Independent thinking for complex markets and current events
AMERICANS ARE CUTTING SPENDING, PRIORITIZING ESSENTIALS OVER TRAVEL AND LIFESTYLE EXPENSES — First Squawk (@FirstSquawk) May 1, 2026 #BREAKING: Reports say millions of Americans are stuck with vacant and flipped homes, listing high and refusing to sell over fears of steep sale taxes. — Insider Wire (@InsiderWire) May 1, 2026 "Most Americans care deeply about …
“Many dentist offices will still take most major insurance but they dropped the in-network contracts. In Network Insurance says a cleaning can cost $75, the dentist can only charge $75. Insurance pays $75. You pay $0 Out of Network Insurance says a cleaning can cost $75. Dentist charges $200. Insurance pays $75. You pay $125 …
Bessent: "You know the best way to bring your inflation rate down? Move from a blue state to a red state. Blue state inflation is half a percent higher." pic.twitter.com/FVL9AMS2BE — Aaron Rupar (@atrupar) November 23, 2025 well…… pic.twitter.com/8SRa6MaXXB — t. johnson (@scottyj71119363) November 23, 2025 WELKER: Which parts of the economy do you believe …
The Department of Government Efficiency (DOGE) announced it had terminated 113 contracts valued at $4.7 billion Tuesday, including a U.S. Department of Agriculture (USDA) consulting contract for Peru’s climate change activities. “[Tuesday] agencies terminated 113 wasteful contracts with a ceiling value of $4.7B and savings of $3.3B, including a $145K USDA consulting contract for ‘Peru …
I’ve lost $700k what the fuck do I do? byu/Smartmoney243 inwallstreetbets
Macy’s Inc. said it would delay its third-quarter earnings release after an investigation revealed an employee hid more than $100 million of expenses. An employee “intentionally” made erroneous accounting accrual entries to hide about $132 million to $154 million of cumulative delivery expenses stretching over multiple years, the company said Monday. The worker, who was …
by Michael When U.S. consumers are doing well, the U.S. economy does well. But of course the opposite is also true. When U.S. consumers are not doing well, the U.S. economy really suffers. The government has been trying really hard to put a happy face on things, but the truth is that the standard of …
According to ATTOM data solutions, right now the average household is spending upwards of 35% of their gross income just on their mortgage, taxes and insurance. Which obviously does not include any other cost of running a household like utilities, surprise expenses, or repairs, renovations, etc. And since this figure is based on gross income, …
According to the 2024 KPMG Consumer Pulse Survey, U.S. consumers are adjusting their spending habits this summer due to inflationary pressures. Here are the key findings: Essential Goods and Services: Consumers expect to spend less on personal care products (considered essential) and restaurants, travel, and entertainment. About 21% of consumers anticipate spending more on personal care …
These costs include property taxes, homeowners insurance, utilities, renovations, and maintenance. Let’s delve into the specifics: Property Taxes: The average homeowner pays $6,251 in property taxes annually. However, this amount varies significantly by state. For instance: New Jersey has the highest effective property tax rate at 2.46%, with an average tax bill of $8,928. Illinois, Connecticut, and New Hampshire also have …
TikTok user @fouronacouch revealed that she makes $2,500 a month after taxes After paying her rent and monthly loan bill, she was left with just $25 Many viewers were shocked by entry-level teacher’s salary https://www.dailymail.co.uk/femail/artic…enses.html A 23-year-old has shed light on the difficulties of making a living as a public school teacher after breaking down …
United States Employment Cost Indexhttps://t.co/ctIxwn2OIh pic.twitter.com/pqibeiF878 — TRADING ECONOMICS (@tEconomics) April 30, 2024 U.S. labor costs surged beyond forecasts in the first quarter, climbing 1.2% amid a boost in wages and benefits, reinforcing early-year inflation concerns. The Employment Cost Index (ECI) uptick may influence Federal Reserve deliberations as it navigates monetary policy amidst mounting price …
Hogg Wild: Filings Show Left-Wing Gen-Z PAC Blew More than $1M on Travel Expenses, Consultants, Spent Little on Candidates Gun control activist David Hogg is living high on the hog thanks to the many donors cutting checks to his political action committee (PAC), Federal Election Commission (FEC) records show. Grift for his deep state daddy and …
