'Vibecession' Alters Economic Behaviors, Shifts Spending Patterns
What is vibecession and how does it affect spending patterns? The phrase "vibecession," coined by Kyla Scanlon, sums up the state of the economy today: a mismatch between economic data and the public's gloomy outlook.
Jul 01, 2024 12:41 PM EDT
60% of Americans Plan to Cut Spending on Fourth of July Due to Inflation
Inflation impacts Fourth of July spending as 60% of Americans plan to cut back in 2024. Read more about the survey below.
Traditional Retailers Adapt as Gen Z's TikTok-Driven Shopping Habits Evolve
Traditional retailers adapt to Gen Z's TikTok-driven shopping habits, emphasizing social commerce and influencer marketing.
Businesses Strengthen Cyber Defenses, See Significant Drop in Insurance Costs
How are businesses lowering cyber insurance costs amid increasing ransomware threats? Insights from Howden's latest report reveal the effectiveness of enhanced cybersecurity strategies and market dynamics.
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Inflation on Food, Goods, Services Hits Urban, Rural Areas Differently
A new data reveals inflation impacts urban and rural budgets differently, with rising costs for food, goods, and services.
Jun 27, 2024 2:50 PM EDT
Biden, Trump Eager to Discuss Taxes in Debate Showdown
Biden and Trump eagerly prepare to debate tax policies, highlighting their contrasting visions for America's fiscal future in a high-stakes showdown.
Jun 27, 2024 2:24 PM EDT
Yen's Slide Puts Japan on High Alert, Raising Fears of Global Currency War
Yen's slide raises alarm in Japan, fueling fears of a global currency war and potential economic instability.
Jun 27, 2024 2:21 PM EDT
Rising Home Prices: A Squeeze on Renters
The housing market continues to defy expectations. While the pace of growth appears to be moderating slightly, home prices are still reaching record highs.
Jun 26, 2024 6:30 PM EDT
Credit Crunch 2.0? Surging Delinquencies and the Squeeze on Consumer Credit
Memories of the 2008 financial crisis still linger, and the term "credit crunch" evokes a sense of unease.
Jun 26, 2024 6:00 PM EDT
Yuan vs. Dollar: Can China's Currency Challenge the Global Dominance of the Greenback?
The U.S. dollar has long held a dominant position in the global financial system, but the Chinese yuan is gradually gaining traction.
Jun 26, 2024 5:20 PM EDT
US Consumer Confidence Falls in June, Triggering Shifts in Spending Habits
In June, American consumers experienced a decline in confidence, marking a shift that reflects broader economic concerns.
Jun 26, 2024 5:00 PM EDT
Hong Kong Takes Crown as World's Priciest Construction Hub, Offering Investors a Double-Edged Sword
Hong Kong's ascent to becoming Asia's most expensive city for property construction marks a significant shift in regional dynamics, driven by soaring construction prices and exacerbated by a deepening labor shortage.
Jun 25, 2024 8:44 PM EDT
Yellen Targets Housing Shortage to Improve Affordability, First-Time Homebuyers May Feel At Ease
In response to soaring housing costs exacerbated by the pandemic, the Biden administration, led by Treasury Secretary Janet Yellen, has unveiled a series of initiatives aimed at increasing access to affordable housing.
Jun 25, 2024 8:27 PM EDT
Oil Prices Poised to Plunge to $60 in 2025 as Stockpiles Swell
Citi analysts predict oil prices will reach their highest point this summer before experiencing a significant drop in 2025.
Jun 21, 2024 10:07 PM EDT
High Rates Make Home Improvement Loans a Double-Edged Sword
Homeownership brings with it not only the joys of having your own space but also the responsibility of maintaining and improving it.
Jun 21, 2024 10:07 PM EDT
US Homes Brace for Higher Air Conditioning Costs
This summer, as temperatures climb, American households are bracing for higher cooling expenses This summer, as temperatures climb, American households are bracing for higher cooling expenses(Photo : by SAUL LOEB/AFP via Getty Images) This summer, as temperatures climb, American households are bracing for higher cooling expenses.
Jun 21, 2024 10:06 PM EDT
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