via fortune: US households showed signs of increasing financial stress in the first quarter, with credit card balances not declining in the way they typically do at the start of the year and delinquencies rising for most types of consumer …
One luxury electric vehicle manufacturer is laying off workers after overestimating demand for its products. Bay Area-based electric vehicle startup Lucid Group announced that it was laying off 1,300 workers in a Tuesday filing, according to SFGATE. Lucid CEO and …
Subprime car loans in delinquency have hit a 13-year high. Another sign that lower income consumers are struggling with debt. pic.twitter.com/Kx849p5hcW — Markets & Mayhem (@Mayhem4Markets) February 23, 2023 https://twitter.com/leadlagreport/status/1628850568427892739 The Fed’s economists think we are entering a recession. How …
h/t Jezjez07
A large number of American men of prime working age — between 25 and 54 years old — are not working or even looking for work, resulting in a major hole in the American economy. In 1953, 98% of men …
I just researched how much it would cost me to buy solar panels, roughly 12k. With the tax credits, I’ll still need to pay off 9k. The amount I’ll save in electricity won’t amount to much per year, so it’s …
View post on imgur.com (The Center Square) – The U.S. Army is recommending soldiers apply for SNAP benefits, also known as food stamps, to help cover their rising costs from inflation. The U.S. Army cites the higher prices on a range of …
U.S. households now own roughly 52% of the stock market. And a look at three major market plunges since 2000 (see chart) shows that equities only bottomed a few quarters after significant selling activity from households occurred. – MarketWatch pic.twitter.com/7Ab0FmTW5u …
by Shaun Richards Sometimes the debate misses what is right in front of its face and this is taking place at the moment with the US economy. I have been pointing out the issue for a while and let me …
by Chris Black On one hand you have the beautiful Greek revival Gallier Hall. A modern reminder of the intelligence and culture the Greeks gifted upon humanity, still relevant and awe inspiring millennia later. And on the other hand, you …
CBS reported Bidenflation is hitting school lunches with 97% of school meal programs struggling with costs, during a segment on CBS’ “Mornings” with Gayle King, Tony Dokoupil, and Nate Burleson on 5/23/2022. Be sure to like, subscribe, and comment below …
https://www.youtube.com/watch?v=KSinqkmsWkY – Food banks across America say those economic conditions are intensifying demand for their support at a time when their labor and distribution costs are climbing and donations are slowing. The problem has grown to the point where last …
In 2008 we had the same divergence.. Main Street struggling meanwhile price of fuel kept increasing We can see again something like that as inventories keep lowering pic.twitter.com/OQWz9F6L7R — Alessio (@AlessioTMAD) May 2, 2022 We're facing a big issue.. global …
by Kimble Charting The Dow Jones Industrial Average is in the midst of a bounce off its March low and may be looking to retest its highs in the weeks ahead. But this could be trickier than most rally retests. Why? Because …
Nearly two years after a $15 million budget cut, the Portland Police Bureau is still struggling to hire new officers and retain current staff. PPB’s $254 million proposed budget for the upcoming fiscal year would restore about $15.3 million to its operating budget—nearly …
h/t Hopeful_Assistant196
HELENA, Mont. (AP) — More U.S. drivers could find themselves stuck on snowy highways or have their travel delayed this winter due to a shortage of snowplow drivers — a reality that could hit home Friday as winter storms start …
Joe Biden on Tuesday delivered remarks on the economy and his administration’s efforts to ease the supply chain crisis and lower gas prices. Joe Biden lectured struggling Americans, telling them they need to “maintain perspective.” What happened to “Scranton Joe?” …
Now inflation is impacting the U.S. ‘readiness’ for WAR: Defense Secretary Lloyd Austin orders measure to help struggling military families pay for food and housing amid soaring prices Defense Secretary Lloyd Austin on Wednesday announced increased payments to help personnel …
Via Birch Gold The Wall Street Journal recently reported that state and local pension funds have just received a historic windfall of cash, thanks in part to taxpayer dollars: State and local pension funds are reaping a historic windfall thanks to billions …
by Jayne Rising As if we don’t have enough problems with shortages, it seems there’s a global shortage of commercial fertilizers as well. These inputs are required to produce the amount of food needed to feed everyone. A lack of fertilizer will …
Central banks are struggling to know how to respond to inflation right now since much of it is out of their control. It's hard to tell just how much is driven by a resurgence of demand versus supply strains …
Let us attempt to understand this in basic terms. Each year, our ruling government extracts approximately $7 Billion dollars from Canadian tax payers, and ships the funds to the World Bank, International Monetary Fund, and the African Development Bank. Phantom …
Big 5 stocks have been struggling recently, and on average are more than -7% off their peak pic.twitter.com/Qn6bYEjggt — Liz Ann Sonders (@LizAnnSonders) September 30, 2021 A majority of participants in a Citigroup survey said a 20% pullback in stocks …
While addressing the nation on Thursday regarding America’s economic woes, US President Joe Biden admitted that many Americans are “not doing well” financially under his administration. “I know many Americans are still struggling to make it through each day. …
The government is giving many folks as much as they were making while they were working. Who would want to go back to a job they didn’t like for less money?
by Shaun Richards Last night it was a case of Forza Italia after the success in reaching the Euro 2020 ( yes we all know it is 2021) football final. It was an especially ice cold final penalty from Jorginho …
