A top ATM executive says cash could be phased out in five years. Physical currency is used in only 20% of all US transactions. Top think tanks are warning cash is soon to be obsolete. What happens to the poor–and to our privacy? Cash could be phased out within five
One woman really thought her crypto investment was paying off after a cryptocurrency firm mistakenly wired her $10.4 million. She immediately bought a mansion for her sister and gave money to five other people. Crypto firm pitched by Matt Damon accidentally sends woman $10 million You might remember actor Matt
The United States met the standard metric for a recession this week, which is defined as a fall in GDP in two successive quarters. After the economy shrank a second time, the Fed raised interest rates, resulting in a major plunge in the housing market. US enters recession with second
Inflation has surged beyond Dow Jones estimates to surpass record highs at 9.1% year-over-year for the CPI, with the cost of food, energy, natural gas, and vehicles soaring even higher. Inflation blasts past estimates to hit record 9.1% Inflation in the United States reached a new high of 9.1% from
An African-American boy, a self-made millionaire before middle school, is now 14 and earns $100K each month as a motivational speaker, day trader, and author. He’s now teaching others how to invest. This is his amazing story! Boy becomes author at age 8 “Black mom raises genius day trader,” was
The latest inflation report showed a year-over-year increase of 8.58 percent, but the true amount is much higher for numerous items–as high as 110%. Here are all the products you are paying way more for today than last year. The US and inflation The US inflation rate is based on
Shrinkflation…It’s the inflation you might not notice. As the dollar shrivels, brands are staving off losses by shrinking containers and/or putting less in them, while selling the products to you at the same price or higher. Shrinkflation: How companies hide the fact they are giving you less and charging more
Prices rising at record rates, 10 states with an average gas price of $5 a gallon or higher; more companies announce 10% workforce layoffs or higher; Biden snipes Musk’s “super bad feeling” about the economy; plus, Fed inflation moves. 10 states reach $5 per gallon, several halfway to $6 The
The US just reached an unfortunate milestone. The price of gasoline has exceeded $4/gallon in every US state for the first time in history. The overall national average at $4.523 per gallon and California at over $6. Historic first: Gasoline $4 per gallon in EVERY US state Record woe: The
Elon Musk tweeted that his $44 billion deal to purchase Twitter is temporarily on hold pending an investigation into the number of fake accounts on the platform, even as top leaders got the boot and company stock fell 15%. Elon Musk will put Twitter purchase on hold while fake accounts
