Author: Samuel Adeyeme
Samuel Adeyeme
Samuel Adeyemi has authored numerous reports and articles on finance and investment, drawing from over seven years of experience in the field. Outside of his professional writing, he enjoys reading nonfiction essays, continually expanding his knowledge base.
Social Security reserves have been dipped into since 2021, when the total benefits paid exceeded the program’s net income by $41 billion.
June brought the first decline in the consumer price index since May 2020. Federal Reserve Chairman Jerome Powell isn’t cutting rates — yet.
The massive Apple stock selloff from Berkshire’s portfolio is a continuation of Buffett’s ongoing selling streak.
According to the UBS Global Wealth Report, the world saw a 3% fall in global wealth in 2022. This drop has been attributed to a decline in both equity and bond markets and an appreciation of the U.S. dollar against other currencies. But 2023 suggested this dip was temporary as global wealth rebounded by 4.2%. This trend was most concentrated in the U.S. economy, which saw an increase of nearly 2.5% in average wealth per adult. “Wealth is steadily growing throughout the world – albeit at different speeds – with very few exceptions,” the UBS reports. “The proportion of people…
Research by the Federal Reserve registered a 13% uptick in credit card debt over a 12-month period.