Brazil’s president Luiz Inácio Lula da Silva has called on developing countries to work towards replacing the US dollar with their own currencies in international trade

Brazil’s president Luiz Inácio Lula da Silva has called on developing countries to work towards replacing the US dollar with their own currencies in international trade. China and Brazil have reached a deal to trade in their own currencies, ditching the US dollar as an intermediary. "The expectation

A former $META recruiter says she was paid $190,000 per year to do nothing

A former $META recruiter says she was paid $190,000 per year to do nothing, per WSJ. Career strategist Madelyn Machado posted a video on TikTok titled “Getting paid $190k to do nothing at Meta." “We weren’t expected to hire anybody for the first six months, even the

The average cost to raise a child to 17 is now $310,605, up more than $26,000 from a previous estimate made in 2017

The average cost to raise a child to 17 is now $310,605, up more than $26,000 from a previous estimate made in 2017, per Bloomberg. There has been an increase in parents using their savings to help their adult children (people aged 18 and up). This data came

25% of college graduates don’t make more than the typical high school grad

25% of college graduates don’t make more than the typical high school grad, per Bloomberg. 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

Americans are working less than they did pre-pandemic,

Americans are working less than they did pre-pandemic, per Bloomberg: Americans have reportedly been struggling to make ends meet, and with inflation remaining the driving factor, 44% of them decided to take up a side hustle on top of their full-time jobs last year. In 2020, only 13%

Cities with the lowest take home pay of a $100,000 salary in the US

In New York City, a $100,000 salary feels like $36,000, per Bloomberg. New York ranked last, with take-home pay of $35,791. Tennessee, took the No. 1 spot on SmartAsset’s list, with $86,444 in take-home pay after taxes and adjusting for cost of living.

1.9% of multifamily properties financed with Commercial Real Estate Collateralized Loan Obligations didn't earn enough rent to cover their debts

1.9% of multifamily properties financed with Commercial Real Estate Collateralized Loan Obligations didn't earn enough rent to cover their debts, per Trepp. Recently, Due to the high housing prices, even banks are losing money on every mortgage they finance. On average, every mortgage that banks originated in

Bud Light owner Anheuser-Busch is reportedly pausing its marketing efforts and reevaluating its influencer partnerships

Bud Light owner Anheuser-Busch is reportedly pausing its marketing efforts and reevaluating its influencer partnerships, per the Daily Wire. Daily Wire claims: “No one at the senior level” of the company was aware of Bud Light’s ongoing partnerships, quoting an unnamed source. This is after a reported partnership

Supreme Court allows $6 billion student loan debt settlement, per CNBC

Supreme Court allows $6 billion student loan debt settlement, per CNBC. The class-action settlement concerns loans that borrowers claim should be canceled because they were taken out based on misrepresentation made by their schools, many of which are for-profit. The settlement could be worth more than $6 billion.

millennials

Millennials have been taken over by the Baby Boomers as the top homebuyers of 2023

Per the National Association of Realtors Millennials used to make up the largest chunk of homebuyers, but in 2023, Baby Boomers overtook them, resulting in 39% of homebuyers this year. Gen Z buyers also saw an increase, reaching 4%. In 2022, baby boomers only made up 29% of home buyers,

debt

Outstanding US debt totaling $384 billion in the first six months of 2023

Per Bloomberg The outstanding US debt reached $384 billion in the first six months of 2023. This resulted in a 32% increase compared to the same period in 2022, as the federal government's budget deficit jumped by 63% over a year ago. This reportedly meant that the budget

mortgage rates

Americans think mortgage rates could increase past 8% in the next 12 months

Per NY Feds Americans aren't too optimistic about the future of mortgage rates as they expect it to blow past 8% in the next 12 months. This was compared to the 11.5% in February of last year. Regarding real estate for investment or personal use, the New

