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72 votes
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America's obsession with weight-loss drugs is affecting the economy of Denmark – Novo Nordisk's market capitalization has matched the GDP of its home country
17 votes -
This is how we finally kill TurboTax
51 votes -
US Education Department readies latest tranche of student debt relief but faces new legal challenges to the program
18 votes -
Credit card debt collection
38 votes -
Sam Bankman-Fried thrown in jail over bail shenanigans
43 votes -
US Supreme Court temporarily blocks $6 billion Purdue Pharma-Sackler bankruptcy
28 votes -
Moody's downgrades regional US banks
8 votes -
No more freebies: Companies crack down on customer perks and rewards
47 votes -
What affordable housing actually means
25 votes -
Fitch downgrades US credit rating from AAA to AA+
65 votes -
Bank failure: Kansas Heartland Tri-State Bank closed by US Federal Deposit Insurance Corporation
29 votes -
US SEC awards more than $104 million to seven whistleblowers
23 votes -
UK vendors started boycotting the Etsy platform over its payment reserves system
18 votes -
Aspiration vs Amalgamated Bank (ethical banking)
Does anyone here have any experience with Aspiration or Amalgamated bank? I am interested in opening a new credit account and can't seem to decide which one to pick. I've picked these two because...
Does anyone here have any experience with Aspiration or Amalgamated bank? I am interested in opening a new credit account and can't seem to decide which one to pick.
I've picked these two because of their environmental commitments, but I'm leaning towards Amalgamated since it's based in the East Coast.
Edit: Unfortunately, Beneficial is only in the West
6 votes -
US asking rents negative year over year, continued pressure to lower them predicted
19 votes -
What US recession? It's a summer of splurging, profits and girl power
19 votes -
US taxpayers paid for 5.8 billion of Lockheed's 7.9 billion dollar stock buyback
48 votes -
Banks in UK and US are closing customer accounts with little to no warning or explanation
15 votes -
99-year-old US trucking company Yellow shuts down, putting 30,000 out of work
30 votes -
The fight over a US Congress bill targeting credit card fees pits payment companies against retailers
23 votes -
US cannabis industry confronts billion-dollar threat: weak weed
31 votes -
Mastercard move at cannabis shops intensifies call for US decriminalization
42 votes -
US tax code blamed as wealthy see major retirement account gains
44 votes -
US GDP grew at a 2.4% pace in the second quarter, topping expectations despite recession calls
31 votes -
US auto loan rejections hit record high as consumer credit standards tighten
29 votes -
What the data says about food stamps in the US
10 votes -
Teamsters in the USA win historic UPS contract, with zero concessions
87 votes -
US Federal Reserve Board announces a consent order and a $268.5 million fine with UBS Group AG, of Zurich, Switzerland, for misconduct by Credit Suisse, which UBS subsequently acquired in June 2023
11 votes -
New US merger guidelines released this week - 60-day window for public comment
17 votes -
US Federal Reserve announces that its new system for instant payments, the FedNow Service, is now live
46 votes -
San Francisco’s downtown becomes a wake-up call for other cities in the US
60 votes -
Pay raises in the US are finally beating inflation after two years of falling behind
13 votes -
Americans turning to installment apps Klarna, Affirm to buy groceries
50 votes -
Bank transfers as a payment method (2021)
11 votes -
US June CPI comes in at 0.2% MoM and 3% YoY, below the 3.1% forecast
30 votes -
The trillion-dollar grift: Inside the greatest scam of all time
26 votes -
Shifting trade patterns see Mexico become biggest exporter to US
19 votes -
Tax prep companies shared private taxpayer data with Google and Meta for years, congressional probe finds
45 votes -
Tides, State Street, GVA Investments, Rise 48, ZMR Capital and Nitya Capital facing problems with real estate investments
4 votes -
Stocks in a class action window
So, if I have stocks that were purchased during the class window of a class action lawsuit, is it okay for me to sell them? It's not a large amount of money at stake here, but it'd also be nice to...
So, if I have stocks that were purchased during the class window of a class action lawsuit, is it okay for me to sell them?
It's not a large amount of money at stake here, but it'd also be nice to be able to recoup some of the losses I had due to the misleading information that caused me to buy the stock and ive filled out the forms but they didnt say anything about future actions just asked when i bought or sold any at the time of the suit. I am not sure if it's okay to sell them or if I should hold them.
