22-year-old Utah resident Tyler Robinson has been taken into custody for the assassination of Charlie Kirk

Authorities announced Thursday that the suspect in the killing of Charlie Kirk has been taken into custody. Utah Governor Spencer Cox identified the suspect as Tyler Robinson, saying he came to the attention of law enforcement after reaching out to a family friend, who then alerted authorities. Investigators noted that

UBS puts the recession probability at 93%

UBS has sounded an alarm over the U.S. economy, saying its proprietary model places the risk of recession at 93% based on “hard data” covering May through July 2025. While the bank stopped short of making an official recession call, it described the probability as “historically worrying” and pointed

US mortgage rates have just had their biggest weekly drop in a year, at 6.35%, down from 6.50% a week earlier

After months of hesitation in a sluggish housing market, buyers may finally be getting a reason to reenter: mortgage rates are dropping sharply. The average 30-year fixed mortgage rate fell to 6.35% for the week ending September 11, down from 6.50% the week before, according to Freddie Mac

Elizabeth Warren says she wants JPMorgan CEO Dimon and other $JPM executives to testify in congress on Epstein

Ten Democratic senators are pressing for a congressional hearing into JPMorgan Chase ($JPM) and its long-standing ties to Jeffrey Epstein, demanding testimony from CEO Jamie Dimon and other executives on why the bank kept Epstein as a client despite multiple warning signs. Senator Elizabeth Warren, the top Democrat on the

Senator Mike Lee has said he is working on legislation to stop H1B visa abuse

U.S. Senator Mike Lee has stirred debate over the future of H-1B visas after posting on social media: “Is it time to pause H-1B visas?” His comment came in reaction to unverified claims alleging that Walmart paid bribes to bring in Indian tech workers while sidelining American employees. The

The State Department indicated it would review the legal status of immigrants ‘praising, rationalizing, or making light’ of Charlie Kirk's fatal shooting

A senior State Department official on Thursday issued a warning to foreign nationals in the U.S. not to glorify the killing of conservative commentator Charlie Kirk, who was shot dead during an event in Utah the previous day. “In light of yesterday’s horrific assassination of a leading political

CPI 0.4% MoM, Exp. 0.3%

The Consumer Price Index rose 2.9% in August from a year earlier, in line with forecasts, as President Trump’s tariffs continued to filter through the economy. Inflation Data Economists had expected the CPI to rise 2.9%, according to FactSet. The index, which tracks the price of goods

FBI released image of person of interest in Charlie Kirk shooting

Authorities said Thursday that the sniper who killed Charlie Kirk fired a single shot, then leapt from a rooftop and fled into a nearby neighborhood. Investigators have since recovered what they believe to be the weapon used — a high-powered, bolt-action rifle — and are reviewing video footage that tracks the suspected

Bumble, BMBL, CEO has said that they are planning an AI-powered matchmaking app

Bumble founder and CEO Whitney Wolfe Herd envisions a future where artificial intelligence plays the role of a “dating concierge,” guiding users through the process of building connections. She says AI will not only support tasks like improving communication and filtering matches, but may eventually interact with other AIs on

Boomers are sitting on $82 trillion in wealth—more than twice what Gen X has and four times as much as millennials

Baby Boomers today hold an estimated $82 trillion in wealth — more than double the $42 trillion held by Generation X and roughly four times the $16 trillion of Millennials. The wide gap stems from several structural advantages Boomers had, including being the first generation to access 401(k) retirement plans,

Lack of civility in U.S. workplaces is costing American businesses an estimated $2.1 billion per day

A new study from the Society for Human Resource Management (SHRM) estimates that workplace incivility is costing U.S. businesses around $2.1 billion every day through lost productivity and rising absenteeism. The research points to reduced work effort, lower quality output, and higher employee burnout as the main drivers

Trump has said there is "no inflation"

Wholesale prices unexpectedly fell in August as producer inflation came in far below estimates, teeing up the Federal Reserve to slash interest rates next week. The Producer Price Index, which measures final demand goods and services prices, declined 0.1% in August – significantly below estimates of a 0.3% rise

Larry Ellison of Oracle, ORCL, is the richest person in the world, surpassing Elon Musk of Tesla, TSLA

