America's top 1% has total net worth of $44 trillion
Recent Federal Reserve data reveals that America's wealthiest 1%, with assets exceeding $11 million, amassed a record $44.6 trillion in wealth by the end of the fourth quarter of 2023, with fluctuations observed based on geographical location.
Recent Federal Reserve data reveals that America's wealthiest 1%, with assets exceeding $11 million, amassed a record $44.6 trillion in wealth by the end of the fourth quarter of 2023, with fluctuations observed based on geographical location.
Americans are still craving connection post-pandemic. The eclipse is creating that moment for us.
Millions of Americans are eager to socialize and make this eclipse a special moment – which includes splurging on the day, data shows.
Millions of Americans are eager to socialize and make this eclipse a special moment – which includes splurging on the day, data shows.
Why are food prices so high despite inflation falling?
Even if the cost of groceries declines, researchers say it's harder to notice decreasing food prices when the overall cost of living remains steep.
Even if the cost of groceries declines, researchers say it's harder to notice decreasing food prices when the overall cost of living remains steep.
More people moved to these US counties in 2023 than anywhere else
The U.S. Census Bureau released data on Thursday showing the top 10 counties in the country with the most population growth in 2023.
The U.S. Census Bureau released data on Thursday showing the top 10 counties in the country with the most population growth in 2023.
Wendy's to test 'surge-pricing' menu that updates based on demand
Dynamic pricing, similar to Uber, is coming to Wendy's. The chain will invest in new high-tech digital menus to adjust prices depending on restaurant traffic.
Dynamic pricing, similar to Uber, is coming to Wendy's. The chain will invest in new high-tech digital menus to adjust prices depending on restaurant traffic.
Capital One to purchase Discover Financial for $35 billion
Capital One Financial is buying Discover Financial Services for $35 billion, in a deal that would bring together two of the nation’s biggest lenders and credit card issuers.
Capital One Financial is buying Discover Financial Services for $35 billion, in a deal that would bring together two of the nation’s biggest lenders and credit card issuers.
Treasury secretary visits Michigan Central Station during Detroit trip, touts economic gains
“Middle-class families have had a lot of burdens, a lot of things they’re worried about," Yellen said.
“Middle-class families have had a lot of burdens, a lot of things they’re worried about," Yellen said.
Michigan governor, treasury secretary talk inflation and finances at Detroit Economic Club
The secretary of the treasury department was in Detroit on Wednesday for an appearance alongside the Michigan governor where Janet Yellen was interviewed by Gretchen Whitmer.
The secretary of the treasury department was in Detroit on Wednesday for an appearance alongside the Michigan governor where Janet Yellen was interviewed by Gretchen Whitmer.
Major bank announces elimination of 20,000 jobs after losses
Citigroup announced a net loss of $1.8 billion in the fourth quarter.
Citigroup announced a net loss of $1.8 billion in the fourth quarter.
Lower gas prices expected in 2024 and weather, geopolitics could play role
Analysts said growing oil production in the U.S., as well as greater inventories, could lead to prices falling by at least 15 cents through the year.
Analysts said growing oil production in the U.S., as well as greater inventories, could lead to prices falling by at least 15 cents through the year.
US national debt nears $34 trillion; majority of voters say economy is in bad shape
The U.S. government’s total debt was fast approaching $34 trillion as of Friday afternoon, according to the latest numbers from the U.S. Treasury.
The U.S. government’s total debt was fast approaching $34 trillion as of Friday afternoon, according to the latest numbers from the U.S. Treasury.
Gen X advised to ‘stop spending’ due to largest retirement savings wealth gap of any generation
Economist argues less spending equals a 'milder’ recession.
Economist argues less spending equals a 'milder’ recession.
Rent prices show biggest decline in more than 3 years, Redfin report says
Redfin says its the biggest annual price drop in rents since 2020.
Redfin says its the biggest annual price drop in rents since 2020.
Federal Reserve holds key interest rate steady, anticipates three rate cuts next year
The Federal Reserve kept its key interest rate unchanged Wednesday for a third straight time.
The Federal Reserve kept its key interest rate unchanged Wednesday for a third straight time.
How much do stamps cost now? Here’s what you will spend to send out holiday cards amid inflation
Still need to send out your holiday cards? It will cost you more this year.
Still need to send out your holiday cards? It will cost you more this year.
'Home Alone' fans shocked by almost 250% increase in grocery prices since iconic shopping trip
Kevin McCallister's grocery list in the classic film "Home Alone" has gone from $19.83 in 1990 to $72.28 in 2023.
Kevin McCallister's grocery list in the classic film "Home Alone" has gone from $19.83 in 1990 to $72.28 in 2023.
US consumer inflation eased in October, driven by cheaper gas, cars and airfares
Inflation in the United States slowed last month in a sign that the Federal Reserve’s interest rate hikes are continuing to cool the consumer price spikes that have bedeviled consumers for the past two years.
Inflation in the United States slowed last month in a sign that the Federal Reserve’s interest rate hikes are continuing to cool the consumer price spikes that have bedeviled consumers for the past two years.
Fed leaves rates unchanged, open to possible future hike
The Federal Reserve kept its key short-term interest rate unchanged for a second straight time but left the door open to further rate hikes if inflation pressures should accelerate in the months ahea
The Federal Reserve kept its key short-term interest rate unchanged for a second straight time but left the door open to further rate hikes if inflation pressures should accelerate in the months ahea
Biden administration awards $7 Billion to US clean energy hubs to ramp up hydrogen production
The White House calls hydrogen essential to achieving Biden's "vision of a strong, clean energy economy” and net-zero greenhouse gas emissions in the U.S. by 2050.
The White House calls hydrogen essential to achieving Biden's "vision of a strong, clean energy economy” and net-zero greenhouse gas emissions in the U.S. by 2050.
Will oil and gas be impacted due to war in Israel? Expert weighs in
Russia’s invasion of Ukraine caused oil and gas prices to surge last year.
Russia’s invasion of Ukraine caused oil and gas prices to surge last year.