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Posts published in “Financial”

Former President Donald Trump’s Fundraising Spikes After Grand Jury Indictment, New FEC Filings ShowImage courtesy of media-cldnry.s-nbcnews.com

Former President Donald Trump’s Fundraising Spikes After Grand Jury Indictment, New FEC Filings Show

By News Masher on April 16, 2023

Former President Donald Trump's main campaign committee raised $14.4 million in the first quarter of 2023, with donations spiking at the end of March due to his indictment. His joint fundraising committee raised an additional $4.4 million, for a total of $18.8 million. The filings suggest that the former President’s fundraising pace is similar to post-midterm weeks, and provide insight into the state of the race for the White House and Congress. It remains to be seen how the fundraising and spending of the various candidates and committees will evolve over the coming months.

Christine Lagarde Expresses “Huge Confidence” that US Will Not Default on DebtImage courtesy of media.cnn.com

Christine Lagarde Expresses “Huge Confidence” that US Will Not Default on Debt

By News Masher on April 16, 2023

Christine Lagarde expressed her “huge confidence” that the US will not default on its debt during an interview on CBS’ “Face the Nation” Sunday. She noted that if a debt default did occur, it would have a “very, very negative impact” both in the US and around the world. Lagarde discussed the global recovery and said that the US is a major leader in economic growth around the world and that it is important for the US to address the debt crisis in order to ensure a successful recovery.

Donald Trump Raises Over $18 Million in First Quarter of 2023 for 2024 White House RunImage courtesy of img.huffingtonpost.com

Donald Trump Raises Over $18 Million in First Quarter of 2023 for 2024 White House Run

By News Masher on April 16, 2023

Donald Trump has seen a surge in donations since being indicted by a Manhattan grand jury, raising a combined $18.8 million in the first quarter of 2023. His campaign has suggested that his legal woes have energized his base and helped him to raise more funds for his 2024 White House run. The former president's fundraising figures are likely to be closely watched as the 2024 presidential election draws closer.

USPS Seeks Approval to Raise Price of First-Class Mail Stamps by 4.8%Image courtesy of media-cldnry.s-nbcnews.com

USPS Seeks Approval to Raise Price of First-Class Mail Stamps by 4.8%

By News Masher on April 11, 2023

The U.S. Postal Service has proposed a 4.8% increase in the price of first-class mail stamps, from 63 cents to 66 cents, to offset inflation. If approved, this would be the fifth price increase since 2019. Postal experts have criticized the proposal, noting that customers are paying more while getting less for their money. The Postal Regulatory Commission will review the proposal and make a decision in the coming weeks.

Tupperware Struggles to Remain Viable as Financial Difficulties MountImage courtesy of assets3.cbsnewsstatic.com

Tupperware Struggles to Remain Viable as Financial Difficulties Mount

By News Masher on April 11, 2023

Tupperware, the iconic food storage brand, is facing financial difficulties and may have to close up shop. The company has hired advisers to help turn around the company, and is now working to restructure its debt and find a way to stay in business. Tupperware is urging its customers to continue to support the brand as it works to remain viable.

Tupperware Warns of Potential Bankruptcy as it Struggles to Stay Afloat Amid the PandemicImage courtesy of assets3.cbsnewsstatic.com

Tupperware Warns of Potential Bankruptcy as it Struggles to Stay Afloat Amid the Pandemic

By News Masher on April 10, 2023

Tupperware, the iconic kitchenware brand, is warning of potential bankruptcy as it struggles to stay afloat amid the pandemic. The company is exploring potential layoffs, as well as reviewing its real estate portfolio for potential money-saving efforts. Shares of the direct marketing company plunged 50% after the securities filing, and Tupperware is now in a race against time to secure additional financing and avoid bankruptcy.

US Job Growth Remains Solid Despite Federal Reserve’s Interest Rate HikesImage courtesy of media.cnn.com

US Job Growth Remains Solid Despite Federal Reserve’s Interest Rate Hikes

By News Masher on April 7, 2023

Average hourly wages rose 0.3% from February to March, and 4.2% year-over-year, while the leisure and hospitality sector added the most jobs in March. Despite the Federal Reserve's nine interest rate hikes, the US economy remains on solid footing, with job growth in service-providing businesses and a slight decline in manufacturing employment.