Walmart Stock Up by 7%, Forecast Hints at Continued Buying Power
In accordance with prior comments made by one of its major suppliers and a competitor retailer, Walmart's optimistic outlook for the retail industry on Thursday indicated a solid consumer base in the United States.
May 17, 2024 12:04 PM EDT
Dow Unexpectedly Soars to 40,000, Marking the Highest for Wall Street
The Dow just reached 40,000 for the first time, marking the latest high point in an unexpectedly successful year for Wall Street.
Social Security 2025: Cost-of-Living-Adjustment Increased to 3.2%, But Will It Keep Up?
After the government announced that April inflation was in line with experts' predictions, the most recent estimate of Social Security's cost-of-living adjustment 2025 increased to 3.2%, according to new figures released on Wednesday.
Hong Kong's Status as an International Financial Center at Crossroads
Hong Kong lost its status as a global financial hub amidst shifting rankings and regulatory hurdles. Read the implications of China's tightening grip and cross-border capital flow uncertainties.
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Real Estate Not Stocks Give the Greatest Long-Term Investment, Survey Shows
According to a recent Gallup poll, even though the majority of Americans have money stashed away in the stock market, they don't think it makes the greatest long-term investment. What then is it?
May 16, 2024 11:01 AM EDT
Hong Kong's Financial Status Plummets EUI from Fourth to Ninth Place Amidst Global Rankings and China's Grip
Hong Kong's business ecosystem has caused the EIU to downgrade it to ninth place and the Global Financial Centers Index to rank it fourth.
May 15, 2024 11:32 PM EDT
Can Taxing the Rich Save Social Security?
Due to a budget deficit, Social Security may not be able to provide retired Americans with their full payments in around ten years.
May 15, 2024 02:39 PM EDT
Trump Allies Gather as Cohen Testifies on 'Hush Money' Allegations
House Speaker Mike Johnson was among a group of close Republican allies of Donald Trump who showed up in the Manhattan criminal courthouse on Tuesday to express support for the former president while his attorneys tried to discredit the key witness in the "hush money" trial.
May 15, 2024 02:01 PM EDT
California Landline Battle Could Bring Nationwide Relief For Your Bills
AT&T is requesting that California utility regulators reject its request to be relieved of its obligation to offer traditional landline phone service.
May 14, 2024 05:30 PM EDT
Retail Shakeup: Are Your Favorite Stores Closing? 3,200 Store Closures Recorded
According to a recent report, the retail industry is struggling as it deals with consumers who are tired of paying for inflation and a wave of bankruptcies.
May 14, 2024 05:36 PM EDT
Should You Stay Invested? Market Treads Water as Inflation Reach 3.3% Annually
The S&P 500 ended the week very slightly down as investors took a break following three weeks of gains.
May 14, 2024 05:33 PM EDT
US Airlines Challenge Biden's Fee Transparency Directive
American airlines have filed a lawsuit to prevent the Biden administration from imposing more transparency on the fees that they charge their customers.
May 14, 2024 05:33 PM EDT
Walmart Clinic Shutdowns Could Cost You More Than You Think
Walmart declared on April 30 that its virtual healthcare service would be discontinued, and all 51 Walmart Health facilities in five states would dissolve.
May 13, 2024 02:26 PM EDT
Homeowners Insurance Rates Jump 15% as Insurers Flee Wildfire Risk
Millions of Americans are finding it increasingly difficult to maintain homeowners insurance, especially if they reside in one of the nation's rising numbers of places that are vulnerable to natural catastrophes.
May 13, 2024 01:10 PM EDT
McDonald’s Considering a Dollar Menu Revival with $5 Meal Deal
McDonald's is considering introducing a $5 meal to its menu nationwide to lure patrons back into its locations.
May 13, 2024 12:40 PM EDT
Feds Say Credit Card Fees May Outweigh Perks
Biden administration officials are questioning credit card loyalty programs that influence millions of people's purchasing decisions.
May 13, 2024 12:20 PM EDT
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