The White House panel on junk fees is the Biden administration’s next step toward promoting its Junk Fees Prevention Act
Here’s how the Silicon Valley Bank and Signature Bank failings, and moves by U.S. regulators may affect your wallet, according to financial advisors.
Price growth will likely stay higher this year, and the Federal Reserve is poised to continue to hike interest rates.
The concerns stem from TikTok’s ownership by China-based ByteDance, since China’s national security laws can compel firms based there to hand over information.
Inflation has dropped rapidly helping the Fed and economy, but there’s a sticky source in the supply chain related to inventory gluts and weak consumer demand.
Wholesale egg prices have declined by over 50% from their recent record highs. Retail prices may soon follow, but that’s not a sure thing.
The founder of a college-planning platform allegedly lied to Chase to convince the bank to acquire it. The company’s claims to consumers were also dubious.
Consumers pulled back on spending in November, failing to keep up with even a muted level of inflation.
A survey indicated that consumers see one-year inflation running at a 5.2% pace, down 0.7 percentage point from the October reading.
“Hope for the best, but prepare for the worst,” the Amazon founder said in a CNN interview.