Today: 16. Nov, 2024
The global economy is facing a potential 0.5% loss in output by 2026 as the effects of rising tariffs and escalating trade tensions between major markets take hold. The European Union and the United States have targeted China with increased tariffs, adding…
The UK state pension is set to increase again under the “triple lock” policy, a mechanism that ensures retirees receive the highest possible raise based on inflation, earnings growth, or a guaranteed 2.5%. From April 2025, the pension will rise by £460…
Social Security beneficiaries are anticipating the announcement of their annual cost-of-living adjustment (COLA) for 2025. However, the increase might not be as substantial as in previous years. Experts predict that the adjustment could be one of the smallest since 2021, raising concerns…
The state pension is set to increase for the second consecutive year, exceeding inflation once again. This rise is attributed to strong wage growth, offering positive news for pensioners across the UK. According to data from the Office for National Statistics (ONS),…
Wall Street remained steady near record levels on Wednesday following a significant rate cut from the Federal Reserve aimed at warding off a potential recession. This move by the Fed comes as part of its strategy to stabilize the slowing U.S. economy,…
The Federal Reserve is expected to announce its first interest rate cut in years, bringing some relief to Americans burdened by rising living costs and sky-high borrowing rates. However, experts caution that this rate cut, while a positive step, won’t provide immediate…
The State Pension is set to increase significantly in April 2025, likely surpassing inflation rates. This increase is due to the “triple lock” mechanism, which ensures that the state pension rises by the highest of three measures: inflation, average earnings, or 2.5%.…
Back-to-school shopping has always been a significant expense, pushing many families to the brink this year. Recent reports reveal that nearly one-third of parents are expected to go into debt to afford essential supplies for their children. While inflation has eased slightly,…
The S&P 500 has achieved its most significant four-day rally this year, with a remarkable 1.7% surge. This upward momentum in the stock market was primarily driven by substantial gains in some of the world’s largest technology companies. The rally came in…
Despite the U.S. economy’s resilience against inflation and high interest rates, a significant portion of Americans misperceive its state. According to a recent survey by Affirm, 59% of Americans mistakenly believe the country is currently in a recession. This discrepancy between economic…
