FedEx shares took a huge hit, sinking over 8% after the parcel delivery behemoth cut its full-year guidance. The company pinned this change on “persistent weakness and uncertainty” in the U.S. industrial economy. The announcement caused shockwaves in the market, sending the entire market tumbling as investor mood turned sour....
Unfortunately, the Trump administration seems determined to press ahead with its reciprocal tariff plan, which is still due to start on April 2. The plan goes out of its way to ensure a level playing field. It does this by assigning tariff rates to countries based on the duties those...
As we go deeper into 2024, the housing market is starting to see relief in terms of inventory and price corrections. In addition, homes are taking longer to sell compared to a year ago. On top of that, most listings are being heavily discounted. These trends indicate a changing market...
In March, the latest consumer price index (CPI) data released by the government showed a 2.8% rise. This increase is against the backdrop of spring 2021. This deceleration offers encouraging signs after recent concerns that inflation had become entrenched and wouldn't fall back to the Federal Reserve's target. Though overall...
Consumers are understandably confused about rising interest rates. After another week of mixed signals on the economy, the Federal Reserve is almost certain to leave rates on hold at the conclusion of its two-day meeting next Wednesday. So while some borrowing costs are indeed easing—namely for 30-year fixed mortgages—others are...
The income required to be considered middle class in the United States has risen, with Massachusetts now having the highest threshold. Even with those inflation adjusted wage gains since last year, plenty of middle-class Americans are living paycheck-to-paycheck, as a new report from CNBC’s The Exchange shows. This unfortunate truth...
The Federal Reserve wrapped up its two-day meeting on March 19 with a move that surprised no one – interest rates would remain unchanged. This decision affects all of the borrowing and savings rates that Americans face every day. Influenced by concerns about potential economic weakness and the complexities introduced...
Since that initial effort, the U.S. Department of Commerce’s Bureau of Industry and Security (BIS) has been pretty busy adding 80 organizations to its “entity list.” Over half of these folks are based in China. This move prevents US firms from shipping technologies to these groups without government licenses. The...
Ellen Pompeo, star of the long-running medical drama "Grey's Anatomy," revealed the pivotal role Shonda Rhimes played in securing her $20 million-a-year contract. Pompeo discussed her journey to achieving financial independence and advocating for other women in a recent appearance on the "Call Her Daddy" podcast. The actress emphasized the...
23andMe, the California-based personal genomics company, has today made a formal Chapter 11 bankruptcy protection filing. This decision deepens uncertainty about the long-term fate of its extensive genetic database. The company has faced recent and unprecedented scrutiny by the public for its data privacy practices. Now, as part of the...
This company, GameStop, has in part chosen to park some of their corporate cash reserves into Bitcoin. This decision is made all the more surprising given the company recently announced a staggering net income of $131.3 million for their fourth quarter. The board’s vote of unanimous confidence authorized the entire...
GameStop announced its board of directors has unanimously approved a plan to purchase bitcoin using the company's corporate cash reserves. This move, similar to MicroStrategy's well-known bitcoin investment strategy, comes as investors celebrate GameStop's positive fourth-quarter results. The announcement triggered a rapid spike in the company’s stock. It surged over...
Former President Donald Trump had very publicly supported National Security Advisor Michael Waltz. This backing followed the news over the weekend when it was revealed that Waltz helped facilitate a major security breach. Waltz allegedly invited a reporter into a Signal chat room where high level officials were hashing out...
Recently, BYD has become a household name in the global electric vehicle market. They just announced quarterly revenue exceeding that of their competition, Tesla. With a staggering 2024 revenue projection of 777 billion yuan ($107 billion), the automaker has overtaken Tesla’s $97.7 billion. This milestone has been reached as BYD...
This week, Equal Pay Day reminds us that the gender pay gap is alive and well. It highlights the cumulative effect this gap makes on women’s long-term financial security. Even with these advances in education and an increased awareness on the part of women, the gender pay gap continues. This...