73% of workers in tech say they feel stuck in their current job

The Great Resignation is quickly fading as more workers choose to stay in their current roles, a trend that’s being described as “job hugging.” The 2025 Eagle Hill Consulting Employee Retention Index suggests this stickiness will persist for at least the next six months. Korn Ferry, which coined the

Bank of America raises gold forecast, noting Trump threat to Federal Reserve independence

Bank of America has lifted its gold price forecast, pointing to mounting concerns about the future independence of the Federal Reserve. In a new outlook, analysts said they now expect gold to hit a record $4,000 an ounce by the first half of 2026, following a rally that recently

Fed's Cook has sued Trump for trying to fire her from the Fed

Federal Reserve Governor Lisa Cook has filed a lawsuit against President Donald Trump over his move to dismiss her, escalating the dispute into a legal fight that could test the limits of presidential authority over the central bank. Cook is asking the court to invalidate Trump’s order, calling it

Uber, UBER, users in Atlanta are canceling rides with human drivers until they match with one of Waymo's self-driving cars

Uber riders are increasingly skipping human drivers in favor of Waymo’s autonomous taxis, often rejecting multiple ride offers until they finally match with a Robotaxi. Some users describe it as a “game,” with one passenger noting he declined more than 20 rides before securing an autonomous trip. Riders say

Nvidia, NVDA, is in talks with US to sell AI chip to China, and willing to give US cut of Blackwell China sales

Nvidia CEO Jensen Huang said on Thursday that he has been in discussions with the Trump administration about potentially selling the company’s powerful Blackwell chip to China, emphasizing that broad adoption of American technology worldwide could give the U.S. an edge in the global AI race. In an

Florida's housing market was once red-hot. Now it's one of the coldest in the country

Florida’s once “red-hot” housing market has cooled sharply, weighed down by surging insurance costs, repeated natural disasters, and a surge in available inventory, which has shifted bargaining power toward buyers in many parts of the state. Cities such as Cape Coral–Fort Myers and Tampa illustrate the trend most

Trump has called for billionaire Democratic donor George Soros to face racketeering and corruption charges

On Wednesday, President Donald Trump used his social media platform Truth Social to call for billionaire George Soros and his son to be charged under the Racketeer Influenced and Corrupt Organizations (RICO) Act. “George Soros, and his wonderful Radical Left son, should be charged with RICO because of their support

U.S. economy expanded 3.3% in Q2, with growth even stronger than initially thought

The U.S. economy expanded more quickly than anticipated in the second quarter as both consumers and businesses weathered the turbulence from tariffs. Gross domestic product grew at a 3.3% annualized rate from April through June, according to the Commerce Department’s second estimate released Thursday. That marked an

Trump announces that a dividend could be dispersed to the American people from tariff revenue

U.S. President Donald Trump on Sunday floated the idea that Americans, particularly those in the middle- and lower-income brackets, could receive some form of direct financial benefit as a result of tariffs his administration has imposed on U.S. trading partners. Speaking to reporters, Trump suggested that revenues collected

Sam Altman has said that AI may be in a bubble

OpenAI CEO Sam Altman believes the artificial intelligence sector is showing signs of a bubble, The Verge reported Friday. “When bubbles happen, smart people get overexcited about a kernel of truth,” Altman told a small group of reporters last week. He added: “Are we in a phase where investors as

Goldman Sachs says potential stablecoin market could reach trillions of dollars

U.S. Treasury Secretary Scott Bessent believes stablecoins will play a growing role in supporting demand for U.S. Treasuries, and that the government will issue more short-term debt to meet that appetite, according to the Financial Times. The paper reported that Bessent has been telling Wall Street he sees

The median age of first-time homeowners is now 38 years old, an all-time high

The median age of first-time U.S. homebuyers climbed to a record 38 years in 2024, up from 35 the year before and far older than the late-20s buyers who dominated the market in the 1980s, according to the National Association of REALTORS® (NAR). The shift underscores how affordability pressures—

65% of employees reported feeling “stuck” in their current positions

The once-dominant job-hopper is fading fast while the job-hugger has taken center stage, according to Bank of America’s latest research. The pandemic’s Great Resignation in 2022 marked the peak of job-switching, but data now shows workers are increasingly staying put. Consulting firm Korn Ferry recently described the 2025

