Billions of dollars of debt will fall due this year on hundreds of big US office buildings that their owners are likely to struggle to refinance at current interest rates, per FT. The US national office vacancy rate is at an all time at 19.6%, per Moody's.

60% surveyed say they're now "triggered" by trips to the grocery store due to inflation, per Axios. A pound of ground beef now costs $5.23 on average, up from $3.89 in January 2020, and prices for fresh fruits and vegetables are nearly 14% higher,

45% of real estate agents claim they're struggling to pay rent in November, per Alignable. The latest data reveals a 5% increase in pending home sales from October, marking a 10% rise compared to September. The study, involving realtors, indicates that the persistently high interest rates, with the

The gross national debt of the federal government has now surpassed $34 trillion, reaching a record high and signaling future challenges for America's fiscal health. The U.S. Treasury Department released a report on Tuesday, highlighting the nation's financial situation amid political divisions in Washington, raising

China's population has declined for second year running, per AP. China's population decline has accelerated, marking a second consecutive year of record-low birth rates. The National Bureau of Statistics reported that China's total population decreased by 2.75 million, or 0.2%, reaching 1.

The U.S. Federal Reserve will wait until the second quarter before cutting interest rates, per Reuters. Read full article: https://www.reuters.com/markets/us/fed-cut-q2-probably-june-economists-less-dovish-than-markets-2024-01-23/#:~:text=BENGALURU%2C%20Jan%2023%20(Reuters),year%20than%20markets%20now%20expect. A majority of economists surveyed by Reuters anticipate that the U.

Apple, $AAPL, to release car with set date 2028, no longer 2026, per Bloomberg. Since its initiation in 2015, Project Titan, Apple's venture into the electric car domain, has encountered multiple setbacks and faced consistent changes in leadership. Initially aspiring to create a fully autonomous vehicle without a

Europe buying Russian oil via India at record rates in 2023 despite Ukraine war, per the Independent. Indian refiners are likely selling record quantities of Russian crude to Europe, according to a recent analysis. In recent years, India has emerged as one of Russia's major oil customers, with

Prices of motor-vehicle insurance rose 20.3% in December from a year earlier, the biggest jump since 1976, per Bloomberg. U.S. car owners are unlikely to find relief from the escalating costs of maintaining a vehicle, as motor-vehicle insurance prices surged by 20.3% in December compared to the

The Fed has to start cutting rates to avoid tipping the economy over, and 8 cuts are coming in the next 2 years, Bank of America, $BAC, chief Brian Moynihan has said per BI. Bank of America CEO Brian Moynihan has suggested that the Federal Reserve might reduce interest rates

A California restaurant operator of FatBurger is preparing for the $20-an-hour fast-food wage by trimming hours, eliminating employee vacation, and raising menu prices, per BI. Meanwhile, 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

Burger King workers now have to give you a crown and say "you rule," per Bloomberg. Burger King is prioritizing positive experiences over order speed in its latest approach to customer satisfaction. The fast-food chain encourages its restaurants to focus on creating a cheerful atmosphere, exemplified by offering

According to the Board of Governors of the Federal Reserve System, bank credit levels have experienced a decline for three consecutive quarters, marking the first sustained contraction since 2010. This represents only the second such decrease in over fifty years, with the previous occurrence taking place during the Great Recession

Amazon, $AMZN, employees fear that the company is using 'quiet firing' tactics and a 'brain drain,' per BI. Since late 2022, Amazon has reportedly laid off over 27,000 employees, and concerns are emerging about the company employing a strategy known as "quiet firing"

The housing market is breaking out of mortgage rate lock as a wave of sellers look poised to list their homes in the coming years, per Zillow. Zillow suggests that the housing market is gradually loosening its grip on the impact of elevated mortgage rates, potentially leading to an influx

FTX has sold 22 million shares worth close to $1 billion in Grayscale Bitcoin Trust since it was converted into an exchange-traded fund earlier this month, taking FTX's GBTC ownership down to zero, per Reuters. FTX has reportedly divested nearly $1 billion in Grayscale Bitcoin Trust (GBTC), selling

Terraform Labs files Chapter 11 bankruptcy in Delaware, per Reuters. Terraform Labs, the firm responsible for the stablecoin TerraUSD, whose collapse shook the cryptocurrency markets in 2022, has filed for Chapter 11 bankruptcy in the United States, as per court documents submitted on Sunday. In a filing to the bankruptcy

Ron Desantis drops out of Republican Presidential run and endorses Donald Trump. The decision comes just two days before the New Hampshire primary. DeSantis conveyed the announcement in a video on X — the same social media platform where he launched his White House bid. “Now, following our second-place finish in

Per MarketWatch: Investors encouraged to consider the ‘unthinkable’: no Fed rate cuts in 2024. A prominent Wall Street bank is exploring a scenario it deems "extreme," in which no Group of 10 central bank lowers interest rates this year due to persistent inflation, robust economic growth, or unforeseen

Trump will move markets more than the Fed, per Bloomberg. The US election, more than any other event this year, is poised to significantly impact markets, potentially surpassing the influence of actions taken by the Federal Reserve. Notably, Donald Trump secured a victory in the Iowa caucuses, consolidating his position

Trump pledges to prohibit the Federal Reserve from issuing a crypto coin,, per Bloomberg. "Tonight, I am also reiterating my commitment to shield Americans from government tyranny," Trump declared on Wednesday in New Hampshire ahead of the state's upcoming primary election. "As your president, I

Jeff Bezos made over $7.9 million an hour every hour in 2023; in under 13 minutes, he brought in the equivalent of what the typical person earns in a lifetime, per Benzinga. Read full article: https://finance.yahoo.com/news/jeff-bezos-made-over-7-172628289.html#:~:text=To%20put%20this%20into%20perspective,in%

The IRS says it has collected an additional $360 million in overdue taxes from delinquent millionaires, per AP. The IRS reports an additional $360 million in recovered overdue taxes from delinquent millionaires as part of ongoing efforts to modernize the agency using funds from the Inflation Reduction Act. Agency leaders

Buffalo, New York is anticipated to lead as the most robust housing market in 2024, as per an analysis by real estate firm Zillow. Zillow emphasized affordability as the primary factor influencing real estate, propelling lower-cost markets in the Great Lakes, Midwest, and South regions to the forefront of its

The information, initially disclosed by Front Office Sports, emerged within a day of The Arena Group, the publisher, revealing a substantial reduction in its workforce, affecting 100 employees. Arena attributed the layoffs to extensive debt management and recent missed payments, describing the move as part of cost-cutting measures to implement