Mortgage rates may remain above 6% 'even until 2026,' Walton Global EVP of Capital Markets Katie Hubbard has said

In 2024, Americans experienced some financial relief as inflation eased, prompting the Federal Reserve to lower interest rates three times. These cuts followed a period of aggressive rate hikes that had pushed borrowing costs to their highest levels in 23 years in an effort to combat surging prices. Looking ahead

Billionaires have seen their combined wealth increase 121% over the past decade to $14 trillion

Over the past decade, the combined wealth of billionaires has surged by 121%, reaching $14 trillion, according to a report from Swiss bank UBS released Thursday. Tech billionaires saw the fastest growth in their fortunes during this period. The number of billionaires globally grew from 1,757 in 2013 to

Auto loan delinquency rates are at their highest in more than a decade

A new report highlights a troubling rise in credit card loan defaults, with experts warning that Americans’ mounting consumer debt is reaching a breaking point. During the first nine months of 2024, lenders wrote off over $46 billion in seriously delinquent credit card loans, according to data from BankRegData analyzed

Bernie Sanders has said: Elon Musk is wrong, the main function of the H-1B visa program is not to hire “the best and the brightest,” but rather to replace good-paying American jobs with low-wage indentured servants from abroad

Bernie Sanders has said: Elon Musk is wrong. The main function of the H-1B visa program is not to hire “the best and the brightest,” but rather to replace good-paying American jobs with low-wage indentured servants from abroad. The cheaper the labor they hire, the more money the billionaires make.

Wholesale egg prices are up 150% from a year ago

The rapid spread of bird flu among U.S. poultry flocks is driving egg prices to levels comparable to, or even surpassing, those seen in December 2022 during the post-pandemic inflation surge. In November, the average cost of a dozen Grade A large eggs rose to $3.65, up from

Married householders under 35 boast a median net worth 9.2 times higher than unmarried women and 3.1 times higher than unmarried men

The number of 401(k) plan participants with account balances exceeding $1 million reached a record high by the end of June, according to new data from Fidelity Investments. Approximately 497,000 individuals became so-called 401(k) "millionaires" in the second quarter, reflecting a 2.5% increase from

The U.S. lost control of Bird Flu

Nearly a year since the first cases of bird flu were identified in cattle, the virus continues to spread unchecked. Early efforts by the U.S. government to contain the outbreak by targeting dairy farms in a few states proved insufficient. Infections have now expanded to at least 860 herds

A social media post is going viral, where United Healthcare has reportedly denied medical care to a women in the Intensive Care Unit, having the physician write why the care was "medically necessary"

Dr. Zachary Levy shared a social media post that has gone viral, alleging that UnitedHealthcare denied medical claims for one of his patients who is in a coma. Levy stated that the patient, who is in the ICU with a brain hemorrhage, heart failure, and is on a ventilator, had

The Cybertruck now officially qualifies for the full $7,500 Fed EV credit

The base version of the Tesla Cybertruck is now eligible for a $7,500 federal tax credit in the U.S., a move that could help boost sales amid challenges with demand. However, this incentive may be short-lived as both Tesla CEO Elon Musk and President Donald Trump have expressed

Biden discussed plans to strike Iran nuclear sites if Tehran speeds toward bomb

White House National Security Adviser Jake Sullivan recently presented President Biden with potential options for a U.S. strike on Iran's nuclear facilities in case Iran moves toward developing a nuclear weapon before January 20, according to three sources familiar with the matter who spoke to Axios. The

Elon Musk has said: Cybertruck is the worst possible choice for a car bomb, as its stainless steel armor will contain the blast better than any other commercial vehicle

Authorities are investigating an explosion involving a Tesla Cybertruck on Wednesday outside the Trump Las Vegas hotel, treating the incident as a possible act of terrorism. The Las Vegas Metropolitan Police Department reported that the explosion occurred in the valet area at the entrance of the hotel. While the fire

FBI is currently hunting a terror cell in New Orleans as 3 men, 1 woman were seen planting IEDs around the city

Louisiana Governor Jeff Landry has declared a state of emergency in New Orleans following a terrorist attack on Bourbon Street early New Year's Day that left at least 10 people dead and 35 others injured. The declaration will allow state resources to be mobilized quickly to enhance safety

Tesla, TSLA, Cybertruck explosion at the Trump Hotel in Las Vegas being investigated as a possible act of terro

