President Biden is heading to New Hampshire to talk about cuts in drug prices along with Senator Bernie Sanders. He'll visit Concord Community College to share a report from the Department of Health and Human Services. The report says nearly 1. 5 million Medicare users saved almost $1 billion on pre
At the TechLive conference in Laguna Beach, California, Federal Reserve Bank of San Francisco President Mary Daly shared her thoughts on the future of interest rates. Daly believes that the Federal Reserve should keep reducing interest rates to protect the labor market from any further decline. She
The United States economy is shifting gears, moving from a period of slow growth and low-interest rates to a phase of faster growth, higher prices, and market volatility. This change means it will cost more to borrow money and savings will yield better returns. Workers might also enjoy higher wages.
Neel Kashkari, the Minneapolis Fed President, isn't convinced that Bitcoin is ready to replace traditional currency. He hasn't seen anyone use it to buy everyday items, and he thinks it's more like a gamble than a safe investment against inflation. However, a recent study shows that Bitcoin's value
Have you ever wondered what happens when a huge economy like China's starts to slow down? Well, it's a big deal, and it's happening right now. China's economy is growing at its slowest pace in months. This is because of problems like a crashing property market, people not buying much, and prices goi
Netflix execs have been busy discussing something that’s on everyone’s minds—price hikes! Co-CEO Greg Peters shared some insights during their latest earnings call. He said their pricing strategy has stayed steady over the years. They aim to provide more value to members every quarter. Only then do
Treasury Secretary Janet Yellen is going to speak up against the idea of widespread tariffs, labeling them as a bad move. She'll be talking at the Council on Foreign Relations in New York City tomorrow afternoon. Just a few weeks before the election, voters care a lot about the economy. Trump's been
Today, the European Central Bank (ECB) made a significant move to tackle inflation. They lowered their key interest rates by a quarter of a percent. This includes the deposit facility rate, which steers their monetary policy. Why this decision? The ECB thinks inflation is slowing down, but it's stil
Investors around the world saw their stock markets take different paths on Wednesday. While Europe and Asia mostly dipped, Britain's FTSE 100 rose by 0.6% after the British government reported that the country's inflation rate had dropped to its lowest level in over three years. This news gave hope
Did you know that taking care of elderly or sick loved ones can cost a fortune? Just ask Sharon Zimmer from Wisconsin. She’s been caring for her husband, Chuck, who has Alzheimer's and dementia, since 2018. The costs are skyrocketing, and it's putting a big strain on families like hers. Sharon had t
