Bessent has said Trump may declare a national housing emergency this fall to address soaring prices and shrinking supply

Treasury Secretary Scott Bessent said on Monday that the Trump administration is considering declaring a national housing emergency in response to soaring home prices and limited supply. Speaking to the Washington Examiner in a Labor Day interview, Bessent noted that such a move could come as soon as the fall.

U.S. Judge issues sealed decision in Google, GOOGL, online search monopoly case

A U.S. court ruling delivered by Judge Amit Mehta largely favored Google, easing fears of a breakup of its search business. The decision allows Google to keep Chrome and Android, as well as its lucrative default search agreements with Apple and others, though the company must share search data

Robinhood, HOOD, CEO Vlad Tenev has said investing for a living could replace labor in a post-AI world

Robinhood CEO Vlad Tenev argued that investing is becoming increasingly important as work alone may no longer be enough to secure financial stability in the future. He emphasized the need for individuals to start investing early—even encouraging parents to get their children involved—and suggested that both private companies

Trump's major announcement today "related to the Department of Defense"

The U.S. military carried out what officials described as “a lethal strike” on a suspected Venezuelan drug vessel, Secretary of State Marco Rubio announced Wednesday, escalating tensions between Washington and Caracas. President Donald Trump previewed the strike earlier in the day during remarks at the White House, telling reporters

70% of Gen Z feels financial FOMO while scrolling social media

More than half of Americans (51%) admit that seeing what others buy on social media motivates them to spend, often out of fear of missing out. About one in ten say they’ve made a purchase in just the past week for this reason, per Empower. The tendency is strongest

Saudi Arabia wants to be world's third-largest AI provider after the U.S. and China

Saudi Arabia is aiming to position itself as one of the world’s leading providers of artificial intelligence, according to Tareq Amin, CEO of the Saudi AI company Humain. Ambition to Compete Globally “Our ambition is very clear. We want to be the third-largest AI provider in the world, behind

Hiring for new graduates in the 15 largest companies fell by over 50% since 2019

As millions of students prepare to graduate this spring, their chances of landing that crucial first job—the one that kickstarts a career—appear increasingly uncertain. Beyond a cooling economy burdened by tariff-related uncertainty, the rise of artificial intelligence is now threatening the entry-level roles that have long functioned as

51% of Americans said they wouldn’t buy a house this year at any mortgage rate

ChatGPT said: Five years after the pandemic-era housing boom, U.S. homeowners appear more reluctant than ever to re-enter the market, according to Bankrate’s 2025 Mortgage Rates Sentiment Survey. The survey found that 51% of homeowners would be uncomfortable buying another home at any mortgage rate this year, a

U.S. tariffs may cool inflation for the rest of the global economy

As American consumers and the Federal Reserve continue to deal with the effects of President Donald Trump’s tariffs on inflation, the global picture looks somewhat different, with some countries actually seeing modest price relief. In the U.S., inflation hasn’t spiked as much as some feared, but it

73% of workers in tech say they feel stuck in their current job

The Great Resignation is quickly fading as more workers choose to stay in their current roles, a trend that’s being described as “job hugging.” The 2025 Eagle Hill Consulting Employee Retention Index suggests this stickiness will persist for at least the next six months. Korn Ferry, which coined the

Bank of America raises gold forecast, noting Trump threat to Federal Reserve independence

Bank of America has lifted its gold price forecast, pointing to mounting concerns about the future independence of the Federal Reserve. In a new outlook, analysts said they now expect gold to hit a record $4,000 an ounce by the first half of 2026, following a rally that recently

Fed's Cook has sued Trump for trying to fire her from the Fed

Federal Reserve Governor Lisa Cook has filed a lawsuit against President Donald Trump over his move to dismiss her, escalating the dispute into a legal fight that could test the limits of presidential authority over the central bank. Cook is asking the court to invalidate Trump’s order, calling it

Uber, UBER, users in Atlanta are canceling rides with human drivers until they match with one of Waymo's self-driving cars

Uber riders are increasingly skipping human drivers in favor of Waymo’s autonomous taxis, often rejecting multiple ride offers until they finally match with a Robotaxi. Some users describe it as a “game,” with one passenger noting he declined more than 20 rides before securing an autonomous trip. Riders say

