Should baby boomers give away their $72.6 trillion to heirs now or later?
More than 9 million people viewed a post online by Adam Harding, an Arizona-based financial adviser, tackling this question Source...
Trump tax reform: These middle-class households could pay more
Extending the Trump tax cuts that expire next year will cost roughly $5 trillion over 10 years, but even with...
Costco to raise membership fees for first time in 7 years, and its stock rallies
Costco said that starting on Sept. 1, membership fees for individuals would rise by $5 for its U.S. and Canada...
Your Social Security check depends on immigrants — especially those in the U.S. unlawfully
How immigrants subsidize Social Security for the rest of us. Source link
Push to ban members of Congress from trading stocks gets a fresh shot, thanks to bipartisan Senate deal
While efforts to ban congressional stock trading have for years failed to gain sufficient traction, a bipartisan group of four...
NASA still expects Starliner to return astronauts from ISS
NASA astronauts Butch Wilmore (R) and Suni Williams, wearing Boeing spacesuits, depart the Neil A. Armstrong Operations and Checkout Building...
The stock market now is ‘numb to all news’ — but it isn’t time to sell
The U.S. market is due for a correction, this veteran trader says — but he’s staying invested. Source link
FTC to sue PBMs over drug prices including insulin
FTC Chairwoman Lina Khan testifies during the House Appropriations Subcommittee on Financial Services and General Government hearing titled "Fiscal Year...
Republicans say that limiting immigration will help reduce inflation. Economists aren’t so sure.
Securing the border and undertaking “the largest deportation operation in American history” are key focuses of the Republican Party’s new...
Becton Dickinson’s stock bounces as FDA addresses supply issue with blood-culture vials
Shares of Becton Dickinson & Co. bounced back Wednesday toward their first gain in seven sessions after the Food and...
The Fed's worst nightmare is officially here:
Today's data confirms ALL 3 inflation metrics are back on the rise.
For the first time since February 2022, Core CPI, PCE and PPI inflation are now rising at the SAME time.
Did the Fed spark a new wave of inflation?
(a thread)
You can’t make this up:
US personal savings have just been revised down by a MASSIVE $140 billion for 2024.
The savings rate for September was revised to 4.1% from the 4.6% initially reported in October.
The rate for August was adjusted down to 4.4% from 4.8% reported last… https://x.com/i/web/status/1862249594387894694
BREAKING: Investors bought just 16% of homes sold in the US in Q3 2024, the lowest share in 4 years.
This is ~5 percentage points below the record high seen in Q1 2022.
As a result, market share held by investors has declined toward pre-pandemic levels seen in 2019.
In total,… https://x.com/i/web/status/1862175353017602083
The Fed's worst nightmare is officially here:
Today's data confirms ALL 3 inflation metrics are back on the rise.
For the first time since February 2022, Core CPI, PCE and PPI inflation are now rising at the SAME time.
Did the Fed spark a new wave of inflation?
(a thread)
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