Finance
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New York’s EBT system changes have been completed and the system is expected to become unavailable starting at 12:01 a.m. on Sunday, May 19 and will last until the late afternoon the same day. The outage will only affect EBT cardholders, which means they will not be able to access food or cash purchases/withdrawals. The […]
Credit card delinquencies are on the rise, as research from the New York Federal Reserve shows nearly a fifth of borrowers are “maxed-out.” According the new report, issued by the bank’s Center for Microeconomic Data, household debt rose by 1.1 percent, or $184 billion, in the first quarter of the year, bringing the total to $17.69 […]
On May 16, 2024, the Dow Jones Industrial Average briefly surpassed 40,000 points for the first time, reflecting investor confidence in an economic soft landing. This milestone follows strong earnings reports, with 77% of companies beating estimates. The Dow, weighted by share prices, often lags behind the S&P 500, which is market value-weighted and more […]
ROCHESTER, N.Y. — The U.S. Attorney’s Office for the Western District of New York has expanded its investigation into a COVID-era cleaning supply scam, revealing $8 million in fraudulent billings. From January 2019 to January 2022, the defendants billed 5,458 businesses for cleaning products under fake company names. Exploiting the pandemic, they sent small, seemingly […]
Rents jumped 30.4% nationwide between 2019 and 2023, while wages during that same period rose 20.2%, according to a recent analysis from online real estate brokers Zillow and StreetEasy. The gap between wage growth and rent increases was widest in large cities, including Atlanta; Charlotte, North Carolina; and Miami, Phoenix and Tampa. Other cities where […]
New York’s EBT system will experience a temporary shutdown on May 19, 2024, from midnight to 11 a.m., to facilitate a system transition. This outage will affect all EBT cardholders in New York, preventing them from using their cards for food and cash transactions during this period. Additionally, the customer service helpline, app, and online […]
Issues with the new Free Application for Federal Student Aid (FAFSA) form have caused severe disruptions in the college admissions process. A delayed rollout and technical glitches have prevented timely delivery of financial aid information, leaving many high school seniors uncertain about their college costs for the upcoming year. This uncertainty complicates their decision-making ahead […]
Currently, mortgage rates are around 6.9%, significantly reduced from the near 8% peak in late October, the highest in 23 years. Economists anticipate these rates to drop further later in the year, which could increase buyer competition due to more attractive financing options. However, this could also lead to higher home prices. Danielle Hale from […]
The Forbes World’s Billionaires list: Rihanna, Tyler Perry, and Oprah Winfrey, and this year Taylor Swift. George Lucas Net Worth: $5.5 Billion | Age: 79 | Citizenship: U.S. The Star Wars director, who debuted as a billionaire in 1997, is the richest celebrity thanks in large part to his production company LucasFilm, which he sold […]
The Consumer Financial Protection Bureau (CFPB), under the direction of Rohit Chopra, is taking significant steps to address the issue of medical debt in the U.S. Recognizing the financial strain that healthcare costs place on millions of Americans, the CFPB is developing regulations to exclude medical bills from consumer credit reports. This initiative aims to […]
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