The cost of prescription medications in the United States has been on a steady rise, increasing by a staggering 37% since 2014. This surge in prices far exceeds the rate of inflation, ultimately burdening consumers with higher out-of-pocket expenses. According to data from GoodRx, the average American now spends $16.26 out of pocket for each
The landscape of the housing market is experiencing a shift in price trends, with reports indicating that some of the heat is coming out of home prices. While prices still remain higher compared to a year ago, the rate of increase is starting to slow down. According to recent data from real estate brokerage Redfin,
Walgreens, a retail pharmacy giant, experienced a significant drop of nearly 20% in its stock shares following the announcement of fiscal third-quarter earnings that failed to meet expectations. The company attributed this disappointing performance to a “challenging” environment for pharmacies and U.S. consumers. CEO Tim Wentworth highlighted the shock experienced by consumers due to high
Chinese automakers are projected to expand rapidly outside of China, aiming to achieve 33% of the global automotive market share by 2030. According to a recent report by AlixPartners, this growth is expected to come predominantly from markets outside of China, with sales increasing from 3 million to 9 million vehicles by the end of
As President Joe Biden and former President Donald Trump prepare to face off in the first presidential debate of the 2024 general election, one of the key issues that will be discussed is tax policy. Experts believe that this debate will provide insight into where the presumptive nominees stand on crucial tax matters, particularly the
H&M’s recent report on its second-quarter profits fell short of analyst expectations, causing a significant drop in the company’s stock price. With operating profit coming in below anticipated levels, investors are understandably concerned about the company’s performance. The company’s forecast for June sales to decline by 6% in local currencies compared to the previous year
In a recent panel discussion at the World Economic Forum’s “Summer Davos” meeting in Dalian, China, Wan Gang, the man behind China’s electric car strategy, proposed that Chinese investment in the European electric vehicles industry could be a way forward for both sides amid trade tensions. This suggestion comes at a time when the European
The recent pause on major parts of the Saving on a Valuable Education (SAVE) plan has left millions of student loan borrowers disappointed and confused about the future of their repayments. One such borrower, Cody Gude, was eagerly awaiting a drop in his monthly payment from $200 to $100, which would have provided him with
The Biden administration recently announced that it will be imposing inflation penalties on 64 prescription drugs for the third quarter of this year. This move aims to lower costs for certain older Americans who are enrolled in Medicare. President Joe Biden has been vocal about his commitment to lowering drug prices in the U.S., and
Southwest Airlines saw a 4% decrease in its shares during premarket trading on Wednesday after the airline revised its second-quarter revenue forecast downwards due to changing booking patterns. The airline now anticipates a decline of 4% to 4.5% in revenue per available seat mile, a significant shift from the 1.5% to 3.5% decrease it had