by admin | Feb 13, 2025 | Business
Adam Gault/Getty Images(NEW YORK) — Americans’ household debt — including credit cards, mortgages, auto loans and student loans — is at a new all-time high $18.04 trillion, according to a report released Thursday by the Federal Reserve Bank of...
by admin | Feb 13, 2025 | Business
(Anton Petrus/Getty Images)(NEW YORK) — While Elon Musk has vaulted into a powerful role overhauling government agencies and upending Washington, the world’s richest person has suffered a $106 billion drop in wealth due to steep decline in shares of his...
by admin | Feb 12, 2025 | Business
Frederic J. Brown/AFP via Getty Images(NEW YORK) — Consumer prices rose 3% in January compared to a year ago, ticking up from the previous month and posing an obstacle for Trump administration tariff policies that many economists expect to raise some prices,...
by admin | Feb 11, 2025 | Business
Chip Somodevilla/POOL/AFP via Getty Images(NEW YORK) — An Elon Musk ally hired to overhaul the U.S. Department of Treasury has a lengthy record of undertaking hardline reforms in the private sector that demoralized staff and made them fear for their jobs,...
by admin | Feb 8, 2025 | Business
(Bundit Minramun/Getty Images)(NEW YORK) — Quiksilver, Billabong, and Volcom, known for their surf and skate products, are closing stores in the United States.The parent company of the brick-and-mortar stores, Liberated Brands, filed voluntary Chapter 11...
by admin | Feb 5, 2025 | Business
Andrew Harnik/Getty Images(WASHINGTON) — Housing prices are soaring twice as fast as overall inflation. The average rate on a 30-year mortgage topped 7% in January for the first time since last spring. Observers as disparate as J.P. Morgan and the left-leaning...
