Americans are now paying an average of $12,182 to own and operate a brand-new vehicle, or $1,015 per month, per the AAA. Meanwhile, buying a car has become extremely expensive as now only 8% of new vehicles cost less than $30,000, down from 38% during pre-pandemic levels,

Real estate investors have bought 45% fewer homes than a year ago. That’s the biggest decline since 2008 with the exception of the quarter before, when they dropped 48% As the housing market in the United States displays signs of cooling after a prolonged period of rapid growth, there

The median income last year was $74,580 compared with $76,330 in 2021, according to the Census Bureau. The 2.3% drop in incomes was the most since 2010. It was the third-straight annual decline. Meanwhile, Americans need an average post-tax income of $68,499 to live comfortably in

The IRS has restated its promise not to increase audits for Americans making less than $400,000 a year, per CNBC. The IRS is launching an initiative to crack down on 1,600 millionaires and 75 large businesses including hedge funds that it says owe hundreds of millions of dollars

More than half of U.S. small business owners believe the economy is already in a recession, per Reuters. A survey revealed that over half of small business owners in the United States hold the belief that the economy is currently in a recession. This perception represents a slight decrease

In Toronto, Canada, restaurants have seen a double-digit decline in people dining in, suggesting pullback in discretionary spending, per OpenTable. During the initial 10 days of September, the count of patrons dining at restaurants in the city decreased by 10% in comparison to the same timeframe last year. The latest

Hunter Biden indicted on firearms charges, per CNBC. This is on three criminal counts related to his possession of a firearm. He is charged in two of the counts with lying about his illegal drug use in connection with his purchase of a Colt Cobra revolver. The third count charges

The White House has said the Biden administration has spent more than $100 billion on the war in Ukraine, per FOX. Per Fox: "The information came as a response from the White House’s Office of Management and Budget to Sen. JD Vance, R-Ohio and more than 30 Senate

Prominent figures in the tech industry, including Bill Gates, Mark Zuckerberg, and Elon Musk, convened for an unprecedented closed-door summit on artificial intelligence (AI), where they expressed concerns about the "civilizational risk" posed by evolving AI technology and advocated for AI regulation. Musk, speaking to reporters in Washington,

Three prominent Canadian banks have disclosed that approximately 20% of their residential mortgage borrowers, representing nearly $130 billion in loans, are experiencing a situation where their outstanding balances are increasing because their monthly payments no longer cover the full interest owed. This phenomenon, known as negative amortization, has been triggered

2,100+ schools in the US have switched to a 4-day week, per CNN. Just over 2,100 schools in 26 states have switched to a four-day school week, often in hopes of recruiting teachers, saving money and boosting student attendance, according to the most recent estimate from the Four-Day

The monthly reading came in at 0.6%, matching forecasts, while the core annual reading also met expectations, easing to 4.3% from 4.7% in July. As expected, the official report noted that "the index for gasoline was the largest contributor to the monthly all items increase, accounting

Google, $GOOGL, is laying off hundreds of people across its global recruiting team as hiring at the tech giant continues to slow, per Semafor. The company laid off 12,000 employees in January.  The latest round of cuts affects only recruiters but includes hundreds of full-time positions at the company.

Biden has said that global warming topping 1.5 degrees in the next 10 to 20 years is scarier than nuclear war, per CNBC. “That’d be real trouble. There’s no way back from that,” Biden said, according to a White House transcript of the press conference. “The only

Senator Mike Crapo asked SEC Chair Gary Gensler about $MMTLP. He asked about why the stock couldn't be sold. He said, "I don't think we had a full response." It was halted from December 2022. Gary Gensler said the SEC and FINRA are different,

Brian Shroder, the Chief Executive Officer of Binance.US, has departed from the cryptocurrency trading platform, and an interim replacement, Chief Legal Officer Norman Reed, has assumed the role, as confirmed by a spokesperson from the company. This leadership change occurs amidst significant workforce reductions at the company, which is

Corporate defaults are at their highest level since 2009, per S&P Global reatings. In a recent report, S&P Global Ratings revealed that corporate defaults reached a total of 16 in August, marking the highest level since 2009. S&P's findings indicate that distressed

NYPD overtime to be cut to help pay for migrant crisis, per NYP. Jacques Jiha, the budget director under Mayor Eric Adams, has instructed the city's four uniformed agencies, which encompass the police, fire, sanitation, and corrections departments, to develop strategies for reducing their overtime (OT) expenses. Jiha

France orders Apple, $AAPL, iPhone 12 sales halted over radiation. France's radiation watchdog ANFR notified Apple of its decision to ban iPhone 12 sales after it had carried out tests which showed the smartphone's Specific Absorption Rate (SAR) was slightly higher than legally allowed, Jean-Noel Barrot

The US now has more imports from Mexico than China, for the first time since 2003. This reversal of a longstanding trend occurs in the context of heightened economic tensions between the United States and China, coinciding with an escalation of geopolitical conflicts. Amid these rising tensions, American companies have

UK’s house prices are falling at the fastest pace since 2009, per Bloomberg. Nationwide Building Society said the average cost of a home fell 5.3% in August from its peak in the year ago, the fastest pace since July 2009. Values of homes were at £259,153 ($328,

Per Reuters: New York City is facing a level of homelessness - not seen since the Great Depression in the 1930s. That’s according to the Coalition for the Homeless, a not-for-profit. As of mid-August, there were more than 110,000 people sleeping in the city’s shelter system each

Elon Musk has said: Bill Gates placed a massive bet on Tesla, $TSLA dying … such a big short position also drives the stock down for everyday investors. To the best of my knowledge, Gates *still* has that massive bet against Tesla on the table. Elon Musk previously noted that he

Leading economists at some of the largest North American banks are predicting that the Federal Reserve's interest rate hikes have come to an end, and there's a likelihood of a roughly one percentage point reduction in rates next year. Although the United States is expected to

California fast food workers to get $20 minimum wage under new deal between labor and the industry. A new bill introduced in the California Legislature aims to resolve a longstanding wage and working conditions dispute between labor unions and the fast-food industry, potentially ensuring that most fast food workers in