US stocks surged to fresh all-time highs on Monday, with the S&P 500 (^GSPC) recording its 30th record close of the year. Wall Street is buzzing with speculation about whether the bull rally that has dominated 2024 still has room to continue. The S&P 500 climbed

Former United States President and leading Republican presidential candidate, Donald Trump, has long supported cryptocurrency, and his advocacy has become more pronounced as the presidential election nears. Recently, Trump has ramped up his cryptocurrency support as part of his 2024 presidential campaign, aiming to become the "crypto president."

The US economy is experiencing a "selective recession," where lower-income Americans are struggling while upper-income consumers are faring well, according to JPMorgan analyst Matthew Boss. Speaking to CNBC on Tuesday, Boss highlighted the disparity between upper-income and middle-to-lower-income Americans. The latter group is having difficulty keeping up with

Social Security and Medicare will not be able to fully pay benefits in just over a decade unless lawmakers address the pending shortfalls, according to reports released Monday by the programs’ trustees. Despite a slight improvement in the trust funds’ finances, they remain in critical condition. The combined Social Security

Philip Morris announced that it would suspend online sales on Swedish Match North America’s ZYN.com nationwide as the Zyn nicotine pouch maker responds to a subpoena from the District of Columbia. Philip Morris acquired Swedish Match in a $16 billion deal in 2022 as part of its strategy

Earlier this month, Rep. Paul Gosar, R-Ariz., introduced a bill requiring the U.S. Treasury to resume printing $500 bills, which would feature a portrait of Trump instead of the late President William McKinley. Gosar said the proposal aimed to draw attention to high inflation under Joe Biden. In May,

Russian President Vladimir Putin and North Korean leader Kim Jong Un signed an agreement on Wednesday pledging mutual aid if either country faces "aggression," a strategic pact as both face escalating standoffs with the West. Details of the deal were not immediately clear, but it could mark the

Massachusetts stands to lose almost $1 billion in annual revenue by 2030 as high taxes and housing costs push wealthy residents to move elsewhere. Migration out of Massachusetts to other US states accelerated during the pandemic as remote work made it more feasible to live farther from the office. If

Interest-rate-sensitive house prices, which surged 45% during the pandemic, have risen around 8% since early 2023, offsetting a 5% decline in the second half of 2022 caused in part by the 525 basis points of rate hikes from the U.S. Federal Reserve. Despite elevated mortgage rates—and expectations among

Electric vehicle startup Fisker, which sought Chapter 11 protection earlier this week, said its U.S. units had also filed for bankruptcy in a court in Delaware on Wednesday. Fisker Inc and its other U.S. subsidiaries have entered into Chapter 11, the firm said, adding that discussions about the

Michael Dell, CEO and chairman of Dell Technologies, announced on X that the company is developing the Dell AI Factory. This new venture will use NVIDIA GPUs to power Grok, the AI model created by Elon Musk’s company, xAI. Elon Musk has made significant investments in computational resources for

The economy could grow, a Goldman Sachs analyst stated in a note last month. US GDP could increase by an additional 1% if 60 million Americans take GLP-1 drugs by 2028, wrote Jan Hatzius, Goldman Sachs' chief economist. Hatzius noted that health-related issues prevent people from participating in the

Companies are cutting middle-management roles, and millennials are likely to be most affected. The latest corporate buzzword is efficiency, and it hasn’t been kind to middle managers. If you’ve got direct reports, you might want to watch your back. “It’s always been a joke with my peers

A record 447,000 Americans are now working 2 full-time jobs in October 2023. Job growth was stronger than expected in September, a sign that the U.S. economy is hanging tough despite higher interest rates, labor strife and dysfunction in Washington. Nonfarm payrolls increased by 336,000 for the

As of April 2024, the Consumer Price Index, which tracks changes in the cost of common consumer goods and services, rose by 3.4% annually. Within that index, food costs increased by 2.2% annually, while shelter costs went up by 5.5%. This rise is putting a strain on

Apple, $AAPL, has suspended work on its next high-end Vision headset. Apple has suspended work on its next high-end Vision headset, according to a report by The Information on Tuesday, citing an employee at a manufacturer that produces key components for the Vision Pro. The iPhone maker is still focused

Netflix, $NFLX, has announced the cities planned for its in-person experience venues. Netflix has announced the first two cities for its expansive new in-person experience venues, set to open in 2025. These venues, known as Netflix Houses, are not quite theme parks but will feature a wide array of shopping

The U.S. state of Kansas sued Pfizer on Monday, accusing the company of misleading the public about its COVID-19 vaccine by hiding risks and making false claims about its effectiveness. In a lawsuit filed in the District Court of Thomas County, the state alleged that the New York-based drugmaker&

Develop a smartphone that functions as a pocket-sized version of the car. "Will Tesla Do a Phone? Yeah, We Think So," said analysts in an emailed note to investors this week from Morgan Stanley. Based on discussions with automotive management teams and industry experts, analysts concluded that the

Paid days off from work aren’t a guarantee for many Americans, and even when they do get them, they often leave them unused. A new Harris Poll survey of 1,170 American workers found that 78% of U.S. employees don’t take all their paid time off (PTO)

Bitcoin (BTC) is still on course to hit the ambitious $150,000 mark by the end of this year, driven by significant inflows into spot BTC exchange-traded funds (ETFs). Geoffrey Kendrick, head of forex and digital assets research at Standard Chartered, reaffirmed his predictions in a note shared with CoinDesk