France is changing how it taxes wealth by including large cryptocurrency holdings under a new rule targeting what it calls “unproductive wealth"

France has passed a law taxing large cryptocurrency holdings, labeling them “unproductive wealth.” The tax applies to individuals with more than €2 million in total assets—including crypto, yachts, luxury cars, and unused property—at a 1% rate. Previously, France only taxed real estate wealth. Crypto now counts toward taxable

Not even a 0% interest rate would make a typical home affordable in New York, Los Angeles, Miami, San Francisco, San Diego, or San Jose

Housing affordability in the U.S. is being strained by several forces, especially persistently high mortgage rates. During the pandemic, buyers benefited from sub-3% rates, but by late 2023 rates hit 8%, and today are still around 6.5%–7%. Combined with home prices that are over 50% higher than

Gen Z thinks a salary of nearly $600,000 annually is what it takes to be "financially successful"

A recent report reveals that Generation Z—those born between 1997 and 2012—define "financial success" as earning nearly $600,000 annually. This figure is nearly double the salary considered successful by other generations and significantly exceeds the average American's yearly income. The survey, conducted by

U.S. may be forced to close some airspace next week if government shutdown continues

U.S. Transportation Secretary Sean Duffy said on Tuesday that if the federal government shutdown continues for another week, he may have to close portions of U.S. airspace to air traffic. He said this could lead to significant travel disruptions and contributed to a decline in airline stocks. The

Zohran Mamdani wins NYC Mayoral race

Zohran Mamdani, recently elected as mayor of New York City, marks several firsts: he will be the youngest mayor since 1892, the city’s first Muslim mayor, and the first mayor born in Africa. He entered the race last year with limited name recognition, a small budget, and without formal

Nearly a million New Yorkers to reportedly flee NYC as Mamdani becomes mayor

A J.L. Partners poll conducted for the Daily Mail shows that nine percent of New York City residents say they would “definitely” leave the city if Mamdani wins. Nine percent equates to about 765,000 New Yorkers, based on the city’s population of 8.5 million. The survey

Warren Buffett's Berkshire Hathaway and Zillow say mortgage rates can't fall enough for Americans to afford a home

When mortgage rates dropped below 3% during the pandemic, buying a home seemed far more attainable. Since then, however, prospective buyers have been facing a very different reality. Mortgage rates climbed as high as 8% in late 2023. Rates have since eased—today the average 30-year fixed mortgage rate sits

GoFundMe CEO has said that the economy is so bad that more of his customers are crowdfunding just to pay for their groceries

Tim Cadogan stated that an increasing number of customers are using the platform to raise money for basic needs like groceries due to economic challenges. He noted a rise in campaigns for essential items, shifting from one-off emergencies to ongoing survival, which he described as a concerning trend for the

Home sales are headed for their worst year since 1995

The U.S. housing market has recently shown small signs of relief as mortgage rates have edged down and home price growth has started to level off. Still, both buyers and sellers remain hesitant. Homeowners are not listing their properties as much as before: active listings dropped 1.4% in

The Trump administration says it will now pay SNAP benefits but reduced by 50% to any household in the program

The Trump administration announced Monday that it will distribute only half of the usual food stamp benefits for November during the ongoing government shutdown, using money from the program’s contingency reserve. However, recipients are unlikely to receive those funds immediately. According to a sworn declaration submitted in federal court

Nvidia’s, NVDA, CEO Jensen Huang has said that electricians and plumbers will be needed by the hundreds of thousands in the new working world

Nvidia CEO Jensen Huang says the future of work will not be defined solely by software engineers or artificial intelligence researchers, but also by people with hands-on technical skills. Speaking about the impact of AI on the labor market, Huang emphasized that despite rapid automation and digital transformation, demand for

Kimberly-Clark is buying Tylenol maker Kenvue in an approximately $48.7 billion cash-and-stock deal

Kimberly-Clark plans to acquire Kenvue — the maker of Tylenol — in a cash-and-stock transaction valued at roughly $48.7 billion, forming a major powerhouse in the consumer health products industry. Under the terms of the merger, shareholders of Kimberly-Clark — the company behind Huggies, Kleenex, and Cottonelle — will control about 54% of

