The median rent was in the US in July was $1,402

The national median rent was unchanged in July, holding at $1,402. Momentum in rental growth, which spiked early in the year, has since cooled, even during the peak moving months when demand normally drives faster increases. Compared with a year ago, rents are down 0.8%. Year-over-year growth had

The Trump administration said to discuss taking 10% stake in Intel, INTC, and converting Intel’s CHIPS act grants into equity

Intel shares slid 5% after a Bloomberg report revealed that the Trump administration is weighing taking about a 10% stake in the company. Sources told Bloomberg that officials are considering converting some or all of Intel’s $10.9 billion in Chips and Science Act grants into equity. At current

Novo Nordisk halves the price of Ozempic in the US

Novo Nordisk is rolling out a new direct-pay option for Ozempic, pricing the drug at $499 a month for uninsured patients or those who choose to pay out-of-pocket, according to a company press release. The program is available through both the company’s website and Ozempic.com. “While Ozempic is

Trump has said: I know exactly what I'm doing

Trump says ceasefire not essential for talks to move forward Pressed on whether there would still be “serious consequences” for Russia if no ceasefire is reached, as he had previously suggested, Trump responded: “I don’t think you need a ceasefire.” He added that while a ceasefire is “good to

$9.2 trillion in Treasuries mature in 2025

The bond market is staring down an unprecedented supply wave. Treasury data shows that $9.2 trillion in marketable debt — nearly one-third of the entire Treasury market and close to a third of U.S. GDP — will mature in 2025, with roughly 55% to 60% coming due before July. Adding

Social Security recipients set to face an $18,000 benefit cut in just seven years

The Social Security and Medicare trust funds are projected to be just over seven years away from insolvency, according to calculations that combine the programs’ official Trustees’ estimates with our analysis of the effects of the recently passed One Big Beautiful Bill Act (OBBBA). Under current law, once these trust

Trump meeting Putin in Alaska today

Donald Trump and Russian President Vladimir Putin are set to meet in Alaska on Friday for a high-stakes summit, as the United States pushes for a ceasefire in the ongoing Russia-Ukraine war. The talks will take place at Joint Base Elmendorf-Richardson in Anchorage, but Ukrainian President Volodymyr Zelenskyy will not

US military deploying over 4,000 additional troops to waters around Latin America as part of Trump’s counter-cartel mission

The U.S. military is sending more than 4,000 Marines and sailors to waters surrounding Latin America and the Caribbean in a heightened push to counter drug cartels, two U.S. defense officials told CNN. The move, described as a significant show of force, will give the president a

Mortgage rates in the US fell for a fourth straight week, reaching the lowest point since October

Mortgage rates continued their downward trend this week, with the 30-year fixed mortgage slipping five basis points to 6.58% and the 15-year fixed dropping four points to 5.71%, according to Freddie Mac’s latest weekly survey. This marks the fourth consecutive week of declines. Just a month ago,

Kellogg’s, K, becomes first company to sign legally binding agreement removing toxic dyes from cereals

WK Kellogg Co. has made history as the first major food manufacturer to enter into a legally binding commitment to eliminate artificial food dyes from its cereal products, Texas Attorney General Ken Paxton announced Wednesday. The landmark agreement marks a significant step in the growing push to remove synthetic additives

There are now more homebuyers over age 70 than under 35

Breaking into the housing market has become a steep uphill battle for younger generations in recent years. Elevated mortgage rates, coupled with soaring property values, have made the prospect of buying a first home feel increasingly out of reach for many millennials and members of Gen Z. The trend is

Trump: There is hardly any inflation at all

The producer price index (PPI) posted its sharpest increase in more than three years last month, signaling that President Trump’s tariffs are beginning to meaningfully push up the cost of imported goods. According to the Labor Department, wholesale prices jumped 0.9% in July from the previous month, far

Trump considering having US take stake in Intel, INTC

The Trump administration is in discussions with Intel about the possibility of the U.S. government taking a stake in the struggling chipmaker, Bloomberg News reported Thursday, citing people familiar with the matter. Intel’s shares jumped more than 7% during regular trading and rose another 2.6% after hours

