'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.
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.
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.
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Car Costs Climb Despite Price Dips: Maintenance, Gas Squeeze Budgets
Although the cost of new and used automobiles has decreased recently, having a car is becoming a more costly proposition overall.
Jun 07, 2024 12:05 AM EDT
Lab-Grown Diamonds Squeeze Prices, Putting Traditional Gem Market Under Pressure
According to Zimnisky's rough diamond index, diamond prices have dropped 5.7% so far this year, down more than 30% from their peak in 2022.
Jun 06, 2024 12:03 PM EDT
US Vitamins Supplier Attempts to Increase Prices of Vitamins A, E, and Others
Vitamin E and A are still under pressure to rise. There is rising pricing pressure from US suppliers, particularly for vitamin A.
Jun 06, 2024 12:01 PM EDT
Treasury to Re-enter Bond Market as Buyer, Citing Liquidity Concerns
According to a Treasury official on Wednesday, the Treasury repurchase program should increase liquidity in the US government bond market while other measures will provide pricing transparency and insight into the use of leverage.
Jun 06, 2024 11:55 AM EDT
US Ether ETF Launches Hinge on Issuer Readiness, Says SEC Chair
Exchange-traded funds (ETFs) linked to the cryptocurrency ether will likely start trading in tandem with the speed at which issuers react to the U.S. Gary Gensler, the chair, responded to the Securities and Exchange Commission's questions on Wednesday.
Jun 06, 2024 11:54 AM EDT
No Stimulus Checks in 2024, IRS and California Confirm
Between 2020 and 2021, the Internal Revenue Service (IRS) managed-and repeatedly bungled-the distribution of three distinct Economic Impact Payments.
Jun 05, 2024 9:54 PM EDT
Donald Trump Calls on Supreme Court to Step In on Hush Money Allegations
Numerous admirers adorned the roadways with banners endorsing Trump or denouncing President Biden. In a protest gesture, some people held the American flag upside down, imitating Marjorie Taylor Greene.
Jun 04, 2024 11:11 AM EDT
Summer Cooling Costs Set to Spike Nearly 8%
This summer, high temperatures will not only punish American people physically but also severely impair their finances.
Jun 04, 2024 11:08 AM EDT
US Tax Increase Expected Despite Biden’s $400K Guarantee
A framework for the goals Biden intends to pursue in his second term was provided by the Biden Administration's budget plan for 2025.
Jun 04, 2024 11:03 AM EDT
Stocks Inch Higher Despite Weak Manufacturing, NYSE Issues
Monday's turbulent session saw gains in the S&P 500 and the Nasdaq due to weak manufacturing sector data and a brief NYSE malfunction that stopped trading several stocks.
Jun 04, 2024 11:00 AM EDT
Trade Schools Gain Traction as Smart Investment
These days, four-year colleges and universities face fierce competition from growing numbers of institutions offering trade education.
Jun 03, 2024 1:32 PM EDT
Criminals Exploit Outdated Cards to Steal Government Benefit
An integral component of the expanding identity theft practice that targets the 42 million Americans with lower incomes who depend on EBT cards to access government food and cash assistance.
Jun 03, 2024 1:24 PM EDT
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