Trump’s tax law cuts income for the poorest 10% by $1,200 per year

The Congressional Budget Office (CBO) projected Monday that the poorest 10% of U.S. households will lose roughly $1,200 in resources each year under the new “One Big Beautiful Bill Act,” a hit equal to about 3.1% of their income. By contrast, households in the top 10% of

Denmark has summoned the top U.S. diplomat after the national broadcaster reported that at least three people with connections to President Donald Trump have been carrying out covert influence operations in Greenland

Denmark’s foreign minister has called in the senior U.S. diplomat in Copenhagen following intelligence reports suggesting that American citizens have carried out covert influence activities in Greenland, the ministry confirmed Wednesday. According to Danish broadcaster DR, citing unnamed sources, officials believe at least three U.S. nationals linked

91% of Bank of America, BAC, fund managers surveyed indicated that American stocks are overvalued

Roughly 91% of investors now say U.S. stocks are overvalued, the highest share since records began in 2001, according to Bank of America’s latest global fund manager survey. Even though allocations to global equities climbed to the strongest level since February, a net 16% of respondents still reported

Barclays says the U.S. economy is likely in a stall, with a 50% chance of recession in the next two years

Barclays analysts say the U.S. economy has likely entered a “stall state,” with recession risks over the next two years now close to 50%. In a new research note, the bank explained that its updated “tipping points” model, which factors in recent payroll revisions, indicates that U.S. growth

US stock Market hits its most expensive valuation in history, surpassing the Dot Com Bubble and the run-up to the Great Depression

Recent data shows that U.S. equities are now trading at their highest valuation levels in history, according to a Barchart analysis cited by Cbonds. Current valuations have surpassed even the extremes of the late-1990s dot-com bubble and the speculative surge leading up to the 1929 crash. These record levels

Warren Buffett has said a college degree doesn't matter

Warren Buffett has repeatedly emphasized in his shareholder letters and public remarks that a candidate’s educational background plays no role in his decision when selecting leaders for Berkshire Hathaway companies. For Buffett, character and business instinct matter far more than whether someone studied at an elite university or pursued

Bank of America, BAC, has said that America’s grid is 30%-46% ‘beyond its useful life’

America’s power grid, the critical system behind everything from homes and hospitals to factories and electric vehicles, is showing signs of deep strain. A Bank of America Institute analysis finds that surging demand, outdated infrastructure, and widening regional divides have left nearly one-third of transmission lines and almost half

Trump: Cracker Barrel should go back to old logo

President Donald Trump has waded into the Cracker Barrel controversy, urging the restaurant chain to scrap its new branding and return to its traditional logo after a wave of MAGA backlash. The Tennessee-based company recently replaced its longtime emblem—a man in overalls sitting beside a wooden barrel—with a

Sam Altman says colleagues are glad he’s a dad now because they think raising a child will help him make ‘better decisions for humanity'

OpenAI CEO Sam Altman says becoming a father earlier this year has reshaped his outlook on life and influenced how he thinks about the broader impact of artificial intelligence. Altman and his husband, Australian software engineer Oliver Mulherin, welcomed their first child, a son, in February via surrogacy, just weeks

Trump Commerce Secretary Howard Lutnick says the administration is considering federal government partial ownership of defense corporations

The Trump administration is considering taking equity stakes in defense and munitions companies, Commerce Secretary Howard Lutnick said Tuesday. “There’s a monstrous discussion about defense,” Lutnick told CNBC’s Squawk Box when asked whether there is a limit to government ownership of private firms. “Lockheed Martin makes 97 percent

Fed’s Cook: “I will not resign"

Federal Reserve Governor Lisa Cook reiterated Monday that she will not resign from her post, after President Donald Trump announced he was firing her over mortgage fraud allegations. In a statement, Cook said the president lacks the authority to remove her. “President Trump purported to fire me ‘for cause’ when

Trump has said that the US economy has added over half a million private sector jobs

The White House has launched a campaign highlighting economic progress during President Donald Trump’s first six months, describing the period as “America’s golden age.” Economic data released Friday, however, shows a mixed picture. The U.S. economy added 73,000 jobs in the most recent month, compared with