Beyond Meat, BYND, headed to Chapter 11 bankruptcy

Beyond Meat’s downfall was, in many ways, baked into its success story. The company may have pioneered the concept of plant-based meat that looks, cooks, and tastes like the real thing, but creating a category is not the same as securing a lasting competitive moat. Once Beyond Meat brought

India and China are restoring economic links strained by a deadly 2020 border clash, the latest sign Prime Minister Narendra Modi is drawing closer to BRICS after Trump hit the nation with a 50% tariff

India and China are moving to repair economic ties that had been severely strained since a deadly 2020 border clash, signaling Prime Minister Narendra Modi’s pivot toward closer engagement with BRICS nations in the wake of US President Donald Trump’s decision to impose a steep 50% tariff on

California governor Gavin Newsom says the state will draw new electoral maps after Donald Trump “missed” a deadline

California Governor Gavin Newsom announced that the state will move forward with drawing new electoral maps after Donald Trump “missed” a Tuesday night deadline in a heated redistricting dispute between Democratic and Republican-led states. In a pointed social media post, Newsom’s office wrote in all caps, mimicking Trump’s

Moynihan says economists predict no Fed rate cuts as inflation gradually decreases

U.S. Treasury Secretary Scott Bessent renewed his call for a half-percentage-point interest rate cut at the Federal Reserve’s September meeting, urging the central bank to move into a sequence of rate reductions. His comments followed fresh data showing inflation holding steady at 2.7% in July. Bessent argued

94% of Gen Z want to hit financial independence before 55

Gen Z is having a tough time entering the job market—but young male college grads may be facing the steepest climb. New data from the Federal Reserve shows the unemployment rate for recent college graduates has risen to about 5.5%. While that’s still below the 6.9%

Trump has said: Fed board should assume control if Powell continues to refuse to lower interests rates

Just hours after reports claimed the Trump administration was weighing as many as 11 potential candidates to replace Federal Reserve Chair Jerome Powell, President Trump clarified that the actual shortlist is far smaller. Speaking to reporters Wednesday, Trump said he is “down to three or four names” for a possible

Nearly a million more deaths than births in Japan last year

Japan experienced its sharpest population drop on record last year, with nearly one million more deaths than births, according to new government data. The Ministry of Internal Affairs and Communications reported that the number of Japanese nationals fell by 908,574 in 2024. Births totaled just 686,061—the lowest

Companies are monitoring and enforcing office attendance at the highest rate in 5 years

A new CBRE report reveals a sharp shift in how U.S. companies are approaching office attendance, with enforcement and tracking reaching their highest levels in five years. According to the survey, 69% of businesses now monitor who is in the office and how often—up significantly from 45% last

Amazon, AMZN, is now offering same-day grocery delivery in more than 1,000 cities and plans to bring the service to over 2,300 more by the end of the year

Amazon says the move is part of its broader strategy to deepen customer loyalty by integrating essential grocery shopping into its core e-commerce experience. By offering the ability to buy fresh produce alongside electronics, books, and household items in one cart, Amazon is aiming to become the default destination for

Palantir, PLTR, CEO says working at his software company is better than a degree from Harvard or Yale

Alex Karp, CEO of Palantir, is the latest high-profile executive to take aim at the traditional education system. “Whether you skipped college, went to a mediocre school, or graduated from Harvard, Princeton, or Yale—once you’re at Palantir, you’re a Palantirian,” Karp said during Monday’s earnings call.

Gen Z is ditching college for “more secure” trade jobs

Trade jobs are enjoying a surge in attention, promoted as a smarter, safer alternative to expensive, “irrelevant” degrees and low-paying entry-level white-collar work — the kind that tech executives warn could soon be wiped out by AI. Among Gen Z, interest in traditional hands-on careers is rising. A 2024 Harris Poll

Americans making under $50,000 said they needed an average $157,000 a year to live comfortably

High earners are increasingly feeling financially constrained, weighed down by rising expenses, debt, and lifestyle inflation. Many of these individuals fall into the category known as “HENRYs” — short for “high earners, not rich yet” — who may still live paycheck to paycheck or carry significant credit card debt despite their substantial