In the midst of economic uncertainty, investors are faced with the challenge of determining how much cash they should set aside for emergency savings. Despite some positive economic indicators, such as second-quarter growth, there is a prevailing sense of unease among Americans. A recent survey revealed that nearly 60% of respondents mistakenly believe that the
income
Market volatility has been a major concern for investors and financial institutions alike in recent times. The UBS CEO, Sergio Ermotti, expressed his views on the potential intensification of market volatility in the second half of the year. The recent sharp sell-offs in global equities have been attributed to weak economic data from the U.S.,
Former President Donald Trump and Vice President Kamala Harris have both expressed their desire to end taxes on tips for service and hospitality workers. The proposal aims to benefit lower-income individuals who rely on tips as a significant portion of their income. Harris recently reiterated her support for this idea at a rally in Las
Despite surpassing quarterly expectations, Home Depot is facing challenges ahead due to weaker than expected sales in the back half of the year. The home improvement retailer attributes this decline to high interest rates and consumer uncertainty, which have dampened demand. The company now anticipates full-year comparable sales to decrease by 3% to 4%, a
The Murdoch family feud in a Nevada court sheds light on the state’s increasing reputation as a global hub for family trusts. Nevada has been named the top state in the country for asset-protection trusts, offering a combination of benefits like no income taxes, secrecy protections, and strong defenses against creditors. The state’s trust industry,
Despite the remarkable strength of the U.S. economy amidst persistent inflation and high interest rates, a surprising 59% of Americans believe that the country is currently in a recession. According to a recent survey conducted by Affirm in June, most respondents pointed to higher costs and difficulty in making ends meet as a reason for
Restaurant CEOs are currently fixated on the concept of “value” as a primary explanation for their recent sales slumps. This term has been repeatedly emphasized in various quarterly conference calls, showcasing the industry’s intense focus on providing affordable options for consumers. From leaders at McDonald’s to Papa John’s, the use of the word “value” has
Restaurant Brands International recently reported a strong quarterly revenue that beat analysts’ expectations, driven by the impressive performance of Tim Hortons and the company’s international restaurants. However, CEO Josh Kobza acknowledged that they were hoping for even better results in terms of overall top-line performance. Despite this, they managed to outperform key competitors in several
The Biden administration’s new affordable repayment plan, known as SAVE, is facing significant legal challenges that are putting the program on hold. Republican-led states have sued the U.S. Department of Education, arguing that the agency overstepped its authority in implementing the plan. These legal battles could potentially delay the program for months or even longer,
With the finalization of major party tickets, the focus of many voters has shifted to the candidates’ personal finance policies that could potentially impact their wallets. Vice President Kamala Harris and Minnesota Governor Tim Walz, along with former President Donald Trump and Senator JD Vance of Ohio, are drawing battle lines over class warfare, attempting