Low-Income Borrowers Face Loan Delinquency as Prices Rise
According to current data and bank executives, U.S. borrowers with lower incomes are finding it more and more difficult to make their loan payments. As a result, banks are becoming more cautious when granting credit cards and auto loans.
Apr 23, 2024 04:45 AM EDT
Another Retailer Bites the Dust: How Express's Struggles Reflect the Changing Retail World
Express Inc. has filed for Chapter 11 bankruptcy protection. Once a trailblazer in casual workplace wear, the company has struggled to compete with retailers like Zara and H&M.
Biden's Renewed Effort for Tuition-Free Community College Could Transform Personal Finances
President Joe Biden indicated that he was still hopeful about making some college education free when he disclosed the specifics of his Plan B for student loan forgiveness.
Fewer Self-Checkouts at Walmart: Could This Mean More Cashiers and Lower Prices?
Walmart is getting rid of the self-service lanes at a store in Missouri, joining the ranks of businesses reevaluating self-checkout.
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Shoppers Face Fewer Choices as Brands Consolidate
Many businesses are reducing the variety of their offerings as studies indicate that having fewer options rather than a wide range actually encourages customers to make larger purchases, which is why many believe they are also benefiting consumers.
Feb 13, 2024 11:10 AM EST
Tesla Takes Action to Tackle Demand Slump, Stock Continues Slide
Monday saw a little decline in Tesla (TSLA) stock as the automaker announced another round of price reductions in the US, adding to concerns about the state of EV demand as we go into the first few months of the year.
Feb 13, 2024 10:29 AM EST
Bitcoin Soars Past $50,000, Leaving Doubters Behind
On Monday, Bitcoin surged above $50,000, hitting its highest value in over two years at one point.
Feb 13, 2024 03:53 AM EST
US Deficit Shows Improvement, But Long Road Ahead
The Treasury Department announced on Monday that the Internal Revenue Service (IRS) cleared a backlog of tax returns delayed by the epidemic, which led to a decrease in tax refunds.
Feb 13, 2024 01:52 AM EST
Diamondback Targets Endeavor in Cash-and-Stock Deal Valued at $26 Billion
To build an energy juggernaut in the Southwest valued at over $50 billion, Diamondback Energy plans to acquire competitor Endeavor Energy Resources.
Feb 12, 2024 11:42 PM EST
Is Bitcoin a Good Investment for a New Investor?
Before we get into the nitty-gritty of if it's still a good investment, you should first understand its appeal and why so many are heavily invested in it:
Feb 12, 2024 12:40 PM EST
Job Market Booms, Inflation Falls, But Political Tensions Cast a Shadow
Only 25% of business economists and professionals believe that this year will see a recession in the US. Furthermore, an external shock, like a dispute involving China, would probably cause any slowdown rather than local economic issues, such rising interest rates.
Feb 12, 2024 09:47 AM EST
Looming Debt Crisis Threatens American Way of Life
The public debt of the United States is over $34 trillion, and the country's debt-to-GDP ratio is about 100%. Not quite the boon that the Founding Fathers had originally intended.
Feb 12, 2024 07:29 AM EST
Super Bowl Sunday Snack Attack? Biden Tells Companies to End "Shrinkflation" Trickery
U.S. President Joe Biden urged snack companies to halt shrinkflation, the practice of reducing product sizes while maintaining prices, labeling it as "a rip-off."
Feb 12, 2024 04:48 AM EST
Jeff Bezos Dumps $2 Billion in Amazon Stock, Triggers Market Buzz
In a document he submitted to federal regulators, Jeff Bezos disclosed that he had sold around 12 million shares of Amazon stock, valued at over $2 billion.
Feb 12, 2024 12:05 AM EST
What is DeFi (And why you should care)
Freshly baked altcoins are solely released on decentralized exchanges (DEXs) like Uniswap. DeFi gives you access to the newest blockchain-based tech ...
Feb 11, 2024 12:10 PM EST
Swedish Death Cleaning: How To Master Your Mind & Level Up
Despite its grim name, this cleansing routine revolves around the question, "Will anyone be happier if I save this?"
Feb 11, 2024 02:11 AM EST
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