Kenneth Wilcox

In light of mounting concerns regarding the US’s ballooning fiscal deficit, JPMorgan Chase CEO Jamie Dimon has urged the government to take immediate action to decrease its spending levels. Speaking to Sky News on Wednesday, Dimon warned that failing to address the issue would result in a “far more uncomfortable” problem in the future.…

The current mortgage rates as of May 15, 2024, are as follows: * 30-year fixed-rate mortgage: 6.990% * 15-year fixed-rate mortgage: 6.250% These rates are unchanged from the previous day. It’s recommended to always check today’s rates before applying for a loan, as they can fluctuate daily. When applying for a mortgage, various factors…

The latest data shows that U.S. retail sales remained stagnant in April, with no growth recorded compared to the previous month. This surprising development follows a slight downward revision to the 0.6% increase in sales observed in March, previously reported as 0.7%. Analysts had predicted a 0.4% rise in sales during April. Despite this,…

Small business owners face significant challenges in navigating economic uncertainty and staying resilient, according to a survey by Capital One. The study revealed that over 1,000 small business owners with less than $20 million in annual revenue and at least one employee experience high levels of stress, anxiety, and burnout as a result of…

Based on the latest information provided, it appears that Charles Schwab’s acquisition of TD Ameritrade has not been without issues. Many customers have expressed frustration with the transition process, citing difficulties with the new platform and interface. Some users reported being locked out of their accounts during the transition and experiencing longer-than-expected wait times…

Inflation in the United States decreased slightly in April, according to the latest Consumer Price Index (CPI) report released by the government. The report revealed that the monthly inflation rate declined from 0.4% in March to 0.3%, while experts predicted a figure of 0.4%. This decrease brought the total yearly inflation rate to 3.4%,…

The recent surge in bitcoin prices has caused an increase in demand for crypto wallet recovery services, with phone lines at such companies ringing off the hook as retail investors struggle to regain access to their digital wallets. Cryptocurrencies such as Bitcoin are accessed through locally stored software wallets or hardware wallets, which can…

A recent article by Bloomberg discusses the relationship between financial conditions and the broader economy, specifically regarding the current state of the US stock market and the Federal Reserve’s efforts to combat inflation. Although the stock market has seen a significant rally, with equity capitalization increasing by approximately 38% of GDP over the past…

The recent surge in meme stocks, including GameStop and AMC Entertainment, has drawn comparisons to the 2021 phenomenon driven by social media discussions. However, there are significant differences in 2024. While both stocks saw dramatic gains of 74% and 32% on Tuesday, they also experienced significant sell-offs throughout the day. Other familiar meme stocks…

Circle, the creator of the second-largest stablecoin, USDC, is planning to relocate to the United States before potentially going public there. The firm, which recently submitted court documents for the move, is currently headquartered in the Republic of Ireland. Circle announced its intention to list shares publicly in the US in January, having previously…