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Image for Holiday Travel Costs Have Never Been More Expensive

Holiday Travel Costs Have Never Been More Expensive

The Thanksgiving holiday will be here in a matter of days, and with it will come a modicum of, albeit expected, stress. This year the chaos will likely be exacerbated by significantly higher travel prices that will certainly complicate... More of this article »
Image for Early Holiday Promotions Entice Frugal Shoppers, Bumping Retail Spending up 1.3 Percent

Early Holiday Promotions Entice Frugal Shoppers, Bumping Retail Spending up 1.3 Percent

It looks like the holiday shopping season is already off to an excellent start. According to a Wednesday update from the US Census Bureau, retail sales in the United States rose by 1.3% in October. Apparently, American shoppers are... More of this article »
Image for Amazon Offers “Voluntary Severance” Program to Motivate Labor Cuts

Amazon Offers “Voluntary Severance” Program to Motivate Labor Cuts

On Wednesday, e-commerce giant Amazon confirmed they have begun a round of layoffs after several outlets let slip the online retailer’s plans to shave its workforce down by as much as 10,000 in personnel this week. It will... More of this article »
Image for High Interest Rates Mean Car Prices Aren’t Cooling Off Anytime Soon

High Interest Rates Mean Car Prices Aren’t Cooling Off Anytime Soon

If you are in the market for a new car, you may be in for a whole lot of sticker shock. Inventory is high, and when there are lots of cars to choose from that typically means prices are competitive. And since many people probably... More of this article »
Image for Walgreens and CVS Agree to Pay a Combined $10B Settlement in Opioid Case

Walgreens and CVS Agree to Pay a Combined $10B Settlement in Opioid Case

Walgreens and CVS have agreed, tentatively, to pay $10 billion in order to settle lawsuits brought upon them by both state and local governments. The lawsuits allege the retailers improperly handled opioid painkiller prescriptions.... More of this article »
Image for Here’s What We Will See with Fed Benchmark Raised Again

Here’s What We Will See with Fed Benchmark Raised Again

Over two days, this week, the Federal Reserve will conduct its Federal Open Market Committee meetings. And during this session, many expect the central US bank to raise its benchmark interest rate, for the fourth meeting in a row.... More of this article »
Image for Pine-Sol and Clorox Issue Recall Over Bacterial Contamination in Eight Product Lines

Pine-Sol and Clorox Issue Recall Over Bacterial Contamination in Eight Product Lines

This week, the US Consumer Product Safety Commission announced a recall on eight Pine-Sol disinfectant cleaning products over concerns that they may be contaminated with infection-causing bacteria. The recall applies to approximately... More of this article »
Image for Mortgage Rates Pass 7% to Their Highest Level Since 2001

Mortgage Rates Pass 7% to Their Highest Level Since 2001

Mortgage rates in the United States rose nearly 20 points, to 7.16%, the final week of October. This is the highest level for a typical 30-year mortgage interest rate since 2001. The Mortgage Bankers Association also said the average... More of this article »
Image for Delivery Gig Provider ‘Shipt; Sued in Minnesota over Worker Classification

Delivery Gig Provider ‘Shipt; Sued in Minnesota over Worker Classification

This week, Minnesota Attorney General Keith Ellison filed a lawsuit against grocery delivery company Shipt over allegations they improperly classify their delivery workers. Acquired by Target in 2017—for $550 million—Shipt offers... More of this article »
Image for Trump’s Company Grossly Overcharged Secret Service While Staying at Trump Properties During His Term, Report Says

Trump’s Company Grossly Overcharged Secret Service While Staying at Trump Properties During His Term, Report Says

Documents released this week by the House Oversight Committee offer details about how the Trump Organization charged extremely high rates to the Secret Service for stays at Trump properties. Just for doing their jobs—protection... More of this article »
Image for Mortgage Applications Drops to 25-Year Low

Mortgage Applications Drops to 25-Year Low

Mortgage demand has struggled for the better part of the last four months, ultimately falling to its lowest level since 1997 just a few days ago. Of course, this decline is caused by three major issues: rising interest rates, higher... More of this article »
Image for Hertz and BP Announce EV Partnership

