Minnesota‘s most populous city has made the controversial move to raise minimum cigarette prices, making prices the highest in the U.S. A Unanimous Vote In a bid to improve public health, the Minneapolis City Council voted unanimously for an ordinance that will raise the minimum retail prices for cigarettes. The Highest in the Nation It’s … Read more
Have you ever wondered how your political leanings might impact your retirement plans? Whether you’re a die-hard Republican or a staunch Democrat, understanding how your beliefs influence your financial future is crucial. Let’s take a closer look at how political affiliations influence individual retirement strategies. #1. Social Security Reform If you lean Republican, you might … Read more
Newly released data from the Federal Trade Commission (FTC) shows that scams are a big problem in the U.S. According to the FTC, Americans lost a massive $10 billion to fraud last year, up more than 14% on 2022. Let’s take a look at their findings and see which states are the most scammed. Advanced … Read more
The world of billionaires is volatile and subject to rapid changes in fortune. From market crashes to poor investments and changing business landscapes, various factors can cause even the wealthiest individuals to lose their billionaire status. What leads to such dramatic financial reversals, and how do these former billionaires cope with their new realities? #1. … Read more
Financial analyst Gary Shilling had some tough words for people across the nation this week, with a dire warning about America’s tardy economy. Expert’s Warning Despite the Biden administration repeatedly touting the strength of the economy, one expert strongly disagrees – Gary Shilling. Gary Shilling Predicts Recession Ahead In an interview with Newsweek, Shilling claimed … Read more
Another high-profile financial figure has stepped forward to warn about the potential impacts of the US trillion-dollar national debt. Cooperman Speaks Out The US is being nudged ever closer to a financial crisis as a result of trillion-dollar debt, according to billionaire investor Leon Cooperman. Interview With CNBC In an interview with CNBC on Tuesday, … Read more
The FTC has made another aggressive move to block a corporate merger, this time between two significant players in the luxury shopping and fashion industries. FTC Moves Against Fashion Merger The US Federal Trade Commission has declared its decision to sue to block a merger between luxury fashion brand Tapestry and one of its major … Read more
After weeks of debate, negotiation, and a missed deadline, top lawmakers in New York have finalized the state budget. Budget Finally Passed New York finally passed its state budget. Though it was finalized three weeks after its April 1 deadline, lawmakers agreed on a $237 billion sum to be dispersed across multiple sectors. Different Sectors … Read more
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
