The U.S. Treasury’s interest expenditures are approaching a whopping $1 trillion, equating to a hefty 4% of the nation’s economy and even surpassing Tesla‘s entire market valuation. These findings are based on the most recent Bureau of Economic Analysis data, which shed light on the considerable financial strain the United States government is bearing as a result of interest payments on the national debt. The surge in interest expenses, which has almost doubled since January 2020, has been fueled by a combination of factors, including the Federal Reserve rate hikes driving up yields on government debt and a widening budget deficit. “Deficits have trended above our economists’ expectations throughout the fiscal year due to higher spending and lower than realized revenues,” Bank of America’s rates analyst Mark Cabana CFA recently stated in a note. Also Read: Rising Stars, Falling Trends: July’s Industry ETF Winners and Losers Chart: U.S. Interest Rate Bill Approaches $1 Trillion A ...Full story available on Benzinga.com

Investing doesn't have to be hard.

Retiring as a millionaire is attainable for many Americans.

If you're doing any (or all) of these things, spend a few minutes this week realigning your plan with your long-term goals.

The Oracle of Omaha says using these three steps will make an "enormous difference."

Planning for retirement can be overwhelming, but future retirees can get a little more money from Social Security by following these suggestions.

More than half (55%) of Canadians surveyed say their incomes aren’t keeping up with inflation – despite 24% reporting an income increase and 34% who anticipate an increase More than half (55%) of Canadians surveyed say their incomes aren’t keeping up with inflation – despite 24% reporting an income increase and 34% who anticipate an increase

NEW YORK, July 06, 2023 (GLOBE NEWSWIRE) -- Global M&A suffered a record decline in the first half of 2023 as interest rate rises and economic uncertainty hit financing, according to research on completed deals from WTW’s Quarterly Deal Performance Monitor (QDPM)1.

Increased hashrate capacity by 25% month-over-month to 5.5 EH/s as of June 30, 2023

This year’s Fourth of July cookouts provide an opportunity for Americans to enjoy the holiday without breaking the bank. According to the American Farm Bureau’s Summer Cookout Survey, the average cost per person for a July 4th cookout has been reduced somewhat, making the holiday more affordable for American families. The average cost per person for a July 4th cookout, according to the survey, will be $6.77, down from $6.97 last year. However, as the Farm Bureau pointed out, despite a 3% decline from last year’s record high, prices are still 14% higher than they were two years ago, indicating the ongoing impact of inflation. Cost of Cookout Cooling Down The consumer price index report from the Bureau of Labor Statistics shows that the annual average inflation for meats, poultry, fish, and eggs remained relatively flat (0.3%) in May 2023 compared to the significant ...Full story available on Benzinga.com