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Consumer spending and debt are up as US economy begins rebound

Consumers increased spending on retail and food services, increasing household debt. (iStock) Retail and food service purchases reached an estimated $700.3 billion in January 2024, an increase of 0.6% year over year. Census Bureau data indicates. Increased purchases and other debts are contributing to the increase in household debt. Total household debt in the United […]

Yankees hope Ron Marinaccio’s offseason work leads to 2024 rebound

TAMPA — The Yankees are talking about many pitchers entering spring training with a better foundation from offseason practices. Ron Marinaccio took it literally. A stress reaction in his shin late in the 2022 season set him back from a strong rookie season and limited his preparation for the offseason entering 2023. Ron Marinacio pitches […]

Divsion II women’s basketball player sets NCAA record with incredible 44 rebound game

Women’s college basketball There was a monster on Thursday night. iowa hawkeyes star caitlin clarke became the NCAA women’s all-time leading scorer, and Francis Marion center Lauryn Taylor set an all-division all-time record with 44 rebounds against North Greenville in Division II play. A practice basketball on a rack is seen in full view during […]

Why Yankees will quickly rebound after historic 2023 disaster

The 2023 Yankees season was a disaster. We know this in part because the constantly criticized and four-time World Series champion general manager, Brian Cashman, told us it was a disaster. Just to be clear, this is not a post-season recap, even though he has nearly six weeks left, and forever. Up-and-coming manager Aaron Boone […]

Bitcoin tops $50,000 for the first time since 2021 in massive rebound

On Monday, Bitcoin exploded above the $50,000 threshold for the first time in more than two years. This is the latest sign of a major recovery for the scandal-rocked crypto sector. The expensive cryptocurrency rose nearly 5% in afternoon trading on Monday, hovering around the $50,000 level after surging past a milestone. Bitcoin is up […]

Michigan anticipates tax revenue rebound following 2023 slump

Michigan's tax revenues will decline slightly this year, but will recover over the next two years. State officials predicted Friday that the main reason is tax policy changes implemented by upstart Democrats, who posted record surpluses last year. Economists from the state Legislature and Democratic Gov. Gretchen Whitmer's administration outlined their projections for state tax […]

Chinese exports begin rebound, but 2023 slump still apparent

China's exports are likely to grow even faster in December for a second consecutive month, a Reuters poll showed, a sign that global trade is starting to recover on the back of an upturn in the electronics industry and hopes of lower borrowing costs in 2024. became even stronger. Overseas shipments from the world's second-largest […]

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