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Ohio Woman Wins $15M Lottery But Only Receives $5.4 Million - Are Cash Payouts Worth It?
Jeanne opted for the $7.5 million cashout option and paid 28% in state and federal taxes to take home $5.4 million. She also had the option to receive $600,000 annually for 25 years.
US Housing Affordability Crisis Won't Improve Until 2026 As Rates and Prices Remain Too High, Analysts Say
Home sales and construction declined in May. Homeowners who locked in at low mortgage rates before the US Fed's aggressive rate hikes have been unwilling to sell their homes.
This Woman Travels the World for Free by Cat-Sitting: Here's How She Goes On Rent-Free Adventures
This Australian travels the world rent-free by caring for pets, leveraging her love for cats and housesitting gigs to travel without accommodation costs.
12% Americans Don't Have Home Insurance: Why More Homeowners Don't Think The Rising Prices Are Worth It
Americans are increasingly dropping their homeowner insurance policies or falling behind on payments amid high living costs and rising coverage premiums.
JPMorgan CEO Jamie Dimon on 'Hard Landing' and 'Stagflation' Fears as Inflation Worries US Fed
JPMorgan CEO Jamie Dimon thinks the odds of a recession are higher than people think despite markets reaching record highs and the consensus rooting for a sustained bull run.
Ark Invest CEO Cathie Wood Boosts Stake in Firms Making Breakthroughs in Gene Editing, AI Drug Development, and Obesity Drugs
Cathie Wood splurged millions in biotech this year on strong clinical progress, AI adoption, sales growth, wider outreach, and steady product pipelines.
Gen Z and Millennials Are Ill-Prepared for Retirement, Here's How They Can Build up Savings
Growing living costs, job uncertainty, and high debt amid risks of reduced Social Security benefits are pushing millennials and GenZ way behind their retirement goals.
Billionaire Ken Griffin Goes Heavy on This Tech Stock, Increases Stake By 200% in Two Quarters
Renowned investor Ken Griffin upped his stake in Amazon rapidly as the tech firm continues to leverage AI in AWS and e-commerce to boost sales and net income.
Biden's New Financial Advisor Rule to Curb Biased Retirement Advice
The new retirement rule could positively impact five million savers and boost retirement accounts by between 0.2%-1.2% annually and up to 20% over a lifetime.
'Big Short' Investor, Who Predicted 2008 Housing Crash, Buys 440K Units of Physical Gold Fund
Michael Burry's latest Q1 filings show he wagered $7.6 million on gold via a fund that allows him to redeem units in actual physical gold.
Rising Debt, Delinquencies, and a Hot Wholesale Inflation Print Signal More Rate Hikes
US Fed's plans of interest rate cuts and market expectations of a "soft landing" could be at stake as wholesale inflation data for April notches up.
'Do I Pay for My Daughter's Ear Infection or Food': Manager Had $34K Student Debt, Now It's Over $500K
As a senior manager at a pharmaceutical firm, Angela Bolt's student loans began at $34,000, but have grown to an overwhelming $528,152 over the years.
Canadians Are Buying $12,000 Yurts To Avoid Ridiculous Rental Prices
After Canada's housing costs have increased by more than $200,000, many families have taken to living in tent-like structures, known as yurts.
What Does UK Entering Recession After Steeper-Than-Expected Fall In GDP Mean For Brits
While recessions of the past, notably during the global financial crisis of 2008-2009, were protracted and severe, indications suggest that this downturn may be milder and short-lived.
China's Economy Hit By Worst Consumer Prices For The First Time In 14 Years
According to official data published by the National Bureau of Statistics, China's consumer price index fell by 0.8 per cent in January 2024, compared to that of January 2023.
Young Drivers Admit To Insurance Fraud Amid 'Unviable' And Rising Costs
The recent data showed that drivers have seen their car insurance increase by 58 per cent, on average, compared to this time last year.
Which UK High Street Shops Will Close In 2024?
With some companies closing to prioritise expansion elsewhere and others shutting their stores due to bankruptcy, the UK can expect to see a mass increase of empty store-fronts.
UK Economic Revival Predicted: Falling Inflation and Tax Cuts Set Stage for Growth
A recent study conducted by the EY Item Club, a prominent forecasting body sponsored by EY, suggests that the nation is poised for a resurgence in the latter half of the year.
Unexpected Surge in UK Inflation Poses Challenges for Bank of England's Monetary Policy
The United Kingdom experienced an unexpected rise in inflation to 4.0 per cent in December, marking the first increase in the past 10 months.
Bank of England Faces Pressure to Adjust Interest Rates as Inflation Forecasts Take a Surprise Turn
Three prominent forecasters – Oxford Economics, Investec, and Deutsche Bank – have issued updates indicating a potential halving of the inflation rate to two per cent by April, forcing the Bank of England (BoE) to reconsider its timeline for the first interest rate cut.
Bank of England Contemplates Earlier Interest Rate Cut Amidst Forecasts of Decreasing Inflation
Three prominent forecasters, including Oxford Economics consultancy, Investec, and Deutsche Bank, have revised their outlook for inflation in 2024.
UK Retail Landscape Faces Challenges as December 2023 Sales Slow Down
The total UK retail sales for the month showed a growth of 1.7 per cent, marking a substantial decline from the 6.9 per cent recorded in December 2022.
UK Grocery Inflation Stays At 4.3% Despite Decline in Food Prices
The introduction of new border checks on EU goods in April entering the UK could lead to further spikes in UK grocery inflation.
Energy Bills In The UK Is Set To Increase By Five Per Cent After Rise In Energy Price Cap
The average annual household energy bill has risen by £94 to £1,928 during the coldest months of 2024.
Soaring Hospital Parking Fees in England Spark Outcry Amidst NHS Funding Concerns
The Liberal Democrats have decried this exponential rise in parking costs as a "tax on caring" and have criticised the government for falling short of its 2019 manifesto promise.
The 2024 Forecast for Retail Industry: 'It is going to get worse'
Projections released by Think Tank suggest that consumers are likely to maintain a cautious approach to spending in the initial months of 2024.
UK Consumer Inflation Rate Unexpectedly Decreases In November
Jeremy Hunt says that wages will go up as prices go down next year after it was announced that the rate of inflation has decreased to 3.9 per cent.
Energy Bills Predicted To Fall To £1,660 From April, A New Forecast Suggests
Consultancy firm Cornwall Insight says bills could drop by £268 a 16 per cent decrease – in line with the official price cap set by the UK's energy regulator Ofgem.
Etsy Announces Workforce Reduction of 225 Employees, CEO Cites 'Unfortunate' Timing
Etsy, alongside Mattel and Hasbro, are experiencing decreased sales even during the Christmas season due to inflation.
Decline in UK Mortgage Rates Spurs Optimism for Homebuyers and Remortgagors
The United Kingdom has witnessed a notable drop in the average cost of a two-year fixed-rate mortgage, falling below six per cent for the first time in nearly six months.