“People don’t know what to do. They’re frozen,” said Jimmy Becker, a financial planner from Waltham who founded the company Financially Speaking. Becker said he doesn’t sense panic among his clients, but he has seen plenty of “anxiety or discomfort with no sense of what to do.” This week’s roller-coaster ride on the stock market…
The wealth of the world’s billionaires grew at roughly $5.7 billion (€5.5 billion) per day last year, according to Oxfam’s annual report on the financial affairs of the richest people on earth. Meanwhile, the number of people living in poverty has barely changed since 1990, according to the World Bank. Oxfam’s latest research reveals the…
Donald Trump, who made criticizing high prices a campaign mantra as voters struggle with the lingering effects of 2022′s post-pandemic inflation spike, is set to take office with an economy that experts agree is healthy. All the key data points ― notably inflation, which is nearly back down to normal — are trending in the…
This decision, announced by the chronically embattled Post chief executive officer Will Lewis, came after Los Angeles Times owner Patrick Soon-Shiong killed that organization’s endorsement of Kamala Harris. The Post editorial board had also planned to endorse Harris before Bezos killed it. It would be easy to call this a dark week in American media,…
For Rhode Island, the advent of a rate cut comes at a time when the unemployment rate has gone up while the labor market is seeing fewer jobs available for workers. Meanwhile, the housing market has registered record prices for homes amid elevated mortgage rates and limited supply of homes in the market. Get Rhode…