US credit card debt has now passed $1 trillion

US credit card debt has now passed $1 trillion. Meanwhile, Gen X has the highest average credit card debt of any generation group, estimated to be $8,266, per Bloomberg. Gen Z had an average credit card debt of $2,781 in Q4 of 2022, marking a 5.90% jump

Hedge fund billionaire Dan Loeb has said: ‘Fundamental analysis is increasingly taking a back seat to monitoring daily option expiries and Reddit message boards’

Dan Loeb is mad at memestock sellers, per Bloomberg. The meme-driven crowd has, once again, resurfaced, propelling stocks upward and inflicting losses upon short sellers, reminiscent of the chaotic early days of the pandemic. Companies such as Tupperware Brands Corp., Nikola Corp., and Yellow Corp. have witnessed substantial surges,

Pickleball injuries could be $400 million

A fresh hypothesis put forward by UBG Group AG, an investment banking firm, establishes a connection between escalating healthcare expenses and the harm suffered by elderly individuals engaging in pickleball games. According to UBS's disclosed findings to Bloomberg, the occurrences of pickleball-related injuries in 2023 have led

Getting rich isn’t the American Dream anymore, per CNBC, with 54% in a recent survey defining it as "feeling happy in life"

Getting rich isn’t the American Dream anymore, per CNBC, with 54% in a recent survey defining it as "feeling happy in life." Meanwhile, it was noted that only 7% of Americans earned an annual $250,000, according to SmartAsset. However, their purchasing power depends on where they

Elon Musk said he will receive an MRI of his neck and upper back tomorrow and may require surgery

lon Musk said he will receive an MRI of his neck and upper back tomorrow and may require surgery, per Bloomberg.Elon Musk vs Mark Zuckerberg fight will be live-streamed on X. In June, it was announced Elon Musk and Mark Zuckerberg can reportedly fight at Colosseum, the Italian

U.S. government scientists have achieved net energy gain in a fusion reaction for the second time since December last year

U.S. government scientists have achieved net energy gain in a fusion reaction for the second time since December last year Per Reuters: Scientists at the California-based lab repeated the fusion ignition breakthrough in an experiment in the National Ignition Facility (NIF) on July 30 that produced a higher

Elon Musk vs Mark Zuckerberg fight will be live-streamed on X

Elon Musk vs Mark Zuckerberg fight will be live-streamed on X. In June, it was announced Elon Musk and Mark Zuckerberg can reportedly fight at Colosseum, the Italian government has said. In response, Musk, 52, entertained the idea by tweeting, “Some chance fight happens in Colosseum.” Meanwhile, Zuckerberg, 39,

The average Philadelphian makes enough money to afford to spend a little over $1,300 on monthly rent. The average rent in Philadelphia is $1,995.

Tenants seeking relief from rising rents may have to wait longer as rent prices have been steadily increasing. According to a report from Rent.com, rent prices have been on the rise for the fourth consecutive month since hitting a low point in February. From May to June, rent prices

China is looking to limit children to two hours a day on their phones

In recent years, China has taken several measures to regulate various aspects of children's online activities. After initially cracking down on video games and limiting livestreaming by children, the country's internet regulator has now proposed new regulations aimed at reducing children's smartphone usage. Under

Foxconn founder Terry Gou said the US stock market would crash in 10 seconds if war were to break out over Taiwan

The founder of a crucial Apple supplier issued a warning about the potential catastrophic impact on Wall Street in the event of a war breaking out in Taiwan. In a Facebook post on Wednesday, Taiwanese billionaire Terry Gou stated, as translated by Insider, that "If a war breaks out

JPMorgan, $JPM, does not expect a US recession this year anymore.

JPM's half year outlook looks like this, published in July 11th. They have now reverted their recession calls: Global inflation looks set to cool but will likely remain above comfort levels at 3%. * With persistently high inflation, further tightening is likely to occur. * A synchronized global recession may

Countries with higher credit rating than the US

See list: On Tuesday, Fitch Ratings downgraded its US debt rating from AAA, the highest rating, to AA+, citing a consistent decline in governance standards. The downgrade was influenced by several factors, including the recent debt ceiling negotiations that took place earlier in the year, posing the risk of the

Ilya "Dutch" Lichtenstein plead guilty to 2016 cyberattack on Bitfinex, a bitcoin theft that amounted to $4.5 billion in value

