Tax & Finance
Many Americans spend their working life saving for retirement – but most remain woefully underprepared. The typical American between the ages of 55 and 64 has just $120,000 in a retirement...
26 days ago
To determine the nation’s 25 biggest public company bankruptcies of all time, 24/7 Tempo reviewed data on bankruptcy filings from BankruptcyData’s 2021 Bankruptcy Yearbook, Almanac &...
27 days ago
Between sales, property, capital gains, income and other taxes, the federal government collected $4.9 trillion in revenue in fiscal 2022. At an individual level, Americans pay over $10,000 in federal...
28 days ago
Amidst the early stages of the pandemic, there was a remarkable surge in home sales across the United States. The homeownership rate in the U.S. escalated from 65.3% to 67.9% between the first and...
1 month ago
Gold buying by central banks reached its highest level in 55 years this February 2023, according to the World Gold Council. The uptick in gold buying is part of a decades-long shift away from the...
1 month ago
Last year was the strongest year for gold demand since 2011, and demand was high largely because of purchases by central banks. Annual gold demand jumped 18% to 4,741 metric tons, aided by record...
2 months ago
Last Updated: 2 months ago
Last Summer, U.S. gas prices exceeded $5 for the first time in history. The causes included the end of the pandemic leading to an increase in demand, and the Russian invasion of Ukraine, resulting in...
2 months ago
The United States has long held the status as one of the most innovative countries in the world. This fact can be in part attributed to public funding of research and development projects. The U.S....
3 months ago
Corporations in the U.S. economy — both foreign and domestic — have forked out $96 billion since 2000 in U.S. penalties for price fixing and other anti-competitive actions in more than...
3 months ago
In a perfectly free market economy, prices are determined by the laws of supply and demand, resulting in equilibrium prices for goods and services. In our near-free markets, corporations set prices...
3 months ago
Last Updated: 3 months ago
This article was written with the assistance of A.I. technology, and has been edited and fact-checked by Melly Alazraki. Vermont has the highest effective tax rate of any state, according to the Tax...
4 months ago
This article was written with the assistance of A.I. technology, and has been edited and fact-checked by Melly Alazraki. Connecticut residents pay the most in state and local taxes in the United...
4 months ago
The Bureau of Labor Statistics released the consumer price index for April. The results were a surprise. After over a year of relatively high inflation, the pace slowed considerably. Consumer prices...
4 months ago
Last Updated: 4 months ago
The American consumer’s mantra for ages has been to “Charge it!” Purchasing with plastic keeps the flow of goods and services moving, and the economy humming. But in the past four decades,...
4 months ago
Last Summer, U.S. gas prices exceeded $5 for the first time in history. The causes included the end of the pandemic leading to an increase in demand, and the Russian invasion of Ukraine, resulting in...
4 months ago