"I don't think that the news is good or bad," Kwabena "Koby" Okrah told Consumers' Research. "But I think that we truly have a selfish need to narrow the news down to what we care about." This perspective is the core driver behind "Koby" Okrah's up-and-coming news aggregator app, Shelly News. The concept began in 2014 [...]
In response to the Reddit-fueled GameStop (GME) trading bonanza in late January, the Securities and Exchange Commission (SEC) will begin examining the payment for the order flow practice used by many electronic brokerage firms for their profit, according to a statement from SEC Acting Chairwoman Allison Herren Lee. Payment order flow allows online brokers such as Robinhood [...]
Democrats in the Senate advanced a $1.9 trillion Covid relief bill on March 4, making adjustments to student loans and infrastructure, the Wall Street Journal reported. All 50 Democratic senators advanced the bill on a procedural vote, while all 50 Republicans opposed it. Vice President Kamala Harris broke the tie in the Democrats’ favor. Republicans cannot [...]
The average rate on a 30-year fixed-rate mortgage (FRM) rose to 3.02%, maintaining its position for the fifth consecutive week, according to a release from Freddie Mac and reporting from the Wall Street Journal. In March of last year, the 30-year FRM averaged 3.29%. Freddie Mac Chief Economist Sam Khater said that while the figure is on par with [...]
Households in the U.S. have saved $1.5 trillion throughout the COVID-19 pandemic, according to Bloomberg's aggerated national central banks and statistical agencies data. The staggering number is greater than the average annual growth in the gross domestic product (GDP) equivalent to South Korea's output. Bloomberg Economics data indicated that all the money saved in the past year [...]
From development to distribution, the coronavirus vaccine's journey to the arms of Americans has been bumpy. Even with President Joe Biden's optimistic goal of supplying enough vaccines for every American adult by the end of May, the pandemic and its consequences rage on. But now that several vaccines have been produced, approved, and distributed, what is next [...]
The Federal Communications Commission will soon offer underprivileged households credit on broadband costs to help offset straining from the COVID-19 pandemic, the Wall Street Journal reported on Feb. 25, citing a pandemic relief initiative passed late last year. The Emergency Broadband Benefit program will be set up within the next 60 days. It offers up to a $50-per-month [...]
The University of Michigan’s consumer sentiment index dropped 2.8% to 76.8 for February. The monthly report cited households with incomes below $75,000 and broad uncertainty in the economy as the causes of the decline. “The worst of the pandemic may be nearing its end, but few consumers anticipate the type of persistent and robust economic growth that [...]
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