by Daniel White | Jul 15, 2024 | Economy
July 15, 2024 On the surface, the U.S. is booming. A report from the Federal Reserve confirmed net worth is at all-time highs: American wealth is driven primarily by stocks and real estate. In 2024’s first quarter, the value of equity holdings increased by $3.8...
by Daniel White | Jul 8, 2024 | Economy
July 8, 2024 After becoming the world’s largest company recently, NVIDIA Corporation (NVDA) dropped. As of this writing, it’s third overall after suffering the biggest three-day loss in history, wiping out $646 billion in value. Yahoo!Finance called it an...
by Daniel White | Jun 24, 2024 | Economy
June 24, 2024 According to the FBI, senior citizens were scammed in 2023 to the tune of $3.4 billion, an 11% increase over the prior year. Fraud schemes targeting people over 60 happened at a record rate, with complaints up 14%. The scams range from bogus technology...
by Daniel White | Jun 17, 2024 | Economy
June 17, 2024 Ever since the Federal Reserve began its historic rate hiking program in March 2022, there’s been debate on how it will end. Will the landing be hard or soft? At this point, it looks like we’re in for a delayed landing. The last six months were...
by Daniel White | Jun 10, 2024 | Economy
June 10, 2024 While the U.S. economy is slowing in some respects, in many ways it’s still in growth mode. Why is that? There are two main reasons: Lower interest rate sensitivity Strong demand tailwinds On the first point, recent Census Bureau data shows nearly 40% of...
