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—

The Trump administration on Monday highlighted what it described as early successes from its immigration crackdown, even as concerns about due process mount. Officials displayed photos of alleged criminal offenders on the White House lawn and announced new efforts to go after so-called sanctuary cities and states that resist federal

The housing market just experienced its weakest March since the global financial crisis, dragged down by elevated borrowing costs and declining consumer confidence in the broader economy. Sales of previously owned homes fell to an annualized pace of 4 million units last month — the lowest March level since 2009 — marking

Top business leaders are starting to take serious notice. Amid major economic uncertainty, a striking 62% of CEOs now predict a recession or slowdown within the next six months, according to survey results released Monday by Chief Executive. “This uncertainty needs to stop,” said Donald H. Lloyd II, president and

US President Donald Trump declared that “jobs and factories will come roaring back” as he rolled out unprecedented global tariffs during his “Liberation Day” address. With the sweeping tariffs now in effect, steep price increases on goods ranging from clothing to electronics are expected to largely fall on American consumers.

A federal judge in New York sentenced former Rep. George Santos to more than seven years in prison on Friday. "Where is the remorse?" U.S. District Judge Joanna Seybert asked Santos before sentencing him to 87 months behind bars and ordering him to pay nearly $374,000

Boomers now own 37% of the homes in the U.S. while making up just a little over 20% of the population, according to the Census Bureau. They also hold the keys to 57% of vacation properties and 58% of income-generating rental properties, according to the National Association of Realtors.

U.S. President Donald Trump claimed in an interview published Friday that tariff negotiations were underway with China, but Beijing denied any talks were happening, adding to the series of conflicting signals over efforts to de-escalate a trade war threatening global growth. Speaking to TIME magazine, Trump said discussions were

Boomers now own 37% of the homes in the U.S. while making up just a little over 20% of the population, according to the Census Bureau. They also hold the keys to 57% of vacation properties and 58% of income-generating rental properties, according to the National Association of Realtors.

More Americans than usual are tapping into their retirement accounts for emergency funds, a trend that’s drawing the attention of Empower, the country’s second-largest retirement plan provider by number of participants. Hardship withdrawals from 401(k) plans are running about 15% to 20% above the historical average, Empower

U.S. President Donald Trump claimed in an interview published Friday that tariff negotiations were underway with China, but Beijing denied any talks were happening, adding to the series of conflicting signals over efforts to de-escalate a trade war threatening global growth. Speaking to TIME magazine, Trump said discussions were

President Donald Trump, in an interview published Friday, said he’s fond of the idea of raising taxes on the wealthy to help fund some of his policy proposals — but acknowledged the concept might not be “acceptable to the public.” Speaking to Time magazine on Tuesday about his first 100

California’s economy has surpassed that of Japan, making the state the world’s fourth largest economy, according to newly released data. Governor Gavin Newsom highlighted figures from the International Monetary Fund (IMF) and the U.S. Bureau of Economic Analysis showing California’s gross domestic product (GDP) reached $4.

The housing market just experienced its weakest March since the global financial crisis, dragged down by elevated borrowing costs and declining consumer confidence in the broader economy. Sales of previously owned homes fell to an annualized pace of 4 million units last month — the lowest March level since 2009 — marking

President Donald Trump said Thursday that trade talks between the U.S. and China are in progress, disputing Beijing’s claim that no discussions have taken place to ease the ongoing trade war. “They had a meeting this morning,” Trump told reporters, without specifying who participated. “It doesn’t matter

President Donald Trump said Thursday that trade talks between the U.S. and China are in progress, disputing Beijing’s claim that no discussions have taken place to ease the ongoing trade war. “They had a meeting this morning,” Trump told reporters, without specifying who participated. “It doesn’t matter

Household Debt Rises to $18.04 Trillion in Q4 2024 Total household debt in the U.S. increased by $93 billion (0.5%) in the fourth quarter of 2024, reaching $18.04 trillion, according to the latest report from the New York Federal Reserve’s Consumer Credit Panel. The report

Large U.S. companies filed for bankruptcy at the fastest pace in 15 years during the first quarter of 2025, according to S&P Global Market Intelligence. A total of 188 large corporate bankruptcies were recorded through March—marking the highest number since 254 were filed in the first

Factories across China are scaling back production and placing workers on leave as U.S. tariffs—now at 145% on most Chinese imports—dampen demand from American buyers. This downturn has led to order cancellations for products ranging from jeans to home appliances, prompting some factories to reduce shifts or

The White House has been reviewing proposals aimed at encouraging more Americans to marry and have children, as part of an initiative pushed by outside groups concerned with the country’s declining birth rate. Among the ideas presented to White House advisers is a $5,000 “baby bonus” to be

During a phone call last month between U.S. President Donald Trump and Prime Minister Mark Carney, Trump once again raised the idea of Canada becoming the 51st U.S. state—a point that contradicts Carney’s later public remarks, according to sources who spoke to Radio-Canada. Two sources with

In a statement confirming a Wall Street Journal report, the World Economic Forum (WEF) said its board of trustees "unanimously supported the Audit and Risk Committee's decision to initiate an independent investigation following a whistleblower letter containing allegations against former Chairman Klaus Schwab." Schwab has denied