Personal Finance
Responding to consumer preferences for larger, roomier vehicles, car makers substantially increased production of SUVs over the past decade. Signs are now beginning to appear that the market is saturated and this bodes well for consumers. Too many cars and not enough buyers could lead to a price war at dealerships looking to unload inventory. […]
Billionaire investor Leon Cooperman, chairman and CEO of Omega Advisors, believes that the stock market is in a “zone of fair value” at present levels. Nevertheless, he has recently taken to warning that a sharp move higher in stocks could alert investors to begin a “the close-out move,” meaning the end of what has been […]
Until recently, Google collected a plethora of your personal private data for targeted advertisements, all done largely without your knowledge. Google now offers you ways to limit how it uses your data. Of course, you are free to fine tune your settings to meet your particular needs, but the recently disclosed privacy preferences go a […]
Why are many Americans not saving enough for retirement? While there are many explanations, the real reason is that many don’t make enough money. Yes, the world’s richest country is somehow home to many of its poorest, at least relative to the high earners we have. Here are some unpleasant facts about American incomes to […]
In the United States, the average person spends about $160 on a wedding gift. In Japan, however, gift-giving can be an extremely involved, ceremonial and traditional process. It gets obscenely expensive, too. Like specialty, artisanal fruits. They are given as luxury items in Japan. In addition, local businesses aggressively bid on specialty fruits for bragging […]
The world’s demand for cars will decrease by 3% this year in a phenomenon analysts are calling “peak car.” More than half of millennials say that owning a vehicle is not worth the expense or maintenance responsibilities. While the overall demand for cars is slowly declining, the demand for pricey pickup trucks has only been […]
A growing number of economists are predicting a recession next year. And then there is Gary Shilling. Shilling believes that the United States economy is currently in a recession. He has accurately predicted past recessions. Most notably, Shilling repeatedly sounded the alarm over subprime loans. These loans led directly to the housing bubble bursting in 2008 and subsequently […]
The average American making $50,000 annually deducts about $2,900 from taxes for charity donations. It’s a lot of money, but the really big donations come from wealthy families and companies who can afford to donate billions of dollars at a time. Now two titans of business have announced their plans to personally give billions to […]
One of the most expensive things you may ever pay for in life is medical care. The average American spends about $7,000 annually on their prescription medications. In the third quarter of 2018 alone the top 14 pharmaceutical companies made nearly $30 billion in profits. If you are suffering from more serious or ultra-rare medical conditions […]
A Chinese engineering student in Oregon named Quan Jiang is accused of scamming Apple out $900,000. The startling crime shows how easy it is to scam a tech giant via warranty repair programs. The scam is complex, breathtaking in its brazenness, and it’s astonishing that Jiang got away with it for as long as he […]
