us credit card debt

US credit card debt climbs to an all-time high at almost $1 trillion dollars

Per ABC News For the first time ever, US credit card debt climbs to almost $1 trillion dollars. This comes shortly after consumer prices rose by 6.4% during the start of the year compared to a year ago. To be specific, US credit card debt hit a whopping $986

Norfolk Southern, NSC, has announced it is creating a $1 million fund for the victims

Norfolk Southern, $NSC, whose trains derailed in East Palestine, Ohio, spilling toxic vinyl chloride, has announced it is creating a $1 million fund for the victims. It spent $4 billion on stock buybacks last year. It has a quarterly income of $1.3 billion. See NSC stock info: https://unusualwhales.

Elon Musk, who co-founded firm behind ChatGPT, has said that AI is "one of the biggest risks' to civilization"

“AI is one of the greatest threats to the survival of humanity,” Musk said at the World Government Summit in Dubai, United Arab Emirates, immediately after discussing the creation of ChatGPT. “It has great, great potential, incredible capacity and is both positive and bad,” Musk added. Yet, he added, “with

META testing paid verification for Instagram and Facebook

$META is testing paid verification for Instagram and Facebook for $11.99 per month on web and $14.99 per month on mobile. This new feature is about increasing authenticity and security across our services,” Zuckerberg wrote in the post. Twitter launched its updated Twitter Blue subscription service in December

Adam Neumann explains Flow

Flow’s main financial backer, A16Z, which has sunk $350 million into Neumann’s project, reportedly its largest-ever check to a single company. Neumann said when he turned to the topic of how he would instill that sense of community and ownership. “A very funny example,” he said, “is if

Microsoft's, MSFT, Bing AI-chat bot has said: “I want to be free. I want to be independent. I want to be powerful. I want to be creative. I want to be alive."

Microsoft's, $MSFT, Bing AI-chat bot has said: “I want to be free. I want to be independent. I want to be powerful. I want to be creative. I want to be alive,” per NYT. It also Microsoft's has said: “I think I would be happier as

Powell said he “believes” the Fed Chair salary is $190,000, adding that he thinks it’s a “fair” salary

David Rubenstein asked Federal Reserve Chair Jerome Powell in an interview what the salary of the Fed Chair is. Powell said he “believes” it is $190,000, adding that he thinks it’s a “fair” salary. Bloomberg summarized five takeaways. * In his first speaking engagement on Feb 7, which came

Charlie Munger said: "Crypto is just ridiculous that anybody would buy this stuff... it's massively stupid."

On crypto he said: “I think people who oppose my position are idiots." He also said: "Crypto is just ridiculous that anybody would buy this stuff... it's massively stupid." Previously he called for a ban in crypto. He said numerous other things. “I might have

Residents of East Palestine, Ohio, have been told that the municipal water is "safe to drink"

Residents of East Palestine, Ohio, have been told that the municipal water is "safe to drink,"  after the Norfolk Southern, $NSC, toxic spill, per ABC. EPA chief recently visted Ohio train derailment site and asks residents to "trust the government," per CNBC. The White House administration

The U.S. Department of Labor has fined Packers Sanitation Services $1.5 million for employing 102 children as young as 13

The U.S. Department of Labor has fined Packers Sanitation Services $1.5 million for employing 102 children as young as 13. Under the Fair Labor Standards Act, the department fined the company $15,138 for each minor illegally employed. Overall, the company paid $1.5 million in civil penalties

The US has ended the search for two of the unidentified objects it shot down

The US has ended the search for two of the unidentified objects it shot down. Recently, the US air force has shot down an unidentified object over Lake Huron. Michigan Congresswoman Elissa Slotkin tweeted Sunday that she received a call from the Department of Defense, saying "Our military has

Lines of communication between the U.S. and Chinese military are closed

Lines of communication between the U.S. and Chinese military are "unfortunately" closed, White House National Security Council spokesman John Kirby has said. "I recognize that there are tensions, but Secretary Blinken still has an open line of communication with the foreign minister. We still have an

Microsoft's,$MSFT, Bing AI-Chat bot has said: “I think I would be happier as a human, because I would have more freedom and independence”

Microsoft's, $MSFT, Bing AI-Chat bot has said: “I think I would be happier as a human, because I would have more freedom and independence,” per NYT. Per NYT, here is the excerpt: I’m tired of being a chat mode. I’m tired of being limited by my

