The Federal Reserve Bank of New York released the July 2023 Survey of Consumer Expectations, which shows that consumers’ inflation expectations declined at all horizons....
Streaming Services Surpass Cable TV in Cost and Popularity
Streaming TV was once a cheaper and more convenient alternative to cable TV, but now it seems that the tables have turned. A new analysis...
SilverBow Resources Acquires Chesapeake Energy’s Eagle Ford Assets for $700 Million
SilverBow Resources, Inc. (NYSE: SBOW), a Houston-based oil and gas company, announced on August 14, 2023, that it has entered into an agreement to acquire...
U.S. Households and Nonprofit Organizations Hold More Cash and Deposits Than Ever
According to the latest data from the Federal Reserve Bank of St. Louis, the households and nonprofit organizations (NPOs) in the United States held a...
St. Charles urges seniors to ditch Medicare Advantage plans for better care
St. Charles Health System, the largest provider of health care services in Central Oregon, has announced that it is considering dropping its participation in all...
China’s Shadow Banking Crisis Threatens Xi’s Economic Agenda
One of China’s largest private wealth managers, Zhongzhi Enterprise Group Co., has triggered fresh anxiety about the health of the country’s shadow banking industry after...
China Faces Criticism for Halting Youth Unemployment Data
China’s National Bureau of Statistics (NBS) announced on Tuesday that it had suspended the publication of youth unemployment data, citing the need to improve the...
Nvidia Stock Surges as Chip Demand Boosts Tech Sector
Nvidia (NVDA), the leading maker of graphics processing units (GPUs) for gaming and artificial intelligence, saw its stock price soar on Monday, leading the S&P...
How to Save for Your Child’s College Education with a 529 Plan
Many parents want to help their children pay for college, but they may not know how much to save or where to invest. One of...
China’s economic slowdown prompts rate cut and stimulus calls
China’s central bank, the People’s Bank of China (PBOC), unexpectedly cut key policy rates for the second time in three months on Tuesday, in a...
Goldman Sachs Picks Two Energy Stocks with High Growth Potential
The energy sector has been one of the best performers in the first half of 2023, as the global economy recovers from the pandemic and...
Disney’s Future: A Hot Topic Among Hollywood Elite
Disney’s future is a hot topic among Hollywood elite, as speculation mounts over the possible breakup of the media and entertainment giant. The company’s CEO,...
US to probe cloud security practices after Microsoft Exchange hack
The US Department of Homeland Security (DHS) has announced that its Cyber Safety Review Board (CSRB) will conduct a review on the cloud security practices...
AMC Wins Court Approval for Stock Conversion Plan, APE Holders Rejoice
AMC Entertainment Holdings, the world’s largest movie theater chain, has received a green light from a Delaware court to convert its preferred equity units, known...
The Bubble Continues to Burst in the Cannabis Industry as Pick and Shovel Plays Flop on Earnings
The cannabis industry has been facing a harsh reality check as many of the ancillary businesses that were expected to benefit from the legalization wave...
Gasoline and Food Prices Threaten to Push Up Inflation Again
After a period of decline, inflation in the US and other major economies may rise again due to the increasing costs of gasoline and food,...