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finance

Social Security: The Clock is Ticking

June 18, 2025

The Social Security trust fund is in trouble. In just eight years, it will run out of money. This means that over 60 million retirees and their families could see their benefits drop by 23%. This is not new news, but the deadline has moved up. Last year, experts thought there was more time. What cha

finance

Interest Rates Remain Stable Despite Economic Shifts

June 18, 2025

The Federal Reserve recently decided to keep interest rates unchanged. This decision came despite predictions of rising inflation and slower economic growth. The central bank's move was widely expected, as markets did not anticipate any changes this week. The Federal Open Market Committee maintained

finance

Stocks Tumble as Middle East Tensions and Economic Worries Collide

June 18, 2025

The stock market took a hit on June 17, 2025. Investors were worried about the ongoing conflict in the Middle East. The Israel-Iran conflict had been going on for five days. This uncertainty made investors nervous, leading to a drop in stock prices. The Dow Jones Industrial Average fell by 299.

finance

Gambling's Impact on Australians' Savings Habits

June 17, 2025

Gambling has always been a contentious issue, often linked to a range of problems. To tackle these issues, it is crucial to understand how gambling affects people's financial habits. This is especially true in Australia, where gambling is a popular pastime. A study looked at how gambling influences

finance

Changes to Chase Sapphire Reserve: Is It Still Worth It?

June 17, 2025

The Chase Sapphire Reserve card is getting a significant update this summer, and it's not just about a higher annual fee. The card, known for its premium travel benefits, is set to introduce new earning rates, statement credits, and other perks. But with a jump from 550 to 795 dollars in annual fees

finance

Home Construction Confidence Hits a Low

June 17, 2025

The confidence of homebuilders has taken a hit, reaching near-record lows in June 2025. This drop is largely due to higher mortgage rates and economic uncertainty. The National Association of Home Builders and Wells Fargo Housing Market Index (HMI) showed a decline in builder sentiment, falling 2 p

finance

The Fed's Tough Call: Tariffs and Rates

June 17, 2025

The Federal Reserve faces a tricky situation. The economy is doing pretty well, but there are some worrying signs. Inflation is going down, and unemployment is low, at 4. 2%. But here’s the twist: President Trump’s tariffs might make inflation go up and slow down growth. So, what’s the Fed to do? Th

finance

Retail Slump: Why May Saw a Dip in Consumer Spending

June 17, 2025

Consumer spending took a hit in May, with retail sales dropping by 0. 9\%. This decline was worse than the predicted 0. 6\% decrease, according to seasonally adjusted figures. The slowdown was largely due to a drop in gas sales and growing economic uncertainty. This dip followed a modest 0. 1\% decr

finance

Risky Business: The Power of Playing Offense in Finance

June 17, 2025

In the world of finance, taking risks is often seen as a dangerous game. However, one prominent figure argues that playing it safe can lead to bigger losses. This person believes that in times of market turmoil, investors should not shy away from taking calculated risks. Instead of hiding in so-call

finance

Silicon Valley's New Financial Frontier

June 14, 2025

A new banking startup is brewing in Silicon Valley. This venture, tentatively named Erebor, is the brainchild of Palmer Luckey. He is the mastermind behind the Oculus VR headset and the defense tech firm Anduril. This new project aims to shake up the financial world. It has a focus on supporting tec