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JPMorgan’s Jamie Dimon: U.S. unprepared for ‘worst case’

Simon

JPMorgan CEO Jamie Dimon is issuing a stark warning, stating many U.S. businesses and investors are unprepared for the possibility of the Federal Reserve raising interest rates to a staggering 7 percent. ...

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Business bankruptcies highest in 13 years

bankruptcies

Corporate bankruptcies in the United States this spring, based on the latest reports, with the first five months of 2023 seeing the highest number of filings since 2010. Filings from Serta Bedding ...

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U.S. households added $320 billion in debt last year

households debt

U.S. households continue to struggle, adding $320 billion in debt last year.  It marks the highest level since the 2008 financial crisis which saw millions lose their homes. Households owe a combined ...

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4 troubling signs in the economy

recession gdp economy signs

Officially, the U.S. is not in recession with critics saying the government altered the definition in 2021. But signs in the economy continue to tell a different story. Home Sales Existing home ...

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Why are South African pastors living in poverty?

south african pastors

BENONI, South Africa — Merchants gathered at a busy intersection in this Johannesburg suburb in 2020 to sell a variety of goods ranging from food to tires. Among the sellers were unemployed ...

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7 ancient financial tips from Proverbs still ring true

proverbs

Can wisdom from the ancient texts of Proverbs apply to the fast-paced financial world of the 21st Century? After all, they were written over 2,700 years ago. Ask someone from the millennial ...

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Government over-reported job growth numbers by 99% this year

job growth

The government has been caught spiking job growth numbers.  In investigative research by the Federal Reserve Bank of Philadelphia, job numbers released by the Bureau of Labor Statistics (BLS) were inflated by ...

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Sticking to a budget is critical during Christmas season, Dave Ramsey’s daughter says

christmas budget

After cutting back on Christmas spending a year ago, many consumers plan to buy more presents this year. Rachel Cruze, the daughter of Dave Ramsey, encourages them to enjoy the season but ...

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As a millennial I paid off $20,000 of debt in 6 months

millennial debt

It seems as if it’s almost impossible for a Millennial or GenZ to get ahead financially these days. Record inflation, insane gas prices, and a tough housing market are just a few ...

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When the credit card debt bubble bursts

card debt

Inflation still isn’t letting up, and it’s a top concern for Americans right now. But we just learned of yet another way surging prices are hurting families—leading them into huge amounts of credit ...

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$1 now worth just 88 cents while Biden claims inflation has risen “hardly at all”

88 cents

$1 at the start of the Biden administration is now worth just 88 cents. The devastating news for millions of families comes as the Federal Reserve again raises interest rates to stem ...

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More Americans than ever report “suffering,” new Gallup poll finds

americans suffering

More Americans than ever say they are suffering, according to the Gallup’s Life Evaluation Index for July. “Since reaching a record high in June 2021, life ratings among American adults have steadily ...

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Biden announces scheme to pay off student debt, increase deficit by over $300 billion

national debt biden student

The amount of student debt being written off equals almost half of the yearly budget for the Pentagaon. The shocking numbers came in the announcement of the student loan creditor bailout made ...

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Sending your kid to school will cost a lot more this year

school inflation

Although back-to-school shopping is always expensive, parents this year must cope with the highest inflation in four decades. That’s in addition to real wages falling and expected higher taxes. As the cost ...

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U.S. in recession after 2nd quarter GDP released

recession gdp economy signs

The United States is in recession. The realization came Thursday morning after the Bureau of Economic Analysis reported that GDP fell almost 1% in the second quarter. For the last 10 recessions, ...

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Americans on right and left agree over how quickly donations should be used

donations

Political partisanship is a powerful dividing line, but a new survey shows widespread agreement on the need for changes in how quickly charitable foundations and donor advised funds put donations to work. ...

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Farm Bureau: July 4th cookout up like a bottle rocket

farm cookout

Your Independence Day weekend will cost a lot more to enjoy this year. The American Farm Bureau Federation says the cost of a cookout is up a whopping 17 percent according to ...

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Learn how to invest in Israel at a free seminar

invest israel

Returning to Kansas City Tuesday, June 28 is the “Invest in Israel Seminar” Christians can learn how to invest wisely by utilizing the growing market of Israel. By doing so, investors can ...

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Woke investment firms present risk to conservative states, Missouri treasurer says

investment conserative

Progressive environmental, social and governance metrics are giving investment funds an excuse to discriminate against states with conservative values. Missouri Treasurer Scott Fitzpatrick expressed concern over ESG funds condemning states with pro-life ...

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What every homeowner should know about a recession

homeowner recession

A recession does not equal a housing crisis. That’s the one thing that every homeowner today needs to know. Everywhere you look, experts are warning we could be heading toward a recession, ...

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White House cancels oil and gas lease sales as prices soar

oil and gas

The day after again blaming rising fuel prices on Vladimir Putin, the Biden administration is canceling major oil and gas lease sales on American territory. The move ended the sales of three ...

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Getting The Taxman Out Of Your Retirement — Part 2

taxes, umemployment, more, filing payment, retirement

Last month, in part one of this article, we discussed how you might be in a lower tax bracket in retirement, but pay a higher tax rate. In this article, we’ll look ...

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IRS backlog affects churches, ministries, leaving donors in the dark

irs donors abolish republicans credit changes

As the filing deadline nears, the U.S. Internal Revenue Service continues to experience delays in processing last year’s tax returns. Millions of tax returns and filings are still backlogged, including those in ...

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Churches in Jefferson City and elsewhere giving away free gas to help those in need

free gas

Churches across the nation are helping those less fortunate by providing free gas as prices soar. The Missouri Western Second Ecclesiastical Jurisdiction Evangelism Department of the Church of God in Christ raised ...

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Christian young adults give more than non-Christian peers, study finds

adults study

Christian adults aged 40 or younger donate three times as much money as non-Christians over the course of a year, a new study finds. “The study showed Christian young adults share more ...

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