The test drive has probably been a part of the automotive experience since the day Henry Ford jumped behind the wheel of his Quadricycle and went for a ride down Grand River Avenue in Detroit. Of course, Ford didn’t have a salesperson sitting next to him at the time, seeing as there were no car…
A 23-year-old self-described “Crypto King” from Whitby, Ontario, a town east of Toronto, allegedly owes at least $35 million to investors in what is shaping up to be a cryptocurrency scam. More than 150 investors who handed over a collective $20 million to Aiden Pleterski and his company, AP Private Equity Limited, which reportedly invests…
The Bank of Japan directly intervened in global currency markets overnight Thursday as officials moved to support the yen amid its two-decade lows against the U.S. dollar in the first such move since 1998. Masato Kanda, Japan’s Vice Finance Minister For International Affairs, told reporters in Japan that the government took “decisive action” in the currency…
With inflation roaring and pandemic assistance from the government now a relic of the past, more people are turning to credit cards to pay their bills. A total of 48% of cardholders say they don’t pay off their credit-card bills each month, according to a survey conducted for information service CreditCards.com by YouGov. And 60%…
We’re officially making our way into another cuffing season. If you’re unfamiliar with the term, cuffing season is the time of year when single people start to secure a relationship for the cold winter months. The season is typically thought to begin sometime in September and last until February of the following year. That’s when…
Elon Musk is a troublemaker in the Russian war machine. The CEO of electric vehicle manufacturer Tesla (TSLA) has completely turned Moscow’s communication plan upside down, a plan aimed at imposing its narrative in the unprovoked invasion of Ukraine on February 24. Everything seemed to be going according to President Vladimir Putin’s plans until Musk,…
Purchasing power has an inverse relationship with inflation. Igal Ness via Unsplash; Canva ContentsWhat Does Purchasing Power Mean? How Does Purchasing Power Relate to Inflation and Cost of Living? What Is Purchasing Power Parity? What Is a Purchasing Power Index? What Does Purchasing Power Mean? Remember when you could buy two Mcdonald’s Big Macs with…
The U.S. government and automakers seem to be on the same page about transforming the country’s car culture from one based on an internal combustion engine to one based on battery-powered electric vehicles. Both sides seem to understand that such a large change will require tens of billions of dollars in investments before consumers migrate…
For all you parents out there: want your kids to get filthy rich? One path to great wealth is going to a first-class university. That’s what a study from global research firm Altrata shows. Here is its ranking of the top 10 U.S. universities in terms of the number of graduates enjoying a net worth…
Leading indicators are forward-looking. bymuratdeniz for iStockphoto; Canva What Is a Leading Indicator? What Is It Supposed to Predict?A leading indicator is a published report, data set, or statistic that is used to help predict where we are in the economic cycle, and if a trend is changing. Leading indicators are forward-looking, because they evidence…
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