The US dollar has gained momentum in the past week as hedge funds and other major investors have switched to a bullish stance on the greenback, anticipating a hawkish tone from the Federal Reserve at its policy meeting this week. Hedge Funds Flip to Net Long on Dollar According to...
How Inflation Affects Your Savings and CDs?
Inflation is the general increase in the prices of goods and services over time. It reduces the purchasing power of your money, meaning you can buy less with the same amount of cash. This can have a significant impact on your savings and CDs, especially if the inflation rate is...
US household wealth reaches new high amid economic recovery
The second quarter of 2023 saw a remarkable increase in the net worth of American households, as the stock market and housing prices rebounded from the effects of inflation and interest rate hikes. According to the latest data from the Federal Reserve, US household wealth hit a record $154.3 trillion...
California Assembly Approves Bill to Extend Unemployment Benefits to Striking Workers
The California Assembly passed a bill on Monday that would allow workers who go on strike to receive unemployment insurance benefits after two weeks of being on the picket line. The bill, SB 799, was authored by State Senator Anthony Portantino and supported by several labor unions, including the Writers...
Reporter who shuns online banking and shopping defends cash use
Sam Lennon, a reporter for KentOnline, has revealed that he has never banked online, shopped on Amazon, or used an outdoor cash machine. He says he prefers the old ways of paying with cash and posting cheques, and thinks that some modern developments are overrated. Lennon, who has been a...