Author: Ben Zeisloft

Attorneys general from multiple conservative states and nonprofit organization Consumers’ Research filed motions seeking to prevent Vanguard from purchasing shares in publicly traded utilities out of a concern that the company’s climate change efforts will raise prices and decrease energy reliability. The motions filed with the Federal Energy Regulatory Commission argue that Vanguard should not …

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Pennsylvania Democrats successfully flipped the commonwealth’s House of Representatives by a single seat and plan to advance a “center-left” agenda, marking another significant midterm election loss for the Republican Party. Democrats in the Keystone State experienced considerable midterm victories after a forecasted red wave failed to materialize. Candidates flipped a net total of 12 districts, …

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Strive Asset Management executive chairman Vivek Ramaswamy balked at the possibility of a “central bank digital currency” in the United States during an interview with Fox News host Tucker Carlson. The entrepreneur rejected the notion that a digital dollar managed by the Federal Reserve would be beneficial for the economy, asserting that the project would …

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The opening of the holiday shopping season was the most robust on record, even in the face of inflationary pressures, supply chain bottlenecks, and other economic headwinds. A record 196.7 million Americans shopped online and in person during the five days between Thanksgiving and Cyber Monday, according to data released by the National Retail Foundation, …

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President Joe Biden called upon members of Congress to prevent a looming rail strike that would “devastate” the economy ahead of the holiday season. A strike could take place on December 9 as rail companies and labor unions fail to reach an agreement on matters such as health benefits and wage increases. Biden noted in …

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Black Friday revenues topped previous records despite elevated inflation and other economic tensions, according to data from Adobe Analytics. Businesses earned $9.1 billion in revenues on Black Friday, according to the computer software company’s business product. Americans are slated to spend $210 billion this season, exceeding the $205 billion spent in 2021 and the $188 …

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Hundreds of business groups called upon federal lawmakers on Monday to prevent a rail strike from crippling the economy ahead of the holiday season. A strike could take place on December 9 as rail companies and labor unions fail to reach an agreement. The letter, spearheaded by the U.S. Chamber of Commerce, demands that members …

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Cryptocurrency lender BlockFi filed for bankruptcy on Monday as a liquidity crisis continues to upend the nascent digital asset sector. Despite measures taken to protect the company from fallout related to defunct cryptocurrency exchange FTX, which was expected to acquire BlockFi, executives announced efforts to “consummate a comprehensive restructuring transaction that maximizes value” for stakeholders. …

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Home prices could fall between 15% and 20% in the wake of elevated prices induced by a variety of economic phenomena, according to a report from the Federal Reserve Bank of Dallas. Median home sale prices surged from $322,600 in the second quarter of 2020 to $454,900 in the third quarter of 2022, according to …

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Homebuyers in the United States must earn six-figure salaries in order to afford a median-priced home, according to an analysis from real estate brokerage Redfin. As housing prices remain elevated and the monthly mortgage payment on the typical home surges more than 45% since the same time last year to reach $2,682, the annual salary …

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