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The Taylor Swift Fallacy: Why Big Events Don't Always Equal Big Boosts

The Taylor Swift Fallacy: Why Big Events Don't Always Equal Big Boosts

Some are innocuous, such as the recurring claims that Taylor Swift's current global tour generates $1,300 or more in local spending for every $100 spent on tickets wherever she travels.

May 22, 2024 10:05 AM EDT


GLP-1 Weight Loss Option Now 85% Cheaper with Hims & Hers

GLP-1 Weight Loss Option Now 85% Cheaper with Hims & Hers

Injectable GLP-1 weight reduction medications are being sold by direct-to-consumer pharmaceutical firm Hims & Hers Health at a far lower price than name-brand rivals like Wegovy and Ozempic.

May 21, 2024 01:18 PM EDT


Freddie Mac Sees Limited Rate Cuts, Dampening Housing Hopes

Freddie Mac Sees Limited Rate Cuts, Dampening Housing Hopes

For those who are purchasing a home, the year has been difficult thus far because of the combination of rising loan rates and high housing costs. Regretfully, there might not be much respite for the rest of 2024.

May 21, 2024 01:14 PM EDT


Target Cuts Prices on Thousands of Essentials as Inflation Pinches Budgets

Target Cuts Prices on Thousands of Essentials as Inflation Pinches Budgets

As inflation bites into household budgets and more Americans become more frugal with their purchasing, Target intends to lower prices on thousands of consumer staples this summer, ranging from milk to diapers.

May 21, 2024 01:12 PM EDT


Homeownership Strained by 25% Property Tax Hike, Soaring Insurance Costs

Homeownership Strained by 25% Property Tax Hike, Soaring Insurance Costs

The increase in property taxes and homeowners' insurance costs is a growing threat to homeowners' financial stability and decision-making processes

May 20, 2024 02:14 PM EDT


U.S. Consumers Putting Off Purchases for Pools, Mattresses

US Consumers Putting Off Purchases for Pools, Mattresses Due to Inflation

As high inflation and interest rates hurt, Americans are delaying some more expensive, traditionally financed purchases.

May 20, 2024 02:15 PM EDT


US Considers Strategies to Address Rising National Debt

US Considers Strategies to Address Rising National Debt

Government debt has increased by about 50% since the beginning of the Covid pandemic, causing concern in Washington and on Wall Street.

May 20, 2024 01:47 PM EDT


Goldman Sachs Targets Private Equity After Credit Suisse Shakeup

Goldman Sachs Targets Private Equity After Credit Suisse Shakeup

In an attempt to fill the hole left by unrest at regional banks and the sale of Credit Suisse, American investment bank Goldman Sachs is pushing its way into the lending market for asset managers and private equity.

May 18, 2024 10:26 AM EDT


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


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