Tag: Economy

SoftBank founder Masayoshi Son has a long history of pitching grand visions. “We only live once, so I want to think big,” he said, and his new idea definitely lives up to the billing. The billionaire investor is pitching an idea to convert large swaths of U.S…

How to talk to your family about the economy over the holidays

While 2025 has brought with it countless airline bankruptcies as smaller carriers struggle to compete for passengers and the rising cost of operations, the closure of an entire airport is a more drastic step that usually comes amid a major change in demand or redevelopment in a given area…

Wall St edges higher as economic data boosts Fed rate-cut bets

The 30-year fixed mortgage rate average in the U.S. began 2025 at 6.93% on Jan. 9, according to the Federal Reserve Bank of St. Louis (FRED). On Dec. 4, 2025 FRED reported that the mortgage rate had fallen to 6.19%. Real estate technology company Zillow, while acknowledging that forecasting …

Mexican restaurant chains have been battling economic challenges this year, as they face rising costs of labor and food products driven by inflation, higher interest rates on their debt obligations, and consumer reluctance to spend money on dining out in uncertain times. Dining chain operators have …

Wall Street always loves a good consensus, especially when the stock market’s rip-roaring. That’s exactly when Bank of America’s fresh 2026 forecast becomes all the more interesting. According to a Business Insider report, while every major Wall Street firm dishes out a double-digit target for the …

FCA may refine motor finance redress plan on convincing feedback

Over the past six months, Broadcom’s stock has gained 59%. A significant boost to the stock in September was the Q3 earnings reveal that Broadcom secured $10 billion worth of orders for artificial intelligence racks, based on the company’s XPUs (XPUs are custom AI accelerators) from OpenAI…

China’s central bank vows crackdown on virtual currency, flags stablecoin concerns