The US is reportedly drafting plans to send forces to Mexico for an anti-drug operation currently in early stages

A new report says the Trump administration is developing plans that would send U.S. troops and intelligence personnel into Mexico to target drug cartels. According to NBC News, the effort is still in early planning, and no final decision has been made. Even if the mission moves forward, it

Trump says doesn't know who CZ is

U.S. President Donald Trump says he is unfamiliar with Changpeng Zhao, even though he granted the cryptocurrency billionaire a pardon last month. Trump was questioned about the pardon in an interview on CBS News’ 60 Minutes, which aired Sunday. Zhao — widely known as “CZ” — pleaded guilty in 2023 to

Trump says there 'could be' US Troops on ground in Nigeria

U.S. President Donald Trump has directed the American military to be ready for potential operations in Nigeria against Islamist militant groups, accusing Nigeria’s government of failing to protect Christians. Trump did not specify which incidents he had in mind. In recent weeks and months, claims of a “genocide”

China will effectively suspend implementation of additional export controls on rare earth metals and terminate investigations targeting US companies in the semiconductor supply chain

The White House said that China will essentially halt the implementation of new export restrictions on key rare earth elements and will end investigations aimed at U.S. firms involved in the semiconductor supply chain. According to Bloomberg, which cited a White House fact sheet released Saturday, the announcement reflects

The U.S. Supreme Court is scheduled to consider on November 7 whether it will hear a challenge to same-sex marriage

The Supreme Court is set to decide on Friday, Nov. 7 during its private conference whether to take up Kim Davis’ appeal involving same-sex marriage. Typically, the justices do not agree to hear a case until it has appeared in at least two consecutive conferences; this marks the first time

Trump: "I don't think we're necessarily going to ask for a declaration of war"

President Donald Trump said his administration will notify Congress about plans to go after drug traffickers operating on land, but he stopped short of saying he would ask lawmakers to authorize the use of military force. After praising recent strikes against vessels allegedly used for drug smuggling as a “massive

Trump answers questions about AI bubble

Trump had the following exchange with a reporter on AI. Reporter: Could I ask you — some experts warn about an AI bubble. Are you concerned? Trump: What’s the AI problem? Reporter: Some experts say that some investors are overreacting. Trump: Everybody wants AI because it’s the new internet.

Trump has just said that the US may enter Nigeria and to get his department of War to prepare for that action

President Donald Trump said Saturday that he has directed the Pentagon to begin planning for potential military action in Nigeria, citing concerns about reported violence against Christians in the country. Trump also stated that the United States would halt all aid and assistance to Nigeria if the Nigerian government does

SpaceX is set to receive $2 billion to develop satellites that can track missiles and aircraft under President Trump’s Golden Dome project

SpaceX has been awarded a $2 billion federal contract to build satellites intended to detect and track incoming missiles and aircraft, according to reporting from The Wall Street Journal. The contract is part of a broader national defense initiative supported by President Donald Trump to develop a U.S. air-defense

54% of U.S. adults read below the equivalent of a sixth-grade level

The National Literacy Institute (NLI) released updated data and findings on national literacy levels and the ongoing teacher workforce shortage for the 2024–2025 school year. According to NLI, approximately 130 million adults in the United States struggle to read basic sentences, and 54% of U.S. adults read below

JPMorgan, JPM, is reportedly consider reducing the ratio of junior bankers to senior managers from the current 6-1 to 4-1

According to CNBC, JPMorgan is evaluating a plan to change the ratio of junior analysts to senior bankers from 6:1 down to 4:1. But in that new structure, CNBC says half of the remaining junior staff would be placed in lower-cost countries like India or Argentina. So if

Scott Bessent has said: We finished China deal, signatures possible next week

On October 30, 2025, President Xi Jinping met with U.S. President Donald J. Trump in Busan. President Xi said that, under the guidance of both leaders, the overall relationship between China and the United States has remained stable. He emphasized that the two countries should view each other as

YouTube, $GOOGL, is conducting a “voluntary exit program” with severance for U.S.-based employees

YouTube confirmed on Wednesday that it has launched a “voluntary exit program” for employees in the United States, offering severance packages to those who choose to leave. The program was disclosed to staff in an internal memo from CEO Neal Mohan. This news was first reported by Sources. In the