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Personal Finance
Apple to Hike Wages Amid Tight Labor Market, Inflationary Pressures
Apple has announced plans to raise salaries for U.S. workers by at least 10 percent in a tight labor market that's pushing companies to boost wages to attract and retain ...
May 26, 2022
BY
Tom Ozimek
Your Retirement Should Not Be Politicised: Economist
Political tribalism is holding Australians back from taking control of their retirement nest eggs, according to economist Cameron ...
May 25, 2022
BY
Daniel Y. Teng
Report Shows Growing Impact of Inflation on Dining Habits
A new report from marketing insights firm Acosta shows that consumers are feeling the bite of inflation and ...
May 24, 2022
BY
Tom Ozimek
Nearly Half of US Adults Say American Dream Is Dead as Inflation Tops Financial Security Fear List
A new report shows U.S. adults say inflation is the greatest obstacle to reaching financial security in retirement, ...
May 24, 2022
BY
Tom Ozimek
Gas Prices Jump 33 Cents in Past 2 Weeks, Some Analysts See $6 per Gallon by August
The average price of regular-grade gasoline spiked 33 cents over the past two weeks to $4.71 per gallon, ...
May 23, 2022
BY
Tom Ozimek
Major Retailers Sound Inflation Alarm as High Prices Hit Profits
A number of major retailers missed Wall Street expectations by wide margins last week, while the vast majority ...
May 21, 2022
BY
Tom Ozimek
Lagarde Calls for Crypto Crackdown, Says They’re ‘Based on Nothing’
European Central Bank President Christine Lagarde has taken aim at cryptocurrencies, arguing in an interview on Dutch television ...
May 21, 2022
BY
Tom Ozimek
Wells Fargo CEO Predicts Economic Downturn for US Economy
The CEO of Wells Fargo, Charlie Scharf said on May 17 that there was “no question” that the United ...
May 18, 2022
BY
Bryan Jung
Wholesale Price Inflation Stays Close to Record High, Suggesting More Inflationary Pain for Households
Wholesale prices in the United States eased in April but remained close to their record high hit in ...
May 12, 2022
BY
Tom Ozimek
Americans’ Household Debt Hit Nearly $16 Trillion in Q1 2022
Household debt in the United States increased in the first quarter of 2022, reaching $15.84 trillion despite rising ...
May 11, 2022
BY
Naveen Athrappully
Rising Cost of Living ‘Puts Brakes’ on Consumer Spending: UK Report
The soaring cost of living has hit the confidence of British consumers and has “put the brakes” on ...
May 10, 2022
BY
Alexander Zhang
Elon Musk and Cathie Wood Say Passive Investing Has Gone ‘Too Far’
Tesla chief Elon Musk and Ark Invest founder Cathie Wood touted the benefits of active portfolio management while ...
May 5, 2022
BY
Tom Ozimek
Job Openings and Quits Hit Record Highs as Hiring Woes Continue
A record number of American workers quit their jobs as of the last business day in March while ...
May 3, 2022
BY
Tom Ozimek
Australia Hikes Official Interest Rate for First Time in Over a Decade
The Reserve Bank of Australia (RBA) has raised the cash rate for the first time in over a ...
May 3, 2022
BY
Rebecca Zhu
Supreme Court to Look at Whether One Spouse Can Be Held Liable for the Other’s Fraud in Bankruptcy
The Supreme Court agreed on May 2 to take a case about whether a bankrupt debtor can escape ...
May 2, 2022
BY
Matthew Vadum
Global Shares, Wall Street Futures Drop on Fed’s Hawkish Inflation Talk
World stocks fell and bond yields edged up on Friday as investors digested hawkish remarks by Federal Reserve ...
April 22, 2022
BY
Tom Ozimek
Britain Targets Moscow Stock Exchange in Bid to Curb Investment in Russia
British authorities plan to rescind the Moscow stock exchange's status in the UK as a recognized exchange, in ...
April 20, 2022
BY
Tom Ozimek
Stimulus Spending Main Cause of Red-Hot Inflation, Not Supply-Side Bottlenecks: Former Fed Official
Supply chain snarls are "more of a symptom than a cause" of surging inflation, with the key factor ...
April 18, 2022
BY
Tom Ozimek
On Tax Day, an Extension May Be Better Than Rushing a Return
WASHINGTON—Monday is Tax Day—the federal deadline for individual tax filing and payments—and the IRS expects to receive tens ...
April 17, 2022
BY
The Associated Press
Middle- and Low-Income Families Pay the Price for High Inflation: Economist
With the nation’s inflation rate at its highest in 40 years, an economist from UCLA says middle- and ...
April 14, 2022
BY
Alice Sun
Sky-High Inflation Gives Americans a Wage Cut in March for 6th Month Running
Red-hot inflation more than eroded the wage gains of Americans for the sixth month in a row in ...
April 14, 2022
BY
Tom Ozimek
Wholesale Prices Surge by Record 11.2 Percent as Inflation Woes Continue
Wholesale prices in the United States accelerated at their fastest annual pace on record in March, delivering a fresh ...
April 13, 2022
BY
Tom Ozimek
Australians to Avoid $120 Million Loss With Automatic Anti-Scam System: Westpac Bank
A new banking system will help thousands of Australians save an estimated $120 million (US$89.3 million) annually by ...
April 11, 2022
BY
Alfred Bui
Older US Adults More Concerned About Inflation Than Younger Americans: Survey
Older U.S. adults are more concerned about inflation than their younger counterparts, says a new Morning Consult study ...
April 8, 2022
BY
Andrew Moran
US Unemployment Claims Fell Last Week to 53-year Low
Filings for initial unemployment claims in the United States, dropped 5,000 for the first-time last week, for a ...
April 7, 2022
BY
Bryan Jung
Gold Prices Flat as Firmer Dollar, Yields Dim Safe-Haven Demand
Gold prices were flat on Wednesday as hawkish comments from U.S. Federal Reserve officials bolstered the dollar and ...
April 6, 2022
BY
Reuters
How US Banks Are Dipping Their Toes in the Crypto Water
Last week, a top U.S. banking regulator warned of growing risks as banks start to capitalize on the ...
April 6, 2022
BY
Reuters
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