Catherine Ziegler | Digital vision | Getty Images As inflation kept prices high in 2022, Social Security recipients can expect a record cost-of-living adjustment in 2023. “Your Social Security benefits will increase by 8.7% in 2023 due to an increase in the cost of living,” the Social Security Administration says in the annual statements it …
US households lost an estimated $6.8 trillion in wealth in the first three quarters of 2022 as the SPX stock market, -0.73% DJIA, -0.90% COMP, -0.70% has lost more than 25% of its value, the Federal Reserve reported Friday in the government’s quarterly financial accounts. Nominal net worth fell 4.6% to $143.3 trillion, as the …
Opinion: Household wealth plummets by $13.5 trillion, second-worst drop on record Read More »
CNN — Big oil companies have engaged in a ‘long-running greenwashing campaign’ while reaping ‘record profits at the expense of American consumers’, the Democratic-led House Oversight Committee found after an investigation by a year on fossil fuel climate misinformation. industry. The committee found that the fossil fuel industry “posture on climate issues while avoiding real …
You’re here (TSLA) sold a record number of Chinese-made vehicles in November, according to data released Monday by the electric vehicle giant. However, multiple reports on Monday said Tesla also plans to cut electric vehicle production in China as demand appears to be weakening. Tesla stock fell on Monday. X The electric vehicle giant on …
Tesla hits record monthly sales, reports China production cuts Read More »
Corporate profits in the non-financial sector hit a record high of $2.08 trillion in the third quarter, even as inflation, at a 40-year high, continues to weigh on US consumers. Inventory and capital consumption-adjusted profits rose $6.1 billion between the fiscal second and third quarters, the Commerce Department reported Wednesday, continuing a meteoric recovery from …
Corporate profits hit record high in third quarter amid 40-year high inflation Read More »
Corporate profits in the non-financial sector hit a record high of $2.08 trillion in the third quarter, even as inflation, at a 40-year high, continues to weigh on US consumers. Inventory and capital consumption-adjusted profits rose $6.1 billion between the fiscal second and third quarters, the Commerce Department reported Wednesday, continuing a meteoric recovery from …
Corporate profits hit record high in third quarter amid 40-year high inflation Read More »
BOSTON–(BUSINESS WIRE)–55ip, the fintech platform designed to deliver personalized and tax-smart investment management at scale, today announced that data from its platform this year reveals a record number of advisers taking advantage of harvesting opportunities. tax losses for their clients. Across client portfolios through Q3, the 2022 year-to-date tax savings benefit for ETF and mutual …
Europe is importing a record amount of Russian gas transported by sea, showing how the region has not completely shaken off its dependence on the country for crucial fuel, even as flows through pipelines slow down. are practically stopped. Imports of Russian liquefied natural gas, which is usually transported on large tankers, increased by more …
European imports of Russian maritime gas hit record high Read More »
(Justin Pope) Retirees feeling crushed by the highest inflation in decades are getting some relief. The Social Security Administration announced that benefits will receive an 8.7% Cost of Living Adjustment (COLA), the largest increase since 1982. In pure dollar terms for the average Social Security recipient, it will be the biggest COLA ever recorded. Don’t …
Social Security’s Record 2023 Increase Isn’t All It’s Supposed To Be Read More »
The financial results of Nvidia Corp. surprised investors a little, and not on the good side – product inventories doubled to an all-time high as the chip company prepares for a dodgy holiday season. Nvidia on Wednesday reported fiscal third-quarter revenue slightly above analysts’ discounted expectations, but the numbers weren’t so great. Revenue fell 17% …
This record Nvidia revenue number is a chilling sight Read More »
