Artificial intelligence is set to reshape the workforce, with 41% of employers planning to reduce their headcount as AI automates certain tasks, according to a survey released Wednesday by the World Economic Forum (WEF). The survey, part of the WEF’s Future of Jobs Report, found that among the hundreds

The number of cars on U.S. roads has reached an all-time high—about 290 million light vehicles—and they’ve never been older. While part of the reason is positive—vehicles are now better made, with surpassing 100,000 miles becoming routine rather than exceptional—the average age of

The U.S. Supreme Court has upheld a nationwide ban on TikTok unless the app is sold to a U.S.-based owner. In a unanimous decision announced Friday, the nine justices sided with Congress and the Department of Justice, agreeing that the popular social media platform poses a threat

President-elect Trump confirmed on Friday that he had a conversation with Chinese President Xi Jinping just days before his inauguration. "I just spoke with Chairman Xi Jinping of China. The call was very productive for both China and the U.S.A.," Trump shared on Truth Social. "

Millennials are grappling with unique financial challenges, including skyrocketing housing costs, looming student loan payments, and mounting credit card debt. Yet, despite these struggles, they are the most money-obsessed generation—and the most eager to flaunt their perceived financial success. A recent Wells Fargo study revealed that 59% of affluent

XRP and Solana exchange-traded products (ETPs) could see up to $14 billion in investment within their first year if approved by federal regulators, according to projections from banking giant JPMorgan. The report highlights significant investor demand for these products should they debut. JPMorgan analysts estimate that Solana ETPs could attract

General Motors has reached an agreement to settle allegations from the Federal Trade Commission (FTC) that it collected, used, and sold data from connected vehicles without drivers' knowledge or consent. According to a press release issued by the FTC on Thursday (Jan. 16), the data included drivers’ precise geolocation

UnitedHealth Group has been found to charge patients exorbitant markups for life-saving drugs, with prices often exceeding the original cost by tenfold or more, according to a new report by the Federal Trade Commission (FTC). The report also targets CVS and Cigna, highlighting systemic issues within the U.S. healthcare

A broader breach of the Treasury Department by Chinese state-sponsored hackers was reported by Bloomberg News on Thursday, citing sources familiar with the matter. According to the report, the computers of two senior officials, Deputy Secretary Wally Adeyemo and Acting Under Secretary Brad Smith, were also compromised. Hackers accessed fewer

President-elect Donald Trump is reportedly preparing an executive order to prioritize cryptocurrency as a key policy area and integrate industry voices into his administration, according to sources familiar with the plan. The anticipated order would designate cryptocurrency as a national priority, using strategic language to encourage government agencies to engage

The FBI has reportedly shut down its Diversity, Equity, and Inclusion (DEI) programs ahead of the incoming Trump administration, according to a new report released Thursday. Fox News Digital reported that the FBI confirmed the closure of its Office of Diversity and Inclusion (ODI), stating, "In recent weeks, the

The IRS has officially announced the beginning of the 2025 tax filing season: The agency will begin accepting 2024 federal tax returns on Monday, Jan. 27, 2025. The IRS has announced that the 2025 tax filing season will officially begin on Monday, Jan. 27, 2025, when the agency starts accepting

TikTok may go offline for U.S. users on Sunday, according to an administration official speaking to ABC News. However, the Biden administration has indicated it will not enforce the law mandating the shutdown, which is set to take effect one day before the presidential inauguration. TikTok itself could voluntarily

Apple Inc. announced an 18% pay increase for CEO Tim Cook ahead of its upcoming annual meeting, while opposing a shareholder proposal aimed at ending the company’s diversity program. Cook’s total compensation for 2024 rose to $74.6 million, up from $63.2 million the previous year, according

Wall Street's relentless office culture is driving young bankers to snort crushed Adderall pills at their desks to endure grueling workdays lasting up to 22 hours, according to a report. Bankers in their 20s and 30s aiming to climb the financial ladder told The Wall Street Journal that

Digital assets have surged since the U.S. presidential election in November, with Bitcoin hitting a record high above $107,000 on Monday, bolstered by President-elect Donald Trump's pro-cryptocurrency policy announcements. Despite the rally, many financial advisors remain cautious. “As traditional long-term planners, we currently do not incorporate

The sharp increase in interest rates since the end of the third quarter has expanded losses on bank securities portfolios, a trend that could draw investor scrutiny as banks begin reporting fourth-quarter results next week. Bank of America, which holds the largest unrealized losses in the banking industry, may attract

Global banks are poised to cut up to 200,000 jobs over the next three to five years as artificial intelligence (AI) increasingly takes over tasks currently performed by humans, according to Bloomberg Intelligence (BI). Chief information and technology officers surveyed by BI expect, on average, a net workforce reduction

America faces a significant housing shortage—but not for the type of apartments real-estate investors have been building at record rates. The national vacancy rate for multifamily apartments reached 8% in the last quarter of 2024, higher than pre-pandemic levels. This increase in empty units is surprising, given estimates that

"Many millennials and Gen Xers are facing a stark reality: their parents and grandparents don't have the means to pay for long-term care — and they'll need to help foot the bill, especially since government aid often doesn't cover large parts of this care,

As the Federal Reserve prepares to lower interest rates at the conclusion of its two-day meeting this week, Americans are feeling increasingly optimistic about the future. Despite the strain of prolonged high inflation on household budgets, consumer sentiment about personal finances has improved, according to a new report from the

Google has informed the EU that it will not integrate fact-checking into search results or YouTube videos, nor use fact checks in ranking or content removal decisions, despite requirements under a new EU law. This decision, detailed in a letter obtained by Axios, reiterates Google's longstanding stance against