As 2024 comes to an end, the final jobs report is set to be released on Friday. This report can give us a hint at what 2025 might look like for jobs. In 2024, job growth started slowing down a bit. The US added about 180, 000 jobs each month, which is similar to the pace in the years before the pandemic. The unemployment rate also rose slightly but stayed quite low. ...
The Hamptons, a ritzy beach area in New York, has seen a big drop in luxury home sales. In 2024, the top 10 sales brought in $327 million, way down from $511 million in 2023. What's behind this slump? Experts say it might be due to high prices and not enough upgrades in these old mansions. Celebrities like Joy Behar and Drew Barrymore call this place home, and billio...
The Federal Reserve is gearing up for another rate cut, which could mean lower interest rates on your credit cards, home loans, and car loans. This will be the third rate cut since September, bringing the total drop to 1 percentage point. While borrowers may celebrate, things get trickier for savers, as interest rates on savings accounts and CDs might dip. Plus, with...
In recent times, some blue state governors have been very vocal about their opposition to certain policies, even forming groups to resist them. California, Illinois, New Jersey, New York, and Massachusetts have been at the forefront of this movement. But there's a catch. People are leaving these states in large numbers, with over 13 million departures in the last 30 ...
Healthcare is a big deal in the European Union (EU). It's one of the most critical parts of the public economy. To understand and predict how much money is spent on healthcare, researchers use different mathematical methods to create models. These models help spot trends and make future predictions. Three key factors are often used to describe how healthcare is fund...
Remember Alan Greenspan? He steered the Federal Reserve during the 1995 rate cut, which led to a unique bond selloff. Recently, a similar event occurred when the Fed started cutting interest rates again. This time, two-year U. S. government bond yields rose by 34 basis points after the September rate reduction. It's interesting to note that usually, yields fall after...
The concept of financial distress is a pressing concern for many Americans. A recent study by WalletHub aimed to identify the US states with the most financially strapped residents. The survey used nine key metrics, including credit score changes and internet searches for "debt" and "loans," to determine the results. But before we dive into the list, let's ask ours...