French economy stalled again in second quarter
The French economy stalled again, posting zero growth in the second quarter, according to statistical agency INSEE. The country has now registered two consecutive...
Student debt undermines wealth accumulation
Student debt undermines wealth accumulation, with households headed by young adults burdened with student debts building up wealth far more slowly than their student-debt-free...
Internet speed fuels property prices
Researchers from the London School of Economics and Imperial College Business School found that internet speed fuels property prices. Londoners are willing to pay...
Older U.K. adults face less cybercrime than younger adults but suffer greater financial impact
A new study has found that adults aged 75+ years are more likely to repeatedly experience cybercrime and related financial losses than other adults.
The...
Vultr raises $333M to scale GPU fleet amid AI cloud computing boom
Vultr, a privately-held cloud infrastructure provider based in West Palm Beach, Florida, announced fresh funding this week that puts the company’s valuation at $3.5...
Investment Bank Goldman Sachs Reports $2.99 Billion in Profits
Investment bank giant Goldman Sachs reported a whopping $2.99 billion in Q3 profits - surpassing what analysts had expected, with revenue up 7% to...
Federal Reserve lowers rates but warns of slower easing in 2025
The Federal Reserve lowered its benchmark interest rate by a quarter of a percentage point on Wednesday, moving the target range to 4.25% to...
US makes canceling subscriptions eaiser for consumers with “click to cancel rule”
In what many consider a huge win for consumers, the US Federal Trade Commission (FTC) has made canceling subscriptions easier.
The new "click to cancel...
Study finds electricity market ‘choice’ often costs consumers more
The retail electricity market in Ohio, USA, where consumers can choose from a range of energy providers, has fewer bargains than cost-increasing offers, researchers...
US monthly retail sales rose by 0.4% in September
The U.S. Census Bureau reported a 0.4% increase in retail sales in September. According to the preliminary report, total monthly retail sales were $714.4...