U.S. Credit Card Debt Hits Unprecedented $1.13 Trillion, Fed Report RevealsIn the last quarter 2023, credit card debt in the U.S. hit a new high, reaching $1.13 trillion. This marks a $50 billion increase, or 4.6%, from the third quarter, as reported by the New York Federal Reserve Bank’s quarterly analysis on household debt and credit. Not only did credit card balances spike, but overall […] READ MORE China's Price Plunge: Fastest Consumer Cost Drop in Over a Decade Signals Economic WoesChina’s economy is facing challenges as consumer prices have fallen at the quickest rate in nearly 14 years, signaling a tough road ahead for its economic recovery. In January, the consumer price index, which measures the average change in prices paid by consumers for goods and services, decreased by 0.8% compared to a year earlier, […] READ MORE Silver Is the New Gold' — Egyptians Try to Protect SavingsIn Egypt, the soaring prices and a declining currency have shifted a long-standing tradition. Traditionally, Egyptian women receive a gold jewelry set during their engagement, known as “shabka.” However, due to economic difficulties, with inflation over 30% and the currency losing half its value against the dollar, many are now receiving silver instead. READ MORE Goldman’s $2,175 TargetGoldman Sachs is sticking to its positive outlook on gold, predicting it will hit $2,175 in the next year. This confidence is driven by ongoing demand and global political tensions.The market’s hesitance, influenced by the Federal Reserve’s tough stance and the postponement of interest rate reductions till June 2024, hasn’t dampened Goldman Sachs’ optimism. They […] READ MORE Historic Debt Costs Loom: 2025 Debt Interest Costs to Exceed World War II LevelsThe Congressional Budget Office (CBO) has issued a warning that the cost of servicing the US government’s debt will reach a new high next year and will continue to increase. This situation raises concerns about the government’s borrowing pace. US debt held by the public is expected to reach $45.7 trillion, or 114% of GDP […] READ MORE Markets on Edge: Continuing Coverage of Regional Banking CrisisNew York Community Bank is in the midst of a financial storm, and we’ve got you covered with a dedicated website at GoldSilver. READ MORE How & Where to Buy Silver Bars (2024 Buyers Guide)What silver bars should you buy? And where? This 2024 silver bar buyers guide will answer all of your questions about the best ways to buy silver bars. READ MORE McDonald’s CEO Promises ‘Affordability’ Amid $18 Big Mac Combo BacklashIn response to declining sales driven by increased menu prices, McDonald’s CEO Chris Kempczinski has announced a strategic pivot towards affordability in 2024. The announcement comes after the fast-food giant faced backlash for pricing a Big Mac combo meal at nearly $18, a move that alienated its core customer base. Despite achieving a 3.4% growth […] READ MORE Markets on Edge: Continuing Coverage of Regional Banking CrisisTo help you stay ahead of potential trouble in the markets, we’re closely monitoring the commercial real estate sector, which is under stress from decreasing demand and soaring lending costs. Banks supporting the sector, including NYCB, are on the brink — will it be an isolated event or a contagion that could infect the financial […] READ MORE « Previous 1 … 41 42 43 44 45 … 62 Next »
