Author: Arabian Media staff
Recessions are tough for most people. Businesses may downsize, workers worry about layoffs, and households often tighten their budgets. But not every industry suffers during economic downturns. Some businesses actually thrive during a recession, either because they provide essential services, help people save money, or offer affordable alternatives to higher-cost options. Here are nine sectors and professions that tend to hold steady or even grow when the economy slows. Key Takeaways Not all businesses and industries feel the same pain during economic downturns.Some businesses benefit as consumers cut back on various products and services. These companies may offer cheaper alternatives…
According to data from the U.S. Department of the Treasury, at least $35 billion in matured U.S. savings bonds are unclaimed, suggesting a widespread lack of understanding about when they mature. For millions of Americans, savings bonds are a stalwart of conservative investing strategies. But many don’t know how long savings bonds take to reach their face (or par) value. While some bonds mature in as little as a year, others can take up to 30 years to fully mature. The timing depends on the characteristics of the bond and the value at which it was sold. Generally, a savings…
As home builders aggressively slash prices to boost sales, prices of newly built homes are coming down. Source link
Many borrowers believe that when the Federal Reserve (Fed) cuts interest rates, they’ll see immediate relief in borrowing costs associated with financial products like personal loans, credit cards, installment loans, or mortgages. However, the reality is a bit more complicated. The Fed cut rates three times in 2024, and many economists anticipate that it may cut its interest rate again in September of this year after likely holding rates steady at its upcoming meeting later this month. These rate cuts do translate into lower borrowing costs for consumers, but it takes time for these cuts to impact most consumer borrowing rates,…
UnitedHealth Group’s stock fell Thursday after the company confirmed government criminal and civil investigations into its Medicare practices but stressed that it doesn’t expect to be charged with any wrongdoing. Source link
U.S. economic activity grew at a sharply higher rate in July, a pair of S&P surveys of purchasing managers found — though the growth was concentrated in the services sector, while manufacturing struggled. Source link
Coca-Cola will soon introduce a cane-sugar version in the U.S. as an alternative offering. Source link
Analysts note new tax provisions could be giving the large technology companies more flexibility to invest in chips and other AI infrastructure. Source link
Client Challenge JavaScript is disabled in your browser. Please enable JavaScript to proceed. A required part of this site couldn’t load. This may be due to a browser extension, network issues, or browser settings. Please check your connection, disable any ad blockers, or try using a different browser. Source link
Don’t make cost of living your only consideration Source link