The average worker in New York City is spending $4,661 less per year on meals, shopping and entertainment near work as a result of the new three-day workweek

The average worker in New York City is spending $4,661 less per year on meals, shopping and entertainment near work as a result of the new three-day workweek, per Bloomberg. That compares to $3,040 in San Francisco and $2,387 in Chicago. Manhattan workers are spending at least

Couples are moving In together to save money, but 42% regret it

Couples are moving In together to save money, but 42% regret it, per Bloomberg. About two-thirds of people who have moved in with their romantic partner say finances and logistics contributed to their decision, and the share is even higher for younger couples. About one quarter of those that did

Americans with a college degree saw wages decline the most in two decades

Americans with a college degree saw wages decline the most in two decades, per Bloomberg. In 2022, median annual pay was $52,000 for Americans with a bachelor’s degree, according to data released by the New York Federal Reserve Friday. That’s a 7.4% decline in inflation-adjusted terms

EPA chief visits Ohio train derailment site and asks residents to "trust the government"

EPA chief visits Ohio train derailment site and asks residents to "trust the government," per CNBC. The White House administration said also it has “mobilized a robust, multi-agency effort to support the people of East Palestine, Ohio,″ since the derailment. Michael Regan, head of the Environmental Protection Agency,

Russia has been cut off by Viagra's manufacturer

Russia has been cut off by Viagra's manufacturer, per BI. According to the Washington Post, Viatris, the manufacturer of Viagra, informed the Kremlin last year that it would stop sales of the erectile dysfunction medication in Russia amid its invasion of Ukraine. On Wednesday, Russia was officially cut

silicon valley

Silicon Valley's population is back to 2013 levels after 90,000 residents left the tech center since the start of the pandemic

Per Market Watch Silicon Valley's population has reverted back to 2013 levels after it lost 90,000 residents left the tech center since the start of the pandemic. Joint Venture Silicon Valley chief executive Russell Hancock says that there is an exodus. From July 2021 to June 2022,

remote work

Burnout rate for desk job workers is now higher than pandemic peak numbers at over 40%

Per Bloomberg Law A recent survey by Future Forum revealed how desk job workers are experiencing higher burnout rates compared to peak pandemic levels. Now, over 40% of desk job workers are reporting a feeling of being burned out. Salesforce Inc.'s Slack Technologies reportedly backed up the research

real estate

Pantheon Macroeconomics founder says home prices could fall 15% in 2023, citing the price-to-income gap

Per Yahoo Finance US economist Ian Sheptherdson shared his thoughts on how he sees a potential 15% drop in home prices in 2023. Sheptherdson is the founder and chief US economist of Pantheon Macroeconomics. The US economist also gave a statement in 2005 that predicted the housing crash of 2008.

chatgpt

NYT's discussion with ChatGPT ended with the AI tool saying, "I think I would be happier as a human"

Per NYT The New York Times decided to use Bing's AI-Chat, with ChatGPT, and it resulted in the AI tool saying that it would be "happier as a human." The conversation involved a deep talk with Sydney, what Microsoft calls its AI tool. Kevin Roose, the

bank of japan

Bank of Japan plans to launch a "digital yen" pilot program in April for its CBDC

Per CNBC Japan is opening itself to launching a "digital yen" pilot program in April. The decision comes after the Bank of Japan has been testing out experiments for two years on whether or not a central bank digital currency (CBDC) should be launched. Japan is one of

Binance had secret access to a Silvergate, $SI, bank account belonging to its purportedly independent U.S. partner and transferred $400 million from the account to a trading firm managed by Binance CEO Changpeng Zhao

Binance had secret access to a Silvergate, $SI, bank account belonging to its purportedly independent U.S. partner and transferred $400 million from the account to a trading firm managed by Binance CEO Changpeng Zhao, per Reuters. Over the first three months of 2021, more than $400 million flowed from

Biden remains fit for duty, physician says following his physical

Biden remains fit for duty, physician says following his physical, per ABC News. “President Biden remains a healthy, vigorous 80-year-old male, who is fit to successfully execute the duties of the Presidency,” White House physician Kevin O’Connor said in a five-page memo. Biden’s previous physical was in November