The Federal Reserve reported financial well-being last year reached the highest levels since at least 2013, underscoring the impact of economic stimulus that also led, in part, to high inflation. About 78% of the roughly 11,000 households surveyed by the Fed reported either “doing okay” financially or “living comfortably,” the highest level seen since the Fed began the survey in 2013. The report noted that household strength was particularly high among parents, due in part to the 2021… Source link
Read More »Google’s Profit and Revenue Soared in the Third Quarter
Google’s parent company, Alphabet, shrugged off any concerns about a downturn in online advertising with another quarter of blockbuster earnings, lifted by continued strong demand for ads on YouTube and steady growth at its cloud computing business. Alphabet said on Tuesday that net profit in the third quarter rose 68 percent, to $18.94 billion, while revenue jumped 41 percent, to $65.12 billion. The results topped analysts’ estimates for $16.2 billion in profit and sales of $63.5… Source link
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