Hey there, let's talk about something important happening in the US right now. Janet Yellen, the Treasury secretary, just sent a letter to Congress saying we're about to hit our debt limit. That's the amount of money the government can borrow. Yellen said they'll start using some special tricks to k
As 2024 winds down, it's time to think about your financial goals for the new year. Experts say to start by looking at your finances in 2024 and setting specific, realistic goals. Courtney Alev from Credit Karma suggests that a new year is a chance to see finances with fresh eyes. Ashley Lapato, fro
It's no secret that small and medium enterprises (SMEs) often struggle to get the financing they need to grow. This study takes a closer look at how the government, banks, and guarantee institutions can work together to make SME finance more sustainable. Imagine it as a big game, where each player h
Imagine kicking off 2024 with a jaw-dropping $1. 15 billion from the Mega Millions jackpot! This massive prize has been rolling over since Christmas Eve, when no one snagged the estimated $1 billion. If someone wins on Friday, it'll be the fifth biggest jackpot in the game's history. "A lottery tic
Early Thursday morning, stock futures took a dip, with the Dow Jones Industrial Average futures dropping by over 150 points. The S&P 500 and Nasdaq 100 futures also saw declines of 0. 3% each. This comes after the markets were closed for Christmas Day and followed a week of gains. The S&P 500 had ri
Imagine winning the Mega Millions jackpot of $1. 15 billion. Sounds amazing, right? But let's talk about what you'd really take home. The federal government takes a chunk for taxes, and depending on where you live, the state might too. Only eight states don't tax lottery winnings: California, Florid
2024 has been a whirlwind year for investors. The U. S. stock market has been on a roll, breaking records and defying expectations. The S&P 500 index surged 24. 3% by December 20, marking the first time since 1998 that it jumped by at least 20% for two consecutive years. Tech giants like Apple and N
You're probably wondering if gold or cryptocurrencies can save you from tough market times. This study looked at their safe-haven and hedging abilities during events like the COVID-19 pandemic and geopolitical risks. They checked data from 2013 to 2021 every day. Guess what? Neither gold nor cryptos
In the quest for social fairness and economic growth, the concept of common prosperity takes center stage. It's all about making sure everyone has a fair shot at a good life. One big question is how rural households' money matters can help achieve this. We're talking both official stuff, like bank l
Election Day exit polls showed that voters were mainly concerned about the economy. They hoped a new government would help them cope with rising prices. But something surprising happened. Elon Musk, who is helping to lead a new Department of Government Efficiency, wants to shut down the Consumer Fin
