On Monday, investment platform Robinhood briefly suspended trading amid a major stock market sell-off. The S&P 500 fell 4% in early trading, while the Dow Jones Industrial Average dropped 1,197 points, or 3%, by 9:35 a.m. The market turmoil led to a similar 12.4%

Elon Musk’s X, the social network formerly known as Twitter, will be closing its San Francisco office, marking the end of the company's presence in the city where it was founded in 2006. CEO Linda Yaccarino informed employees via email that X will vacate its Market Street

Goldman Sachs Group (GS) analysts have noted that while the risk of a recession in 2025 remains relatively low, it is increasing. They now estimate a 25% chance of a U.S. recession next year, up from a previous estimate of 15%. However, they emphasize that the overall economic data

Trump forecasted a “GREAT DEPRESSION OF 2024, NOT TO MENTION THE PROBABILITY OF WORLD WAR III” if Harris were elected, labeling the Biden-Harris administration as “VERY STUPID PEOPLE” and telling his followers, “REMEMBER, TRUMP WAS RIGHT ABOUT EVERYTHING!!!” On Monday, Trump referred to the global market downturn—triggered by a

A report indicates that several major brokerages, including Charles Schwab, Fidelity, Vanguard, TD Ameritrade, E-Trade, UPS, CenturyLink, and Interactive Brokers, are currently experiencing outages and errors amid market crashes. On social media, there are numerous complaints about these brokerages. One broker advised clients not to call, stating, “My broker, which

Wharton’s Jeremy Siegel called for an emergency 75 basis-point cut in the federal funds rate on Monday, following Friday’s disappointing jobs report. Siegel, a professor emeritus of finance at the University of Pennsylvania’s Wharton School, also suggested that the Federal Reserve should indicate another 75 basis-point cut

Iran has announced its intention to attack Israel, according to Israeli Foreign Minister Israel Katz. This announcement comes amid urgent diplomatic efforts to prevent a direct military conflict between Iran and Israel. The information was relayed to Israel via Hungary's Foreign Minister, Péter Szijjártó, who communicated that he

Bond traders are increasingly betting that the U.S. economy is heading toward a sharp downturn, prompting speculation that the Federal Reserve might need to aggressively ease monetary policy — possibly before its next scheduled meeting — to prevent a recession. Concerns about high inflation have largely faded, replaced by fears that

Warren Buffett’s Berkshire Hathaway sold off nearly half of its substantial Apple stake last quarter, a move that contrasts with the investor’s reputation for long-term commitment. In its earnings report, Berkshire revealed that its Apple investment was valued at $84.2 billion at the end of the second

Last month, Musk also mentioned on X that he believes there could be more than 1,000 people with Neuralink implants by 2026. Neuralink officially implanted its first brain chip into patient Noland Arbaugh in January, following FDA approval to start clinical trials in May and the initiation of the

Last week, Argentina unveiled plans to employ artificial intelligence to "predict future crimes" before they occur. This initiative, once confined to the realm of science fiction, was announced by the country’s Ministry of Security as part of a new Artificial Intelligence Unit Applied to Security. The unit

Gen. Michael Kurilla’s visit to the region was scheduled before the recent escalation involving Israel, Iran, and Hezbollah. However, he is expected to use the trip to rally the same international and regional coalition that previously supported Israel during an attack from Iran on April 13, according to a

Elon Musk has said: Civil war is inevitable. Elon Musk has predicted: "Civil war is inevitable." U.S. billionaire entrepreneur Elon Musk has suggested that the growing unrest in the United Kingdom might escalate into a civil war. Protests erupted across multiple cities in the UK on Saturday

The U.S. military will send additional fighter jets and Navy warships to the Middle East, according to a Pentagon announcement on Friday. This move aims to strengthen defenses amid threats from Iran and its allies, Hamas and Hezbollah. The deployment comes in response to Iran's threat to

Home listings are increasing as buyers step back from the peak home shopping season more quickly than usual, according to Zillow's latest monthly report. Skylar Olsen, Zillow's chief economist, commented, "An increasing number of homes that are not competitively priced or well marketed are staying

Car repossessions surged in the first half of the year, reflecting growing consumer financial stress as the US Federal Reserve considers interest rate cuts. In 2024, repossessions have increased by 23% compared to the same period last year, according to Cox Automotive data. The rise in seizures, driven by high

The Federal Reserve held interest rates steady Wednesday but hinted that it is nearer to easing monetary policy as it cited "some further" progress on inflation and Fed Chair Jerome Powell told reporters a September cut "could be on the table." "We think the time

The Sahm rule, which is used to indicate the onset of a recession, has officially been triggered. The rule reached 0.5%, meaning the three-month moving average of the unemployment rate is now 0.5% above the lowest point in the past year. Bank of America has provided historical context

Mass unemployment and visions of a future where everyone can pursue their passions instead of traditional careers are often discussed in relation to the impact of generative A.I. While the specifics of how A.I. will reshape the workforce remain open to debate, experts and workers agree that significant

A report by The Wall Street Journal (WSJ) on Monday evening (June 17) delves into the challenges faced by those trying to earn a living through social media content creation. The report highlights the competitive nature of the field, noting data from Goldman Sachs that shows 50 million people currently

The number of Americans applying for unemployment benefits surged to its highest level in a year last week, reflecting ongoing challenges amid a period of elevated interest rates. For the week ending July 27, jobless claims increased by 14,000 to 249,000, up from 235,000 the previous week,

Global coffee drinkers hoping for relief from rising prices are in for a bitter surprise: costs are set to increase further. Both premium arabica beans, preferred by coffee chains like Starbucks Corp., and the more affordable robusta variety have surged in price due to significant supply disruptions in countries like

Young people are increasingly prioritizing financial stability over job satisfaction, largely due to years of economic challenges that have led them to focus on earning a steady paycheck and seeking promotions. A global survey of nearly 35,000 workers revealed that millennials are now the least likely to prioritize enjoying

Immigration isn't taking jobs from Americans and is actually beneficial for the US economy, according to Nobel laureate Paul Krugman. In a New York Times op-ed, Krugman addressed economic concerns about immigration, citing claims from former President Trump that immigrants have been taking job gains away from native-born

Senator Cynthia Lummis officially introduced the Bitcoin Strategic Reserve bill, proposing the creation of a reserve fund by the United States government for the decentralized asset Bitcoin. The bill aims to establish a "decentralized network of secure Bitcoin vaults" managed by the United States Treasury. It also mandates