Candy Prices May Rise as Major Ingredient Soars
A particular area of global agriculture is experiencing pricing pressure, and it's bittersweet. Over the past year, the price of cocoa has more than quadrupled, which has caused a lot of problems for confectioners and other food manufacturers that utilize the ingredient to produce chocolate.
Jun 17, 2024 7:35 PM EDT
Retail Sales Data Eyed as Investors Gauge Consumer Strength Amid Rate Hikes
High interest rates in the US are putting pressure on the retail industry. A few businesses have seen their shares skyrocket, while many others have seen their value eroded by months of strict monetary policy.
Musk's $44.9 Billion Tesla Pay Package Dwarfs Typical CEO Compensation
Even though the median U.S. CEO's pay package from the previous year was about 200 times more than that of an employee in the middle of their company's pay range, Elon Musk's record-breaking Tesla salary pales in comparison.
Millions Face IRS Deadline: Late Payment Could Cost Hundreds
It's possible that some taxpayers won't realize they owe the IRS money on Monday, which might mean they owe them a sizable sum in April of next year.
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US Industries Demand Hearing on New China Tariffs Imposed by Biden
Numerous pro-trade American industry associations have requested an extension of one month for the Biden administration to provide feedback on their intentions to apply higher tariffs to Chinese imports of solar equipment, electric cars, batteries, and other items. This basically means that the start date of many of the penalties has been postponed until August 1.
Jun 15, 2024 7:02 AM EDT
Is the Bond Market Bloodbath Over? Why Now Might Be the Time to Jump In
Bonds have diverged from their traditional role for several years, a trend largely attributed to the Federal Reserve's efforts to combat inflation by raising interest rates to levels not seen in 23 years
Jun 14, 2024 1:50 PM EDT
India: How to Tap the World's Fastest-Growing Major Market
By 2027, India's economy is expected to overtake both Japan and Germany to become the third biggest in the world. This bodes well for investors as it indicates possible opportunities. I
Jun 14, 2024 10:43 AM EDT
Investors Eye Other Precious Metals for High Prices
In 2024, the price of gold has been rising rapidly, setting a new record in late May. According to figures from the World Gold Council, gold prices have increased by around 13.5% this year until early June, even if they have dropped slightly below the $2,400 per ounce threshold.
Jun 14, 2024 9:41 AM EDT
Homeowners Insurance Prices Soar as Weather Extremes, Inflation Bite
According to S&P Global Market Intelligence, home insurance prices increased by 11.3% on average across the US in 2023, with increases of more than 20% observed for owners in Arizona, Texas, and Utah.
Jun 13, 2024 6:43 AM EDT
Inflation Pinch, EVs Cited as Gas Prices Drop Despite Summer Travel Season
People are shocked to learn that gas prices are really falling around the country during this time of year, even though they generally rise during this season.
Jun 13, 2024 2:42 AM EDT
White House Announces Ban on Medical Debt in Credit Reports
A White House proposal would remove medical debt from credit reports, which may make it easier for millions of Americans to get employment, rent a house, or get a vehicle loan.
Jun 12, 2024 10:50 AM EDT
Gold Frenzy in Asia: Is There a Hidden Motive Behind the Rush?
According to industry sources, demand for gold is surging in Asia as investors purchase the metal as a hedge against political and economic volatility, even if prices are nearing their record highs from May.
Jun 12, 2024 10:07 AM EDT
US Growth Lifts Global Forecast, World Bank Sees 2.6% Expansion This Year
Based on consistent growth in the US, the World Bank revised up its forecast for the world economy on Tuesday, predicting that it will grow by 2.6% this year.
Jun 12, 2024 8:44 AM EDT
'Buy Now, Pay Later' Now More Manageable for Small Businesses
One common method used by consumers to pay for items is "buy now, pay later" services. The payment plan, which enables customers to spread out payments for products over several weeks or months, is typically advertised as zero-interest or reduced interest.
Jun 12, 2024 1:01 AM EDT
Alarm Over Fake Medical Devices: Roche Sues After Counterfeits Found on Amazon
One of the biggest biotech firms in the world, Roche, said that "dangerous counterfeits" of its diabetic medical equipment were being sold on Amazon and purchased by patients across the country.
Jun 11, 2024 11:30 AM EDT
Gold Mine Production Stalls as Existing Resources Deplete, Industry Faces Challenges
According to the World Gold Council, the mining sector is finding it challenging to maintain output growth as yellow metal resources become more difficult to locate.
Jun 11, 2024 11:04 AM EDT
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