economy

A dozen insurance industry groups have secured national stay orders from two Federal courts on a new retirement protection regulation that compels agents to sell products in their client's best interests during 401(k)-IRA rollovers.

A Goldman Sachs report revealed that Democratic nominee Kamal Harris's economic agenda is positioned to boost the US economy by creating more jobs, lowering living costs, and imposing tax hikes on conglomerates and the wealthy.

US Vice President and Democratic nominee Kamala Harris plans to lower living costs through several measures, including lowering grocery prices, introducing child tax credits, and offering downpayment assistance for first-time homebuyers.

Lou, a final-year student working full-time in the tech sector, had to pay off her $16 outstanding BNPL debt and $38,000 in HECS student loans before securing a mortgage.

Americans increasingly value time over money as the definition of wealth for younger generations rapidly shifts to spending more time with friends and family.

The Biden Administration's latest pay raise announcement is lower than the 4.6% hike at the end of 2022 and 5.2% at the end of last year.

More UK homeowners seek financial assistance from charities and lenders as their fixed-rate mortgage deals end this year. The new, higher rates are expected to hike payments by an average of £1,800 annually, raising risks of defaults and more outstanding balances with arrears.

The trash and dumpster cleaning services industry benefits from intrinsic factors like a growing population, densely populated areas, and environmentally conscious consumers and lawmakers calling for sustainable practices.

Buffett invested heavily in the Class A shares of Heico Corporation, which continues to post record net sales and income growth while returning value to investors via cash dividend hikes.

During Redfin's Q2 earnings call, CEO Glenn Kelman said he is surprised about the muted real estate market activity despite mortgage rates consistently declining in recent months.

Gold prices hover near record highs as disappointing tech earnings, growing Israel-Iran tensions, and signs of weakness in the US economy stirred volatility in global stock markets.

Intel will deploy over a $10 billion cost-cutting plan to strengthen its balance sheet and accelerate plans for AI chips and the foundry business.

Michael Cembalest sees the driverless car backlash coming from citizens, the Russia-Ukraine war continuing despite Russia losing two-thirds of its tanks, and more severe power outages in the US.

High inflation and rising California fires have led State Farm to propose homeowners insurance rate hikes. At the same time, many insurers remain hesitant to return to the state due to rapid climate change.

Since the S&P 500's inception in 1957, there have been 16 presidential elections, half of which had incumbents running for their second terms.

The Nobel laureates think former President Donald Trump's re-election will reignite inflation and have a destabilising effect on the US economy.

While women make up just 12.5 per cent of the 3,194 billionaires in the world, the number of self-made female billionaires is increasing.

Steve Eisman believes that the demand for AI and infrastructure is pushing the economy to new heights, and Apple has a central role in it.

Leading chipmaker and AI player Nvidia announced a 10:1 stock split for the company's common stock that will take place on June 7.

JPMorgan CEO Jamie Dimon thinks the odds of a recession are higher than people think despite markets reaching record highs and the consensus rooting for a sustained bull run.

Billionaire Ray Dalio's fund boosts tech holdings to 17% of the total portfolio in Q1 by investing heavily in Nvidia, Alphabet, Apple, Microsoft, Meta, and Amazon.

Cathie Wood splurged millions in biotech this year on strong clinical progress, AI adoption, sales growth, wider outreach, and steady product pipelines.

Renowned investor Ken Griffin upped his stake in Amazon rapidly as the tech firm continues to leverage AI in AWS and e-commerce to boost sales and net income.

Michael Burry's latest Q1 filings show he wagered $7.6 million on gold via a fund that allows him to redeem units in actual physical gold.

Analysts share how overvalued AI companies, tech adoption, higher rates, inflation, and growing corporate earnings affect stock and bond returns in the future.

Blacklisted debtors in China may feel trapped in the system as the government can hold their salary to recoup the money they owe.

As a senior manager at a pharmaceutical firm, Angela Bolt's student loans began at $34,000, but have grown to an overwhelming $528,152 over the years.

Walmart now charges customers £76 ($98) per year for access to self-checkout lanes, sparking debate over anti-theft measures versus revenue generation.

According to the Kiel Institute for the World Economy, since Russia launched its full-scale invasion of Ukraine in February 2022, the US has provided Ukraine with $74.3 billion in aid.

Eastern Europe's economic development hinges on the continued leadership of the private sector, driving progress and prosperity in the region.