Despite the fact that high inflation is beginning to subside, many Americans are still feeling the impact of elevated prices at the grocery store. The increase in grocery prices during the pandemic has continued to be a cause of concern for shoppers. Certain essential items like chicken breasts and bread have seen an increase in
After the failed organizing vote of Mercedes-Benz workers in Alabama, the United Auto Workers union is challenging the results and demanding a new election. The UAW claims that the German automaker fired four pro-union workers, pressured workers to attend anti-union meetings, and obstructed workers’ ability to advocate for the union. The National Labor Relations Board
Boeing and NASA are making progress with the upcoming launch of the Starliner capsule, which is set to transport U.S. astronauts for the first time. Despite facing a “stable” leak in the spacecraft’s propulsion system, the team remains optimistic about the mission’s success. During a recent press conference, Mark Nappi, Boeing’s vice president and the
Saving for retirement is crucial, yet many people struggle to put aside enough money for the future. To combat this issue, an increasing number of employers are implementing automatic escalation in their company 401(k) plans. This strategy aims to help employees save more without requiring them to take action themselves. While the concept of automatic
The rapid expansion of private credit has raised numerous concerns within the financial industry. One of the most prominent issues is the lack of experience the industry has in handling a significant downturn. The absence of a large-scale crisis in the private credit sector has left many wondering how borrowers will fare when faced with
On Friday morning, Wall Street saw a rebound following a rough day in the market. The previous day’s decline was attributed to bond yields increasing due to positive economic data, which was ironically viewed as negative news for the market. Despite Nvidia’s strong post-earnings performance, the market still experienced a sell-off. Goldman Sachs adjusted its
The dream of owning a home is within reach for many, but the road to homeownership is not without its challenges. Recent surveys have revealed that a substantial number of aspiring homeowners have started saving for a down payment, with the majority planning to put down less than 20%. This goes against the conventional belief
Many teenagers are working summer jobs and it is the perfect time to introduce them to the concept of saving for retirement. Opening a Roth individual retirement account (IRA) can be a smart financial move for teenagers as it offers triple-tax efficiency and long-term benefits. Certified financial planner Carol Fabbri suggests that Roth IRAs are
Norfolk Southern’s recent agreement to pay $310 million to settle charges over a toxic train derailment in East Palestine, Ohio is a significant development in the aftermath of the incident. The majority of the settlement, estimated at $235 million, is designated to cover all past and future cleanup costs. This derailment, which occurred in February
Over the years, the landscape of activist investors has undergone significant changes. What were once seen as noble crusaders for shareholder value have now come under intense scrutiny. The modern-day activist investors are being called into question for their tactics and their ability to deliver true economic value. In recent proxy fights, activist investors have