Money
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Surging Consumer Debt: A Looming Shadow Over Retail Spending
As consumer debt reaches unprecedented levels, there’s growing concern about its potential impact on future retail spending. This surge in…
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Navigating Economic Turbulence: The US Outlook for 2024 After Dodging Recession in 2023
The United States economy managed to avoid a recession in 2023, defying many predictions of economic downturn. As we look…
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Fed’s Preferred Inflation Gauge Indicates Slower Price Rises in November
In November 2023, the Federal Reserve’s preferred measure of inflation, the core personal consumption expenditures (PCE) price index, showed a…
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IRS Announces Significant Penalty Relief for Millions of Taxpayers
In a significant move aimed at assisting taxpayers, the Internal Revenue Service (IRS) has announced it will be waiving approximately…
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US Economy: A Potential Recession Looms, Indicators Warn
The US economy continues to signal an impending recession. While a recession is not inevitable until it occurs, the current…
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Historic Unionization at Wells Fargo: A Turning Point for the U.S. Banking Industry
Employees at a Wells Fargo branch in Albuquerque, New Mexico, have achieved a significant milestone by voting to join a…
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Ameris Bank Settles for $9 Million in Landmark Redlining Lawsuit
The U.S. Department of Justice recently announced a significant settlement with Ameris Bank, marking a pivotal moment in the ongoing…
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Wall Street Rises as Fed Hints at Rate Cuts in 2024
Wall Street has experienced a notable rally following indications from the Federal Reserve that interest rate cuts may be on…
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Senate Passes $886 Billion Defense Bill with Troop Pay Raises and Ukraine Aid
The U.S. Senate has recently passed a significant defense policy legislation, the National Defense Authorization Act (NDAA), with a notable…
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Navigating the Maze of Gift Card Scams: A Shopper’s Guide to Safety
Gift card scams have become a prevalent issue, plaguing shoppers with various sophisticated tactics. In 2022 alone, Americans reported losses…
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