Goldman Sachs has said the chance of a recession is 15% in the next year

Goldman Sachs has said the chance of a recession is 15% in the next year. Goldman Sachs has grown increasingly confident in the possibility of the US economy achieving the elusive "soft landing," as indicated in a recent research report. The report, titled "Soft Landing Summer,"

Bank of America, $BAC, Chase and Wells Fargo, $WFC, customers have reportedly seen deposit delays after major glitch with payment processor, leaving some unable to get paid

Bank of America, $BAC, Chase and Wells Fargo, $WFC, customers have reportedly seen deposit delays after major glitch with payment processor, leaving some unable to get paid, per BBC. Several major banking institutions, including Truist, Bank of America, Chase, US Bank, and Wells Fargo, encountered delays in processing direct deposits

Amazon, $AMZN, tells managers they can now fire employees who won't come into the office 3 times a week

Amazon, $AMZN, tells managers they can now fire employees who won't come into the office 3 times a week, per BI. The Federal Trade Commission has said Amazon, $AMZN, deliberately raised prices by more than $1 billion through secret algorithms known as "Project Nessie." Amazon employed

Government policy has resulted in a $129 trillion wealth transfer into the pockets of boomers and older Americans, per Bank of America

You've likely come across discussions about the "great wealth transfer," the $72 trillion in assets that the baby boomer generation is currently holding and is expected to pass on to millennials. This transfer is seen as a potential solution to the financial challenges faced by the

A worldwide lithium shortage could come as soon as 2025

A worldwide lithium shortage could come as soon as 2025, per CNBC. A potential lithium shortage looms on the horizon as demand for this metal continues to surge, and various analysts provide differing timelines for when it might occur. Some experts suggest that it could become a concern as early

The S&P 500 could soar another 18% by year-end, as the economy is strong and the Fed is likely to end its rate hike cycle

The S&P 500 could soar another 18% by year-end, as the economy is strong and the Fed is likely to end its rate hike cycle, per Oppenheimer. According to John Stoltzfus, the chief investment strategist at Oppenheimer, the S&P 500 is on track for a substantial

Apple, $AAPL, sales declined for a fourth straight quarter, marking the longest slowdown since 2001

Apple, $AAPL, sales declined for a fourth straight quarter, marking the longest slowdown since 2001. Apple reported a decline in sales for a fourth consecutive quarter, marking its longest slowdown since 2001. This comes as the company faces challenges in the sluggish Mac market and wavering demand in China. In

House approves $14.5 billion in assistance for Israel

Per AP: The House approved a nearly $14.5 billion military aid package Thursday for Israel, a muscular U.S. response to the war with Hamas but also a partisan approach by new Speaker Mike Johnson that poses a direct challenge to Democrats and President Joe Biden. In a departure

SBF, Sam Bankman-Fried, guilty

Sam Bankman-Fried, a prominent figure in the cryptocurrency world, has been found guilty on seven counts of fraud and conspiracy related to the collapse of the cryptocurrency exchange FTX. This verdict comes after a lengthy trial that lasted 15 days and involved extensive testimony. The jury's decision follows

The average 30-year fixed mortgage rate will reportedly be 6.94% at the end of this year

The average 30-year fixed mortgage rate will reportedly be 6.94% at the end of this year, per Wells Fargo. Mortgage rates in the US fell for the first time in eight weeks, per Bloomberg. This week saw a slight drop in the average rate for the benchmark 30-year mortgage,

Business bankruptcies in the US rose 30% percent, in the twelve-month period ending Sept. 30, 2023

Business bankruptcies in the US rose 30% percent, in the twelve-month period ending Sept. 30, 2023, per US Courts. The number of bankruptcies in the US recorded year-over-year have increased for 13 straight months, per MW. Americans filed more than 39,000 bankruptcy cases in August, an 18% increase from

Boomers hold half of America's wealth — but they're going to spend it on themselves before their kids have a chance to inherit their money

Boomers hold half of America's wealth — but they're going to spend it on themselves before their kids have a chance to inherit their money, per BI. As the baby boomer generation enters its elder years, there's a growing curiosity and concern about the fate

