Millennials may be nearing 40, but many are still receiving financial help from their parents to make ends meet. Roughly half of parents in the U.S. provide financial support to at least one adult child over the age of 18, according to a recent report from Savings. Gen Z

The U.S. economy shrank in the first quarter of 2025, as a spike in imports—fueled by anticipation of new tariffs—marked the early days of President Donald Trump’s second term and signaled the growing costs of his trade agenda. From January to March, gross domestic product (GDP)

At 94, Warren Buffett still lives by the principle of frugality—so much so that he once drove around with a license plate that read “THRIFTY.” “I’m cheap,” he openly told CBS News’ Norah O’Donnell. True to that admission, Buffett still resides in the Omaha home he bought

A growing number of Americans are bracing for tougher financial conditions, with many expecting to be turned down if they apply for credit cards, auto loans, or mortgages, according to a new report from the New York Federal Reserve. In February, 46.7% of survey participants said they believe getting

President Donald Trump sought to shift blame as Wall Street reacted sharply to news that the U.S. economy contracted in the first quarter of 2025 — the first such decline in three years. Trump dismissed concerns that his own policies, including tariffs and trade tensions, played a role, instead pointing

Adidas announced Tuesday that the cost of its products in the U.S. will rise, a consequence of tariffs imposed by former President Donald Trump. The German sportswear leader emphasized that its lack of domestic production leaves it vulnerable to these added import duties. “Since we currently cannot produce almost

akistan's information minister Attaullah Tarar said on Wednesday that Pakistan has credible intelligence that India intends to launch a military strike within the next 24 to 36 hours."Pakistan has credible intelligence that India intends to launch a military strike within the next 24 to 36 hours

Amazon on Tuesday pushed back against a report that it planned to show the cost of President Donald Trump’s tariffs alongside product prices, following sharp criticism from the White House and a personal call from Trump to Amazon founder Jeff Bezos. The confrontation stemmed from a Punchbowl News article

‘Finish your cars in America and you win’: Commerce Secretary says Trump’s auto tariff relief is meant to bring manufacturing home As reported earlier, President Donald Trump is set to sign an executive order today that will ease part of his newly imposed 25% auto tariffs for carmakers assembling

China has lifted the 125% tariff on U.S. ethane imports that was imposed earlier this month, according to two individuals with direct knowledge of the decision. The exemption applies to a select group of products and is expected to ease pressure on Chinese companies that rely on American ethane

The sharpest U.S. stock market selloff since the height of the COVID-19 crisis has left equities looking relatively inexpensive. But if a recession is looming—driven by a deepening global trade war triggered by President Donald Trump’s sweeping tariffs—what counts as "cheap" may be a

What it takes to feel “rich” in America has shifted dramatically: making close to $200,000 a year doesn’t even qualify as upper-class in some states anymore. The label of “wealthy” is becoming increasingly reserved for the ultra-elite—those among the top 1% earning millions. A new analysis by

Amazon on Tuesday pushed back against a report that it planned to show the cost of President Donald Trump’s tariffs alongside product prices, following sharp criticism from the White House and a personal call from Trump to Amazon founder Jeff Bezos. The confrontation stemmed from a Punchbowl News article

The White House on Tuesday sharply criticized Amazon over reported plans to display the cost of President Donald Trump’s tariffs alongside product prices on its website. “This is a hostile and political act by Amazon,” said White House press secretary Karoline Leavitt during a press briefing. Leavitt questioned the

United Parcel Service announced Tuesday that it will eliminate 20,000 jobs and shutter 73 facilities as part of a broader strategy to scale back deliveries for Amazon.com and adapt to the disruptions caused by U.S. President Donald Trump's trade tariffs. A UPS spokesperson cited the

Donald Trump Jr. is set to open an exclusive, members-only club in Washington, D.C., with a hefty annual fee of $500,000. This marks the second private venue overseen by a Trump family member, following Mar-A-Lago, the opulent Palm Beach resort owned by Donald Trump. The new club, dubbed

The U.S. Treasury has significantly increased its borrowing estimate for the current quarter, citing a much smaller cash balance at the start of the period than previously anticipated — a result of Congress still not raising the federal debt ceiling. In a statement released Monday, the Treasury Department said it

U.S. Representative Shri Thanedar announced Monday that he has filed articles of impeachment against President Donald Trump. In his statement, Rep. Thanedar — who serves Michigan’s 13th Congressional District — accused President Trump of “sweeping abuses of power, blatant violations of the Constitution, and acts of tyranny that endanger American

JPMorgan Chase (JPM) CEO Jamie Dimon said a U.S. recession is a "likely outcome" amid the upheaval sparked by President Trump's tariffs, warning that negative market reactions to trade policy "could worsen if we don't make some progress." The head of

While near-term uncertainty clouds the economic outlook, JPMorgan CEO Jamie Dimon says the future remains bright for younger generations. The longtime Wall Street leader believes technology will help Gen Z and Gen Alpha live longer, healthier lives, and that the economy will continue to grow stronger over time. He also

The intensifying trade war between the United States and nearly all of its major trading partners has triggered a wave of predictions and warnings that a global recession may be imminent. Economists speaking with CBC News say a downturn is virtually unavoidable unless the U.S. makes a significant course

Baby boomers were undoubtedly a fortunate generation. After World War II, they had the opportunity to build significant wealth, benefiting from rapidly growing economies that boosted earnings, real estate, and stock markets. Meanwhile, younger generations today face slower productivity growth and several economic setbacks, from the 2008 financial crisis to

The rapid growth of artificial intelligence-driven data centers is set to boost demand for gas- and coal-fired power plants, according to a new report from the International Energy Agency (IEA). The IEA forecasts that electricity consumption from data centers will double by 2030. Although renewable energy capacity is expected to

Pakistan’s defence minister warned on Monday that a military strike by neighbouring India appeared imminent, following last week’s deadly militant assault on tourists in Kashmir, escalating tensions between the two nuclear-armed rivals. The attack, which left 26 people dead, sparked outrage in Hindu-majority India and led to growing

U.S. President Donald Trump is once again urging Canadians to consider becoming the 51st state—this time on the very morning of Canada’s federal election. On Monday, Trump took to Truth Social, encouraging Canadians to back a leader who would slash taxes, boost military strength, and eliminate tariffs—