Elon Musk, the CEO of the company that was formerly known as Twitter (now X), has apparently made a donation to a research project in Texas focused on fertility and population studies. According to a report from Bloomberg, Musk, who has expressed his concerns about the potential collapse of the

New York City has taken the step of prohibiting TikTok usage on city-owned devices and mandating the removal of the app from all municipal agencies within the next 30 days. This directive, issued on Wednesday, follows a review conducted by the NYC Cyber Command. According to a city official, the

In a surprising twist, "Barbie" has outshone "The Dark Knight" to claim the top spot in Warner Bros. Discovery's highest-grossing domestic release list. With earnings totaling $537,390,865 as of Wednesday, "Barbie" has exceeded the $534,987,076 generated by the

While many individuals are expressing concern over the possibility of a recession, Jamie Dimon, the CEO of JPMorgan, is more focused on other global threats, as revealed in an interview with The Economist released on Tuesday. Dimon predicted that American households would deplete their pandemic-related savings by the end of

Apple Inc.'s upcoming iPhone 15 is commencing production in Tamil Nadu, India, as part of the company's strategy to reduce the gap between its manufacturing operations in India and its primary manufacturing hub in China. The Sriperumbudur plant operated by Foxconn Technology Group is gearing up

Economic growth in the Netherlands is anticipated to be significantly slower than previously projected for the current year due to a recession in the first half of 2023, effectively concluding a robust post-COVID-19 recovery phase. This assessment comes from the Dutch government policy adviser CPB. The projected growth rate for

In the second quarter of 2023, total household debt in the United States witnessed an increase of $16 billion, climbing to a total of $17.06 trillion. This data comes from the Federal Reserve Bank of New York. Within this total, credit card balances, consumer loans, and auto loans have

Navigating the grocery store aisles has become an increasingly daunting task for shoppers as prices soar for everyday items that were once tossed into carts without a second thought about cost. Staples like potato chips and peanut butter have experienced significant price hikes. The annual core inflation rate increased last

The urgency of the situation is becoming increasingly apparent: Canada's housing supply is failing to keep up with the rapid growth of its population. Multiple sources, including academics, commercial banks, and policy experts, have sounded the alarm, highlighting how the surge in population due to immigration is exacerbating

During this summer, home prices have reached new record highs across a majority of the United States, a reflection of the severe shortage of housing inventory that has led to an increasingly unaffordable housing market. According to a report from Black Knight, the Home Prices Index hit an all-time high

The White House has introduced a supplementary funding proposal amounting to around $40 billion, intended to offer further assistance to Ukraine, address natural disasters, including firefighting expenses, and manage border-related matters. Within this request, the White House is seeking $12 billion to provide ongoing disaster relief, allocating $60 million for

Increasing numbers of Americans are encountering difficulties in meeting their credit card and auto loan payments, which serves as another indicator of growing financial strain on consumers. According to a report by Moody's Investors Service, new delinquencies for credit cards and auto loans have now exceeded the levels

In the realm of elite college admissions, the recent Supreme Court ruling on the affirmative action admission policies of Harvard University and the University of North Carolina is widely expected to have an immediate impact on admission decisions and their rationales. This effect could potentially extend to significant consequences in

Biden's plan to forgive student debt for over 800,000 borrowers upheld by judge. More than 614,000 of them will have all of their remaining federal student loan debt canceled, per Axios. The decision marks a win for student loan borrowers and for President Biden, who promised

India has just made its first crude oil payment to United Arab Emirates in Indian rupees, officially dropping the US dollar, per Reuters. Indian Oil Corp has completed a payment transaction with Abu Dhabi National Oil Company (ADNOC), as confirmed by a statement from the Indian embassy in the United

By the year 2033, Social Security is projected to implement reductions in benefits for retirees due to the depletion of its trust fund reserves. A recent analysis suggests that this reduction could be quite substantial. Unless corrective measures are taken before 2033, the standard Social Security checks for newly retired

Total household debt in the US has hit a record-high of $17.06 trillion. The average credit card debt in the US is $5,733 per person, according to TransUnion. US credit card debt has now passed $1 trillion. Meanwhile, Gen X has the highest average credit card debt of

Michael Burry has just updated his portfolio, up to June 30. Nearly 51.05% of it is in S&P500, $SPY, puts and 42.54% in $QQQ puts (in notional value in his portfolio, they are worth much less of his total portfolio). He has about $1.6 billion

Sam Bankman-Fried is heading to a Brooklyn jail notorious for poor conditions. On the 11th, FTX founder Sam Bankman-Fried was ordered to be held in custody prior to his October trial on multiple charges related to financial crimes, as a federal judge has revoked his previous release on bond. The

Joe Rogan has said: "[With Trump]... unemployment was down. Business was booming. Regulations were being relaxed. More things were getting done. When you look at it from a policy perspective, what he did on paper was effective." In Feb, Biden said that the risk of a recession in

Freshly minted graduates joining consulting powerhouses like Bain, Boston Consulting Group, and McKinsey often find themselves deeply immersed in work right out of business school. They find themselves in a constant back-and-forth between airports, diligently refining presentations, and tending to emails until the late hours. However, in current times, a

Zuck of $META has said this about Elon and the fight: In response, Elon Musk called him a chicken. Meanwhile, UFC President Dana White has held a meeting with the Italian government to discuss the Elon Musk vs Mark Zuckerberg fight, and making it happen at the Roman Colosseum. In

FTX founder Sam Bankman-Fried has been ordered to be held in custody prior to his October trial on multiple charges related to financial crimes, as a federal judge has revoked his previous release on bond. The 31-year-old former CEO of the FTX empire appeared in court on Friday following the

$GM has said it was going to drop Apple, $AAPL, CarPlay and Android, $GOOGL, Auto in all vehicles Cadillac's new ultra-luxury Escalade IQ will not feature Apple CarPlay or Android Auto. Despite the introduction of a massive 55-inch infotainment screen spanning from pillar to pillar in the newly

US mortgage delinquency rates have fallen to an all-time low. If home prices decrease by 5%, more than 200,000 households could be at risk of falling into negative equity, essentially 'going underwater' on their home loans, per CoreLogic. A recent report from the National Association of Realtors