Larry Ellison of Oracle, ORCL, is the richest person in the world, surpassing Elon Musk of Tesla, TSLA. Elon Musk has lost his title of “world’s richest person” title to Oracle cofounder Larry Ellison. Ellison’s wealth jumped by $101 billion to $393 billion after Oracle’s stunningly strong

Israel has said that it has carried out an airstrike against Hamas leadership in Doha, Qatar

The Israeli military said it launched an airstrike on Hamas’ political headquarters in Qatar, marking a dramatic escalation in the conflict. Television broadcasts from Doha showed a massive plume of gray smoke rising over the city where the strike occurred. In a statement on Tuesday, the Israel Defense Forces (IDF)

The U.S. added 911,000 fewer jobs in 2024-2025 than first estimated

Fresh economic data released Thursday pointed to growing strain in the labor market. First-time applications for unemployment benefits climbed to their highest level in nearly three months, private-sector hiring slowed sharply, and August recorded the worst round of layoff announcements since the pandemic — and before that, the Great Recession. “The

OpenAI is building an AI jobs platform that could challenge Microsoft’s, MSFT, LinkedIn

OpenAI is building a new AI-powered jobs platform designed to connect people with AI skills to organizations that need them. Planned for launch by mid-2026, the platform will serve as a bridge between talent and employers, offering roles in automation, prompt engineering, and other AI-driven fields. The move positions OpenAI

U.S. economy should take off by fourth quarter, US Treasury Secretary Scott Bessent has said

Treasury Secretary Scott Bessent said Sunday that the U.S. economy is set to accelerate by the fourth quarter as President Trump’s policy changes take hold. Bessent argued that despite government data showing inflation edging higher and the labor market weakening, the administration believes the fundamentals point to stronger

Lawyers for Jeffrey Epstein’s estate have given Congress a copy of the birthday book put together for the financier’s 50th birthday, which includes a letter with Trump’s signature that he has said doesn’t exist

U.S. lawmakers have released a “birthday book” created for Jeffrey Epstein in 2003 that allegedly includes a note signed by President Donald Trump. The scrapbook was part of a trove of materials turned over to the House Oversight Committee after Epstein’s estate was subpoenaed last month. Alongside the

Americans face biggest increase in health insurance costs in 15 years

Americans with employer-sponsored health insurance could see premiums climb 6% to 7% in 2026, according to a new report from consulting firm Mercer. The survey of more than 1,700 U.S. companies projects average employer plan costs to rise 6.5% next year — the sharpest increase since 2010. As

The U.S. Federal Reserve is expected to reduce interest rates by 50 basis points in September

Standard Chartered has raised its forecast for the Federal Reserve’s September meeting, now expecting a 50 basis point rate cut instead of the 25 basis point reduction it previously predicted. The shift reflects the bank’s view that slowing U.S. economic momentum and signs of weakness in the

U.S. Supreme Court allows Trump to remove Democratic member of Federal Trade Commission

Chief Justice John Roberts on Monday temporarily allowed President Donald Trump to remove a Federal Trade Commission member, granting the White House an interim victory as it seeks to expand its influence over independent agencies across the government. The order, known as an administrative stay, gives the justices more time

Half of Gen Z spends $0 a month on dating thanks to a ‘romance recession'

Gen Z may be thinking seriously about their financial futures, but romance isn’t where their money is going. Bank of America’s latest Better Money Habits survey found that more than half of Gen Z adults in the U.S. (53%) reported spending nothing on dating each month, while

New home inventory is at its highest level since just before the housing market collapse that led to the Great Recession

In June, U.S. home prices logged their weakest growth since 2023, rising at a slower pace than inflation and signaling a cooling housing market. According to the S&P CoreLogic Case-Shiller Index, national home prices increased just 1.9% year-over-year, while the Consumer Price Index advanced 2.7%

Tariffs will lower deficits by $4 trillion over a decade

President Donald Trump is actively touting a new government report showing that his broad package of tariffs is projected to cut the federal debt by $4 trillion over the next decade — a higher estimate than was given just a few months earlier. Since the Congressional Budget Office released its analysis

Job "switchers" typically see their wages grow at a faster rate than workers who stay in their current roles

ob switchers are experiencing significantly smaller pay raises than they did during the 2021-2023 period, with recent data showing raises for job switchers and job stayers are nearly identical (around 4.6% vs. 4.8% in early 2025). The "job switcher premium," the advantage job switchers had over