Authorities are investigating an explosion involving a Tesla Cybertruck on Wednesday outside the Trump Las Vegas hotel, treating the incident as a possible act of terrorism. The Las Vegas Metropolitan Police Department reported that the explosion occurred in the valet area at the entrance of the hotel. While the fire

Pipe bombs were found in truck used in New Orleans attack and were wired for remote detonation

Louisiana Governor Jeff Landry has declared a state of emergency in New Orleans following a terrorist attack on Bourbon Street early New Year's Day that left at least 10 people dead and 35 others injured. The declaration will allow state resources to be mobilized quickly to enhance safety

Louisiana Governor declares state of emergency

Louisiana Governor Jeff Landry has declared a state of emergency in New Orleans following a terrorist attack on Bourbon Street early New Year's Day that left at least 10 people dead and 35 others injured. The declaration will allow state resources to be mobilized quickly to enhance safety

Tesla, TSLA, Cybertruck explosion at the Trump Hotel in Las Vegas

Authorities are investigating an explosion involving a Tesla Cybertruck on Wednesday outside the Trump Las Vegas hotel, treating the incident as a possible act of terrorism. The Las Vegas Metropolitan Police Department reported that the explosion occurred in the valet area at the entrance of the hotel. While the fire

FBI says it believes New Orleans terror suspect was not solely responsible

An Army veteran, intent on causing mass casualties, drove a rented pickup truck through barricades and into a crowd of New Year’s revelers on Bourbon Street in New Orleans early Wednesday. The attack, which spanned several blocks of the historic French Quarter, left at least 15 people dead and

Trump said "we need a lot of people coming in"

Donald Trump ended 2024 alongside Elon Musk, highlighting an ongoing divide within his MAGA coalition over skilled immigration policies, particularly the H-1B visa program. Despite his allies’ criticism of the system, Trump struck a notably different tone, signaling a shift in his stance. When asked about his support for H-1B

Bitcoin will replace gold as the leading 'store of value' over the next decade

Bitcoin Hits $100,000 for the First Time, Signaling a Shift in Global Store of Value, Says Bernstein Bitcoin has surpassed $100,000 for the first time, marking a major milestone that positions it as a potential replacement for gold as the world’s leading store of value, Bernstein said

Women will control over 50% of the global wealth market in next 5 years, Ida Liu of Citi Private Bank has said

Women’s Wealth Is Rising Worldwide, Shaping the Future of Finance and Philanthropy Women are gaining control of unprecedented sums of money globally, signaling transformative changes in wealth management and philanthropy. In the United States, women are projected to control $34 trillion in investable assets by 2030, nearly double last

Chamath has said: Average Americans buy S&P 500 index ETFs, in part, because Buffett told them to

S&P 500 and Total Stock Market Surge Over 30% in 2024; Buffett and Fisher Highlight Contrarian and Fundamental Investing The S&P 500 and Vanguard's Total Stock Market Index Fund (VTI) have experienced remarkable growth in 2024, rising nearly 34% and 32%, respectively, over the

China’s Xi Jinping warns that no-one can stop China's reunification with Taiwan

Xi Jinping Reaffirms Commitment to Taiwan "Reunification" in New Year's Address Chinese President Xi Jinping reiterated China's resolve to achieve "reunification" with Taiwan during his New Year's speech on Tuesday, issuing a stark warning to pro-independence advocates both on the

UnitedHealth gave doctors checklists and bonuses linked to diagnosing the company’s Medicare Advantage patients

UnitedHealth's Medicare Advantage Strategy and Broader Medicare Developments UnitedHealth Group has faced scrutiny for its approach to Medicare Advantage, as well as wider shifts in Medicare policy under the Biden administration. Here's a breakdown of recent developments: Stat: UnitedHealth Encouraged Doctors to Maximize Medicare Advantage Diagnoses

Senator Bernie Sanders announces he will introduce legislation to cap credit card interest rates at 10%

Sen. Bernie Sanders, I-Vt., expressed his eagerness to collaborate with the Trump Administration and urged President-elect Donald Trump to honor his campaign promise regarding a cap on interest rates. "I look forward to working with the Trump Administration on fulfilling his promise to cap credit card interest rates at

U.S. auto sales next year expected to be best since 2019

U.S. new vehicle sales are projected to reach their highest level since 2019 next year, driven by lower interest rates and improving affordability, according to industry analysts. Cox Automotive forecasts new light-duty vehicle sales to hit 16.3 million in 2025, slightly surpassing projections from S&P Global