by Bloomberg.com | May 8, 2024 | alerts, Markets/Economy
Young adults in their early 20s are turning to credit cards and loans to cover the higher cost of living. Millennials transitioning to adulthood after the Great Recession had it tough. But the finances of today’s early twentysomethings are even worse. Gen Z consumers...
by Federal Reserve Bank of SF | May 3, 2024 | alerts, Markets/Economy
The latest estimates of overall pandemic excess savings remaining in the U.S. economy have turned negative, suggesting that American households fully spent their pandemic-era savings as of March 2024. However, consumer spending has remained strong in recent months,...
by MarketWatch.com | May 2, 2024 | alerts, Markets/Economy
Mortgage rates rose for the fifth week in a row, as the Federal Reserve holds interest rates steady. The 30-year fixed-rate mortgage rose and averaged 7.22% as of May 2, according to data released by Freddie Mac on Thursday. That’s up 5 basis points from the previous...
by CNBC.com | May 2, 2024 | alerts, Markets/Economy
Google is laying off at least 200 employees from its “Core” organization, which includes key teams and engineering talent, CNBC has learned. As part of the unit’s reorganization, the company will hire corresponding roles in Mexico and India. “Announcements of this...
by Bloomberg.com | May 2, 2024 | alerts, Markets/Economy
2024 sees slowest first four months of hiring in since 2016 AI cited for 800 job cuts in April, highest since May 2023 US companies pared back hiring plans in April, with employers announcing the fewest new hires in the first four months of the year since 2016,...
by Bloomberg.com | May 2, 2024 | alerts, Markets/Economy
Industry boosters say they’ve learned their lessons from the last crash, but regulators need to move faster to protect a new wave of mainstream investors from the same old story. After more than a year, the freeze of a deep crypto winter has thawed. Bitcoin prices...
