The United States has some of the highest levels of income and wealth inequality in the world. U.S. Federal Reserve data shows that the wealthiest 10% of Americans control $93.8 trillion, more than double the $40.3 trillion in the hands of the remaining 90% of Americans. The income and wealth divide only appears to be growing wider. A January 2020 […]
» Read moreStephen Sondheim, one of the giants of Broadway songwriting, died early Friday at his home in Roxbury, Conn. He was 91. Attorney F. Richard Pappas, announced the death, which he described as sudden. Sondheim had celebreated Thanksgiving with friends just a day ago, Pappas said. Sondheim’s catalog includes such works as “Company” (1970), “Follies” (1971), “A Little Night Music” (1973), […]
» Read moreRepublican Ohio Senate candidate J.D. Vance earned nearly $1 million in income in the runup to the launch of his. Vance, who wrote the bestselling memoir "Hillbilly Elegy," is an ally of billionaire tech investor Peter Thiel and an advocate for Trump-style conservative populism. Vance, a venture capitalist, has made targeting Big Tech a key focus of his campaign. Yet […]
» Read moreOnly one earnings report of interest was released Friday morning. Chinese e-commerce company Pinduoduo missed sales estimates by a mile and the stock is getting hammered down in early trading. Next week’s top earnings releases include expected reports from a Chinese EV maker, one Dow 30 stock, a chipmaker, an enterprise software company, and a supermarket chain. There are no […]
» Read moreSouth African Health Minister Joe Phaahla said that new travel restrictions amid concerns over a heavily mutated Covid variant are "unjustified." He slammed other nations for "wanting to put blame" and ascribe the variant to South Africa rather than working collaboratively to address the situation as guided by the WHO. Phaala said preliminary studies suggest the variant may be more […]
» Read moreThe United States will restrict travel for non-U.S. citizens from South Africa and seven other countries starting on Monday as a new Covid variant emerges. President Joe Biden was briefed on Friday by White House chief medical advisor Dr. Anthony Fauci. The briefing came as other nations announced travel restrictions on southern Africa. In addition to South Africa, the affected […]
» Read morePensioner says she'll 'go to jail' over BBC TV licence fee We use your sign-up to provide content in ways you’ve consented to and to improve our understanding of you. This may include adverts from us and 3rd parties based on our understanding. You can unsubscribe at any time. More info Pensioners at a residential care home in Worcester have […]
» Read moreBLACK Friday is the perfect time to pick up a bargain and eBay has a banger of a deal for gamers. Right now, you can grab the Nintendo Switch for just £239.99 at ShopTo on eBay — the lowest price on the site today! £60 off the Nintendo Switch at eBay — buy here Usually retailing for £299.99 on the […]
» Read moreKevin O'Leary loves a good deal, but he's not waiting for holiday prices to drop any further this year. The "Money Court" judge and chairman of O'Shares ETFs tells CNBC Make It that supply chain issues are poised to wreak havoc on Christmas lists all over the country, and that consumers who want to put presents under the tree should […]
» Read moreThe greenback is breaking out. The U.S. dollar this week climbed to highs not seen since July 2020 after Federal Reserve Chair Jerome Powell was renominated to the position. That decision gave a somewhat clearer outlook for monetary policy in the year ahead, including the likelihood of coming rate hikes. Common wisdom is that multinational stocks tend to underperform when […]
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