10% of men aged 25-54 don't have a job and aren't looking for one, more than triple the percentage recorded in 1955, when just 3% were out of the workforce In its 2024 Modern Wealth Survey, Charles Schwab revealed that Americans, on average, believe it takes

Donald Trump vowed on Saturday to make it prohibitively expensive for countries to move away from the US dollar, adding another element to his tariff-focused agenda. “If you abandon the dollar, you won’t be doing business with the United States because we’ll impose a 100% tariff on your

Mortgage rates generally follow the movements of Treasury yields, which have been decreasing in anticipation of the Federal Reserve cutting interest rates as early as September. Minutes from the Fed's July meeting revealed that several officials believed there was a case for lowering rates, with Chair Jerome Powell

This is because 91.8% of U.S. homeowners with mortgages are paying interest rates below 6%, having secured low-cost financing before rates surged in mid-2022. The percentage of homeowners with a mortgage rate under 6% is just shy of the record 92.9% set in mid-2022. With the average

The gaming regulatory board said July gaming win slowed to $1.306 billion, with the Las Vegas Strip most responsible for the downward movement. Gaming win on the Strip plunged 15% to result in the first statewide GGR year-over-year monthly decline in four months. The approximately $1.3 billion haul

Household spending per person in Canada is dropping at a rate typically seen only during recessions. After adjusting for inflation, spending fell by 1.3% in the second quarter compared to the previous year. Since the 1960s, faster declines have only occurred four times—during the recessions of 1982, 1991,

Mortgage demand is now largely focused on refinancing, as interest rates have declined for the fifth consecutive week. Total mortgage application volume increased by just 1.6% last week compared to the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index. The average interest rate for 30-year

Republican presidential candidate Donald Trump announced on Thursday that if he wins the November 5 election, he plans to create a government efficiency commission led by billionaire Elon Musk. According to sources familiar with Trump’s discussions, this idea has been in the works for weeks, but Thursday's

Former President Donald Trump is set to present his economic vision on Thursday to a group of economists, making the case that lifting regulations and boosting fossil fuel production can help reduce prices in a possible second term. Speaking to the Economic Club of New York, this follows his appearance

Vladimir Putin has expressed that Russia supports Vice President Kamala Harris in the upcoming U.S. presidential election over former President Donald Trump. Speaking at the Eastern Economic Forum in Vladivostok on Thursday, Putin mentioned that Russia's initial "favorite" was President Joe Biden before he withdrew

Private equity fee disclosures have faced a setback in SEC Chair Gary Gensler’s efforts to push for greater transparency. The SEC chose not to meet a Tuesday deadline to request the Supreme Court to reinstate new disclosure rules for the private funds industry, according to a source familiar with

Former President Donald Trump's economic proposals would increase federal deficits by $5.8 trillion over the next decade, nearly five times more than Vice President Kamala Harris's plans, which would add $1.2 trillion, according to two new studies from the nonpartisan Penn Wharton Budget Model.

Peloton was one of the hottest stocks during the pandemic, but as COVID-19 concerns faded, so did the company's fortune. Its former billionaire CEO, John Foley, said his wealth was wiped out as a result. “At one point, I had a lot of money on paper,” Foley, who

Around 7 a.m. on a Friday, Denise Prudhomme checked in for her job at Wells Fargo, located in a corporate office in Tempe, Arizona. Four days later, she was found dead at her cubicle. Prudhomme, 60, was pronounced dead by Tempe police on Tuesday, August 20, at 4:55

The typical American can expect to spend approximately $333,065 over their lifetime on renting, which includes bills and additional expenses. This averages out to $25,620 per year for renters between the ages of 22 and 35. In Hawaii, the lifetime cost of renting is the highest among all

Nvidia on Wednesday denied reports that it had received a subpoena from the Department of Justice regarding antitrust concerns. "We have inquired with the U.S. Department of Justice and have not been subpoenaed," a representative from Nvidia told CNBC. "Nonetheless, we are happy to answer any

Coinbase executive Alesia Haas may have made an error or been unclear when she stated that Vice President Kamala Harris is accepting crypto donations. At a Citigroup event on Wednesday, Haas was quoted as saying Harris "is accepting donations" and "using Coinbase Commerce to accept crypto for

A U.S. judge on Wednesday upheld a temporary block on a Biden administration program aimed at legalizing immigrant spouses of U.S. citizens. U.S. District Judge J. Campbell Barker of Texas extended the pause on the program until September 23 to allow time for further legal briefings and

"We will tax capital gains in a way that benefits America’s innovators, founders, and small businesses," the Democratic presidential nominee declared at a rally in North Hampton, New Hampshire. The Wall Street Journal was the first to report on Harris' capital gains tax proposal. Currently, long-term

The SEC has charged six credit rating agencies with "significant recordkeeping failures." The Securities and Exchange Commission (SEC) announced today that it has charged six nationally recognized statistical rating organizations (NRSROs) for significant failures in maintaining and preserving electronic communications. These firms admitted to the facts in the

Vice President Kamala Harris is set to propose a tax deduction of up to $50,000 for new small businesses on Wednesday, a significant increase from the current relief and part of her economic policy aimed at appealing to middle-class Americans as she campaigns for the presidency, which she announced

Nvidia, $NVDA, has received a DOJ subpoena in an escalating antitrust investigation. Antitrust authorities are concerned that Nvidia is making it more difficult for customers to switch to other suppliers and may be penalizing buyers who do not exclusively use its artificial intelligence chips, according to sources who requested anonymity

Finland has announced plans to implement a complete ban on property purchases by certain foreign nationals due to growing security concerns over acquisitions linked to Russia near critical infrastructure. On Monday, Defense Minister Antti Hakkanen introduced a proposal aimed at preventing Russians from purchasing property in Finland, a Nordic NATO

Intel, one of the first two tech companies to join the Dow Jones Industrial Average during the dot-com boom of the late '90s alongside Microsoft, may lose its spot on the prestigious index due to a sharp decline in its stock price. Analysts and investors anticipate Intel's

Volkswagen has warned that due to challenges facing the auto industry, it may be forced to close plants in Germany and abandon a long-standing job protection agreement that has been in place since 1994, which would have prevented layoffs through 2029. "The European automotive industry is in a very