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Economy
478 posts
Black voters disenchanted by Biden say Harris has a chance to revive their support
Some Black voters who were losing faith in President Joe Biden say they’ve found renewed hope and excitement in Kamala Harris’ candidacy. In recent months, polls showed Biden losing support among Black voters, with some manifesting more openness to a second Donald Trump presidency Many cited economic and inflation concerns, as well as what they
Credit card delinquency rates hit a nearly 12-year high
People are struggling to pay off their credit card debt even as many trim their spending. The share of credit card balances that are past due reached the highest level ever in the first quarter, according to data the Philadelphia Federal Reserve has tracked since 2012. The delinquencies come as consumers have leaned heavily on
Why an indicator that has foretold almost every recession doesn’t seem to be working anymore
Wall Street’s favorite recession signal started flashing red in 2022 and hasn’t stopped — and thus far has been wrong every step of the way. The yield on the 10-year Treasury note has been lower than most of its shorter-dated counterparts since that time — a phenomenon known as an inverted yield curve which has preceded nearly
S&P 500 Slides 2%: Worst Day Since 2022 As Magnificent 7 Sheds Almost $800 Billion
Forbes Business Breaking S&P 500 Slides 2%: Worst Day Since 2022 As Magnificent 7 Sheds Almost $800 Billion Derek Saul Forbes Staff Derek Saul has covered markets for the Forbes news team since 2021. Following Jul 24, 2024, 04:08pm EDT Share to Facebook Share to Twitter Share to Linkedin Topline It was a brutal Wednesday
Kamala Harris’ First Rally Fact-Checked
Kamala Harris took to the stage Tuesday in Wisconsin for her first major presidential campaign rally in the crucial battleground state. Following Biden's announcement Sunday that he would step down from the presidential race, Harris has since secured enough support from Democratic delegates to win her party's nomination to challenge GOP nominee Donald Trump, the
Biden addresses decision to drop out of 2024 race, intends to complete term in White House
53Posts Sort By Sort by Newest Sort by Oldest Back to Top incoming update… Pinned Biden surrounded by family, staff during Oval Office address Evan Vucci/AP Photo/Bloomberg via Getty Images President Biden was joined in the Oval Office by multiple family members and staff for his address to the nation Wednesday night. Seated to the
Chancellor Rachel Reeves is warned raiding the pension savings of up to six million higher earners could trigger crippling public sector strikes and hit economic growth
Raiding the pension savings of up to six million higher earners could trigger crippling public sector strikes and hit economic growth, Rachel Reeves was warned yesterday. The Chancellor is expected to consider a proposal from Treasury officials for a flat 30 per cent rate of pension tax relief. The measure would clobber higher rate payers
Aussie landlord is branded a ‘criminal’ after single email to tenant: ‘This shouldn’t be legal’
A landlord has been branded a 'criminal' after hiking their tenant's rent by over 60 per cent. Renters' rights advocate Jordan van den Berg, who is known as Purplepingers online, shared an email from a rental agent advising a rent increase had been issued by an unnamed landlord. The email initially struck an empathetic note, claiming