In a surprising turn of events, top European bank UBS is sounding the alarm, forecasting a looming recession for the United States in 2024. According to their recent analysis, this economic downturn is poised to trigger a substantial response from the Federal Reserve, with interest rate cuts that could be nearly four times more aggressive […]
Finance
5 Money Saving Tips That Aren’t Really Saving You Money
Find out what money-saving advice you’ve been given doesn’t work – and might actually be costing you more than they save. Not All Advice is Created Equal If your goal is to save as much money as possible, you’ve probably read tons of advice on how to do so. Tips to living a more frugal […]
Global Inflation Surges: Bank of England’s Challenge in a Worldwide Economic Trend
In December, the UK witnessed an unexpected surge in inflation to 4.0%, driven by a government-led increase in tobacco duty and a 16% year-on-year rise in tobacco prices, complicating forecasts on the Bank of England’s interest rate cuts. Here’s the full story. Cost of Living Climbs Again In yet more bad news for those in […]
9 Recession-Resistant Assets to Safeguard Your Finances During Economic Uncertainty
Worried about the future? Here are nine potential resilient assets that could help you weather the storm and thrive during a financial crisis. Economic Forecast According to a recent survey from the National Association for Business Economics, 76% of economists believe that the USA’s chance of entering into a recession in 2024 is 50% or […]
Economic Experts Grow More Optimistic About 2024, Less Worried About Recession
A series of favorable indicators, coupled with encouraging data, has reshaped the narrative, painting a picture of resilience and potential growth in the months ahead. Wells Fargo’s Revision Wells Fargo, a leading financial institution, made a noteworthy adjustment to its predictions after a week of pivotal economic data. Following the revelation that producer prices, representing […]
Fast Food Faces Inflation: Prices Soaring, But Will They Come Back Down?
In the world of quick-service restaurants, a seismic shift is occurring. Places that were once known for their affordable meals are now facing a steady climb in prices. Inflation Hits Fast Food Hard In the past year, iconic chains like McDonald’s and Chipotle have significantly increased their menu prices, far exceeding the typical inflation rates. […]
Renting vs. Buying: Why Renting Makes Sense in Today’s Housing Market
Buying a house is a great goal, but it’s not for everyone. Find out why renting might be a better option if you’re not ready to buy. Housing Market a Hot Topic It may seem like all anyone can talk about is the housing market. There are pain points there when it comes to inventory, […]
Over 250 Billionaires and Millionaires Ready to Pay Their Share, Urge Wealth Tax Implementation
Over 250 billionaires and millionaires have united to call for wealth taxes, sending a clear message to the political elite currently convening at the World Economic Forum in Davos. Signatories of the open letter are urging world leaders to consider taxing the super-rich as a means to address global inequality and fix public services. Unprecedented […]
UPS Cuts 12,000 Jobs, Calls Remote Workers Back to Office, Joins Pandemic-Era Remote Work Exodus
UPS is the latest in a string of employers making headlines for demanding their remote employees return to work in the office. They’ve also just announced that they’re cutting 12,000 jobs. UPS Announces Mass Layoffs International shipping giant UPS has announced a significant round of layoffs to come in 2024. The company says they plan […]
America’s Wealthy Hold $8.5 Trillion in Untaxed Wealth, Supreme Court Case in Spotlight
A report by Americans for Tax Fairness has revealed alarming trends in untaxed wealth among America’s elite, sparking questions about financial equity and coinciding with a pivotal Supreme Court case. Here’s the full story. Massive Accumulation of Untaxed Capital Gains In a surprise revelation, a recent report from Americans for Tax Fairness has shed light […]