The British pound started the week quietly. GBP/USD is trading at 1.2718 in the North American session at the time of writing, down 0.03% on the day. UK job growth is expected to shrink The United Kingdom publishes the May employment report on Tuesday. UK job growth has been contracting for some time and the … Read more
(NewsNation) – Millions of Americans could see their Social Security benefits cut in just nine years, and according to a recent report, most people have no idea. A new study by the Peter G. Peterson Foundation found that only 30% of Americans knew that Social Security benefits would be cut by 21% in nine years … Read more
Corporate greed is not causing inflation, despite the claims of many on the political left who have failed to understand the fundamentals of economic supply and demand. “If you look at what people have, they have money to spend. It pisses them off and it pisses me off that you have to spend more. It … Read more
Mortgage foreclosure volumes rose almost 7% in May as borrowers faced continued rate volatility. Bonds grew at an increased rate of 6.78% in May, compared with 1.87% in April, according to secondary market services provider Mortgage Capital Trading. On a year-over-year basis, mortgage foreclosure volume also increased by 19.84% last month Among the loan categories, … Read more
In California, the creative economy is one of its most vital, but in 2023 it shrank by about 8% according to the latest. Otis College Report on the Creative Economy, released on June 6. The report was presented in person and online from a stage at Sony Pictures Studios in Culver City, a place connected … Read more
(NewsNation) – Millions of Americans could see their Social Security benefits cut in just nine years, and according to a recent report, most people have no idea. A new study by the Peter G. Peterson Foundation found that only 30% of Americans knew that Social Security benefits would be cut by 21% in nine years … Read more
or Florida TaxWatch The report projects that the number of people moving to Florida will begin to slow by 2028. The government’s watchdog group is launching a new forecast of the state’s economic outlook. In the initial report in what will be regular quarterly forecasts, Florida TaxWatch said the state’s population will continue to grow. … Read more
Toyota, the popular Japanese car manufacturer, has been hit by a major scandal, resulting in a staggering loss of $15 billion in market value. Last week, Toyota and Mazda were forced to halt logistics distribution and model manufacturing due to an ongoing investigation by the Ministry of Land, Infrastructure, Transport and Tourism (MLIT). The company … Read more
The emergence of AI technology has yet to create a jobs boom, research shows. Photo / Getty Images Demand for workers with generative AI skills peaked the year ChatGPT launched and has waned in the past two years amid hype and concern over the technology’s impact, a study in Australia suggests. New analysis from jobs … Read more
Cetera Financial Group has hired another former Fidelity executive, naming Jerry Patterson as head of advanced wealth solutions, a newly created position. Patterson, the former president of Fidelity Investments Life Insurance Company, will build Cetera’s retirement, life insurance and annuity products available to the firm’s advisors. At Fidelity, Patterson helped the firm’s advisors and RIA … Read more