Hertz and BP Announce EV Partnership

As gas prices continue to rise—or, at the very least, remain at historically high levels—both car and fuel companies have to look for more ways to attract customers. One way to do that, of course, would be to focus on alternative... More of this article »
Image for Personal Consumption Expenditure Metric Suggests Inflation iin August was Higher Than Expected

Personal Consumption Expenditure Metric Suggests Inflation iin August was Higher Than Expected

While it may not be all that surprising to most, August registered stronger inflation levels than analysts had originally expected. This is in spite of accelerated efforts from the Federal Reserve bank to temper prices to help consumers.... More of this article »
Image for Nearly Three-in-Four Workers Are Looking for Additional Work To Keep Up With Inflation

Nearly Three-in-Four Workers Are Looking for Additional Work To Keep Up With Inflation

New labor data indicates an alarmingly high number of people are looking for extra work to keep pace with inflation. In a survey from workforce-as-a-service platform Bluecrew, approximately 70 percent of Americans are looking for... More of this article »
Image for General Electric to Lay Off One-Fifth of US Onshore Wind Workforce

General Electric to Lay Off One-Fifth of US Onshore Wind Workforce

Energy provider General Electric recently announced a plan to lay off roughly one-fifth of the workforce within its US onshore wind division. Approximately 20 percent of this roster equates to several hundred jobs. A spokesperson... More of this article »
Image for Can Another Round of Layoffs Turn Things Around At Peloton?

Can Another Round of Layoffs Turn Things Around At Peloton?

In August, Peloton released an abysmal financial report for the quarter, indicating a loss in excess of $1.2 billion on 30 percent lower year-over-year revenue. At that time, Peloton CEO Barry McCarthy announced they would be laying... More of this article »
Image for Biogen Settles Whistleblower Bribe Case for $900 Million

Biogen Settles Whistleblower Bribe Case for $900 Million

This week, the United States Justice Department released a statement describing how a whistleblower accused US pharmaceutical company Biogen of bribing doctors to prescribe their drug to multiple sclerosis patients. Furthermore,... More of this article »
Image for NTSB Recommends Alcohol-Monitoring Technology in New Cars

NTSB Recommends Alcohol-Monitoring Technology in New Cars

The US National Transportation Safety Board (NTSB) has enlisted its sister agency to curb drunk driving incidents by implementing new regulations regarding blood alcohol monitoring systems in vehicles. Apparently, the NTSB has recommended... More of this article »
Image for Biden Administration Reveals New Rules Requiring Airlines to Disclose Fee Schedules

Biden Administration Reveals New Rules Requiring Airlines to Disclose Fee Schedules

President Joe Biden announced new air travel regulations, this week, which requires both airlines and online travel agencies to disclose their fees for various ticketing add-ons like seat selection and checked baggage. The new policy... More of this article »
Image for Federal Reserve Commits to Fifth Interest Rate Hike This Year

Federal Reserve Commits to Fifth Interest Rate Hike This Year

On Wednesday, this week, the Federal Reserve announced they will raise interest rates again, marking the fifth such hike so far this year. Concluding a two-day monetary policymaking session, the central bank updated its Summary of... More of this article »
Image for The Fed’s Latest Rate Hike Pushes Treasury Yields Higher

The Fed’s Latest Rate Hike Pushes Treasury Yields Higher

US Treasury yields climbed at the end of the week as markets analyzed the eventual impact of the Federal Reserve’s most recent rate hike. Specifically, the 2-Year Treasury note reached up to its highest mark in 15 years, as... More of this article »
Image for Homebuilder Sentiment Falls into Negative Territory

Homebuilder Sentiment Falls into Negative Territory

According to the National Association of Home Builders (NAHB), homebuilder sentiment fell by three points this month. Now at a score of 46, the index has fallen below the 50-point threshold, indicating that the sentiment is negative.... More of this article »
Image for Amtrak To Suspend Some Long Haul Routes Anticipating Freight Rail Labor Strike

Amtrak To Suspend Some Long Haul Routes Anticipating Freight Rail Labor Strike

Heading into the second full week of September, rail carrier Amtrak announced a plan to preemptively suspend service(s) along some of its longer-range routes, mostly originating in Chicago. Apparently, there is a pending freight... More of this article »
Image for Expect Holiday Airfare to Hit 5-Year High As Air Travel Chaos Persists

