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Author: Medora Lee, USA TODAY

Money

Americans began new businesses at record pace in 2021. Here’s how they’re doing.

October 7, 2022October 7, 2022 Medora Lee, USA TODAY Comments Off on Americans began new businesses at record pace in 2021. Here’s how they’re doing.

Facing 40-year high inflation, small business owners who can’t access traditional bank loans are using various forms of micro loans to stay afloat.

Money

Workers won’t be able to say “I quit” much longer as job openings fall

October 4, 2022October 4, 2022 Medora Lee, USA TODAY Comments Off on Workers won’t be able to say “I quit” much longer as job openings fall

There’s still 1.67 open jobs for each jobless American, but that’s fast changing as the labor market cools. Next year, 1.2 million jobs could be lost.

Money

Porsche shares power through market turmoil in one of Europe’s biggest market debuts

September 29, 2022 Medora Lee, USA TODAY Comments Off on Porsche shares power through market turmoil in one of Europe’s biggest market debuts

Shares in Porsche AG rose on their first day of public trading after Volkswagen raised $9.1 billion for one of the largest IPOs in European history.

Money

Health care costs are about to skyrocket. Analysts explain inflation’s drastic impact.

September 26, 2022October 27, 2022 Medora Lee, USA TODAY Comments Off on Health care costs are about to skyrocket. Analysts explain inflation’s drastic impact.

Increases in health care premiums are coming amid skyrocketing rent and food costs, and those higher costs are likely to stick around, analysts warn.

Money

As rates rise, the antidote to volatile stocks could now be bonds. Here’s why.

September 22, 2022September 23, 2022 Medora Lee, USA TODAY Comments Off on As rates rise, the antidote to volatile stocks could now be bonds. Here’s why.

Bonds are back after a crushing time of low rates, high inflation and economic uncertainty, analysts say. Yields are up and inflation’s stabilizing.

Money

Fed expected to raise interest rate today: Here’s how it could hit your wallet and portfolio

September 21, 2022September 21, 2022 Medora Lee, USA TODAY Comments Off on Fed expected to raise interest rate today: Here’s how it could hit your wallet and portfolio

The Fed is expected to raise rates by at least 75 basis points. Every consumer rate from auto and home loans to savings and credit card will follow.

Money

Seniors are the only age group with more poverty. Here’s why

September 19, 2022October 26, 2022 Medora Lee, USA TODAY Comments Off on Seniors are the only age group with more poverty. Here’s why

A million more seniors fell into poverty last year, the only age group to see a rise. Analysts say it’s only going to get worse as inflation soars.

Money

Winter bills will send shivers up your spine with energy prices set to rise, analysts say

September 16, 2022September 16, 2022 Medora Lee, USA TODAY Comments Off on Winter bills will send shivers up your spine with energy prices set to rise, analysts say

A potential spike in energy prices this winter could mean heating your home and filling your car with gasoline could cost you more this winter.

Money

What is “the merge”? The Ethereum crypto update token users are talking about, explained.

September 15, 2022September 15, 2022 Medora Lee, USA TODAY Comments Off on What is “the merge”? The Ethereum crypto update token users are talking about, explained.

Ethereum completes “the Merge” to become a proof of stake system to be more energy efficient. What that means to users and for the future of crypto.

Money

Rents are rising at fastest pace in 40 years. Why it’s bad for inflation, the Fed, and you.

September 13, 2022 Medora Lee, USA TODAY Comments Off on Rents are rising at fastest pace in 40 years. Why it’s bad for inflation, the Fed, and you.

Rents are rising at the fastest pace in 40 years. This could keep inflation hot, the Fed raising rates and consumers squeezed in coming months.

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