Russia has tested its ability to deliver a massive retaliatory nuclear strike

Russia has tested its ability to deliver a massive retaliatory nuclear strike, per Reuters. Russia has conducted a successful test to demonstrate its capability of executing a substantial retaliatory nuclear strike through land, sea, and air, according to an official statement from the Kremlin on Wednesday. This show of force

The UFC has signed a new partnership with Anheuser-Busch, $BUD, that makes Bud Light once again the official beer of the promotion

The UFC has signed a new partnership with Anheuser-Busch, $BUD, that makes Bud Light once again the official beer of the promotion, per ESPN. The UFC has officially inked a new partnership with Anheuser-Busch, designating Bud Light as the promotion's official beer once again, according to officials who

McDonald’s, $MCD, is giving away free fries every Friday for the rest of the year if you download the McDonald’s app and make an account

McDonald’s, $MCD, is giving away free fries every Friday for the rest of the year if you download the McDonald’s app and make an account. McDonald's enthusiasts who are part of the rewards program can utilize the chain's app to claim the offer. To

Most US mortgages are at rates below 4%

Most US mortgages are at rates below 4%, per Bloomberg. Many Americans who desire to relocate are confined to their current homes due to "golden handcuffs" – the dilemma of low interest rates they can't afford to give up. This phenomenon is causing a shortage of homes

Cash is now paying a higher yield in interest than the stock market does in earnings

Cash is now paying a higher yield in interest than the stock market does in earnings, per Bloomberg. The fixed-income market has experienced greater volatility than stocks, and according to one metric, bond price fluctuations are expected to surpass those in the equity market by the most in over 18

64% of Americans would welcome a recession if it meant lower mortgage rates

64% of Americans would welcome a recession if it meant lower mortgage rates, per USA today. A study conducted by Harris Poll on behalf of Credit Karma, designed exclusively for USA TODAY, revealed that 64% of Americans feel "ready for a recession" if it means they can afford

Jon Stewart's show has been canceled by Apple, $AAPL

Jon Stewart's show has been canceled by Apple, $AAPL. Comedian Jon Stewart's talk show on Apple TV+ has been reportedly axed after only two seasons. Sources suggest that the cancellation was influenced by conflicts between the host and Apple, particularly regarding the show's content,

Toronto skyscraper with $1.2 billion of debt has been put in receivership

Toronto skyscraper with $1.2 billion of debt has been put in receivership, per Bloomberg. A prominent condominium development in Toronto, known as "The One," has been mired in setbacks and delays for nearly a decade. Recently, the project faced a major setback when its primary lender took

Big banks are quietly cutting thousands of employees, and more layoffs are coming

Big banks are quietly cutting thousands of employees, and more layoffs are coming, per CNBC. Throughout the year, the largest American banks have been discreetly reducing their workforce, with some of the most significant layoffs yet to occur. Despite the economy's surprising resilience, many lenders have initiated job

Morgan Stanley reverses course on the housing market, seeing a lot more pain ahead for homebuyers

Morgan Stanley reverses course on the housing market, seeing a lot more pain ahead for homebuyers. The current housing market is facing challenges not seen in quite some time, although the exact comparison period varies. Existing home sales have experienced their most significant decline since 2010, during the Great Recession,

Car owners fall behind on payments at highest rate on record

Car owners fall behind on payments at highest rate on record, per Bloomberg. In nearly three decades, Americans are experiencing the highest rate of falling behind on their auto loans. As interest rates rise, making newer loans more costly, millions of car owners are encountering difficulties in meeting their payment

$124.5 billion worth of bonds are now in default in the entire $175 billion China property dollar bond sector

$124.5 billion worth of bonds are now in default in the entire $175 billion China property dollar bond sector, per Reuters. China's property sector is expected to face more debt defaults as struggling developers grapple with a challenging outlook for home sales and difficulties in raising funds,

There were a total of 37,679 U.S. properties with foreclosure filings in September 2023, up 11% from the previous month

There were a total of 37,679 U.S. properties with foreclosure filings in September 2023, up 11% from the previous month and up 18% from September 2022, per ATTOM. The number of homeowners hit with foreclosure notices in the third quarter of the year jumped 34% from a year

