What to expect in a typical recession

What to expect in a typical recession

There has been a lot of chatter recently about the possibility of a recession. Yet what exactly does that mean — and what would a potential downturn look like? A recession is defined as “a significant decline in economic activity that is spread across the economy and that lasts more than a few months,” according … Read more

Disney, Apple and Amazon keep waiting as NFL considers Sunday Ticket offers

Disney, Apple and Amazon keep waiting as NFL considers Sunday Ticket offers

DK Metcalf, of the Seattle Seahawks, during a Meet & Greet with DIRECTV NFL SUNDAY TICKET subscribers at the DIRECTV NFL SUNDAY TICKET Lounge on Saturday Feb. 1, 2020, in Miami, FL. Peter Barreras | AP Disney, Apple and Amazon have all submitted bids to become the new broadcast rights owner of the National Football … Read more

Tesla to pay workers’ abortion travel costs after Texas move

Tesla to pay workers’ abortion travel costs after Texas move

Tesla has committed to covering travel-related expenses for employees who are forced to go out of state to have an abortion after Elon Musk’s electric car outfit recently relocated to Texas, where the governor has vowed to outlaw the procedure. Musk has been hailed by conservatives for his pledge to acquire Twitter and alter its … Read more

Spurred by Roe overturn, senators seek FTC probe of iOS and Android tracking [Updated]

Spurred by Roe overturn, senators seek FTC probe of iOS and Android tracking [Updated]

Four Democratic US Senators today asked the Federal Trade Commission to “investigate Apple and Google for engaging in unfair and deceptive practices by enabling the collection and sale of hundreds of millions of mobile phone users’ personal data.” “The FTC should investigate Apple and Google’s role in transforming online advertising into an intense system of … Read more

Nearly half of all Maine tenants cannot afford rent, new study says

Deering Place resident Lucas Bonica speaks during Wednesday’s grand opening celebration of the affordable housing development built by Avesta Housing in downtown Portland. A new Harvard University study indicates that 41.1 percent of Maine renters are cost-burdened by rent, with almost 20 percent of them being “severely” cost-burdened. Shawn Patrick Ouellette/Staff Photographer Rent has become … Read more

30-year mortgage rates slide even lower | June 23, 2022

Our goal here at Credible Operations, Inc., NMLS Number 1681276, referred to as “Credible” below, is to give you the tools and confidence you need to improve your finances. Although we do promote products from our partner lenders who compensate us for our services, all opinions are our own. Based on data compiled by Credible, … Read more

Small business pain points to recession

The Senate Banking Committee Hearing examines the Semiannual Monetary Policy Report to Congress with Fed Chair Jerome Powell. In testimony before Congress Wednesday, Federal Reserve Chairman Jerome Powell confirmed what Americans already know: historic inflation is not mainly a result of Russia’s war in Ukraine, and the Fed’s interest rate hikes may cause a recession. … Read more

Premarket stocks: Falling copper prices send recession warning

“Copper prices are just starting to account for the fact that global growth is slowing,” Daniel Ghali, director of commodity strategy at TD Securities, told me. The metal is used in many construction materials, including electrical wires and water pipes. That means it’s often viewed as a proxy for economic activity, since demand tends to … Read more