On Thursday, a man from New York confessed to being the original hacker behind the 2016 cyberattack on Bitfinex, a bitcoin theft that amounted to $4.5 billion in value. Ilya "Dutch" Lichtenstein, aged 35, made this shocking revelation during his guilty plea for laundering the stolen bitcoin

Federal student loan bills return in October. But a growing chorus of borrowers say they simply can’t, or won't pay

Federal student loan bills return in October. But a growing chorus of borrowers say they simply can’t, or won't pay, per Bloomberg. In July, U.S. President Joe Biden announced he will cancel $39 Billion in student loan debt for more than 804,000 borrowers. This year,

These states have a higher credit rating than US

This is per Bloomberg: On Tuesday, Fitch Ratings downgraded its US debt rating from AAA, the highest rating, to AA+, citing a consistent decline in governance standards. The downgrade was influenced by several factors, including the recent debt ceiling negotiations that took place earlier in the year, posing the risk

30 year average mortgage rates in the US have hit 7.20%, a 23 year high

30 year average mortgage rates in the US have hit 7.20%, a 23 year high. Last month, mortgage rates surged, with the average rate for a 30-year fixed mortgage reaching 7.22%, the highest since early November. This increase is partly due to the rise in the yield

Mark Zuck of $META is apparently eating 4,000 calories a day, including McDonald's Quarter Pounders, apple pies, and McFlurrys

The CEO of Meta has disclosed that he is consuming a substantial daily intake of 4,000 calories as part of his fitness regimen, which includes a diet featuring McDonald's offerings. This unconventional approach is an attempt to balance the heightened physical activity he is engaging in as

Taylor Swift is paying out $55 million in bonuses to her Eras Tour crew.

Taylor Swift's Eras concert tour continues to captivate and thrill her devoted fans all over the United States. As Swift graces the stage each night, entertaining thousands of enthusiastic admirers, it's important to recognize the vast ensemble of individuals working tirelessly behind the scenes to ensure

Pornhub has blocked all users in Arkansas from the site after the state’s new age verification law went into effect.

In response to a new law in Arkansas mandating age verification for users, the most popular pornographic website in the country has taken the step of blocking access to its content for IP addresses originating from Arkansas. Visitors from Arkansas attempting to access Pornhub are presented with a solitary webpage

Elon Musk has added "No work is being done on this to the best of my knowledge" regarding a stock trading app on X/Twitter

Despite Semafor articles claiming that stock trading was coming to Twitter/X, Elon Musk has denied the claim, stating No work is being done on this to the best of my knowledge. We will report more on the story when we learn more.

Two weeks ago, Goldman Sachs, $GS, reported its worst earnings in years, including a 58% drop in profit.

Goldman Sachs reported a significant decline in its profits on Wednesday, attributed to a downturn in dealmaking and trading activities, which are integral to the core operations of the mega bank. Additionally, the institution faced a considerable setback with an almost $1 billion devaluation of its consumer and real estate

The US bond market is on the verge of a major breakdown - and that will send mortgage rates to levels unseen since 2000 and fuel more banking trouble, Peter Schiff

A looming crisis in the US bond market, capable of triggering a cascade of consequences, is being highlighted by an expert. Peter Schiff, the CEO and chief economist at Euro Pacific Asset Management, has sounded an alarm about the potential meltdown of Treasuries. This comes in the wake of 10-

Resumes including ‘they/them’ pronouns are more likely to be overlooked

A recent report by Business.com, a platform dedicated to business resources, reveals that more than 80% of individuals identifying as nonbinary express concerns that their nonbinary status could have a negative impact on their job search. Furthermore, 51% of respondents believe that their gender identity has had a somewhat

340 U.S. firms filed for bankruptcy in the first half of 2023, setting a new 13-year high

In the first half of 2023, there was a significant increase of 68% in U.S. Chapter 11 bankruptcy filings compared to the previous year, according to Epiq Bankruptcy, a provider of data on U.S. bankruptcy filings. Several well-known entities like SVB Financial Group, Envision Healthcare Corp,  Party

Miami Mayor Francis Suarez received $500,000 from an online flower shop operating mostly out of China

Miami Mayor Francis Suarez received $500,000 from an online flower shop operating mostly out of China, per Bloomberg. A watchdog group focused on campaign activities has raised concerns regarding a $500,000 donation made to a super PAC supporting Miami Mayor Francis Suarez's (R) potential 2024 presidential