In numbers 90% – Gen Z who have have reduced their spending 70% – Gen Z experiencing more financial stress $13,300 – How much Gen Z have in cash savings on average Generation Z has been hit the hardest in the cost of living crunch, delaying reaching financial goals such as buying a house as the price of rent, groceries […]

Producer prices in the U.S. unexpectedly edged slightly lower in the month of February, according to a report released by the Labor Department on Wednesday. The Labor Department said its producer price index for final demand slipped by 0.1 percent in February after rising by a downwardly revised 0.3 percent in January. Economists had expected producer prices to increase by […]

video Should the Federal Reserve capitulate? OptionsPlay Director of Education and Product Jessica Inskip gives her take on how Fed Chair Powell should respond to high inflation on ‘Making Money.’ The Federal Reserve launched its war against inflation exactly one year ago to the day, kicking off the most aggressive interest rate hike campaign since the 1980s as it rushed […]

Pest control firm Rentokil Initial Plc. (RTOKY.PK,RTO.L) reported Thursday that its fiscal year 2022 profit before tax fell 9.1 percent to 296 million pounds from last year’s 325 million pounds. Earnings per share were 11.57 pence, down 18.3 percent from 14.16 pence a year ago. Adjusted profit before tax was 532 million pounds, compared to 416 million pounds last year. […]

France’s harmonized inflation rose more than initially estimated in February to hit a record high on higher food prices and services cost, final data from the statistical office INSEE showed on Wednesday. EU harmonized inflation advanced to 7.3 percent from 7.0 percent in the previous month. The rate was revised up from 7.2 percent estimated on February 28. The rate […]

German luxury carmaker BMW AG reported Wednesday weak net profit in its fourth quarter, while pre-tax profit grew with higher revenues and deliveries. The company also lifted its dividend. For fiscal 2023, Group profit before tax is projected to decrease significantly mainly on the absence of a prior year gain. In its core business, the company expects profitable growth in […]

video Meb Faber says he does not expect ‘contagion’ after SVB collapse Cambria Investment Management CIO and co-founder Meb Faber reacts to the Silicon Valley Bank collapse and casts his market predictions on ‘Barron’s Roundtable.’ Federal regulators on Sunday said New York-based Signature Bank was being shut down to protect consumers and the financial system following the collapse of California’s […]

video 5 things you can do to up your chances of winning lottery 7-time grand prize winner shares tips The winner of the record $2.04 billion-dollar Powerball jackpot has reportedly used his winnings to purchase a California mansion worth $22.5 million. Edwin Castro, who did not appear at the press conference announcing his win, took home a $997.6 million lump […]

China’s consumer price inflation eased markedly in February on weak demand following the Lunar New Year holidays and producer price deflation deepened further, official data showed on Thursday. Consumer prices grew 1.0 percent on a yearly basis in February that was weaker than the 2.1 percent gain in January, the National Bureau of Statistics said. This was the slowest pace […]

Retailer BJ’s Wholesale Club Holdings, Inc. (BJ) announced Thursday that profit for the fourth quarter increased 20.7 percent from last year, driven by improved gross margins and 13.1 percent revenue growth. Adjusted earnings per share and quarterly revenues topped analysts’ estimates. The company also initiated earnings guidance for the full-year 2023, below estimates. In pre-market trading on the NYSE, BJ’s […]