Weight loss drugs are having some notable effects on consumer spending and may go on to have a significant impact on the US food and retail industry, according to a new survey. Do Weight Loss Drugs Reduce Food Spending? ‘Miracle’ weight loss drugs like Ozempic and Wegovy are driving down food spending for users, according … Read more
One Florida resident had the shock of his life when he came home to a six-figure phone bill. But what happened? Euro Trip Ends Badly US globetrotters may need to think carefully next time they use their mobile phones while traveling after a Florida man and his wife recently returned home from a European trip … Read more
With rising inflation causing a nationwide headache, one of America’s leading finance executives has made some optimistic claims. Fed Winning the Battle? According to Bank of America CEO and chairman Brian Moynihan, a battle is being waged between rising inflation and the Federal Reserve – and the Fed is winning. BOA CEO Makes Bold Claims … Read more
In the past few months, consumer prices have stayed high. Gas and rent prices are major reasons for this. The Federal Reserve’s plans to lower interest rates have people worried about the US economy. Gas Prices Hike From February to March, gas prices rose by 1.7%, adding to inflation pressures. Unstable energy markets and global … Read more
A new report has weighed in on the financial prospects of the younger generation and revealed that things may not be as bad as they are made out to be. The Unattainable Dream of Wealth For many millennials, the idea of wealth and homeownership is a pipe dream. Millennial Financial Struggles High property prices, a … Read more
“Mr Wonderful,” AKA Kevin O’Leary, has had some choice words to say about New York City’s new plan to charge people who drive into Manhattan. Let’s take a look at what he said. New York City’s Congestion Toll Program At the end of March 2024, New York City completed the final step in a fifteen-year-long … Read more
Have you ever considered attending California’s biggest annual event, but you’re not sure if you have enough cash to splash? Here’s how much it costs to attend the 3-day Coachella festival. California’s Biggest Festival Coachella is a three-day music festival held in Indo, California, in the Coachella Valley. Every year huge crowds converge on the … Read more
Governor of Ohio Mike DeWine has announced that he’s going to be directly tackling the childcare crisis that’s gripping the state in his State of the State address, alongside a whole host of other child-focused policies. DeWine’s Childcare Voucher Program The news with the biggest potential impact for thousands of families across Ohio is that … Read more
At the start of 2024, the U.S. grappled with economic expansion and strong job growth but unexpectedly high inflation. This economic challenge is hurting the Federal Reserve’s target of a 2% inflation rate and leaving it with few options. 2024’s Economic Start The United States’ economic conditions at the start of 2024 initially showed signs … Read more
Stores across the U.S. are closing at unprecedented levels, according to new research from advisory firm Coresight Research. Read on for more information about the impact this could have on you and your communities. Store Closures Sweep Across the U.S. Last year, U.S. retailers shut stores across the country. Impact on Various Sectors From clothing … Read more
Sanctuary cities are feeling the strain on their resources, and migrant homelessness is on the rise, as residents are unable to afford their rents, amid concerns that this could lead to an unprecedented crisis in Chicago and Denver. Here’s the full story. Pro-Migrant Cities Denver and Chicago are both cities known for their pro-migrant stance. … Read more
If you’ve got a sweet tooth, you might have noticed a changing trend in the world of chocolate. Higher prices and smaller candy bars are becoming the norm – and unfortunately it’s not going to stop there, as a recent report reveals there’s a lot of change coming in the future. Let’s see what’s going … Read more
If you’re one of the hundreds of millions who shop at Walmart every week, you may be entitled to a rather large chunk of money following the results of a $45 million class-action settlement. Here are the details. Walmart’s $45 Million Settlement Any Walmart customers who bought certain types of food from any of their … Read more
California motorists will need to brace themselves – gas prices are predicted to climb again in the coming months, as summer nears and geopolitical tensions increase. Gas Troubles Despite gas prices soaring in California in the last month alone, motorists in the Golden State and throughout the country may be hit with more price increases … Read more
A recent report by WalletHub has revealed the states in which people are struggling the most financially. Here are their findings. WalletHub’s State Rankings WalletHub analyzed all 50 states to find where people have the most collection accounts – which are debts sold to debt collection agencies due to lack of payments. These debt agencies … Read more
As the solar eclipse frenzy subsides, New York State emerges as the unexpected winner in eclipse tourism. Chasing the Eclipse As millions of Americans geared up to observe the rare total solar eclipse, some found themselves moving from state to state – and even to the other side of the country – to participate in … Read more
The state with the second-highest property tax rates in the U.S. is looking to raise them even higher, spiking concern amongst homeowners. Illinois Property Tax Illinois is passing legislation that could lead to an increase in property tax for some, much to the chagrin of homeowners statewide. The House Makes Moves On Thursday, the House … Read more
As the Baby Boomer generation approaches retirement, the promise of golden years filled with leisure and security seems more like a pipe dream for many. This demographic faces unique challenges that could redefine what it means to retire. Here’s a stark look at the realities shaping the retirement outlook for one of America’s largest generations. … Read more
One of the most influential bankers in the world has made a number of warnings and predictions for the U.S. and global economy in a recent newsletter. JP Morgan Chase Newsletter In a newsletter to investors on Monday, JP Morgan Chase CEO Jamie Dimon covered a number of observations, predictions, and concerns – including the … Read more
Walmart is facing a $45 million lawsuit, and you could be eligible to receive a $500 million payout as part of the settlement. Payday for Some Walmart Customers You could be entitled to a $500 payout as part of a massive lawsuit settlement paid by retail giant Walmart after accusations of overcharging customers. Walmart Overcharging … Read more
