Category: Business & Economy

Even at a time of low interest rates and rising wages, Americans simply can’t afford a home in more than 70% of the country. Out of 473 US counties that were analyzed in a recent report, 335 listed median home prices were more than what average wage earners could afford.

Walmart teased that it is soon going to be taking on Amazon with one day free shipping – without a membership fee.

While most would probably chalk millennials’ aversion to investing up to the fact that they don’t have any savings or income to spare, one recent study suggested that even if they had the money, they wouldn’t put it in stocks.

New data from the Federal Reserve detailing citizens’ net worth shows that the issue of being “left behind” has now spread to all Americans aside from the top 10%, according to Bloomberg. This means that even the upper middle class is starting to feel the pain of income stagnation.

As world trade volume rolled over in late 2018 and into the new year, a sharp decline in shipping rates across all vessel types forced some operators to scrap their ships in Southeast Asia in the first three months of the year, reported The Wall Street Journal. In all regions of the world, warning signs are flashing red about the health of developed and emerging economies.