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Drug prices soar 37% in past decade, surpassing inflation: study

A new study finds that prescription drug prices in the United States have risen nearly 40% over the past decade, outpacing the rate of inflation over that period. Price increases, which have soared 37% since 2014, have slowed this year, but rising costs continue to push consumers up their out-of-pocket expenses. This is according to […]

Stock market outlook: S&P 500 could soar to 15,000 by end of decade – Fortune

Tom Lee, co-founder of Fundstrat Global Advisors, was one of the few people on Wall Street who predicted a rise in stocks last year when a recession was widely expected and most of his colleagues saw stocks fall. But he and the American economy proved the doomsayers wrong. Forecasters surveyed by BloombergLee’s prediction for 2023 […]

Bipartisan concerns surround Michigan’s SOAR program

Both parties have expressed concerns about Michigan Gov. Gretchen Whitmer’s $250 million overhaul of the Strategic Outreach and Attraction Reserve Fund. The fund was first established in 2021 as a response to Ford Motor Co. relocating its major manufacturing operations to Kentucky and Tennessee, and has since doled out $1.7 billion to both Ford and […]

Starling's Profits Soar 55% as Loan-Loss Provisions Increase – PYMNTS.com

Starling The company has just achieved its third year of profitability as it plans to expand its software business. The UK neobank announced on Wednesday (June 12) Annual Reportreported a 54.7% increase in pre-tax profit to 301.1 million pounds ($384.3 million). The company’s revenue increased 50.6% to 682.2 million pounds ($870 million), and total deposits […]

Home Prices Soar to Record High, Squeezing Affordability

U.S. home prices continued to rise relentlessly in March, as rising interest rates to fight inflation keep home inventory low, making it harder for buyers to purchase their own homes. The S&P CoreLogic Case-Shiller 20-city index rose 7.4% year-over-year in March, accelerating from a 7.3% increase in February. The data released on Tuesday. Compared to […]

Housing prices soar to a new all-time high in March

ResiClub co-founder and editor-in-chief Lance Lambert talks about the US housing affordability crisis on “Making Money.” Home prices hit a new record in March. Housing shortageThis is despite rising mortgage rates putting home buying out of reach for more Americans. The S&P CoreLogic Case-Shiller index showed Tuesday that national home prices rose 6.5% year-over-year in […]