In the past year, American workers have experienced a significant increase in their buying power due to falling inflation rates and a robust job market. Real hourly earnings in the private sector rose by 0.8% from May 2023 to May 2024, according to the U.S. Bureau of Labor Statistics. This growth in real earnings indicates
Xreal, the Alibaba-backed startup, has recently unveiled their latest product, the Beam Pro, which promises to revolutionize the way we interact with augmented reality (AR) technology. This innovative device functions as a virtual mouse, connecting to AR glasses and providing access to popular Google Play Store apps for gaming, movie streaming, and social media. The
Warren Buffett’s Berkshire Hathaway has been steadily increasing its stake in Occidental Petroleum over the past nine trading sessions. With purchases made each trading day from June 5th, Berkshire now holds almost 29% of the Houston-based oil and gas producer. This recent surge in purchases has brought their total holding to over 255 million shares,
Senator Elizabeth Warren has called out Federal Reserve Chair Jerome Powell for allegedly advocating for changes to regulations that would benefit the financial industry. Warren has accused Powell of doing the bidding of big bank CEOs by considering slashing the increase in capital required under the Basel III Endgame proposals. Last year, three U.S. banking
In 2024, Hong Kong retained its title as the most expensive city for expats to live in, according to the Mercer Cost of Living City Ranking. This comes as no surprise, as Asia’s major financial hubs, such as Singapore and Zurich, also clinched top spots on the list. Cities in Switzerland dominated the rankings, with
Merck has recently received approval from the Food and Drug Administration for its new vaccine, Capvaxive. This vaccine is designed to protect adults from a bacteria known as pneumococcus, which can lead to serious illnesses such as pneumonia. Capvaxive specifically targets 21 strains of the bacteria, offering a more comprehensive protection against pneumococcal disease than
The latest government inflation data indicates that the rate of price increases for food has slowed down in recent months. However, despite this, the majority of American shoppers still feel overwhelmed by the high prices they encounter in grocery stores. According to a report by Intuit Credit Karma, 80% of Americans have experienced a significant
Nvidia’s recent surge in value has not only solidified its position as a leading technology company but has also forced major technology exchange-traded funds to reevaluate their holdings. The Technology Select Sector SPDR Fund (XLK) is expected to acquire over $10 billion worth of Nvidia shares while reducing its stake in Apple significantly. This shift
The U.S. Department of the Treasury and the IRS have taken a stand against tax loopholes that have allowed large partnerships to evade paying their fair share of taxes. This plan is aimed at closing a major tax loophole known as “related party basis shifting,” which has cost the government an estimated $50 billion in
The recent decision by the Federal Reserve to keep interest rates unchanged has far-reaching implications for consumers, especially those who carry a balance on their credit card. With only one rate cut expected before the end of the year, the likelihood of a significant reduction in credit card interest charges is slim. This means that