Tyson Foods, $TSN, making its first foray into the insect-protein industry as the meat giant seeks to diversify its operations

Tyson Foods, $TSN, making its first foray into the insect-protein industry as the meat giant seeks to diversify its operations, per Bloomberg. Tyson Foods Inc., the prominent American meatpacker, is venturing into the insect-protein industry, marking its first involvement in this sector as part of its strategy to diversify its

China sells the most US assets in 4 years, dumping $21 billion of US stock and Treasury bonds

China sells the most US assets in 4 years, dumping $21 billion of US stock and Treasury bonds, per BI. In the month of August, Chinese investors divested $21.2 billion worth of US assets, marking the most significant outflow in four years, as reported by data from the US

States that legalize marijuana for adults see moderate economic gains after the policy change is implement but also experience an increase in social costs including substance use disorders, chronic homelessness and arrests

States that legalize marijuana for adults see moderate economic gains after the policy change is implement but also experience an increase in social costs including substance use disorders, chronic homelessness and arrests, per the Fed. States that legalize marijuana for adults see moderate economic gains after the policy change is

Home prices will still appreciate for the next three years due to low inventory

Home prices will still appreciate for the next three years due to low inventory, per the MBA. The Mortgage Bankers Association (MBA) anticipates that housing demand will recover after a period of mild recession and subsequent decreases in current high mortgage rates. According to the MBA's housing market

In the US, among young homebuyers under 35, 23% used a cash gift from family members and 21% used inheritance money for their down payment

In the US, among young homebuyers under 35, 23% used a cash gift from family members and 21% used inheritance money for their down payment, per Redfin. Around 38% of individuals below the age of 30 who are purchasing their first homes heavily relied on financial assistance from family members

An Airbnb, $ABNB, operator says he's facing losses of hundreds of thousands of dollars because of British Columbia, Canada's new short-term rental laws

An Airbnb, $ABNB, operator says he's facing losses of hundreds of thousands of dollars because of British Columbia, Canada's new short-term rental laws, per CBC. Steve Nguyen manages two Airbnb units in a downtown Victoria apartment building, one of which is themed and pays homage to

Russian President Vladimir Putin suffered a cardiac arrest in the presidential bedroom, where he was found lying on the floor of his bedroom next to overturned food and drinks about 905pm on Sunday, and regained consciousness

Russian President Vladimir Putin suffered a cardiac arrest in the presidential bedroom, where he was found lying on the floor of his bedroom next to overturned food and drinks about 9.05pm on Sunday, and regained consciousness, per unconfirmed rumors by Sky News. The group of insiders has additionally asserted

US activates deployment of defense systems 'throughout' Middle East

The Pentagon increased US military readiness in the Middle East due to recent escalations involving Iran and its proxy forces in the region. Secretary of Defense Lloyd Austin activated air defense systems and informed additional forces that they might be deployed soon. The specific number of additional US troops to

Last year, only 17% of Americans got a fall Covid booster; so far this year, it's under 3%

Last year, only 17% of Americans got a fall Covid booster. So far this year, it's under 3%, per Bloomberg. In a dire worst-case scenario, an expedited campaign for variant-specific booster shots would be a more effective means of saving lives compared to an annual autumn vaccination. According

US housing market is so expensive that home prices would have to crash 35% or mortgage rates drop four percentage points to make it considered affordable

US housing market is so expensive that home prices would have to crash 35% or mortgage rates drop four percentage points to make it considered affordable, per BI. It's now cheaper to rent than buy a home, and the gap hasn’t been this big since at least

A universal basic income is being considered by Canada's government

A universal basic income is being considered by Canada's government, per VICE. On October 17, the Senate's national finance committee is scheduled to examine a bill, as per a press release from Ontario Senator Kim Pate's office. The bill, which mirrors a counterpart in

China's wealthy are handing their money to strangers at illegal underground banks to get their money out of the country

China's wealthy are handing their money to strangers at illegal underground banks to get their money out of the country, per Bloomberg. Following the reopening of international borders after the pandemic, advisors catering to affluent individuals have reported a surge in demand for overseas contingency plans. Heightened concerns