Personal Finance

Banking crisis may lead to recession: Fannie Mae

Following recent banking closures, Fannie Mae predicts a recession will take place in the second half of 2023. Meanwhile, Americans continue dealing with an uncertain interest rate environment and high inflation.

Gold nears record on weaker economic data

The price of gold is nearing a record as the latest JOLTS report showed job openings are down as manufacturing activity slows, weakening the U.S. dollar against the euro and pound.

Trump's indictment hits net worth, Truth Social

Former President Donald Trump’s net worth has fallen from $3.2 billion last fall to $2.5 billion today after being indicted and losing money on social media venture Truth Social.

U.S. bank deposits fall for the first time since 1940s

U.S. bank deposits fell year-over year in 2022 as debt reached record highs, according to reports. Inflation and rising interest rates contributed to these trends and persist today, triggering fears of banking collapses and recession.