Nvidia, NVDA, is in talks with US to sell AI chip to China, and willing to give US cut of Blackwell China sales

Nvidia CEO Jensen Huang said on Thursday that he has been in discussions with the Trump administration about potentially selling the company’s powerful Blackwell chip to China, emphasizing that broad adoption of American technology worldwide could give the U.S. an edge in the global AI race. In an

Florida's housing market was once red-hot. Now it's one of the coldest in the country

Florida’s once “red-hot” housing market has cooled sharply, weighed down by surging insurance costs, repeated natural disasters, and a surge in available inventory, which has shifted bargaining power toward buyers in many parts of the state. Cities such as Cape Coral–Fort Myers and Tampa illustrate the trend most

Trump has called for billionaire Democratic donor George Soros to face racketeering and corruption charges

On Wednesday, President Donald Trump used his social media platform Truth Social to call for billionaire George Soros and his son to be charged under the Racketeer Influenced and Corrupt Organizations (RICO) Act. “George Soros, and his wonderful Radical Left son, should be charged with RICO because of their support

U.S. economy expanded 3.3% in Q2, with growth even stronger than initially thought

The U.S. economy expanded more quickly than anticipated in the second quarter as both consumers and businesses weathered the turbulence from tariffs. Gross domestic product grew at a 3.3% annualized rate from April through June, according to the Commerce Department’s second estimate released Thursday. That marked an

Trump announces that a dividend could be dispersed to the American people from tariff revenue

U.S. President Donald Trump on Sunday floated the idea that Americans, particularly those in the middle- and lower-income brackets, could receive some form of direct financial benefit as a result of tariffs his administration has imposed on U.S. trading partners. Speaking to reporters, Trump suggested that revenues collected

Sam Altman has said that AI may be in a bubble

OpenAI CEO Sam Altman believes the artificial intelligence sector is showing signs of a bubble, The Verge reported Friday. “When bubbles happen, smart people get overexcited about a kernel of truth,” Altman told a small group of reporters last week. He added: “Are we in a phase where investors as

Goldman Sachs says potential stablecoin market could reach trillions of dollars

U.S. Treasury Secretary Scott Bessent believes stablecoins will play a growing role in supporting demand for U.S. Treasuries, and that the government will issue more short-term debt to meet that appetite, according to the Financial Times. The paper reported that Bessent has been telling Wall Street he sees

The median age of first-time homeowners is now 38 years old, an all-time high

The median age of first-time U.S. homebuyers climbed to a record 38 years in 2024, up from 35 the year before and far older than the late-20s buyers who dominated the market in the 1980s, according to the National Association of REALTORS® (NAR). The shift underscores how affordability pressures—

65% of employees reported feeling “stuck” in their current positions

The once-dominant job-hopper is fading fast while the job-hugger has taken center stage, according to Bank of America’s latest research. The pandemic’s Great Resignation in 2022 marked the peak of job-switching, but data now shows workers are increasingly staying put. Consulting firm Korn Ferry recently described the 2025

Trump’s tax law cuts income for the poorest 10% by $1,200 per year

The Congressional Budget Office (CBO) projected Monday that the poorest 10% of U.S. households will lose roughly $1,200 in resources each year under the new “One Big Beautiful Bill Act,” a hit equal to about 3.1% of their income. By contrast, households in the top 10% of

Denmark has summoned the top U.S. diplomat after the national broadcaster reported that at least three people with connections to President Donald Trump have been carrying out covert influence operations in Greenland

Denmark’s foreign minister has called in the senior U.S. diplomat in Copenhagen following intelligence reports suggesting that American citizens have carried out covert influence activities in Greenland, the ministry confirmed Wednesday. According to Danish broadcaster DR, citing unnamed sources, officials believe at least three U.S. nationals linked

91% of Bank of America, BAC, fund managers surveyed indicated that American stocks are overvalued

Roughly 91% of investors now say U.S. stocks are overvalued, the highest share since records began in 2001, according to Bank of America’s latest global fund manager survey. Even though allocations to global equities climbed to the strongest level since February, a net 16% of respondents still reported