Affording a home in today’s market has become much harder for Americans. A new report from Oxford Economics shows that U.S. households now need an annual income of at least …
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North Carolina Veterans Still Isolated After Helene: VA Teams Bring Critical Aid
More than a month after Hurricane Helene tore through the Carolinas, many veterans in western North Carolina are still without essential resources and remain cut off due to damaged roads …
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Federal Reserve Enacts Second Interest Rate Cut of 2024 Following Trump’s Election Victory
On November 7, the Federal Reserve cut interest rates by 0.25%, marking its second reduction this year. This adjustment lowers the federal funds rate to a range of 4.5% to …
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Following President-elect Donald Trump’s victory over Vice President Kamala Harris, Wall Street saw a sharp rise as investors anticipated favorable economic policies from a Trump administration. The Dow Jones Industrial …
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Ex-Target Executive Warns of Weak Holiday Shopping Season as Americans Face Economic Struggles
Former Target Vice Chairman Gerald Storch has issued a warning about the upcoming holiday shopping season, citing inflation and dwindling savings as major concerns for consumers. Speaking on Fox Business …
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The U.S. federal deficit is expected to hit $2 trillion in the 2024 fiscal year, nearly double the amount before the COVID-19 pandemic. Federal borrowing is now over $5 billion …
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(The Center Square) – Recent Medicare changes announced by the Biden administration could cost taxpayers more than $21 billion over the next three years, according to a new analysis by …
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Government Benefits Now Account for Nearly One-Fifth of Americans’ Income, Report Shows
Government benefits now account for nearly a fifth of Americans’ income, according to a report by the Economic Innovation Group (EIG). The study shows a significant increase in reliance on …
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Consumer confidence in the U.S. economy took a sharp nosedive in September, marking the biggest one-month decline since the onset of the COVID-19 pandemic. According to the Conference Board’s Consumer …
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U.S. New Home Sales Decline in August, but Falling Mortgage Rates Could Boost Future Demand
Sales of new U.S. single-family homes fell in August 2024, but the decline was smaller than expected. According to the Commerce Department’s Census Bureau, sales dropped 4.7% to a seasonally …