Bond Yields Drop as Job Growth Slows
After the April jobs data revealed weaker-than-expected payroll growth and an unexpected tick higher in the unemployment rate, U.S. Treasury rates fell on Friday.
May 06, 2024 04:18 PM EDT
Will Apple Keep Buffett Smiling? Doubts Emerge Over Company's Dominance
Even as late as 2020, four years after his investment colossus began to build a sizable stake in the business that produces iPhones, Warren Buffett of Berkshire Hathaway was still using a flip phone.
Is China's Central Bank Gold-Buying Spree a Precursor for War? Part II of II
The idea of a nation acquiring large gold reserves in preparation for military endeavors is not without historical precedent. Prior to World War I, European powers increased their gold reserves, and a century later, Russia's central bank doubled its gold holdings in the years before its invasion of Ukraine. This same strategic stockpiling of gold could be inferred from China and its pre-war positioning for a Taiwan incursion.
Regulatory Hurdles Remain Despite Cannabis Reclassification
Tuesday afternoon saw a spike in cannabis stocks due to reports that the Biden administration might reclassify the substance as less harmful. T
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Shein Files for U.S. IPO As $66 Billion Chinese Fashion Giant Expands Globally
Shein has quietly registered to go public in the United States as the Chinese-founded fast-fashion giant seeks to broaden its appeal internationally with a much-discussed IPO.
Nov 28, 2023 08:30 AM EST
Fast Food Inflation Persists: McDonald's and Other Chains Brace for Continued Price Hikes
Fast food gained popularity due to its low cost and quick service, but consumers are discovering that its dishes no longer provide the same value as they previously did.
Nov 28, 2023 07:50 AM EST
Citigroup Loses Key Municipal Bankers to Jefferies Amidst Department Shakeup
A umber of healthcare-focused bankers at Citigroup departed for competitor Jefferies Financial following discussions among the company's leadership about completely discontinuing the municipal banking division.
Nov 28, 2023 06:45 AM EST
Debt-Ridden States: The Heaviest Student Loan Burdens in the Nation
According to a recent research, Maryland has the highest average student loan debt per borrower-more than $40,000-of any state.
Nov 28, 2023 06:35 AM EST
UK Doctors' Strike Threat Recedes as Government Agrees to Pay Rise
Officials claimed Monday that the British government reached an agreement with leading physicians in England that might put an end to a string of disruptive strikes.
Nov 28, 2023 02:45 AM EST
US Shoppers Get Ahead on Cyber Monday Deals In an Attempt to Save More
Discount-seekers used their phones and laptops to scoop up gadgets, apparel, toys, jewelry, appliances, and even personal care goods as the biggest U.S. online shopping day of the year got began on Monday.
Nov 27, 2023 08:29 AM EST
UK Prime Minister Sunak Unveils $37 Billion Investment Drive to Woo Global Investors
Prime Minister Rishi Sunak hosted global CEOs after announcing 29.5 billion pounds ($36.76 billion) in private sector investments in the nation.
Nov 26, 2023 09:57 PM EST
Gas Prices Plummet for Thanksgiving, Bringing Cheer to Drivers Across the Nation
According to data from car club AAA, the national average price of petrol touched $3.27 per gallon on Thursday.
Nov 24, 2023 09:42 AM EST
Buy Now, Pay Later Surges in Popularity, Raising Concerns About Consumer Debt
Consumers are likely to utilize "buy now, pay later" payment arrangements significantly this Christmas season, which bodes well for businesses but raises concerns among credit experts.
Nov 23, 2023 07:50 PM EST
Biden's FCC Moves to End Pay-TV Providers' Grip on Customers with Early Termination Fee Ban
Pay-TV companies would not be allowed to charge early termination fees to customers who cancel their service contracts before they expire, according to a proposed regulation from the Federal Communications Commission.
Nov 23, 2023 10:40 AM EST
IRS Extends Reprieve for PayPal and Venmo Users, Delaying $600 Reporting Threshold
On Tuesday, the agency said that it is once more postponing the enforcement of a 2021 regulation that mandates that payment companies like Venmo, Paypal, or Cash App issue 1099-K tax forms to anyone who received more than $600 in the current tax year.
Nov 23, 2023 10:06 AM EST
UK Payments Report Challenges Mastercard and Visa Dominance, Seeking Alternatives for a Fairer Market
A report commissioned by the government on Wednesday stated that Britain needed a "digital alternative" to depending on Visa and Mastercard for card payments.
Nov 23, 2023 05:07 AM EST
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