After more than a year of steady rate hikes, the Federal Reserve held its target federal funds rate steady Wednesday. For households, however, that offers little relief from record-high borrowing costs. “It’s not like rates will go down,” said Tomas Philipson, University of Chicago economist and a former chair of the White House Council of Economic
In this article ABI-BE STZ Follow your favorite stocksCREATE FREE ACCOUNT Modelo Especial beer arranged in the Brooklyn Borough of New York, U.S., on Tuesday, Nov. 23, 2021. Gabby Jones | Bloomberg | Getty Images Bud Light lost its top spot in the U.S. beer market last month, as the brand’s sales sagged following a
WASHINGTON, DC – MAY 03: Federal Reserve Board Chairman Jerome Powell delivers remarks at a news conference following a Federal Open Market Committee meeting on May 3, 2023 in Washington, DC. The Federal Reserve announced a 0.25 percentage point interest rate increase bringing the key federal funds rate to more than 5%, a 16-year high.
If you want to start a new side hustle or business, you’ll probably need some money to get it off the ground. Don’t seek out an investor, says billionaire entrepreneur Mark Cuban. Instead, make sure your idea can be profitable from Day 1, and use the proceeds to grow your venture. “I was always geared
View Press | Corbis News | Getty Images Rent prices in the U.S. are now out of reach for many low-wage earners. A full-time worker in the U.S. needs to make $28.58 an hour, on average, to afford the rent on a modest two-bedroom apartment in their area. In California, Hawaii, Massachusetts and New York,
Richard Newstead | Moment | Getty Images Housing is perhaps the most consequential category in the consumer price index, a key inflation barometer. As the largest expense for an average U.S. household, shelter accounts for more than a third of the CPI weighting, the most of any other consumer good or service. That gives housing
Click here for 7-free handpicked stocks: https://www.zacks.com/bull Visit our website: https://www.zacks.com Visit our Stocktwits account: https://stocktwits.com/ZacksResearch Check out our weekly promotion: https://www.zacks.com/promo If you’re interested in our services, please check out Zacks Ultimate: https://www.zacks.com/ultimate/?adid=YOUTUBE&cid=sm-YOUTUBE
New York, NY. – December 7th. Portrait for a profile on Fanatics founder & CEO Michael Rubin at his office in downtown NYC. The Washington Post | Getty Images Fanatics held its second investor day in nearly a year as the company quietly moves closer to an initial public offering, a source familiar with the
Federal Reserve Chairman Jerome Powell holds a news conference after the release of U.S. Fed policy decision on interest rates, in Washington, May 3, 2023. Kevin Lamarque | Reuters On the heels of a 10-meeting streak of raising interest rates, the Federal Reserve on Wednesday is expected to take a break and let the U.S.
Many Americans feel wealthy — but don’t necessarily measure it in dollars and cents. Well-being, not money, has become the leading measure of wealth for most adults today, according to the new Charles Schwab “Modern Wealth” survey. It takes an average net worth of $2.2 million to be considered “wealthy,” the survey found — but
Lucigerma | Istock | Getty Images Retirement confidence may be dropping due to the economy. But for retirement savers and retirees alike, there’s one worry that stands out above the rest — the possibility they may outlive their assets, according to new research from research and consulting firm Cerulli Associates. That worry looms large for
In this article SBUX Follow your favorite stocksCREATE FREE ACCOUNT Marchers with Starbucks pass through the landmark intersection of Hollywood and Highland during the annual Pride Parade on June 12, 2022 in the Hollywood section of Los Angeles, California. David Mcnew | Getty Images Starbucks Workers United said Tuesday that dozens of the coffee chain’s
In this article BG ZION FHN AAPL Follow your favorite stocksCREATE FREE ACCOUNT A sign is posted in front of Oracle headquarters on December 09, 2021 in Redwood Shores, California. Justin Sullivan | Getty Images Check out the companies making headlines before the bell: Oracle — Shares jumped more than 5% after Oracle announced a beat
Mark Cuban didn’t always consider himself a nice person. When Cuban was in his 30s, running the tech company that would eventually make him a billionaire, he was laser-focused on productivity and results, he told the “Bio Eats World” life science podcast on Tuesday. These days, he regrets it. “I wish somebody would have told
Sam Edwards | Getty Images If you’re a freelancer, entrepreneur, or other worker who doesn’t have taxes withheld from your paycheck, a key deadline to make payments is approaching, according to the IRS. The due date for 2023 second-quarter estimated tax payments is June 15, which applies to income without withholdings, such as self-employment earnings,
In this article GSBD GS MS KMI Follow your favorite stocksCREATE FREE ACCOUNT NANNING, CHINA – MAY 17, 2023 – A commercial residential property is seen in Nanning, South China’s Guangxi Zhuang autonomous region, May 17, 2023. Future Publishing | Future Publishing | Getty Images Weakness in China’s real estate sector could be a drag
Visit our website: https://www.zacks.com Visit our Stocktwits account: https://stocktwits.com/ZacksResearch Check out our weekly promotion: https://www.zacks.com/promo If you’re interested in our services, please check out Zacks Ultimate: https://www.zacks.com/ultimate/?adid=YOUTUBE&cid=sm-YOUTUBE
In this article BBBY OSTK Follow your favorite stocksCREATE FREE ACCOUNT A “Store Closing” banner on a Bed Bath & Beyond store in Farmingdale, New York, on Friday, Jan. 6, 2023. Johnny Milano | Bloomberg | Getty Images Bed Bath & Beyond’s brand name may be the only part of the failed retailer that lives
A JD.com truck receiving incoming goods and preparing shipments at the Northeast China-based Gu’an warehouse and distribution facility in Gu’an, Сhina. XiXinXing | iStock Editorial | Getty Images Check out the companies making headlines in midday trading. Biogen — Shares of the biotech stock dipped 3% after Biogen revamped its board of directors. Three current
Ottawa Senators goaltender Alex Auld (35) stops Nashville Predators’ Patric Hornqvist, right, during second-period NHL hockey action in Ottawa, Ontario, Thursday, Feb. 9, 2012. (AP Photo/The Canadian Press, Fred Chartrand) Fred Chartrand The National Hockey League’s Ottawa Senators have found a new owner. Toronto-based billionaire Michael Andlauer has agreed to acquire the Senators, setting a