Expect Holiday Airfare to Hit 5-Year High As Air Travel Chaos Persists

If you are planning to fly anywhere this holiday season, you may have to pay through the teeth for that plane ticket. Unfortunately, it appears the cost of a boarding pass this winter will reach a five-year high. Experts advise that... More of this article »
Image for Juul Ordered to Pay $438.5 Million Settlement Over Underage Marketing Charges

Juul Ordered to Pay $438.5 Million Settlement Over Underage Marketing Charges

Electronic cigarette maker Juul has just inked a settlement deal to conclude a two-year investigation regarding its sales and marketing practices. According to announcements coming out of several US states, in the first week of September,... More of this article »
Image for Global Economic Troubles Continue to Drag Oil Prices

Global Economic Troubles Continue to Drag Oil Prices

Oil prices took a dive this week, increasing the selloff acting that has already started to offer some relief for drivers trying to make the most of the rest of the summer, but feeling the pinch at the pump. Indeed, US oil slipped... More of this article »
Image for FTC Orders Credit Karma to $3 Million in Consumer Damages Over False “Pre-Approval” Claims

FTC Orders Credit Karma to $3 Million in Consumer Damages Over False “Pre-Approval” Claims

The Federal Trade Commission (FTC) has ordered Credit Karma to pay $3 million to users on allegations that the online credit monitoring company pushed consumers to take out falsely pre-approved credit cards. This inevitably led to... More of this article »
Image for CVS Health and Signify Health Hopes To Bring Health Care to the Home

CVS Health and Signify Health Hopes To Bring Health Care to the Home

In the first week of September, CVS health announced a new $8 billion deal aimed at meeting patients where they are to address their health care issues as needed. The deal will finalize the CVS purchase of Signify Health, which is... More of this article »
Image for Inflation Concerns Continue as There are Twice as Many Job Openings as Available Workers

Inflation Concerns Continue as There are Twice as Many Job Openings as Available Workers

Despite a big push from the US government to combat inflation, the labor market remains tight. According to a report, this week, from the Bureau of Labor Statistics, there were almost one million more job openings last month than... More of this article »
Image for Regal Cinemas Parent Company—Cineworld Group—Files Chapter 11

Regal Cinemas Parent Company—Cineworld Group—Files Chapter 11

Cineworld Group is the second largest movie theatre chain in the world, although many people may not know who they are. Perhaps identifying the British company—who operates in nearly a dozen countries—as the owner of Regal Cinemas... More of this article »
Image for Federal Trade Commission Sues Data Broker Over Sale of Sensitive Geolocation Data

Federal Trade Commission Sues Data Broker Over Sale of Sensitive Geolocation Data

The issue came to light after a June Supreme Court ruling overturned Roe vs Wade: the landmark decision that guaranteed women a Constitutional Right to abortion. With reproductive rights now a States’ issue, the technology... More of this article »
Image for Honda Partners with LG to Upscale EV Battery Production at New US Plant

Honda Partners with LG to Upscale EV Battery Production at New US Plant

With the new California ban on gas-powered engine vehicles (by 2035)—and some states likely to follow suit—the pressure to scale up production and make these cars more accessible is certainly growing. Whether this shift—in... More of this article »
Image for Bed Bath & Beyond Announces Layoffs and Closures Amid Struggles

Bed Bath & Beyond Announces Layoffs and Closures Amid Struggles

Approaching the end of August, home furnishings retailer Bed Bath & Beyond revealed a plan to close stores and layoff staff in a somewhat emergency cost-cutting effort. On a recent call with investors, the struggling New Jersey-based... More of this article »
Image for Fed Awaits August Jobs Report to Decide Upcoming Interest Rates

Fed Awaits August Jobs Report to Decide Upcoming Interest Rates

As we begin the month of September, many are heavily anticipating the upcoming jobs report. Analysts advise job growth has probably slowed a bit from the somewhat frenzied rate in July, but the numbers should still be promising.... More of this article »
Image for Moderna Sues Rival Pfizer Over Coronavirs mRNA Vaccine Patent

