The US Federal Reserve has held interest rates

Federal Reserve Chair Jerome Powell indicated on Wednesday that interest rates might be lowered as early as September if the U.S. economy progresses as anticipated. This decision positions the central bank near the conclusion of a prolonged fight against inflation, spanning over two years, and coincides with the lead-up

The Supreme-Leader of Iran, Ali Khamenei has ordered the Iranian Armed Forces to launch a direct strike against Israel

Iranian Supreme Leader Ayatollah Ali Khamenei ordered a direct strike on Israel during an emergency meeting of Iran’s Supreme National Security Council, according to a report by the New York Times on Wednesday. The order was issued in retaliation for the assassination of Ismail Haniyeh, a leader of the

A U.S. judge has ordered Wells Fargo, $WFC, to face a lawsuit alleging it defrauded shareholders by proclaiming its commitment to hiring diversity, even as it conducted sham job interviews of non-white and female applicants it had no plans to hire

A U.S. judge has ordered Wells Fargo, $WFC, to face a lawsuit alleging it defrauded shareholders by proclaiming its commitment to hiring diversity, even as it conducted sham job interviews of non-white and female applicants it had no plans to hire, per Reuters. A U.S. judge has ruled

Morgan Stanley, $MS, has named Tesla, $TSLA, as its new top pick in the U.S. auto sector, replacing Ford, $F

Morgan Stanley, $MS, has named Tesla, $TSLA, as its new top pick in the U.S. auto sector, replacing Ford, $F. Tesla (TSLA.O) shares surged nearly 6.3% on Monday after Morgan Stanley designated it as the "top pick" in the U.S. automotive sector, replacing Ford

University of Alabama has shuttered DEI offices, joining Texas and Florida schools

Three Alabama universities have shut down their diversity, equity, and inclusion (DEI) offices to comply with a new state law. The University of Alabama (UA) System, which includes the University of Alabama in Tuscaloosa, the University of Alabama at Birmingham, and the University of Alabama in Huntsville, announced on Tuesday

Texas officials say Meta, $META, agrees to $1.4 billion settlement over claims tech giant used biometric data without permission

Meta has agreed to pay a record $1.4 billion to settle a lawsuit with the state of Texas over the unauthorized use of biometric data by Facebook users, according to Texas Attorney General Ken Paxton. The lawsuit, filed by Paxton in February 2022, alleged that Meta collected and used

McDonald's, $MCD, reported a surprise drop in sales worldwide, its first decline in 13 quarters

McDonald's, $MCD, reported a surprise drop in sales worldwide, its first decline in 13 quarters. McDonald's reported a surprising decline in global sales on Monday, marking its first drop in 13 quarters. The decrease is attributed to cost-conscious consumers avoiding higher-priced menu items, such as Big

Short seller Andrew Left, who shorted GameStop, $GME, surrenders on securities fraud charges in L.A., due in court

The Department of Justice announced on Friday that Andrew Left, a securities analyst, trader, and television commentator on networks like CNBC and Fox Business, faces charges of securities fraud. He is charged with one count of engaging in a securities fraud scheme, 17 counts of securities fraud, and one count

39% of homes in the US don't have a mortgage

The current real estate market is heavily favoring the ultra-wealthy, who are making record numbers of all-cash purchases of luxury homes. This trend is occurring in one of the least affordable housing markets in the U.S. in decades, effectively shutting out younger generations from homeownership. It's been

39% of homes in the US don't have a mortgage

The current real estate market is heavily favoring the ultra-wealthy, who are making record numbers of all-cash purchases of luxury homes. This trend is occurring in one of the least affordable housing markets in the U.S. in decades, effectively shutting out younger generations from homeownership. It's been

Chipotle’s, $CMG, CEO has stated there will be plans to “retrain” and “re-coach” restaurant operators who may be skimping out on sizes

Chipotle CEO Brian Niccol announced this week that the company is committed to providing generous and consistent portion sizes across all its locations. This statement came after customers expressed concerns on social media, accusing the fast-casual chain of reducing the amount of ingredients in its popular burrito bowls. "There

Kamala Harris' campaign says it has raised $200 million

Kamala Harris raised $200 million in the week following her endorsement by Joe Biden, her team reported, indicating a surge of enthusiasm for her campaign. According to Harris for President, about 66% of the total donations came from first-time donors, reflecting what the campaign described as "unprecedented grassroots support.

