Gen Z may be left permanently psychologically scarred by high inflation

In a recent analysis of data provided by the Bank of England, Bloomberg discovered a surge in inflation expectations among the youth of the United Kingdom. This is noteworthy as historically, the younger demographic held lower inflation expectations compared to their older counterparts who lived through the period of heightened

The US State Department has issued a 'worldwide caution' travel alert

The US State Department has issued a 'worldwide caution' travel alert for US travellors. Per CNN: The US State Department on Thursday advised all US citizens worldwide “to exercise increased caution” due to “increased tensions in various locations around the world, the potential for terrorist attacks, (and) demonstrations

Victoria’s Secret says it will no longer prioritizing "wokeness over sexiness" after sales drop

Victoria’s Secret says it will no longer prioritizing "wokeness over sexiness" after sales drop, per NYP. Victoria's Secret has witnessed a substantial decline in revenue since it departed from its "hyper-sexualized" image, as described by a recent BusinessOfFashion.com article. To address this

Netflix, $NFLX, to increase the price for its premium service by 15% to $22.99 per month

Netflix, $NFLX, to increase the price for its premium service by 15% to $22.99 per month. exceeded expectations by adding 8.76 million global subscribers in the quarter, surpassing Wall Street's projection of 5.49 million, as reported by estimates from Street Account. This marks the highest

Biden expected to seek $60 billion for Ukraine and aid for Israel in $100 billion in funding request to Congress

Biden expected to seek $60 billion for Ukraine and aid for Israel in $100 billion in funding request to Congress, per NBC. According to multiple sources briefed on the matter, President Biden is reportedly contemplating a supplemental request of approximately $100 billion. This proposed funding would encompass defense assistance for

The 30-year fixed mortgage rate in the US just hit 8% officially

Wednesday morning saw the average rate on the widely used 30-year fixed mortgage reach 8%, marking the highest level since mid-2000, as reported by Mortgage News Daily. This notable development coincides with surging bond yields, reaching levels not witnessed since 2007. Mortgage rates, which loosely track the yield on the

The amount of cash sitting in household and non-profit checking accounts is four times more than what it was before the pandemic

The amount of cash sitting in household and non-profit checking accounts is four times more than what it was before the pandemic, per Bloomberg. Americans outside the wealthiest 20% of the country have run out of extra savings and now have less cash on hand than they did when the

Canada ‘absolutely’ can’t build more houses without more immigrants, Deputy Prime Minister Chrystia Freeland has said

Canada ‘absolutely’ can’t build more houses without more immigrants, Deputy Prime Minister Chrystia Freeland has said per the Globe. Canada’s population growth from immigration is causing rents to surge in its biggest cities, per Bloomberg. They showed this figure: Prime Minister Justin Trudeau’s government plans to welcome

New Jersey had the highest rate of foreclosures in the US in the third quarter of 2023

New Jersey had the highest rate of foreclosures in the US in the third quarter of 2023, with 1 in every 595 properties with a foreclosure filing, per ATTOM. The number of homeowners hit with foreclosure notices in the third quarter of the year jumped 34% from a year ago

The median age of a homebuyer in the U.S. is 36, the oldest-ever in data going back to 1981

The median age of a homebuyer in the U.S. is 36, the oldest-ever in data going back to 1981, according to the National Association of Realtors. “Even though millennials are the largest adult generation in the U.S., they had a shrinking share of buyers in the market last

Americans now need to make $114,627 a year to afford a median-priced US home, an all time high

Americans now need to make $114,627 a year to afford a median-priced US home, an all time high, per Redfin. In its most recent report, the real estate company noted that soaring mortgage rates and continually rising home prices have created significant challenges for Americans aspiring to buy a

ACT test scores fall to lowest levels in 32 years

ACT test scores fall to lowest levels in 32 years, per Axios. The 2023 composite score, an average of the scores for the English, math, reading and science sections, was 19.5 out of 36. This was the lowest since at least 1991, per Axios. Achievement scores across all age

IDF says Palestinian Islamic Jihad (PIJ) rocket hit Gaza hospital while firing at Israel

IDF says Palestinian Islamic Jihad (PIJ) rocket hit Gaza hospital while firing at Israel, per Reuters Gaza authorities claimed that an Israeli air strike on Tuesday killed approximately 500 people at a hospital in the Palestinian enclave. However, Israel contends that the blast was caused by a Palestinian barrage. This

