It is getting more expensive to own and maintain a car. Drivers in the United States are paying an average of $2,500 annually for car insurance, which is 26 percent more than last year, according to a new report by Bankrate. Bill Dendy, a CPA and certified financial planner with Alicorn Investment Group, told NTD […]
Home prices rose in October as lackluster housing supply continues to prop up the U.S. real estate market despite higher mortgage rates. According to the Federal Housing Finance Agency (FHFA), the average prices of single-family homes with mortgages guaranteed by Fannie Mae and Freddie Mac climbed 0.3 percent in October. This was down from an […]
BEIJING—China’s economy stumbled in May with industrial output and retail sales growth missing forecasts. The economic rebound seen earlier this year has lost momentum in the second quarter, prompting China’s central bank to cut some key interest rates this week for the first time in nearly a year, with expectations of more to come. “The […]
LONDON—The European Central Bank raised interest rates for the eighth successive time, as expected, on Thursday and signalled further policy tightening, as it battles high inflation. The central bank for the 20 countries that share the euro also said it expected inflation to stay above its 2 percent target through 2025 and hinted once again […]
Former President Donald Trump released a campaign video saying he would investigate the rising rates of autism and other chronic illnesses across the United States if he’s elected in 2024. “In recent decades, there has been an unexplained and alarming growth in the prevalence of chronic illnesses and health problems, especially in children,” Trump said, […]
In a recent statement following its comprehensive assessment of U.S. policies, the International Monetary Fund (IMF) emphasized the need for the United States to maintain higher interest rates for an extended period to curb inflation. Additionally, the IMF urged Washington to adopt stricter fiscal measures to address the country’s mounting federal debt. Despite the U.S. […]
The pound has plunged to an all-time low against the U.S. dollar after the chancellor’s recently unveiled tax cuts shook confidence in the UK market. Experts have warned the drop in the pound’s value will send the cost of goods soaring yet higher, while government borrowing will become more expensive.
FRANKFURT—The European Central Bank raised interest rates by an unprecedented 75 basis points on Thursday to tame runaway inflation, even as a recession is now increasingly likely as the bloc has lost access to vital Russian natural gas. The ECB lifted its deposit rate to 0.75 percent from zero and raised the main refinancing rate […]
The COVID-19 vaccination rates for small children have already peaked just weeks after two of the vaccines were authorized for the age group, according to a new analysis. U.S. officials in mid-June authorized and recommended the Pfizer and Moderna vaccines for virtually all children aged 6 months to 5 years. Uptake of the vaccines among […]
Renowned investor Ray Dalio told an Australian newspaper in a recent interview that he thinks central banks across the world will be forced to reverse their current paths of monetary tightening and cut rates in 2024 after their economies suffer from stagflation. Dalio, the billionaire founder of Bridgewater Associates LP, told the Australian Financial Review […]
Three United States military doctors have blown the whistle on documents allegedly from The United States Department of Defense (DoD) that they had access to, which show “skyrocketing rates of disease” since the introduction and mandating of the CCP virus vaccines in armed forces, human rights attorney Leigh Dundas told The Epoch Times. Dundas was recently […]
SYDNEY—Australia’s top central banker made an explicit case on Aug. 17 for rates to remain at record lows for some time yet as inflation stays lukewarm while there is still some spare capacity in the labor market. “The Board’s view is that it is likely that we will hold steady for a while yet,” Reserve […]
