As the U.S. presidential election approaches, experts predict that stock market volatility may increase, leading to heightened anxiety among investors. A recent survey by the American Psychiatric Association revealed that 73% of individuals are feeling anxious about the upcoming election. This anxiety can prompt investors to make impulsive decisions, such as moving their investments or
Employees are facing a challenging time with the state of the job market, as job seeker confidence has hit its lowest point in over two years. A recent quarterly survey by ZipRecruiter revealed this decline, indicating that workers are feeling more pessimistic about their prospects of securing their desired jobs. This shift in sentiment comes
As we look forward to 2025, many workers are gearing up for a disappointing reality – a smaller annual raise. According to a recent poll by WTW, a consulting firm, the typical worker can expect a 4.1% pay raise next year, down from 4.5% in the current year. This decrease comes as a surprise to
Despite a slight decrease in mortgage interest rates last week, the average contract interest rate for 30-year fixed-rate mortgages remains relatively high at 6.82%. This decrease from 6.87%, while promising, has not been enough to entice potential homebuyers off the fence. With points increasing to 0.59 from 0.57 for loans with a 20% down payment,
Deutsche Bank, one of Germany’s biggest financial institutions, recently ended a 15-quarter profit streak with a loss that was narrower than expected. The bank reported a net loss of 143 million euros, which was slightly better than the predicted loss of 145 million euros. However, the provision made for an ongoing lawsuit related to its
In a recent report by Bank of America analysts, it was noted that four of the world’s largest semiconductor equipment manufacturers, including ASML, have experienced a significant increase in their China revenue. Since late 2022, their share of revenue from China has more than doubled. This surge in revenue can be attributed to China’s decision
As reported by the National Association of Realtors, sales of previously owned homes took a hit in June, dropping by 5.4% compared to May, with 3.89 million units sold on a seasonally adjusted, annualized basis. This also represents a 5.4% decline from sales in June of the previous year. The decrease in sales indicates a
Despite the fact that the U.S. economy appears to be thriving by many standards, there is a prevailing perception among Americans that the country is currently in a recession. According to a recent survey conducted by Affirm, approximately 60% of respondents believe that the U.S. has been in a recession since March of the previous
In a groundbreaking move, bipartisan lawmakers have introduced a new bill aimed at tackling the exploitative practices of drug supply chain middlemen that have led to inflated prescription medication prices, causing significant harm to U.S. patients and pharmacies alike. The newly proposed “Pharmacists Fight Back Act” seeks to address the concerns of community pharmacies and
On Tuesday, spot ether exchange traded funds are set to begin trading, creating a buzz amongst crypto enthusiasts. These new ETFs will invest directly in ether, the cryptocurrency used in the Ethereum network. While there are already ether ETFs that track futures contracts, these will be the first ones to track spot ether. Some of