Debt is fueling Americans’ summer fun. Many will be paying it off for years.
Many Americans are willing to take on debt to enjoy the summer but will end up carrying those balances with...
Amazon Prime Day will have more travel deals this year. Here are the good ones — and the ‘terrible’ ones.
Amazon Prime Day, which runs July 16-17, will have a landing page for travel deals. Source link
Target won’t take your paper checks anymore, but these major retailers will. The humble check isn’t dead yet.
Target will stop accepting checks July 15, but several major retailers told MarketWatch they still take personal checks. Source link
This country has seen its wealth growth explode since 2008. It’s not the U.S.
UBS’s 2024 Global Wealth Report, released on Wednesday, shows that globally, people have been getting progressively wealthier, with dramatic rises...
Fed Chair Powell sees ‘broad and material changes’ to Basel III endgame
Outcome of process could free up more capital for bank stock buybacks, analyst says Source link
Carvana’s stock is up 2,700% over 18 months. Here’s the case for more upside.
Needham upgrades Carvana shares, saying the company is a “secular growth story with a cyclical-recovery kicker.” Source link
Oil prices struggle for direction after weak China data sparks demand concerns
Oil futures fell Wednesday, declining after cooler-than-expected Chinese inflation data underlined worries about crude demand. Source link
The Fed said it needs more low-inflation signs to cut interest rates. The CPI might deliver one.
The Federal Reserve isn’t going to cut U.S. interest rates until it gets a few more low inflation readings. It’s...
Here are the best and worst U.S. airlines, according to passenger complaints
Customers lodged 61,233 complaints against U.S. airlines in 2023, new Transportation Department data shows, with this airline getting the most...
Intuit to lay off 1,800 amid location shuffle and AI investment
The tax-software company said it’s identified 1,050 employees who are “not meeting expectations.” Source link
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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