New state-level analysis from the National Endowment for the Arts shows that employment in Illinois’ performing arts sector hasn’t returned to pre-pandemic levels, but the news isn’t all bad. The new analysis also shows that growth in the overall arts sector in Illinois is outpacing that of other states, the Midwest and beyond. About 1,000 … Read more
WASHINGTON (AP) – After Federal Reserve officials meet this week, a statement they will release could suggest they have seen meaningful progress in inflation this year – a prelude to eventual interest rate cuts. It’s hard to say, though, because the officials themselves may not know for sure until they begin their meeting. That’s because … Read more
The second half of this year comes with three more SSI varies which will affect the recipients, especially the pensioners’ salaries. Thanks to these changes, more low-income seniors and people with specific disabilities will be able to apply for the Supplemental Security Income (SSI) program this fall. If you qualify for the SSI program or … Read more
Apple’s Worldwide Developers Conference (AAPL) event kicked off on Monday in Cupertino, California. as the tech giant announced its long-awaited generative AI initiative: Apple Intelligence. Yahoo Finance’s Dan Howley has the details: The technology, Apple’s first step toward generative artificial intelligence, will be deeply integrated into the company’s hardware and software products ranging from iPhone … Read more
Bank stocks ended last week as a strong jobs report supported expectations of continued economic strength.Michael Nagle/Bloomberg Bank investors dipped a toe into rally mode after Friday’s federal jobs report showed strong employment gains and continued economic energy that bodes well for lenders’ credit quality. of KBW Nasdaq Bank Index advanced less than 1% for … Read more
It’s probably no surprise to you that, these days, the middle class, the backbone of the nation, is struggling. “Gas for air,” ace Newsweek put it Here is the original press release from the National True Cost of Living Coalition. “Middle class” is a rather vague concept – one definition is those whose income is … Read more
The claims, which were denied by the Social Security Administration, spread through clickbait headlines from unreliable sources. Social Security is a government program that provides monthly payments to American retirees and others who cannot work because of a disability. Several VERIFY readers, including Patricia and Melinda, reached out to ask if claims shared in online … Read more
Our Global Markets Watchlist tracks eight prominent indices from economies around the world. The list includes the S&P 500 from the United States, FTSE 100 from England, the DAXK From Germany, CAC 40 from France, Nikkei 225 from Japan, Shanghai from China, Hang Seng from Hong Kong and BSE SEX from India. All eight indices … Read more
The delinquency rate of U.S. CMBS loans will rise more than expected this year and next, eclipsing the peak of the Global Financial Crisis in 2025, according to a new national bureau report. Fitch Ratings on Friday raised its U.S. office CMBS delinquency forecast to 8.4% for 2024 and 11% for 2025. The office delinquency … Read more
The NFIB Optimism Index and Consumer Price Index, key economic data, are set to be released ahead of the Federal Reserve’s interest rate decision. Crossmark Global Investments Chief Market Strategist Victoria Fernandez joins Market Domination to discuss the state of inflation and when the next interest rate hike might start. Fernandez explains that despite the … Read more