The downgrade of the United States’ long-term credit rating by Fitch Ratings sent global stock markets into a slump on Wednesday, yet leading economists maintain a composed stance. Fitch, a global rating agency, revealed that the U.S. long-term foreign-currency issuer default rating…
Many car owners develop sentimental attachments to their vehicles, making it difficult to bid farewell when their old faithfuls start showing signs of wear. However, when your older car begins to lose its charm and drivability, it might be time to consider…
As we approach August 2023, the housing market is poised to continue its struggle, with limited inventory and soaring mortgage rates making it a challenging time for both buyers and sellers. Despite the traditional improvement in the spring and summer, the market…
After a turbulent year for investors, the S&P 500 has staged an impressive comeback, surging 20% since the beginning of the year, marking a potential entrance into a new bull market. This renewed optimism has sparked interest among astute investors seeking opportunities…
The International Monetary Fund (IMF) has expressed optimism about the global economy’s recovery, projecting a 0.2% improvement from its previous forecast in April. This positive trend has been partly fueled by the resurgence of post-pandemic travel, which has been complemented by a…
A prolonged phase of reduced growth for the Chinese economy could have significant worldwide implications following 45 years of rapid expansion and global integration. To stimulate the economy, the Chinese government is introducing various measures. Leaders declared on Monday their intention to…
In today’s fast-paced world, financial literacy is a crucial life skill that children must develop from a young age. Parents looking to instill good money habits in their kids may wonder if opening a bank account for their child is a viable…
As the U.S. personal loan balances soar to a staggering $225 billion in the first quarter of 2023, many individuals are considering the prospect of securing personal loans. However, amidst the rising popularity, there lies a web of misinformation that potential borrowers…
As the post-pandemic economy emerges, concerns are mounting about the threats to sustained economic growth. Despite a brief bounce induced by stimulus packages, productivity growth remains weak, and the wages share of the economy hovers near record lows in many developed nations.…
In a recent turn of events, President Biden’s much-anticipated student loan forgiveness program has been taken off the table, leaving federal student loan borrowers grappling with the reality of resuming their monthly payments after a multiyear pause. As economic uncertainties persist due…