By Nathalie Voit Nearly 3 in 4 U.S. adults do not believe they will ever achieve “high net worth” status, according to a survey from digital wealth management firm Personal Capital. When Morning Consult surveyed 2,209 U.S. adults in March on behalf of Personal Capital, 74% of respondents found it unlikely they will ever become a “high [...]
By Nathalie Voit The U.S. Centers for Disease Control and Prevention has enlisted the Justice Department to help overturn a ruling from April 18 that deemed its federal mask mandate on public transit unlawful. “CDC believes this is a lawful order, well within CDC’s legal authority to protect public health. CDC continues to recommend that [...]
By Nathalie Voit New data from Adobe Analytics shows that domestic flight bookings are down as soaring airfares prompt some consumers to rethink their travel plans. Online bookings for domestic travel between June through August declined 2% in the first two weeks of April compared with bookings for summer travel in the last two weeks [...]
By Nathalie Voit Construction of new residential housing was unexpectedly up in March, the Commerce Department said in a news release on April 19. Privately-owned housing starts in March rose 0.3% to a seasonally adjusted annual rate of 1.793 million. This was the highest figure since June 2006 and surpassed market estimates of 1.745 million, as [...]
By Nathalie Voit Netflix stock plunged on April 20 following news that the global streaming service had lost 200,000 subscribers in the first quarter. The loss of 200,000 subscribers in Q1 is the first time since October 2011 that the streaming platform reported negative membership growth during a quarter. The company is projecting a loss [...]
By Nathalie Voit According to a YouGov and CBS News survey, nearly half of U.S. adults believe they pay too much in taxes. The results were more pronounced among conservatives, with most respondents who identified as Republicans stating they pay “more than their fair share” (55%). Liberals are less likely to believe they pay too much [...]
By Nathalie Voit A new report from Accountable.US showed the ten largest U.S. retailers generated billions in increased profit last year while passing on price hikes to consumers. Companies from Amazon to Target to CVS Health capitalized on soaring inflation rates to overcharge Americans in 2021. The consumer watchdog group said that rather than keeping costs stable [...]
By Nathalie Voit The Food and Drug Administration (FDA) is launching an investigation into Lucky Charms following thousands of complaints from consumers claiming they had developed food poisoning after eating the cereal. The news comes after more than 3,000 people who claimed they had fallen ill after consuming the cereal submitted reports to iwaspoisoned.com, a food [...]
By Nathalie Voit A Tampa federal judge struck down a public transit mask mandate issued by the Biden administration on April 18, ruling that the Centers for Disease Control (CDC) exceeded its authority when it extended the order. In a court ruling on Monday, U.S. District Judge Kathryn Kimball Mizelle said the CDC did not [...]
By Nathalie Voit Homebuilder sentiment dropped for the fourth consecutive month as rising mortgage rates dampen demand for new and existing housing. “The housing market faces an inflection point as an unexpectedly quick rise in interest rates, rising home prices, and escalating material costs have significantly decreased housing affordability conditions, particularly in the crucial entry-level [...]
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