The recent stock-market selloff, sparked by recession fears, has painted a bleak picture of the U.S. economy. The S&P 500 index’s 3% loss on Monday, its worst in almost two years, signals that investors are cautious about the future. Weaker-than-expected job data has fueled concerns that the U.S. economy may not be on stable ground.
The Social Security Administration is facing a crisis with a “record-breaking backlog” of open cases, which has led to approximately $1.1 billion in projected improper payments to beneficiaries. According to a new report from the Social Security Administration Office of the Inspector General, the backlog of pending actions has climbed to an all-time high of
The recent news of Blink Fitness, a budget-friendly gym chain owned by luxury fitness company Equinox Group, filing for Chapter 11 bankruptcy protection has sent shockwaves through the fitness industry. With over 100 centers in the U.S., Blink Fitness is now facing the same fate as other well-known gym chains such as New York Sports
General Motors recently unveiled the redesigned version of its popular entry-level GMC Terrain crossover, introducing a new standard “Elevation” model. This compact crossover boasts a more rugged exterior design and an updated interior equipped with 26 inches of screens. The new GMC Terrain features a striking exterior design that exudes ruggedness. The interior is revamped
Despite the U.S. economy remaining strong amidst inflation and high interest rates, a recent survey by Affirm revealed that 59% of Americans believe that the country is currently in a recession. This false belief is largely driven by the higher costs of living and the challenges many are facing in making ends meet. According to
On Monday, U.S. stocks experienced a mixed trading day as investors awaited major inflation data later in the week. The S & P 500 and Nasdaq Composite both saw gains of 0.4% and 0.7% respectively, while the Dow Jones Industrial Average was slightly lower following the opening bell. This uncertainty in the market was primarily
In an era dominated by streaming services, traditional pay TV providers like DirecTV are facing the challenge of adapting to the changing preferences of consumers. The company, best known for its satellite dish service, is now shifting its focus towards streaming as a way to attract new customers and retain existing ones. Despite offering a
In the current landscape of the restaurant industry, CEOs have become fixated on the concept of “value” as a means to explain the decline in sales and traffic within their establishments. The word “value” has been repeatedly emphasized in various quarterly conference calls by major players in the industry, such as McDonald’s, Yum Brands, and
The influx of visitors during mega events like the Olympic Games or major concerts such as Taylor Swift’s Eras Tour tends to drive up prices in various industries, including hotels and airlines. However, a recent analysis by UBS suggests that the majority of French consumers may not actually feel the impact of these price surges.
In a market fraught with fears of an economic slowdown, investors are turning to dividend-paying stocks as a way to mitigate risk and uncertainty. One such stock that has caught the attention of top Wall Street analysts is Pfizer (PFE). The health-care giant recently announced better-than-expected second-quarter results, driven by cost-cutting initiatives and solid sales