Almost 14% of millennials in the metropolitan Richmond area were living with one or both parents in 2022, slightly below the national average of 15.8%. This trend underscores the challenges younger individuals face in affording high housing costs, leading them to return to their childhood homes, as reported by

Central bankers are nearing the end of their battle against inflation. In advanced economies, prices are now rising by 5.4% year on year, a significant drop from the peak of 10.7% seen in October 2022. However, the final leg of their journey—bringing inflation down from 5.4%

Former Fox News host Tucker Carlson recently interviewed Russian President Vladimir Putin, during which they discussed topics such as BRICS, the US dollar, and geopolitics. Putin highlighted that while developing countries still predominantly use the US dollar for trade, its influence is waning due to actions from the White House.

Donald Trump is being forced to pay the fine of $300 million in his civil fraud trial and bars him from running business in New York state for three years. Judge Arthur Engoron has ordered former President Donald Trump and the Trump Organization to pay over $354 million in damages.

The office meltdown will result in $1 trillion of losses, real estate billionaire Barry Sternlicht has said. According to Bloomberg, Sternlicht stated at the Global Alts conference in Miami Beach that the value of US office properties, once a $3 trillion market, has now declined to about $1.8 trillion.

The remote-work revolution is morphing into a perk for the wealthiest, most educated workers, per FORTUNE. 63% of employees that make $100,000 or more report being able to work from home sometimes or always, only 38% of those making $50,000 to $100,000 have the same benefit. Remote

Goldman Sachs, $GS, has increased CEO Solomon’s pay 24% after firm’s profit slumps 24%. Solomon's compensation for the year was $31 million, as disclosed by the bank on Friday. This amount not only represents an increase from the $25 million he received in 2022 but also

Mortgage originations in commercial real estate fell 47% through 2023, Mortgage Bankers Association has said Commercial property mortgage originations plummeted by 47% in 2023, according to the Mortgage Bankers Association. The healthcare and office sectors experienced the most significant decline, with new loan creation volumes dropping by 67% and 65%

A new SEC market-tracking database is a “massive, unprecedented government surveillance system” that could cost the financial services industry billions of dollars and compromise investors’ privacy, per Citadel. Citadel Securities and the American Securities Association, a consortium of brokerage firms, have petitioned the 11th US Circuit Court of Appeals to

Google, $GOOGL, has quietly launched an internal AI model named 'Goose' to help employees write code faster, per BI. According to internal documents reviewed by Business Insider, Goose is a tool exclusively for employees, aimed at facilitating the development of new products. The documents characterize Goose as a

Cathie Wood's Ark Invest, $ARKK, has destroyed $14 billion in wealth over the past decade, per MorningStar. According to a recent Morningstar analysis, Cathie Wood's Ark Invest has lost an estimated $14.3 billion in wealth over the past decade. Ark Invest gained significant attention in

OpenAI has launched 'Sora', a text-to-video model that allows users to create videos using prompts. OpenAI is introducing a new video-generation model named Sora, which the AI company claims can "craft realistic and imaginative scenes based on text prompts." This text-to-video model allows users to generate

Boomers are not moving out of their big homes, per CNN. Many Baby Boomers who have seen a significant increase in the value of their homes are now faced with sizable capital gains tax bills when they sell. This tax applies to the profit made from selling an asset, such

The US birth rate has fallen by somewhere between 14% and 20% since 2012, depending on the estimate per Bloomberg. Today, about 35% of women ages 25-44 have never given birth, almost double the number in 1976. Surveys show that many childless young adults are concerned about the medical and

Prepare for a Bitcoin FOMO rally to record highs, per Bernstien. Bernstein analysts argue that a combination of factors, including the introduction of Bitcoin exchange-traded funds (ETFs) and a growing fear of missing out (FOMO) among investors, could propel the cryptocurrency to new highs. One major factor is the recent

Jeff Bezos’ $4 billion stock sale last two weeks came with an added perk: no state taxes. Jeff Bezos has sold roughly $2 billion worth of Amazon, $AMZN, stock in recent days, according to financial filings. The sales began Friday, as detailed in the filing, and continued on Monday. Bezos

China's baby bust is happening faster than many expected, raising fears of a demographic collapse. China's one-child policy, implemented in 1980, was a monumental social experiment aimed at curbing overpopulation and fueling economic growth. Spearheaded by a missile scientist trained in Moscow, the policy was based

Russia is developing a space-based anti-satellite nuclear weapon, according to U.S. officials per NYT. House Intelligence Committee Chair Mike Turner has urged the Biden administration to declassify information concerning what he described as a "serious national security threat," later reported to involve Russian intentions to deploy nuclear