Loading

Federalreserve, Public domain, via Wikimedia Commons

Yellen Says No Signs of Recession Despite GDP…

Treasury Secretary Janet Yellen said Thursday that the U.S. economy doesn’t appear to be in a recession despite two straight quarters of negative gross domestic product (GDP). During a Thursday press conference after the release of GDP…

Report: Inflation Soars to 9.1%

The Consumer Price Index (CPI) rose 9.1% between June 2021 and June 2022, meaning that inflation once again surpassed record highs, a Wednesday morning report from the U.S. Bureau of Labor Statistics showed. The most recent year-over-year inflation figure…

Credit card interest rates surge to record levels…

As credit card debt in the United States continues to swell amid unbridled inflation, average annual percentage rates for new credit cards are hitting record highs. “Credit card interest rates are basically the highest they’ve ever been. I’ve…

Mclaren 720s New Car

Average Car Payment Hits New Record Causing Americans…

The average car is getting less affordable for the average person, with typical monthly payments hitting all-time highs. According to a report by Cox Automotive and Moody's Analytics, the affordability of new vehicles continued to climb in…

Loading

California Governor Gavin Newsom via Wikimedia Commons

California Governor Pledges New Stimulus Payments to Residents

California Gov. Gavin Newsom announced on Sunday that he and the state's legislative leaders have agreed on a framework for the 2022-2023 state budget, which includes stimulus payments to help residents deal with rising inflation and gas prices. "California's…