Remote work saves employees about an hour per day from commuting

Remote work saves employees about an hour per day from commuting, per USA Today. Owl Labs' "State of Work" report for 2023 revealed that 66% of U.S. employees returning to the office for a full workweek spend an average of $51 per workday, emphasizing the increased

Don’t expect the same raise you got last year

Don’t expect the same raise you got last year, per Bloomberg. Companies are tightening their budgets for merit raises in the coming year, which may come as a surprise to employees who have seen two consecutive years of pay increases. According to Aon Plc, a company that compiles compensation

Gen Zers are looking to live in simpler, quiet locations in the Midwest or mountain regions

Gen Zers are looking to live in simpler, quiet locations in the Midwest or mountain regions, per BI. The most recent data from StorageCafe and LendingTree reveals that the youngest generation of adults is increasingly gravitating toward the Great Plains and the Mountain West in search of more affordable living

Mortgage rates in the US fell for the first time in eight weeks

Mortgage rates in the US fell for the first time in eight weeks, per Bloomberg. This week saw a slight drop in the average rate for the benchmark 30-year mortgage, ending a seven-week trend of increases. This provides some modest relief to potential homebuyers who are facing a housing market

The Federal Trade Commission has said Amazon, $AMZN, deliberately raised prices by more than $1 billion through secret algorithms known as "Project Nessie"

The Federal Trade Commission has said Amazon, $AMZN, deliberately raised prices by more than $1 billion through secret algorithms known as "Project Nessie." Amazon employed various illicit tactics to enhance profits in its online retail empire, as revealed in a new court filing by the Federal Trade Commission

IRS has announced 2024 retirement account contribution limits: $23,000 for 401(k) plans, $7,000 for IRAs

IRS has announced 2024 retirement account contribution limits: $23,000 for 401(k) plans, $7,000 for IRAs. In 2024, the maximum employee contribution limit for 401(k) plans will rise to $23,000, compared to $22,500 in 2023. However, the catch-up contributions for individuals aged 50 and older

McDonald’s, $MCD, and Chipotle are increasing menu prices after California raises fast-food minimum wage

McDonald’s, $MCD, and Chipotle are increasing menu prices after California raises fast-food minimum wage, per CNBC. McDonald’s and Chipotle Mexican Grill are preparing to raise menu prices in California in response to the state's upcoming minimum wage increase for fast-food workers. The wage will be raised

The Fed has once again paused rate hikes

The Fed has once again paused rate hikes. The Federal Reserve once again decided to keep benchmark interest rates unchanged during its recent meeting, against the backdrop of a growing economy and a strong labor market, while inflation remains notably higher than the central bank's target. As widely

The SafeMoon Founders have been arrested over conspiracy to commit wire fraud and money laundering

The SafeMoon Founders have been arrested over conspiracy to commit wire fraud and money laundering, per the US Attorney's Office for the Eastern District of New York. The Securities and Exchange Commission (SEC) filed a complaint on Wednesday against SafeMoon LLC, the company behind the cryptocurrency, along with

Schwab, $SCHW, is laying off up to 2,154 people out of 35,900 staff

Schwab, $SCHW, is laying off up to 2,154 people out of 35,900 staff. Charles Schwab Corp. has reduced its workforce by 5% to 6%, affecting around 1,795 to 2,154 employees out of its total headcount of 35,900. This move is part of the company'

12% of Generation Z said they believe they will never be able to own a home

12% of Generation Z said they believe they will never be able to own a home, per Redfin. Home buyers are backing out of deals at the highest rate in a year, per BI. In September, there was a significant increase of 16.6% in monthly pending home sales falling

Sam Bankman-Fried and FTX paid Steph Curry $35 million for 20 hours of work a year, for three years

Sam Bankman-Fried and FTX paid Steph Curry $35 million for 20 hours of work a year, for three years, per Michael Lewis. Sam Bankman-Fried, the embattled cryptocurrency magnate currently facing federal trial for fraud and money laundering charges, paid NFL legend Tom Brady a staggering $55 million for what can

The housing market is headed back to a 1980s-style recession, Wells Fargo WFC has said

The housing market is headed back to a 1980s-style recession, Wells Fargo, $WFC, has said. In spite of the persistent warnings and predictions of a recession from various economists and experts in the past year and the current one, the U.S. economy as a whole has demonstrated remarkable resilience.