The Federal Reserve for FOMC have continued to pause rates. The Federal Reserve has opted to keep interest rates unchanged at its year-end meeting but conveyed that it has concluded its series of interest rate hikes in the significant battle against inflation. Additionally, the Fed hinted at the possibility of

Home sellers in Northern California has sued Re/Max, Keller Williams and other national real estate brokerages and realtor trade associations, accusing them of conspiring to artificially inflate the commissions paid to buyers' brokers, per Reuters. The plaintiff, a woman from Marin County, initiated the lawsuit representing a proposed

In November, the Consumer Price Index (CPI) aligned with economists' predictions, registering a headline inflation rate of 3.1%, a slight decrease from the previous month's 3.2%. The monthly headline CPI exhibited a 0.1% increase, meeting expectations and surpassing October's 0.0%. The

California is likely to see a $68 billion deficit in its next fiscal year as income tax revenue plummets, per Bloomberg. California is anticipated to confront a staggering $68 billion deficit in the upcoming fiscal year, reflecting a substantial decline in income tax revenue. This projection, marking the second consecutive

Ukraine could lose its war with Russia if the U.S. delays military aid. The chief of staff for Ukrainian President Volodymyr Zelenskyy, Andriy Yermak, expressed concern that if the United States delays military aid to Ukraine, there is a significant risk that the country could lose its war against

Alcohol taxes aren't high enough, the World Health Organisation has said. The World Health Organization (WHO) called on governments to raise taxes on alcoholic beverages and extend them to currently exempt products, such as wine in certain European nations. The WHO also recommended higher taxes on sugary drinks,

Banks will eventually start to impose higher interest rates on farmers and rural businesses that aren’t achieving satisfactory greenhouse gas reductions, Banks such as Rabobank have already introduced sustainability-linked loans, necessitating clients to commit to specific targets, which might involve emissions, according to Lara Yocarini, global head of rural

Tipping once rewarded good service; now it determines how consumers are treated, per CNBC. Per CNBC Tipping has become a commonplace, especially in the food and hospitality industry, and although it's a culture, a recent survey by Bankrate found that 30% of Americans think that tipping has gotten

The housing market is so tough that divorced couples are still living together, per WSJ. Meanwhile, pending home sales drop to a record low, even worse than during the financial crisis, per CNBC. Pending home sales, a gauge of signed contracts on existing homes, declined by 1.5% in October

"You need to earn six figures to afford a starter home," per CNBC. Median house price in October decreased 17.6% to $409,300 from year ago. Read full article: https://www.reuters.com/markets/us/us-new-home-sales-fall-more-than-expected-october-2023-11-27/ The Commerce Department reported a larger-than-expected decline in sales of new

Americans ditched big cities during the pandemic; now many are regretting it, per BI. Since the onset of last year, a constant stream of news headlines, Reddit discussions, and market research polls has unveiled a significant portion of individuals who made significant life changes during the pandemic, only to express

38% of Europeans say they are no longer able to have three meals a day on a regular basis. The second European Barometer on Poverty and Precariousness delved into Europeans' purchasing capabilities, revealing a decline over the past three years. A majority of respondents reported skipping meals and facing

The Chinese military is ramping up its ability to disrupt key American infrastructure, including power and water utilities as well as communications and transportation systems, per the WaPo. The recent cyber intrusions seem to be part of a broader military initiative named “Volt Typhoon,” which aims to target and disrupt

Millionaires are flocking back to New York City, as residents earning under $172,000 flee, per BI. Read full article: https://www.msn.com/en-ca/money/markets/millionaires-are-flocking-back-to-new-york-city-as-people-making-less-than-172-000-move-out/ar-AA1l4V6z A recent report by the nonprofit Fiscal Policy Institute contradicts the notion that New York City was on the decline, particularly

Bernie Sanders has said: The Boomer generation needed just 306 hours of minimum wage work to pay for four years of public college.Millennials need 4,459. The economy today is rigged against working people and young people. In October, inflation showed no change compared to the previous month, offering

The typical American household must spend an additional $11,434 annually just to maintain the same standard of living they enjoyed in January of 2021, per CBS. A recent analysis of government data by Republican members of the U.S. Senate Joint Economic Committee reveals that the typical American household

Today, Senator Elizabeth Warren of the United States introduced legislation aimed at addressing her concerns regarding the alleged misuse of digital currencies in various illicit activities, including money laundering, drug trafficking, sanctions evasion, and more. The bill, which has garnered support from a coalition within the Banking Committee, represents a

Inflation is your fault, per the Atlantic. Meanwhile, 67% of Americans say their income isn’t keeping up with inflation, and 42% say their standard of living is declining, per Empower. Gen Z plans to retire the soonest of all generations, at age 54, per Empower. 72% of Millennials and

It will never be a good time to buy a house, per the Atlantic. Median house price in October decreased 17.6% to $409,300 from year ago. Read full article: https://www.reuters.com/markets/us/us-new-home-sales-fall-more-than-expected-october-2023-11-27/ The Commerce Department reported a larger-than-expected decline in sales of new single-family

America has finally achieved economic nirvana, per BI. The price of everyday consumer items has risen 16.7% while wage growth has been roughly 12.8%, per BankRate. In October, inflation showed no change compared to the previous month, offering a hopeful indication that the persistent high prices in the

In Home Alone in 1990, Kevin spent $19.83 on groceries. Per the DailyMail, the cost of those same groceries would now be $68.99. As the fictional 8-year-old finds himself navigating the world solo, he embarks on a journey to the nearby grocery store to procure essential items like

At 99 last month before passing away, billionaire Charlie Munger shared his No. 1 tip for living a long, happy life. He said to" "Avoid crazy at all costs." In a momentous partnership that captivated millions globally, Warren Buffett and Charlie Munger successfully shaped Berkshire Hathaway (BRK-A,

AI could mean free doctors and lawyers for everybody in 10 years, OpenAI investor Vinod Khosla has said. In the coming 25 years, Vinod Khosla, an investor in OpenAI, envisions the availability of free professional services and humanlike robots facilitated by advancements in AI. During a recent episode of Eric

Gold bars found in Sen. Bob Menendez’s home linked to 2013 robbery, per NYP. In September, during a federal corruption investigation involving Senator Robert Menendez, four gold bars confiscated from him have now been linked to a 2013 armed robbery targeting a New Jersey businessman. The businessman, Fred Daibes,

Gen Z is expected to overtake baby boomers in the workforce by next year, per Axios. The imminent changing of the guards in the workforce, where Gen Z is poised to outnumber boomers early next year, is a transformation anticipated by Glassdoor in its 2024 Workplace Trends report. This shift,