Florida saw an uptick in its unemployment rate
While Social Security is a "safety net" for some in retirement who have additional funds, for others it is all the income they have to live on. Depending on where you live, however, it may not go very...
- Motley Fool
For the first time ever, Bitcoin (CRYPTO: BTC) will record its first four-month stretch of relative strength index (RSI) value of less than 42. Not only is this the longest the RSI has been lower than 42, but it will also be the first monthly close of Bitcoin's RSI below 39. Pending some sort of massive jump in price, Bitcoin's November RSI will likely be somewhere around 38, a level it has never reached before.
With warm weather and relatively affordable living costs, Arizona has long been a popular destination for retirees. While the average monthly costs of the necessities (rent, groceries, healthcare and...
The last federal stimulus check went out in 2021, but individual states are starting to come through with financial help for residents as record inflation continues to affect many Americans' bottom...
- Business Insider
From Bank of America to Morgan Stanley, Wall Street giants are expecting stocks to crash more than 20% next year. Here's what they've been saying.
The S&P 500 will tank in 2023 as a US recession hits, companies lower their earnings outlooks and the Fed's tightening causes pain, the banks predict.
The swiftness with which the coronavirus pandemic wiped out the U.S. economy in early 2020 was breathtaking. Seemingly overnight, the U.S. unemployment rate shot up to an all-time record of 14.7% in...
Squeezed by higher inflation and rising interest rates, consumers are curbing spending, writes Dana M. Peterson.
Elon Musk wants the Fed to 'cut interest rates immediately' — but Jerome Powell just said inflation 'remains far too high.' Here are 3 sectors for safety if costs keep soaring
Even the world’s richest man can’t have everything.
(Bloomberg) -- While the crypto horror show rages on, stocks have quietly rallied almost 10% in the last month amid cautious optimism that the worst of the inflation shock is over. Most Read from BloombergOPEC+ Latest: Group Agrees to Keep Oil Production UnchangedElon Musk Says Apple Is ‘Fully’ Advertising on Twitter AgainThis Stock Strategist Says We’ll See 5% Inflation for the Next DecadeChina’s Covid Shift Expands as Shanghai, Hangzhou Ease RulesTrophy Rolex, Patek and Audemars Piguet Prices
- Business Insider
Market veteran Ed Yardeni shares his recession odds and geopolitical risks: 'The world just isn't a safe place these days'
Insider's Phil Rosen sits down with top strategist Ed Yardeni to talk recession odds, stock market, and economy.
- LA Times
At Gov. Gavin Newsom's urging, California lawmakers are expected to begin a special session Monday to consider a penalty on oil profits in response to high gas prices.
- The Hill
Republicans have a new argument this year in the end of 2023 partisan clashes over government funding: Domestic spending should be reduced because of the sweeping tax and climate legislation Democrats moved through Congress earlier this year in party-line votes. Republicans have been ramping up calls for spending reductions outside of defense while specifically pressing…
‘Optimism grows’ as mortgage rates post biggest three-week drop since 2008 — but despite this ‘silver lining,’ experts see dark clouds ahead
Buyers may soon be able to snatch an opportunity.
BRUSSELS (Reuters) -The EU will adapt its state aid rules to prevent an exodus of investment triggered by a new U.S. green energy subsidy package, the bloc's chief executive said on Sunday. "Competition is good ... but this competition must respect a level playing field," European Commission President Ursula von der Leyen said in a speech in the Belgian city of Bruges. "The (U.S.) Inflation Reduction Act should make us reflect on how we can improve our state aid frameworks and adapt them to a new global environment," she added.
The unemployment rate might have to rise to 4.5%—and stay there a while—before the Fed declares victory in cooling inflation.
The tech industry continued to add jobs despite the tens of thousands of layoffs that were announced in November, though tech job postings continued a downward slide, according to an analysis of U.S. employment numbers released Friday. U.S. tech companies actually added 14,400 workers in November, according to the Computing Technology Industry Association, or CompTIA, capping two straight years of monthly job growth in the tech sector. In addition, the group said tech jobs in all sectors grew by 137,000 positions, and that the unemployment rate for tech workers fell to 2% from 2.2% in October.
- USA TODAY
This is why you may see a smaller tax refund in 2023, and what you can do to prepare.
- KABC – Los Angeles
Southern California is in an optimal position to withstand the impact of a potential recession, economists at the 13th Annual Southern California Economic Summit projected Thursday.
(Bloomberg) -- Wall Street is finding a reason to keep plowing into the bond market, even with a Federal Reserve that’s still far from declaring victory in its war against inflation.Most Read from BloombergOPEC+ Latest: Group Agrees to Keep Oil Production UnchangedElon Musk Says Apple Is ‘Fully’ Advertising on Twitter AgainThis Stock Strategist Says We’ll See 5% Inflation for the Next DecadeChina’s Covid Shift Expands as Shanghai, Hangzhou Ease RulesTrophy Rolex, Patek and Audemars Piguet Prices