Author: Heidi Hecht

Wharton School of Business — Trump’s alma matter – analyzed both candidate’s economic proposals impact of nation debt over a 1-year period.

The detailed, cross-sectional study highlighted the enormous amount of income the average renter spends before buying a home.

Visa and Mastercard represent 80% of the credit card transaction market and more than 90% of their revenue is profit.

Federal Reserve Chair Jerome Powell indicated that interest rate cuts may come as early as September 18. However, he did not say how large the reduction might be, though experts expect them to be conservative. Powell cited cooling inflation and uncertain job markets. A Bureau of Labor Statistics report indicates that a modest 114,000 jobs were added in July 2024 — lower than expected. Meanwhile, the unemployment rate rose to 4.3%. On July 31, the Federal Reserve’s Board of Directors voted to keep interest rates at 5.5%, where they have been since July 2023. They plan to monitor economic indicators…

Billionaire Mark Cuban’s Cost Plus Drug planning on the use of A.I.-driven drug manufacturing to fill market shortages.

The Federal Trade Commission implemented a new series of rules targeting fake reviews and bot engagement on social media.

California Governor Gavin Newsom announces new initiative to add driver’s license and state-issued photo IDs to Apple and Google Wallet.

Declining sales and mounting Subway closures have forced the sandwich chain to pivot strategy in the wake of its recent acquisition.

An estimated 2.9 billion records of sensitive data, including names, addressed, and Social Security, Numbers are reportedly for sale on the dark web.

The increase in car insurance premiums is due to a combination of fluctuating auto prices and increased traffic fatalities.