Inflation Drives More Americans to Skip Bill Payments: Bank of America
Out-of-control inflation is now forcing a significant proportion of Americans to skip their utility payments, according to Bank of America (BoA). “Around 17 percent of...
Morgan Stanley Warns of Something Worse Than a ‘Normal Recession’
Morgan Stanley’s Chief U.S. Equity Strategist Michael Wilson said that he’s convinced a corporate earnings recession is coming—and that it could be worse than a...
Putin’s Sudden Turning Point
Commentary Russian President Vladimir Putin finally abandoned hope in mid-September that he could rebuild a bridge to the West. With that realization, he committed Russia...
US Power Grid Needs Trillions in Upgrades to Accommodate Renewable Energy Demands
In August, California announced the end of fossil fuel-powered car sales by 2035, prompting green energy advocates to celebrate. However, flex alerts followed the announcement...
Inflation May Cost Average US Family Extra $11,500 This Year
Americans are set to pay an extra $11,500 this year if they want to enjoy the same standard of living they maintained in 2020, according to new...
‘Running Too High’ Rather Than ‘Hardly at All’
In his much-anticipated remarks on the economy following the Fed’s policy meeting that saw another jumbo interest rate hike to tame soaring prices, Federal Reserve...
Major US City’s Basic Income Program Will Give Homeless People Thousands in Cash
More than 140 homeless people in Denver will be given up to $1,000 per month for up to one year as part of a basic...
Americans’ Household Wealth Falls by Record $6.1 Trillion
The net worth of American households dropped by $6.1 trillion in the second quarter of 2022, triggered by a decline in the stock market, according...
US ‘Heavily Dependent’ on China for Rare Earth Elements: Experts
The U.S. dependency on China for rare earth elements is a security risk and is being exacerbated by the Biden administration’s forced transition to so-called...
US Households Struggling to Save in an Inflationary Economy
A new report revealed that U.S. households are increasingly struggling to save money as the cost of living continues to impact Americans. According to Morning...