:01 AM EDT


Hong Kong's Once-Thriving Financial Empire at a Turning Point

Hong Kong's Financial Status Plummets EUI from Fourth to Ninth Place Amidst Global Rankings and China's Grip

Hong Kong's business ecosystem has caused the EIU to downgrade it to ninth place and the Global Financial Centers Index to rank it fourth.

May 15, 2024 11:32 PM EDT


Can Taxing the Rich Save Social Security?

Can Taxing the Rich Save Social Security?

Due to a budget deficit, Social Security may not be able to provide retired Americans with their full payments in around ten years.

May 15, 2024 02:39 PM EDT


Trump Allies Gather as Cohen Testifies on 'Hush Money' Allegations

Trump Allies Gather as Cohen Testifies on 'Hush Money' Allegations

House Speaker Mike Johnson was among a group of close Republican allies of Donald Trump who showed up in the Manhattan criminal courthouse on Tuesday to express support for the former president while his attorneys tried to discredit the key witness in the "hush money" trial.

May 15, 2024 02:01 PM EDT


California Landline Battle Could Bring Nationwide Relief For Your Bills

California Landline Battle Could Bring Nationwide Relief For Your Bills

AT&T is requesting that California utility regulators reject its request to be relieved of its obligation to offer traditional landline phone service.

May 14, 2024 05:30 PM EDT


Retail Shakeup: Are Your Favorite Stores on the Chopping Block?

Retail Shakeup: Are Your Favorite Stores Closing? 3,200 Store Closures Recorded

According to a recent report, the retail industry is struggling as it deals with consumers who are tired of paying for inflation and a wave of bankruptcies.

May 14, 2024 05:36 PM EDT


Should You Stay Invested? Market Treads Water as Inflation Looms

Should You Stay Invested? Market Treads Water as Inflation Reach 3.3% Annually

The S&P 500 ended the week very slightly down as investors took a break following three weeks of gains.

May 14, 2024 05:33 PM EDT


US Airlines Challenge Biden's Fee Transparency Directive

US Airlines Challenge Biden's Fee Transparency Directive

American airlines have filed a lawsuit to prevent the Biden administration from imposing more transparency on the fees that they charge their customers.

May 14, 2024 05:33 PM EDT


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