56 million Americans over 65 make up just 17% of the US population, but they hold more than half of America's wealth, at $96.4 trillion, per the Fed. However, there's a flaw in the narrative of a rosy boomer retirement: Many older Americans are not

56 million Americans have been in credit card debt for at least a year, per CNBC. In fact, as of November, 49% of credit cardholders are maintaining a balance from one month to the next, as per a recent Bankrate survey. This marks an increase from 31% in 2021 and

Reddit has drawn up detailed plans to launch its IPO in March, per Reuters. It would mark the inaugural IPO of a major social media company since Pinterest's introduction in 2019, and Reddit and its counterparts are contending fiercely for advertising revenue against competitors such as TikTok and

David Portnoy of Barstool Sports announced his investment in Spirit (Save) airlines at 855 am PST this morning. One minute later, the WSJ announced SAVE was restructuring, causing his investment to drop 30% and dropping. He quoted and said "diamond hands" in response to the fall. You can

The IRS and the US Treasury have said businesses do not have to report payments of $10K or more in digital assets until both agencies have issued proposed regulations, per FOX. This update follows a prior announcement from the agencies, which clarified that businesses are not currently required to report

Executives remain committed to DEI — diversity, equity and inclusion — despite a rising backlash against it, per Axios. However, just as many executives (59%) observed an increased backlash toward DEI programming following the U.S. Supreme Court's rejection of race-based admissions policies last June, according to Littler. Moreover, nearly

93% of U.S. households' stock market wealth is held by the top 10%, per Axios. The wealthiest individuals in the United States currently possess an unprecedented share of the stock market, with the top 10% holding a record 93% of US equities, as per data from the Federal

US office vacancies nationwide hit a record high in the fourth quarter of last year, per Axios. San Francisco metro area had the most office square feet vacated in the US in 2023, per Axios. In San Francisco, the current vacant office space surpasses the equivalent of more than 20

San Francisco metro area had the most office square feet vacated in the US in 2023, per Axios. In San Francisco, the current vacant office space surpasses the equivalent of more than 20 Salesforce Towers, as per preliminary data from real estate firm CBRE. In the fourth quarter, 35.9%

Many Americans are "consuming in denial" — continuing to spend and run up credit card bills even though they're short on cash — and that "they're looking to deflect some of the blame" to leaders in government, per Axios. Meanwhile, this month, the overall

99% of Americans live near a Mexican restaurant, per Axios. The prevalence of Mexican cuisine in the United States has reached a point where an astounding 99 percent of Americans live in close proximity to a Mexican restaurant, according to an analysis by the Pew Research Center. Drawing on data

Jamie Dimon, CEO of $JPM, has said “I don't like how Trump said things, but he wasn't wrong about those critical issues. That's why they're voting for him. People should be more respectful of our fellow citizens. I think this negative talk

Apple, $AAPL, must stop selling watches with blood oxygen feature after U.S. Appeals Court reinstates ban on Jan 18, per Bloomberg. Wednesday's court order didn't make a definitive ruling on Apple's attempt to overturn the U.S. International Trade Commission's ban

US Navy Seals boarded a boat heading for Yemen and seized Iranian-made missile components and other weaponry bound for Houthi forces, per the Guardian. Per CNN: https://www.cnn.com/2024/01/16/politics/us-raid-iran-houthis/index.html#:~:text=Washington%20CNN%20%E2%80%94-,The%20US%20Navy%20seized%20Iranian%2Dmade%

The stock market could soar as much as 30% next year as expectations grow for the Fed to slash rates and inflation to drop 'like a rock,' Fundstrat's Tom Lee has said per BI. According to Tom Lee of Fundstrat, there is a possibility that the

Mark Zuckerberg of $META has said he's raising cattle on beer and macadamia nuts to "create some of the highest quality beef in the world," per CNBC. Meta CEO Mark Zuckerberg revealed on Tuesday that he is engaged in cattle farming at his Hawaiian ranch, sharing

Xi Jinping expressed China's willingness to collaborate with the United States to enhance relations between the world's largest economies. In a letter dated January 4, Xi emphasized China's commitment to promoting stable, healthy, and sustainable development of China-US relations, as reported by the Foreign

Europe is preparing for Russian President Vladimir Putin to expand his country’s war in Ukraine and attack NATO ally countries next year, per NYP. According to the report, which obtained the classified military information from the German Ministry of Defense, the armed forces of the country are preparing for

Javier Milei is standing by closing Argentina’s central bank, per Bloomberg. President Javier Milei, lauded for his pragmatic approach since assuming office, is reaffirming one of his most contentious campaign promises: the closure of Argentina's central bank. In an interview with Radio La Red on Thursday, Milei

Biden has announced a plan to erase students for loan debts under $12K, per FOX. President Biden announced on Friday that next month, the remaining debts of certain student loan borrowers enrolled in the Saving on Valuable Education (SAVE) plan will be forgiven. The plan, criticized by Republicans who argue

Russian President Vladimir Putin, running for a new six-year term, has said that past U.S. elections had been rigged by postal voting, per Reuters. Russian President Vladimir Putin, seeking reelection for a new six-year term in an election criticized by opponents as a mockery of democracy, asserted on Tuesday

A federal judge has halted JetBlue Airways Corp.'s $3.8 billion acquisition of Spirit Airlines Inc., stating that the merger would impede competition and lead to increased fares for consumers. US District Judge William G. Young agreed with the federal government, expressing concerns that the combination would negatively

Vivek Ramaswamy, a 38-year-old entrepreneur and newcomer to politics, recently exited the race for the Republican presidential nomination. His short-lived campaign was marked by bold policy ideas and a notable self-assurance. This decision followed a lackluster performance in the Iowa caucuses, where he finished in fourth place. Following his withdrawal,

Trump wins Iowa Caucus, per CBS. According to projections from Edison Research on Monday, Donald Trump emerged victorious in the first 2024 Republican presidential contest in Iowa, underscoring his continued influence within the party as he pursues a third consecutive nomination. Edison projected that Florida Governor Ron DeSantis and former