His total legal bill is staggering. And it left one of his primary committees with little cash on hand. By MERIDITH MCGRAW and JESSICA PIPER 01/31/2024 08:11 PM EST Donald Trump’s political operation spent millions more than it took in over the past year due, in part, to massive legal costs incurred by the former …
by Dismal-Jellyfish Source: https://www.spglobal.com/marketintelligence/en/news-insights/latest-news-headlines/ubs-is-least-efficient-bank-in-europe-in-q3-2023-79149692 The Swiss bank recorded a third-quarter cost-to-income ratio of 99.56%, representing a 10.61-percentage-point increase from the previous quarter. UBS posted a third-quarter net loss attributable to shareholders of $785 million, compared to a $1.73 billion profit booked a year ago. Operating expenses surged 91% to $11.64 billion due to the ongoing integration …
The financial outlook in the United States is deeply concerning. The bottom 20% of workers are allocating a staggering 80% of their income to essential goods like food, highlighting the stark inequality. Even those earning $150,000 or more a year are living paycheck to paycheck, relying on credit cards to make ends meet. Excess savings, …
At some point, federal regulators, the Senate Banking Committee and the criminal division of the U.S. Department of Justice are going to reach the same conclusion that Wall Street On Parade reached quite some time ago: JPMorgan Chase is a criminal enterprise in drag as a federally-insured bank. JPMorgan Chase is the largest U.S. bank, …
The cost of health insurance premiums in the US has significantly increased, from $6,000 in 2000 to $21,000 in 2022, outpacing inflation. The average US family health insurance premium has increased from $6,000 in 2000 to $21,000 in 2022. That’s a 249% increase, or 5.8% per year, more than double inflation. The biggest beneficiaries of …
With the median mortgage payment exceeding the cost of rent by $1,000 per month and average new car payments and used car loan interest rates reaching new highs, households are feeling the strain of increasing expenses. The milestone of $1 trillion in credit card debt, coupled with record-high interest rates of 25%, underscores the growing …
HARTFORD, Conn. (AP) — As Alex Jones continues telling his Infowars audience about his money problems and pleads for them to buy his products, his own documents show life is not all that bad — his net worth is around $14 million and his personal spending topped $93,000 in July alone, including thousands of dollars …
With the new debt ceiling bill, the limit is UNCAPPED until 2025. Estimates show $4 trillion in debt will be added by 2025 at this rate. Meanwhile, interest expense is rising with rates. This is unsustainable. Follow us @KobeissiLetter for real time analysis as this develops. — The Kobeissi Letter (@KobeissiLetter) September 7, 2023 Pretty …
‘.@RepRoKhanna misleadingly claims, “There is not a single shred of evidence that a single payment went to President Biden.” Hunter Biden paid his father’s phone bills, house repairs, and monthly expenses and told his daughter that he “paid for everything for this entire family for 30 years… But don’t worry unlike Pop I won’t make …
by confoundedinterest17 Inflation under Biden has been very painful for the US middle class and low wage workers. That inflation has resulted to surging mortgage rates thanks to The Fed’s counterattack. The result? Mortgage rates are up 134% under Bidenomics, while mortgage purchase demand is down -45% since Biden was selected. And mortgage refinancing demand …
by confoundedinterest17 What screams may come! Actually, the aftermath of excessive monetary policies under Bernanke, Yellen and Powell are coming home to bit the big banks. Interest expenses at big US banks are rising much more quickly than interest income. Across the six largest US banks, interest expenses are set to climb to roughly $78.7 …
by DJDevine These are the consequences of decriminalizing drugs, apathy towards the homeless, sky high taxes, and ridiculous policies. In other words, this is the result of voting unchecked for what feels good instead of what IS good for your community. Thank to that and essentially outlawing conservatism of any kind, this is the result …
via CNBC: Millionaire investors are adding to their mountains of cash, betting on higher interest rates and weak stock markets in 2023, according to the CNBC Millionaire Survey. More than a third of millionaire investors, 34%, report keeping more of their money in cash, according to the survey, which surveys households with $1 million or …