Candy prices in the United States are soaring right before Halloween due to rising inflation. American consumers are expected to spend a record $10.14 billion on Halloween this year, up from $8.05 billion in 2021, according to the National Retail Federation. Trick-or-treating and Halloween parties are making a comeback after the pandemic curtailed such festivities….
Cost of Candy Soars by Record 13.1 Percent Before Halloween
October 14, 2022
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Jobless Claims Rise More Than Expected Due to Losses Incurred by Hurricane Ian
October 13, 2022
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U.S. jobless claims rose more than expected last week, for the highest level of claims since late August, after Florida was hit by Hurricane Ian. The labor market has remained strong overall, and many firms are still hoarding workers even as the economy begins to slow, and many positions remain open. Initial unemployment claims inched…
Housing Tips for a Comfortable and Affordable Retirement
Having your affairs in order to prepare for retirement isn’t as cut-and-dried as a simple dollar amount. There’s also the consideration of what you want an affordable retirement to look like and what you’ll be doing on a day-to-day basis. With housing alone, there are numerous ways that retirement can vary from person to person….
Closing Prices for Crude Oil, Gold and Other Commodities (Oct. 13)
October 13, 2022
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Benchmark U.S. crude oil for November delivery rose $1.84 to $89.11 a barrel Thursday. Brent crude for December delivery rose $2.12 to $94.57 a barrel. Wholesale gasoline for November delivery rose 7 cents to $2.70 a gallon. November heating oil rose 16 cents to $4.09 a gallon. November natural gas rose 30 cents to $6.74…
How Major US Stock Indexes Fared Thursday Oct. 13, 2022
Wall Street staged its biggest comeback in years as stocks roared back from steep morning losses caused by a worse-than-expected report on inflation. The S&P 500 jumped 2.6 percent Thursday, a stunning reversal after earlier being down as much as 2.4 percent and touching its lowest level in nearly two years. The Dow and Nasdaq…
How Many Years Until You Retire
When it comes to retirement, there is no one size fits all approach. For instance, some people have decided to join the Financial Independence, Retire Early (FIRE) Movement in order to retire early—sometimes in their 30s or 40s. In contrast, others continue working until their 60s or 70s before they retire. According to the Social…
Tax Credit for Electric Vehicle Chargers Is Back
By Kelley R. Taylor From Kiplinger’s Personal Finance Question: Is there any tax break for installing an electric vehicle charging station at my home? Answer: Yes. The Inflation Reduction Act, signed into law in August, revived a tax credit for Electric Vehicle (EV) charging stations and EV charging equipment that had expired at the end…
Get Up to $3,600 on the Child Tax Credit—Even If You Already Missed It
October 13, 2022
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After the American Rescue Plan Act of 2021 had passed, it included money for needy families with children. The expanded child tax credit (CTC) enables families to receive up to $3,600 per child, but only through the end of the year. Then the credit reverts to $2,000 per child. The plan raised the amount of…
Details of Over 1.2 Million Credit Cards Leaked Onto DarkWeb BidenCash Website
October 13, 2022
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The credit/debit card details of over 1.2 million people worldwide have been leaked onto a dark web site called BidenCash. Cyble, a global threat intelligence provider, found that the leaked database contains information including card numbers, expiry dates, CVV numbers, and emails of consumers across the globe, including the United States and Australia. “The subject…
5 Investments Likely to Thrive in a Downturn
October 12, 2022
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Whether you’re a business owner or concerned about your personal finances, you’ve likely been tuned in to current news about the economic status of the country. There’s been a lot of talk about recessions and at-risk investments in the past few months. Whether we’re in one, about to enter one, or far away from one,…
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