Two months ago, Jacksonville ranked in personal finance company WalletHub’s top 10 U.S. cities where residents are the most financially stressed. Just last week, Florida ranked in Forbes Advisor’s top 10 states where it’s most difficult for residents to save money and the Miami metro area ranked in the top five metro areas where it’s
Recent economic data has shown remarkable resilience to higher interest rates placed upon us by the Federal Reserve. Traditional economic theory would say the Fed rate is restrictive, but strong jobs reports and higher inflation says otherwise. These factors have crushed market expectations of interest rates dropping this spring. Some within the Fed have even
The stock market, not to mention life itself, has been a rollercoaster over the past few years. In rinse-and-repeat-like cycles, stocks have tumbled as the pandemic, inflation or the Federal Reserve’s interest rate hikes have darkened the economic outlook — and rebounded as COVID or inflation have eased and the Fed has forecast market-friendly rate
With inflation picking up again and highly anticipated Federal Reserve interest rate cuts delayed, it may be a good time for Americans to tweak their investment and retirement portfolios, financial advisers say. While U.S. rate cuts are on hold, the European Central Bank (ECB) suggested last week that its first rate cut could come in
Some of the world’s largest banks and financial institutions are cutting their head counts to tighten budgets amid uncertain economic times, and the phenomenon has hit New Jersey. Data from state filings showed that five financial institutions announced New Jersey layoffs so far in 2024: The Bank of New York Mellon Corporation, TD Bank, Prudential
The same federal agency that helped small businesses across the country stay afloat during the pandemic has set up shop about two miles from the site of the fallen Francis Scott Key Bridge in Maryland to provide potential economic assistance to businesses in the state and the region. United States Small Business Administration Administrator Isabel
Consistent fossil fuel development in Eddy County led to continued growth from property taxes paid by individual residents and businesses in 2023, said County Assessor Rhonda Hatch. She presented an annual update of activities conducted by her office last year to the Eddy County Board of County Commissioners on March 19. Hatch said state law