Category: Economy
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BTG Pactual Launches International Accounts in the USA
BTG Pactual, the largest investment bank in Latin America, announces that it is starting to operate its international accounts in the United States. Gradually, clients will have access to a complete service platform, including instant currency exchange, debit cards, transfers, and investments. “We are very pleased to deliver a platform that meets the market demand…
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COVID Brought Wealth to American Families, But Racial Disparity Persists
American families managed to accumulate wealth during the COVID-19 pandemic, but Black and Hispanic families lagged behind White and Asian families at all income levels, according to a study by the Pew Research Center released on Monday (4). The Center analyzed data from the 2020 and 2022 Census to identify wealth disparities among racial and…
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Success of Unlimited Shrimp Promotion Brings Loss to Red Lobster
The parent company of Red Lobster, Thai Union Group, announced earlier this month that the seafood chain suffered an unexpectedly large loss in the third quarter of the year because its $20 shrimp promotion was not very profitable, but much more popular than the company had anticipated.
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More Than Half a Million People Left NY in 2022. Find Out Where They Went
It is no surprise that the cost of living in New York City is one of the highest in the country. With rising costs, extremely high inflation, and more flexible remote work options, it’s no wonder that many people have decided to move to more affordable areas. About 545,500 residents left the Empire State in…
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Consumer Spending Has Sustained the American Economy. That May Change
The American consumer spirit has kept the economy of the United States relatively strong, despite the highest inflation in the last two decades.
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Black Friday: History and Evolution of the Biggest Year-End Sales Event
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Although Black Friday doesn’t look like it used to – with crowded stores and customers pushing at the door – the traditional year-end sales event still attracts millions of consumers. The National Retail Federation (NRF) estimates that about 182 million people plan to shop in stores and online during the Thanksgiving holiday weekend. At the…
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As Millions Lose Coverage, States Rethink Medicaid Enrollment
Millions of people have been disqualified from Medicaid after the protections guaranteed by the Covid-19 pandemic expired about seven months ago. Many of these individuals, however, lost coverage for bureaucratic reasons and not necessarily because they do not qualify for the program. The so-called “unwinding” process, in which states are re-determining Medicaid eligibility for the…
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Drop in Airfares Excites Travelers Tired of Inflation
Airfares to many popular destinations have recently dropped to their lowest levels in months, providing relief to consumers frustrated with high prices for all types of goods and services. Earlier this month, the average price of a domestic flight for Thanksgiving fell about 9% compared to last year. And flights around Christmas were about 18%…
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“Tip Culture” Has Changed in the U.S., But for Many, the Rules Are Not Clear
Most Americans say they are being asked for tips more often than in the past, according to a survey by the Pew Hispanic Center. About seven in ten U.S. adults (72%) say they expect to be asked for tips in more places than they did five years ago, a statistic dubbed “Tipflation.” The rise of…
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What Happens to Credit Card Debt When You Die?
It’s a morbid but common concern: what happens to your credit card debt when you die? If we consider that the average credit card balance per person in the United States is $6,365 in 2023, the likelihood of someone unexpectedly dying and leaving an unpaid credit card balance is significant. What happens to your credit…