50 percent of parents financially supporting adult children: Survey
New research shows that even when children are out of the nest, some parents still contribute to their child's livelihood. Vote from Savings.com This shows that 50% of parents still help offset the economic pressures of adult children. The average amount given to adult children among those surveyed was $1,474 a month, up 6% from […]
Stocks plummet after hot inflation report
Shares were sold on Friday after new federal data rose faster than expected and rekindled Wall Street inflation fears. The Dow Jones industrial average fell by more than 630 points shortly after the 12:30pm EDT, a loss of 1.5%. The NASDAQ Composite fell by 2.4%, while the S&P 500 index fell by 1.8%. Stock slides […]
Inflation fears reach highest level in 2 years: survey
Consumer sentiment jumped in March as concerns about rising prices and slowing economic performance are home to US households. Sentiment fell in the third month, a 12% drop from reading in February at the University of Michigan. Benchmark survey. Emotions were 28% lower than last March. Consumer inflation expectations for the next year have risen […]
SEC votes to stop defending climate disclosure rule
The Securities and Exchange Commission (SEC) voted to halt advocacy for rules requiring that some companies disclose warming emissions to the planet and how climate change will affect businesses. The Republican majority committee's decision on Thursday is no surprise as it previously said it would suspend defense of the rules. However, the formal vote presents […]
Trump: House should take up Senate-passed DC funding fix immediately
President Trump is urging the passage of laws promptly to correct what Congress called “mistakes,” which forces DC's local budget, Washington, to make significant cuts. Trump on Friday wrote about the true society that the home should “quickly” be the “DC funding 'modification” passed by the Senate. “We need to clean up the once beautiful […]
Core inflation rises ahead of Trump tariff announcement
The Federal Reserve's preferred inflation gauge was stable with an annual increase of 2.5% in February, with “core” prices excluding food and energy jumping to an annual increase of 2.8%. Advances in the headline's personal consumption expenditure (PCE) price index were consistent with analysts' expectations, but the core growth was slightly hotter than expected, increasing […]
How will Trump's auto tariffs affect car prices?
President Trump has imposed a 25% tariff on automobile imports. This is expected to raise the narrowing prices for American consumers and automakers relying on global supply chains. This tariff affects popular foreign brands such as Toyota and Honda, but American automakers such as Ford and General Motors also rely on imported parts to assemble […]
Canada updates guidance for residents traveling to United States
Editor's Note: This story was updated to reflect Canada's updates to its Travel Advisory. (News Nation) – Canada has Travel advisory updated For citizens traveling to the United States amid concerns surrounding some of President Donald Trump's policies. Starting April 11th, Canadians who have been in the US for more than 30 days You need […]
Trump SEC pick takes heat from Democrats over recession, agency's future
Democrats urged President Trump to head the Securities and Exchange Commission on Thursday for his previous work at the agency leading up to the 2008 financial crisis and plans for the future of the SEC. Former SEC committee member Paul Atkins appeared before the Senate Banking Committee and along with several other candidates the president […]
5 questions about Trump's auto tariffs
President Trump escalated a trade war with his partners this week when he announced that he would impose a 25% tariff on foreign vehicles and auto parts. The president argued that tariffs encourage foreign car producers to move production to the US and boost American employment, but rebound from trading partners and hits in the […]