California: L.A. County increases its sales tax rate, ranking among the highest in the nation
Los Angeles County is set to increase its sales tax from 9.75% to 10.25%, putting it among the highest rates in the country. This decision follows the passage of Measure ER, which voters approved earlier in the summer. The sales tax hike took effect on Thursday after being approved on June 2nd. With this change, […]
40% error rate identified in vetting process for Afghan migrant program during Biden’s chaotic exit
DOJ uses Alien Terrorist Removal Court for first time ever In a significant move, the Department of Justice has, for the very first time, utilized the Alien Terrorist Removal Court to deport an individual deemed a national security threat. This situation coincided with the disruption of an election day terror plot involving an Afghan national […]
Australian Dollar remains above 0.70 as RBA rate increase is confirmed.
The Australian Dollar slipped by 0.10% against the US Dollar as market sentiment worsened due to diminishing hopes for peace between the US and Iran. This has resulted in a rise in US bond yields and a decline in US stock markets. The AUD/USD is currently at 0.7016. AUD/USD Remains Steady Amid Geopolitical Uncertainty and […]
How the Fed’s first rate increase in years affects your finances
Impact of Fed’s Interest Rate Hike on Consumers The Federal Reserve has recently implemented its first interest rate increase in over three years, which is expected to raise borrowing costs for many consumers, especially those with variable-rate debts like credit cards and home equity lines of credit. Earlier this month, the Fed made the unanimous […]
Swiss Franc declines before SNB interest rate decision
The USD/CHF pair is seeing a slight uptick on Wednesday, breaking a streak of four days in the red. This change coincides with ongoing demand for the US Dollar, which has gained traction following the Federal Reserve’s recent rate hike during its meeting on September 15-16. As of now, the currency pair is trading around […]
Tom Barkin from the Richmond Fed indicates that inflation concerns could lead to additional rate increases.
Federal Reserve Raises Interest Rates Amid Inflation Concerns The Federal Reserve’s recent choice to increase interest rates could be the beginning of a series of hikes intended to manage ongoing inflation issues. In this context, a leader from the central bank shared insights on future inflation trends. In a speech to the CFA Society Baltimore, […]
Residents of Pennsylvania purchasing health insurance via Pennie can expect significant rate increases in 2027.
Pennsylvania’s Health Insurance Rate Hikes for 2027 Those purchasing health insurance in Pennsylvania through the Affordable Care Act marketplace, known as Pennie, should prepare for significant rate increases next year. The Pennsylvania Insurance Department has confirmed an average hike of 16% for individual and family health plans sold via Pennie. Meanwhile, premiums for small business […]
Seton Hall’s national security program reports an 80% placement rate in government jobs.
Seton Hall University Program Prepares Students for National Security Challenges As the U.S. faces more complex threats, ranging from China to artificial intelligence, a program at Seton Hall University is providing graduate students with practical experience in tackling national security issues. This initiative, the National Security Graduate Fellowship, boasts an impressive 80% placement rate for […]
Fertility rate in the US drops by 25% in under 20 years, with 25% of births now to immigrant women
Fertility Rates in the U.S. Decline Significantly It seems like families are getting smaller. Recent data indicates that fertility rates among American women have dropped by nearly 25% over the past two decades, and projections suggest this trend will continue. Notably, about one in four births in the U.S. now occur among foreign-born mothers, based […]
Poverty Rate in the US Reaches All-Time Low, Income Levels Achieve New Highs
U.S. Poverty Rate Drops to Record Low in 2025 The Census Bureau announced on Tuesday that the U.S. poverty rate decreased to its lowest recorded level in 2025, while median household income reached an all-time high. The official poverty rate fell by 0.5 percentage points to 10.2%, which translates to about 34.5 million individuals living […]