Despite the U.S. economy showing remarkable strength, withstanding inflation and high interest rates, a recent survey by Affirm found that 59% of Americans believe the country is currently in a recession. This misconception is fueled by the challenges of higher costs and difficulties in making ends meet, leading many to believe that a recession started
The recent fears of a U.S. recession have once again highlighted the vulnerabilities in the country’s unemployment system. Experts have expressed concerns that the system, which is crucial for providing temporary income support to laid-off workers, is not adequately prepared for another economic downturn. The flaws in the system were exposed during the Covid-19 pandemic,
In recent months, restaurant CEOs have been placing a heavy emphasis on the word “value” when discussing their sales performance with investors. The concept of value has become crucial as prices for food away from home have increased significantly since 2019. This rise in prices has led to a decline in restaurant traffic and sales,
When it comes to dividend stocks, Pfizer (PFE) is a name that Wall Street analysts highly recommend. With a dividend yield of 5.9%, Pfizer has proven to be a reliable choice for investors looking for consistent returns. The company’s strong financials and ability to pay dividends consistently make it an attractive option in today’s market.
Large-scale events such as the Olympic Games and major concerts have a significant impact on various sectors of the economy, including tourism, airlines, and small businesses. These events often lead to a surge in demand for goods and services, causing prices to rise in industries associated with tourism. French consumers, however, may not necessarily feel
The Federal Reserve is currently in a crucial position where it is being closely watched by the market to see how they will react to the looming possibility of a recession. The central bank’s chair, Jerome Powell, and his colleagues hold the key to how investors will navigate through the turbulent economic climate. The recent
The Biden administration’s ambitious student loan repayment plan, known as SAVE, has come under intense scrutiny and legal challenges, causing uncertainty for the roughly 8 million borrowers enrolled in the program. With its promise of lower monthly payments and quicker debt erasure, SAVE was hailed as the most affordable student loan plan ever introduced. However,
Ever since the merger of Discovery with WarnerMedia in 2022, David Zaslav, the Chief Executive Officer of Warner Bros. Discovery, has been under immense pressure to turn the company’s fortunes around. The immediate cost-cutting measures implemented after the merger did not sit well with shareholders, and the company’s shares have plummeted by 70% since the
As Hurricane Debby made its way through the southeastern U.S., heavy rains and flash floods wreaked havoc in various states. With the storm now downgraded to a post-tropical system, the Mid-Atlantic and Northeast regions are at risk of being inundated as it moves up the coastline. Homeowners who anticipate such natural disasters may have taken
Restaurant Brands International recently reported quarterly revenue that exceeded analysts’ expectations, driven by strong sales at Tim Hortons and the company’s international restaurants. CEO Josh Kobza acknowledged that while they were aiming for better top-line results, they were pleased with their performance compared to competitors in major markets. As a result, shares of Restaurant Brands