Moderna Sues Rival Pfizer Over Coronavirs mRNA Vaccine Patent

In the final week of August, pharmaceutical firm Modern sued Pfizer (and its German counterpart BioNTech) claiming the rival(s) improperly used Moderna’s foundational technology to develop their own coronavirus vaccine. The... More of this article »
Image for California Will Ban New Gas-Powered Car Sales by 2035

California Will Ban New Gas-Powered Car Sales by 2035

California is not just the most populated state in the US but, fittingly, also a state with, perhaps, the biggest car-centered focus in the country. Unfortunately, this also means that their fossil fuel use is a major contributor... More of this article »
Image for Peleton Inks Partnership with Amazon

Peleton Inks Partnership with Amazon

Peleton and Amazon have announced a new sales partnership this week. This is, of course, of greater benefit to Peloton, who is looking to broaden their customer base and win over its investors from slower pandemic revenue growth... More of this article »
Image for Mortgage Rates in Decline, but Still Up From Last Year

Mortgage Rates in Decline, but Still Up From Last Year

Home mortgage rates slipped lower again last week, nearing 5 percent, after some economic reports released this week hinted that inflation may have reached its peak. Specifically, the 30-year fixed-rate mortgage fell to, on average,... More of this article »
Image for Ford To Cut 3,000 White-Collar Jobs to Reduce Costs

Ford To Cut 3,000 White-Collar Jobs to Reduce Costs

Ford Motor Co announced, this week, a plan to cut roughly 3,000 white-collar jobs to reduce their costs in order to support their long-term goal of transitioning from traditional, internal combustion vehicles to electrical vehicles.... More of this article »
Image for PepsiCo Raises Revenue Guidance on Price Hike Strategy

PepsiCo Raises Revenue Guidance on Price Hike Strategy

Early this week, PepsiCo Inc raised its full-year guidance for revenue, commenting that they may continue to raise prices over the next few months.  Apparently, the beverage giant believes the existing price increases have not had... More of this article »
Image for Will Chrome OS 105 Carry a Feature to Improve Chromebook Battery Life?

Will Chrome OS 105 Carry a Feature to Improve Chromebook Battery Life?

Tech giant Google is currently in the process of testing a new feature for Chromebooks that have the potential to substantially improve laptop battery life.  The upcoming developer release of Chrome OS 105, apparently, has a test... More of this article »
Image for White House Attempts To Temper Harsh Inflation Report

White House Attempts To Temper Harsh Inflation Report

White House officials went on the defensive this week in anticipation of another unappetizing report after continued months of soaring inflation. Just one day before the White House was to release June’s consumer price index... More of this article »
Image for Gold Stumbles Under the Pressure of a Strong Dollar and Brooding Rate Hikes

Gold Stumbles Under the Pressure of a Strong Dollar and Brooding Rate Hikes

As a commodity, gold fell to a nine-month low, earlier this week. This adds to existing pressure from the presently-strong dollar, as well as a pending rate hike.  Investors now await for the latest economic data to see how it might... More of this article »
Image for US Mortgage Rates Slip As Housing Industry Complications Grow

US Mortgage Rates Slip As Housing Industry Complications Grow

This past week, mortgage rates in the United States fell at their fastest pace in more than 10 years, mostly on economic uncertainty in the bond market at a time when home prices have soared to historic heights. Specifically, the average... More of this article »
Image for GameStop Replaces CFO In Aggressive Turnaround Plan

GameStop Replaces CFO In Aggressive Turnaround Plan

Video game retail chain GameStop Corp has let go its Chief Financial Officer, Mike Recupero, and will be making more job cuts in the near future as they try to turn their business around. Actually, the Grapevine, TX-based company said... More of this article »
Image for FDA Announces Plan to Diversify Baby Formula Industry to Increase Availability

FDA Announces Plan to Diversify Baby Formula Industry to Increase Availability

In the middle of the first week of July, the United States Food and Drug Administration announced a new plan intended to begin to address the baby formula shortage in the United States.  Of course, this shortage came out of the shutdown... More of this article »
Image for Twitter Begins Testing of Collaborative Author “CoTweets”

Twitter Begins Testing of Collaborative Author “CoTweets”