Any one have recommendations? This is US stock exchange, and if I did sell they'd be at a loss and I have sold other stocks at profit so I would be looking at capturing the losses on my taxes.
3 votes -
Judge delays rollout of New York's delivery worker minimum wage law
20 votes -
Does the "inflation due to wage growth" narrative hold water?
I've started to notice this narrative in my news feeds. The argument is high wage growth is contributing to stubborn inflation. So cooling wage growth is seen as positive. It'll help central banks...
I've started to notice this narrative in my news feeds. The argument is high wage growth is contributing to stubborn inflation. So cooling wage growth is seen as positive. It'll help central banks pause the hike cycle sooner.
My knee jerk reaction is if wage growth is contributing to inflation it's minuscule; just enough to print the headline. I can't help but feel this narrative is a way to distract from the earlier price gouging narrative and to help employers scapegoat out of raises.
But I'll admit, I haven't looked into this topic deeply. So I'm happy to be schooled.
52 votes -
Minneapolis and Honolulu see local inflation levels fall below national goal
20 votes -
Report - The increasing return of legal child labor to the US economy
Child labor is making a comeback with a vengeance. A striking number of lawmakers are undertaking concerted efforts to weaken or repeal statutes that have long prevented (or at least seriously...
Child labor is making a comeback with a vengeance. A striking number of lawmakers are undertaking concerted efforts to weaken or repeal statutes that have long prevented (or at least seriously inhibited) the possibility of exploiting children.
Take a breath and consider this: the number of kids at work in the U.S. increased by 37% between 2015 and 2022. During the last two years, 14 states have either introduced or enacted legislation rolling back regulations that governed the number of hours children can be employed, lowered the restrictions on dangerous work, and legalized subminimum wages for youths.
Iowa now allows those as young as 14 to work in industrial laundries. At age 16, they can take jobs in roofing, construction, excavation, and demolition and can operate power-driven machinery. Fourteen-year-olds can now even work night shifts and once they hit 15 can join assembly lines. All of this was, of course, prohibited not so long ago.
Legislators offer fatuous justifications for such incursions into long-settled practice. Working, they tell us, will get kids off their computers or video games or away from the TV. Or it will strip the government of the power to dictate what children can and can’t do, leaving parents in control — a claim already transformed into fantasy by efforts to strip away protective legislation and permit 14-year-old kids to work without formal parental permission.
In 2014, the Cato Institute, a right-wing think tank, published “A Case Against Child Labor Prohibitions,” arguing that such laws stifled opportunity for poor — and especially Black — children. The Foundation for Government Accountability, a think tank funded by a range of wealthy conservative donors including the DeVos family, has spearheaded efforts to weaken child-labor laws, and Americans for Prosperity, the billionaire Koch brothers’ foundation, has joined in.
Here is a Robert Frost poem related to the subject of the article. https://www.poetryfoundation.org/poems/53087/out-out
I'm GenX and I worked as a teen, but my earliest jobs were babysitting, not industrial labor.
54 votes -
The delinquency rate of US Commercial Mortgage-Backed Securities (CMBS) backed by office properties jumped to 4.5% by loan balance in June
22 votes -
Shifting sands: US inflation’s changing dynamics
17 votes -
Recommendations for credit cards in the USA with cashback rewards?
I've had the same secured credit card through my bank for years; I only use it for car rentals and when my debit card gets declined on international online purchases. It's very easy to maintain as...
I've had the same secured credit card through my bank for years; I only use it for car rentals and when my debit card gets declined on international online purchases. It's very easy to maintain as there are no fees and I always pay off the balance within the week; however, there are also no rewards. I know that a lot of credit cards out there have cashback rewards, and it seems like kind of a waste not to take advantage of that. But there are so many different ones that it's horribly overwhelming for me to try to research which one(s) might be a good choice. Costco has one which would have probably been an easy choice if I were able to spend more money there, but as of currently I have very little space and only hold a membership for gas.
So, do any of you lovely folks have recommendations to give me a starting point for what to look into? What cards have you used and been happy with?
ETA: I am in the US!
30 votes -
Bank of America has $100B in unrealized losses
9 votes -
US Supreme Court strikes down President Biden's student loan forgiveness: Now what?
117 votes