FTC Fines Williams-Sonoma $3.2 Million Over Misleading “Made in USA” Labels

One company has received a record-breaking fine over misleading labels on their products.  $3.2 Million Settlement Kitchenware and furnishings retailer Williams-Sonoma will have to pay almost $3.2 million for violating a Federal Trade Commission order. Misleading Customers The company has been charged with using misleading advertising for its products, in particular labeling certain products as … Read more

U.S. on Brink of Debt-Induced Financial Crisis According to Billionaire Leon Cooperman

Another high-profile financial figure has stepped forward to warn about the potential impacts of the US trillion-dollar national debt. Cooperman Speaks Out The US is being nudged ever closer to a financial crisis as a result of trillion-dollar debt, according to billionaire investor Leon Cooperman. Interview With CNBC In an interview with CNBC on Tuesday, … Read more

Alphabet Inc. Announces First Ever Dividends and a $70 Billion Buyback

It’s looking to be a good week for Alphabet, as Google’s parent company soars in value on the stock market due to recent announcements for investors. Dividends and Buybacks Alphabet Inc., the parent company of tech behemoth Google, announced on Thursday that it will be issuing its first-ever dividend to investors, as well as authorizing … Read more

Minneapolis Smokers Brace for Highest Prices in U.S. at $15 per Pack

Minnesota‘s most populous city has made the controversial move to raise minimum cigarette prices, making prices the highest in the U.S. A Unanimous Vote In a bid to improve public health, the Minneapolis City Council voted unanimously for an ordinance that will raise the minimum retail prices for cigarettes. The Highest in the Nation It’s … Read more

Hopeful Millennials Face Tough Economic Truths About Early Retirement

Younger generations in the US may not yet understand how much retirement expectations are changing with the economy, according to recent surveys. Economic Turbulence Millennials, who are between 28 and 44 years old, have faced a lot of financial strife as a generation, including recessions, housing crises, and a pandemic that temporarily shut the whole … Read more

Is Alcohol the Root of Gen Z’s Financial Hardship?

Drinking habits are having an unprecedented effect on the younger generation’s financial health and vice versa, according to several new studies.  Alcohol to Blame According to a new report by online lending marketplace LendingTree, Gen Z are increasingly blaming their drinking habits for their financial struggles, saying that drinking too much alcohol is stunting their … Read more