With the clock ticking to remedy Social Security’s financial ills, many experts are pushing Congress to take urgent action, yet there’s little agreement on which medicine might work best. The points of contention were on display this week at a panel discussion focused on Social Security’s future. Competing proposals involve…
Last month’s bank failures, combined with a healthy yield advantage over bank deposit accounts, has prompted a “super surge” of assets into money market mutual funds, according to research firm Crane Data. Money market funds, which invest in very short-term, high-quality debt, in March enjoyed their third-best month of inflows…
For anyone watching Netflix, the streaming services’ recent moves to cut costs could mean fewer films, lower-budget shows and — depending on your subscription — more ads. For anyone buying a Tesla, its moves to cut prices will make it easier on customers, but harder on profit-seeking investors.With both companies…
Former IMF chief economist Olivier Blanchard, one of the first economists to warn about high inflation in the waning days of the pandemic, now says inflation can come down on its own because the shocks that kept inflation percolation in the 1970s seem absent today. During the 1970s when inflation…
Credit-card debt climbed to a historic high at the end of last year.That’s according to new data from the Federal Reserve Bank of Philadelphia, which adds to earlier reports of record-smashing balances in 2022’s final quarter. Credit-card balances reached nearly $765 billion in the fourth quarter — up by more than…
Given all that’s going on in the world today, the concept of saving and building up an emergency fund may feel like a pipe dream. But no matter where you are or what you are dealing with in terms of your finances, there is a path toward slowly building up…
After Bud Light’s recent partnership with a transgender influencer, sales of the beer may take a hit as a result of conservative calls for a boycott — or they may get a boost from other consumers buying more of the product in response. Whatever the effect, analysts say, it will…
Rent growth is cooling and apartment landlords are feeling the heat, especially those who will soon need to refinance debt they took on to buy buildings. Yet one company is still upbeat on the outlook for multifamily rentals, particularly in the Sun Belt. “You have major supply constraints in most…
For the second year in a row, an annual report’s findings that serious-injury rates at Amazon.com Inc.’s warehouses were more than twice the rates at other warehouses coincides with a shareholder resolution calling for an independent audit of worker health and safety. The injury rate of 6.6 per 100 workers…
Wealth inequality in the United States is “more extreme and dangerous than income inequality” and could be alleviated by a federal wealth tax, a new report says. The nation’s billionaires are almost a third richer than they were at the beginning of the COVID-19 pandemic in 2020, according to new…