Adults in their prime childbearing years are having fewer kids than the generations before them

Adults in their prime childbearing years are having fewer children than previous generations, with the U.S. fertility rate hitting a record low in 2023. While individual reasons for not having children vary, the rising cost of living is a significant factor for younger generations. According to a new report

The wealthiest 1% holds 49% of stocks, worth $19.73 trillion

The wealthiest 1% holds 49% of stocks, worth $19.73 trillion. Most Americans hold stocks indirectly through mutual funds, index funds, or retirement accounts like a 401(k). A smaller portion directly holds stocks by purchasing individual shares. According to the Federal Reserve, the following data shows how many U.

Millennials are now the least likely to care about finding day-to-day enjoyment from their work

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

The US national debt has hit $35 trillion

The US national debt has hit $35 trillion.  Today, the United States’s national debt reached another alarming milestone – our national debt is a staggering $35 trillion. House Budget Committee Chairman Jodey Arrington (R-TX) released the following statement on this milestone: Chairman Arrington's Statement: Background: The gross national

US President Biden is expected to unveil a new proposal for "dramatically reforming" the US Supreme Court (SCOTUS)

President Biden is expected to announce support for establishing term limits for Supreme Court justices and implementing an enforceable code of ethics. This marks a significant shift for a president who has previously resisted calls for major changes to the high court. Additionally, Biden is anticipated to advocate for a

Apple, $AAPL, storefront employees in Maryland have secured the first-ever tentative union contract at $AAPL

Apple, $AAPL, storefront employees in Maryland have secured the first-ever tentative union contract at $AAPL. The deal is pending approval by approximately 85 employees in the bargaining unit, who are scheduled to vote on it on August 6. The agreement includes provisions on scheduling, severance, and subcontracting, and stipulates that

Kamala Harris and her husband maintain a largely low-risk portfolio of assets, including passive investments and cash

Former President Donald Trump’s net worth increased by nearly $900 million on Monday as shares of Trump Media & Technology Group surged during intraday trading. This marks the company's largest single-day gain since going public in March, despite a recent drop in the value of his stake

Dave Ramsey says he never bought single stocks

In a recent conversation with Theo Von, Dave Ramsey shared his unfiltered opinions on real estate and investments. Ramsey was blunt, saying, "I hear this stuff on social media that real estate's passive income – bull crap. There's nothing passive about it, dude. You're

One of the least affordable US housing markets in decades is freezing residential real estate sales and shutting out a generation of aspiring homeowners

One of the least affordable US housing markets in decades is freezing residential real estate sales and shutting out a generation of aspiring homeowners. Despite the ongoing crisis affecting the housing market, one group remains largely unaffected: the wealthy. Overall, it's been a challenging key selling season in

Markets now pricing in three rate cuts before the end of the year following better inflation news

A key indicator for the Federal Reserve showed that inflation eased slightly in June compared to a year ago, paving the way for a widely expected interest rate cut in September. The personal consumption expenditures (PCE) price index rose by 0.1% for the month and 2.5% year-over-year, matching

Kamala Harris will keep a Biden admin pledge not to raise taxes on anyone making under $400,000 if elected in November

Vice President Kamala Harris has vowed not to raise taxes on anyone earning less than $400,000 a year if she is elected in November, her campaign informed POLITICO on Friday. This pledge continues a key promise made by President Joe Biden, who emphasized that corporations and the wealthy should

Andrew Left of Citron Research has been charged with criminal and civil charges for market manipulation and fraud

On July 26, U.S. authorities charged well-known activist short seller Andrew Left and his fund, Citron Capital, accusing them of market manipulation and defrauding investors by making misleading statements about their positions in various stocks, including Nvidia and Tesla. The Justice Department and the Securities and Exchange Commission (SEC)

Tucker Carlson has overtaken Joe Rogan on Spotify, $SPOT, and is now the #1 podcast in America

The Joe Rogan Experience has been the most popular podcast worldwide on Spotify since its arrival in 2020, though specific subscriber numbers were never disclosed. In February 2024, Rogan signed a new multiyear deal—reported to be worth up to $250 million—with Spotify, which ended the exclusivity of their