Pennsylvania's wine and spirit sales have taken a hit, marking only the second time in 30 years this has happened. The latest figures show a drop to $3. 16 billion for the fiscal year 2024-25, a small but notable decrease from the previous year. This decline is part of a bigger trend. People are cha
Black Friday online shopping reached a new high. Americans spent $11. 8 billion online. This is a 9. 1% increase from last year. Adobe Analytics shared this data. They track over 1 trillion U. S. retail site visits. The spending spree did not stop there. Shoppers are expected to spend $5. 5 billion
In Virginia, people are planning to spend less this holiday season. A recent survey shows that households expect to spend about $1, 035, which is less than last year. They are focusing more on gifts and cutting back on other things like clothes, electronics, and going out. This trend is not just in
Gen Z is taking the lead in Black Friday shopping, while older generations prefer to wait until closer to Christmas. This trend is highlighted in a recent survey, which shows that 40% of Gen Z and 32% of millennials plan to do most of their holiday shopping on Black Friday. The allure of Black Frida
The stock market had a rough day, with the Dow Jones Industrial Average losing 400 points. This isn't just a small blip; it's a notable drop that has caught everyone's attention. The tech sector, in particular, is feeling the pinch, with big names like Nvidia and Palantir seeing their stock prices f
Gold prices have been on a wild ride lately, catching the attention of investors and economists alike. This precious metal has a history of being a safe bet during uncertain times, and it seems to be living up to that reputation once again. So, what's behind this sudden spike? Well, there are a few
The Federal Reserve faces a tricky situation. Inflation is rising, and the job market is weakening. This puts the Fed in a tough spot as it prepares to cut interest rates. Inflation went up by 2. 9% in August compared to last year. This is the biggest jump since January. Even without food and energ
Buying a home has been tough lately. Prices keep going up, and so do mortgage rates. But there's some good news. Experts think things might get better by 2030. First, let's talk about what "normal" means. A home is usually considered affordable if it costs about 30% of your income. That's the stand
The real estate market is feeling the pinch. In May, sales of new single-family homes took a nosedive, plummeting by 13. 7% compared to April. This drop brought the sales figure down to 623, 000 units on a seasonally adjusted, annualized basis. To put that into perspective, it's not just lower than
The housing market is finally showing signs of slowing down. After a wild ride during the pandemic, prices are starting to cool off. In April, home prices only went up by 2. 7% compared to the same time last year. That's a big drop from the 3. 4% increase seen in March. It's the smallest gain in alm
