Americans have experienced a boost in their buying power over the past year as inflation has decreased and the job market has strengthened. According to the U.S. Bureau of Labor Statistics, the average worker in the private sector has seen their real hourly earnings increase by 0.8% from May 2023 to May 2024. This means
App
Xreal, an Alibaba-backed startup, has introduced the Beam Pro device, revolutionizing the augmented reality (AR) experience for users. The Beam Pro serves as a bridge between AR glasses and Google Play Store apps, offering a virtual mouse-like functionality that opens up a world of possibilities for gaming, movie streaming, and social media interactions. With the
The $84 trillion Great Wealth Transfer set to occur in the next decade is poised to have a significant impact on the financial landscape. While millennials and Generation Z are often the focus when discussing inheritances from baby boomers, a new study reveals that it is Generation X that may actually receive the largest windfalls
Senator Elizabeth Warren has taken aim at Federal Reserve Chair Jerome Powell, accusing him of bowing to pressure from the financial industry. In a letter obtained by CNBC on June 17, Warren expressed her disappointment at reports suggesting Powell’s support for reducing the capital requirements under the Basel III Endgame regulations. Warren specifically called out
The latest government inflation data indicates a slowdown in the rate of price increases for food items. Despite this, the majority of American consumers still feel the burden of high grocery prices. Over the past few years, 80% of Americans have noticed a significant increase in the cost of groceries. According to a report by
The recent announcement of the FDA approval of Merck’s new vaccine, Capvaxive, to protect adults from pneumococcus bacteria is a significant advancement in the field of healthcare. This vaccine is specifically designed to prevent a severe form of pneumococcal disease that can lead to pneumonia, meningitis, and bacteremia. While the importance of protecting adults, especially
Nvidia’s recent explosive growth has caused a stir in the stock market, particularly with the Technology Select Sector SPDR Fund (XLK). This major technology exchange-traded fund is now faced with the daunting task of acquiring more than $10 billion worth of shares of Nvidia while significantly reducing its holdings in Apple. The rebalancing of the
The Federal Reserve recently announced that interest rates will remain unchanged with only one possible cut expected before the end of the year. This decision implies that individuals carrying balances on their credit cards will not be seeing much relief from the prevailing sky-high interest charges. According to Matt Schulz, chief credit analyst at LendingTree,
The U.S. Department of the Treasury and the IRS have recently announced a new plan aimed at closing a significant tax loophole that has been exploited by large, complex partnerships. This plan is expected to generate more than $50 billion in tax revenue over the next decade. The focus of this initiative is to address
Berkshire Hathaway, led by Warren Buffett, made headlines recently as it sold an additional 1.3 million shares of BYD, China’s largest electric vehicle maker. This move comes as the conglomerate continues to reduce its stake in the company, which was initially purchased in 2008. The decision to sell a portion of their holdings reflects Berkshire’s