The IRS will officially launch a free online tax filing service for the 2024 tax season

The IRS will officially launch a free online tax filing service for the 2024 tax season, per MorePerfectUnion. The Internal Revenue Service (IRS) is moving forward with its initiative to develop a free tax filing program, named Direct File, and has announced the availability of a pilot version for certain

White House to ask Congress for $100 billion for Ukraine, Israel and border security

White House to ask Congress for $100 billion for Ukraine, Israel and border security, per Bloomberg. However, there is uncertainty about the fate of any legislation in Congress, which under U.S. law controls spending. The Republican-led House of Representatives has been without a speaker and unable to pass legislation

Israel has asked the US for $10 billion in emergency aid

Israel has asked the US for $10 billion in emergency aid, per CBS. srael has reportedly requested $10 billion in emergency military aid from the United States, as per information from three officials familiar with the matter, as reported by The New York Times. The aid package, currently in progress

Americans between the ages of 50 and 59 have around $189,800 in their 401(k)s

Americans between the ages of 50 and 59 have around $189,800 in their 401(k)s, per Fidelity. The average 401(k) balance for a Gen Zer is about $7,100, per Fidelity. Meanwhile, the retirement savings of Gen Z has come into question as a new report shows

Workers with in-person jobs spend about $51 a day that they wouldn't remotely

Owl Labs' "State of Work" report for 2023 revealed that 66% of U.S. employees returning to the office for a full workweek spend an average of $51 per workday, emphasizing the increased cost of in-person work compared to pre-pandemic times, as stated by Owl Labs CEO

Costco, $COST, is selling one-ounce gold bars and they are selling out within a few hours

Costco, $COST, is selling one-ounce gold bars and they are selling out within a few hours, per CNBC. Reportedly, they were recently fetching just under $1,900, as per discussions on Reddit. As of Wednesday afternoon, spot gold was trading at $1,876.56 per ounce. Irrespective of the price,

The number of homeowners hit with foreclosure notices in the third quarter of the year jumped 34% from a year ago to nearly 125,000

The number of homeowners hit with foreclosure notices in the third quarter of the year jumped 34% from a year ago to nearly 125,000, per ATTOM. They were up 28% from the previous quarter. The report also indicates a total of 37,679 U.S. properties with foreclosure filings

Biden campaign published first post on Trump's Truth Social

Biden campaign published first post on Trump's Truth Social, DWAC. Joe Biden’s prospective 2024 re-election campaign has joined Truth Social, a right-wing social media platform founded by the former Republican president Donald Trump. Under the username @BidenHQ, the account identifies itself as a “project of Biden-Harris 2024”

Treasury Secretary Janet Yellen has said: US can afford support two wars and can afford to give aid to Ukraine and Israel

Treasury Secretary Janet Yellen has said: US can afford support two wars and can afford to give aid to Ukraine and Israel. "America has the capacity to stand by Israel and meet its military requirements, while simultaneously supporting Ukraine in its resistance against Russia," Yellen expressed in an

The U.S. military has selected roughly 2,000 US troops to prepare for a potential deployment to support Israel

The U.S. military has selected roughly 2,000 US troops to prepare for a potential deployment to support Israel, per WSJ. Approximately 2,000 U.S. troops have received prepare-to-deploy orders in readiness to potentially assist Israel, as confirmed by a defense official. At present, the troops are not

Shipping giant Maersk is teaming up with Elon Musk’s SpaceX Starlink satellite network to equip hundreds of container vessels with high-speed internet access

Shipping giant Maersk is teaming up with Elon Musk’s SpaceX Starlink satellite network to equip hundreds of container vessels with high-speed internet access, per Bloomberg. Maersk announced plans to equip its vessels with Starlink internet service, anticipating completion by the first quarter of the next year. The SpaceX-built satellite

Target, $TGT, lost about $219.5 million to shrink and theft during the three months ended July 29

Target, $TGT, lost about $219.5 million to shrink and theft during the three months ended July 29. Target, $TGT, said it will close nine stores across the country after struggling with crime and safety threats at those locations. "We cannot continue operating these stores because theft and organized