Apple

Apple Tim Cook starts reading emails at 5 AM to start his day

Per GQ Magazine A recent piece was published taking a closer look into one of the most powerful people in the tech industry today, Tim Cook, the CEO of Apple. The report revealed the CEO's schedule and how he works throughout the day, including his first task, which

twitter

Twitter partners with eToro to add stock, crypto, and charts to the app

Per CNBC Elon Musk has previously entertained the idea of adding tickers to Twitter, and now, this feature comes to reality with the partnership of the social platform and eToro. This is part of Musk's mission to turn eToro into a "super app." The partnership will

FTX will consider restarting its crypto exchange in the second quarter

FTX will consider restarting its crypto exchange in the second quarter. In an April 12 hearing in the United States Bankruptcy Court for the District of Delaware, lawyers with Sullivan & Cromwell representing FTX said the crypto firm had recovered roughly $7.3 billion in liquid assets. A March filing

Apple, $AAPL, has hidden a bitcoin manifesto in every Mac since 2018

Apple, $AAPL, has hidden a bitcoin manifesto in every Mac since 2018. Technologist Andy Baio says he accidentally discovered a copy of Satoshi Nakamoto's bitcoin white paper on his Apple Mac computer. "While trying to fix my printer today, I discovered that a PDF copy of Satoshi

The US federal government’s budget deficit hit $1.1 trillion in the first half of the fiscal year, a 63% jump over a year ago

The US federal government’s budget deficit hit $1.1 trillion in the first half of the fiscal year, a 63% jump over a year ago, per Bloomberg. Interest payments on outstanding debt in the first six months of fiscal 2023 totaled $384 billion, an increase of 32% over the

More than dozen US special forces on the ground in Ukraine

More than dozen US special forces on the ground in Ukraine, per NYP. It specifies 14 US special forces on the ground in Ukraine. The UK has deployed 50 of its elite fighters, accounting for more than half of all Western special forces allegedly active in Ukraine. In March, the

JPMorgan, $JPM, was aware by 2006 that Jeffrey Epstein had been accused of paying cash to have underage girls and young women brought to his home — seven years before the bank dropped him as a client

JPMorgan, $JPM, was aware by 2006 that Jeffrey Epstein had been accused of paying cash to have underage girls and young women brought to his home — seven years before the bank dropped him as a client, legal filings in New York have alleged per FT. In March, it was announced

PBS has followed NPR in quitting Twitter

PBS has followed NPR in quitting Twitter, per Bloomberg. NPR stopped using Twitter after receiving ‘government funded media’ label. “NPR’s organizational accounts will no longer be active on Twitter because the platform is taking actions that undermine our credibility by falsely implying that we are not editorially independent,” the

Fed staff projected a mild recession starting later in 2023

Fed staff projected a mild recession starting later in 2023, in FOMC minutes. Other notes: - Policymakers scaled back expectations for interest-rate hikes this year after banking turmoil; officials stressed need to watch incoming data to see how deeply an anticipated credit crunch would slow economy, with some calling for

42% of general workers gained a job through nepotism, whereas those in Gen Z, 70% had a job from nepotism

42% of general workers gained a job through nepotism, whereas those in Gen Z, 70% had a job from nepotism, per Applied. Additionally, recently, Kantar estimated that almost half of Gen Z employee income comes from a combination of at least two roles. Only 21% of Boomers were likely to

To afford a $500,000 home in the US, a person would need to make $140,000 a year

To afford a $500,000 home in the US, a person would need to make $140,000 a year, per MarketWatch. Real median household income in the US was $70,784 as of 2021. Notably as well, due to the high housing prices, even banks are losing money on every

NPR stops using Twitter after receiving ‘government funded media’ label

NPR stops using Twitter after receiving ‘government funded media’ label. “NPR’s organizational accounts will no longer be active on Twitter because the platform is taking actions that undermine our credibility by falsely implying that we are not editorially independent,” the broadcaster said in a statement. “We are not putting

google

Google and Amazon experience hardship in letting go of workers in Europe due to labor laws

Per Gulf News Google and Amazon, along with other US big tech companies that announced that they would be laying off employees, are experiencing difficulty in Europe due to their strict local labor laws. The companies are trying to implement voluntary departures to reduce headcount. For example, in France, Alphabet,