Watching the Real-Estate Bust
The pandemic severely affected mall retailers. The mall’s occupancy plummeted from 96% to below 50%. Owners Unibail-Rodamco-Westfield and Brookfield Properties ceased mortgage payments, and by...
Here’s why Americans can’t stop living paycheck to paycheck
For many Americans, payday can’t come soon enough. As of June, 61% of adults are living paycheck to paycheck, according to a LendingClub report. In...
Bank runs used to be slow. The digital era sped them up
NEW YORK (AP) — A bank run conjures images of “It’s a Wonderful Life,” with anxious customers crammed shoulder to shoulder, desperately pleading with a...
First Republic drops, bank stocks decline
Financial stocks under pressure The declines came despite Sunday’s news that the Federal Reserve created a new Bank Term Funding Program that will offer loans...
San Francisco will allow police to deploy robots that kill
SAN FRANCISCO (AP) — Supervisors in San Francisco voted Tuesday to give city police the ability to use potentially lethal, remote-controlled robots in emergency situations...
60% of Americans live paycheck to paycheck heading into 2022 holiday
Just as the holiday shopping season gets into full swing, families are finding less slack in their budgets than before. As of October, 60% of...
More Americans live paycheck to paycheck as inflation outpaces income
As rising prices continue to outpace wage gains, families are finding less cushion in their monthly budget. As of September, 63% of Americans were living...
Stubborn inflation forces more Americans to live paycheck to paycheck
Inflation is a persistent problem The consumer price index, which measures the average change in prices for consumer goods and services, rose a higher-than-expected 8.3% in...