During the first week of July, Twitter started testing a brand new feature that would allow two separate accounts to author the same tweet within the social network. This new “CoTweets” feature allows not only two accounts to co-author... More of this article »
Image for Oil Takes a Dive As IMF Cuts Global Growth Forecast

Oil Takes a Dive As IMF Cuts Global Growth Forecast

Oil prices dipped roughly 5 percent on Tuesday’s volatile trading activity after the International Monetary Fund slashed its economic growth forecast and expressed concern over continued high inflation. As such, the global benchmark... More of this article »
Image for Lululemon Expects Doubling Sales—to $12.5B—in the Next Five Years

Lululemon Expects Doubling Sales—to $12.5B—in the Next Five Years

While tech stocks have taken a hit—mostly reeling from Netflix’s first subscriber loss in more than 10 years—apparel companies may have a better outlook. For one, athletic wear company Lululemon is looking to double its 2021... More of this article »
Image for Dow UP 250 Points, but Nasdaq Takes a Big Hit On Big Loss from Netflix

Dow UP 250 Points, but Nasdaq Takes a Big Hit On Big Loss from Netflix

The market floor was divided on Wednesday as Wall Street traders tried to strategize a rush of first-quarter earnings activity.  With that, the Dow Jones Industrial Average bounced back on strong earnings from Procter & Gamble. ... More of this article »
Image for IMF Advises Governments Should Protect the Vulnerable When Handling Covid Debt

IMF Advises Governments Should Protect the Vulnerable When Handling Covid Debt

Sentiments at the International Monetary Fund have long been pessimistic. In just the last year alone, the global body responsible for keeping the world economy stable has kept a gloomy outlook. Of course, the data certainly supports... More of this article »
Image for Gold Prices Rise Along With Inflation

Gold Prices Rise Along With Inflation

Gold futures eked their way up across international markets, this week, to peak at heights not seen since about a month ago. Specifically, spot gold saw a bump of 0.5%, to $1,984.58 per ounce. This helped to shore up US gold futures,... More of this article »
Image for Stock Market Sluggish As 10-Year Treasury Bond Yields Reach Five-Year High

Stock Market Sluggish As 10-Year Treasury Bond Yields Reach Five-Year High

As the 10-year US treasury bond yield climbs to its highest mark in five years, the US stock market took a dip, this week. Investors now wait for the latest quarterly earnings report to begin forming strategies for the months to come. Indeed,... More of this article »
Image for 10-Year US Treasury Bond Yield Hits Three-Year High

10-Year US Treasury Bond Yield Hits Three-Year High

In the face of rising inflation, the US Treasury 10-year benchmark yield hit its highest level in at least the past three years, on Monday. Indeed, the biggest 10-year US Treasury note jump registered 4 basis points, to 2.851%, in... More of this article »
Image for Twitter Adopts “Poison Pill” Plan to Block or Delay Elon Musk’s Plan to Buy the Company

Twitter Adopts “Poison Pill” Plan to Block or Delay Elon Musk’s Plan to Buy the Company

Twitter adopted a limited duration shareholder rights plan, often called a “poison pill,” essentially that would block or delay billionaire Elon Musk’s bid to buy the company for $43 billion. The board voted unanimously... More of this article »
Image for Consumer Sentiment Rises To Three-Month High, Surprising Analysts

Consumer Sentiment Rises To Three-Month High, Surprising Analysts

After two years of growing uncertainty, consumer sentiment in the United States hit a surprising three-month high in early April.  With job growth numbers and wages both looking optimistic in the months to come, analysts say they... More of this article »
Image for US Stock Indexes Sink on Tough Earnings and Inflation Data

US Stock Indexes Sink on Tough Earnings and Inflation Data

The U.S. stock market took a dip on Thursday to close out another week of losses as investors digest a storm of bank earnings under increased CPI pressure. Both the tech-heavy Nasdaq Composite and Standard & Poors 500 indices fell... More of this article »
Image for Alzheimer’s disease may be prevented through healthy lifestyle

Alzheimer’s disease may be prevented through healthy lifestyle

Healthy lifestyle could help people to live longer and live a life without the risk of Alzheimer’s disease. The US study published by The BMJ today suggests that a healthy lifestyle is associated with longer life expectancies, but... More of this article »