The full implications of China achieving a 2.5% growth rate are still being comprehended, even in Beijing. A key consideration is that if the U.S. grows at 1.5%, with comparable inflation rates and a stable exchange rate, China might not surpass the United States as the world&

Cryptocurrency company Ripple Labs, $XRP, is buying back $285 million worth of shares in the company from early investors and employees, per Reuters. The investment, also referred to as a tender offer, assessed the company's value at $11.3 billion. According to undisclosed sources, investors are limited to

Here is the full approval doc: https://www.sec.gov/files/rules/sro/nysearca/2024/fg-89shlq.pdf Images incase links go down: page 1: https://gyazo.com/60eb2a728c40a614ec3975df021797a9 page 2: https://gyazo.com/f423143e720f14b8ea193af74019c0af page 3: https://gyazo.com/be900027bf87a42003c4853dd3e35371 page 4: https://gyazo.com/5faf4cb45d1e1bac804b3df25bf2845c page 5: https://gyazo.

According to a Twitter post by X Safety, Twitter/X said: We can confirm that the account @SECGov was compromised and we have completed a preliminary investigation. Based on our investigation, the compromise was not due to any breach of X’s systems, but rather due to an unidentified individual

Bernie Sanders has said: This is what oligarchy is about. Today just 3 Wall Street firms, BlackRock, Vanguard & State Street manage $20.7 trillion in assets. These 3 firms are major shareholders in 95% of S&P 500 companies, U.S. Senator Bernie Sanders has once again criticized

Elizabeth Warren has said: Since the Great Recession, institutional investors have bought up hundreds of thousands of single-family homes, hoovering up a significant chunk of the housing supply and hiking rents by double digit margins. Democratic legislators in both the U.S. House of Representatives and the U.S. Senate

Mortgage rates will stay above 6% through 2025, Goldman Sachs has said. Goldman Sachs has adjusted its forecast, anticipating a decrease in 30-year mortgage rates to 6.3% by the close of 2024 and a further dip to 6% in 2025 as the Federal Reserve initiates interest rate reductions. This

As lab diamonds have gained popularity, the cost of all diamonds has dropped, per Axios. As the popularity of lab diamonds rises, the overall cost of diamonds has decreased. A recent survey by trade publication InStore revealed that approximately 63% of independent jewelers in the U.S. now offer lab

X has announced it would begin rolling out a peer-to-peer payment service similar to Venmo or PayPal this year, per Frobes. X has revealed plans to introduce a peer-to-peer payment service akin to Venmo or PayPal later this year. In an official blog post, the company highlighted the new feature

Chair Gary Gensler clarified on Twitter that the U.S. Securities and Exchange Committee's official account was hacked, following a misleading tweet about the approval of spot Bitcoin ETFs. He stated, “The @SECGov twitter account was compromised, and an unauthorized tweet was posted. The SEC has not approved

Blackrock is reportedly to lay off approximately 600 employees, mainly from their ESG division,, per FOX. BlackRock is reportedly set to undergo job cuts affecting approximately 600 employees, characterized internally as routine and similar to last year's layoffs based on performance metrics. Despite a rebound in BlackRock'

Recent Gallup survey data reveals that Americans are reporting higher rates of diabetes diagnoses, reduced adherence to healthy eating, increased cholesterol levels, and decreased confidence compared to pre-pandemic times. This pandemic-related trend is seen as contributing to record-high levels of obesity and diabetes. In 2023, 38% of American adults were

Realtors face billions in damages for overcharging home buyers and sellers, per BI. In November, The National Association of Realtors (NAR) and several real estate firms have been directed to pay $1.8 billion in damages following a federal jury ruling in Missouri, which determined that they conspired to artificially

46% of Gen Z don't think college is worth the cost, per YouGov. In a recent survey conducted by Business Insider in collaboration with YouGov, over 1,800 Americans spanning five generations, with more than 600 respondents from Generation Z aged 18 and above, were asked about their

North Korea has launched over 200 rounds of artillery shells off its western coast, directed towards South Korea's Yeonpyeong island, as confirmed by Seoul's military. Following the incident, South Korea issued an evacuation warning to civilians on the island, though they did not explicitly link the

Millennials have earned the most of any generation, but they still hold way less wealth, largely because cost of living has outpaced wage increases, per BI. Millennials have stated they need $525,000 a year to ‘feel happy,' per Empower. According to an Empower survey conducted by the Harris

Crucial indicators of physical health have markedly deteriorated since the pre-COVID-19 era, encompassing factors such as obesity, diabetes, and dietary habits. Gallup's classification reveals that an estimated 38.4% of U.S. adults are now considered obese, marking an increase of 6.0 percentage points since 2019 and

Google, $GOOGL, likely to layoff 30,000 employees post new AI innovation The proposed reorganization is poised to have a significant impact on Google's advertising sales division, where the company is exploring the advantages of integrating AI to enhance operational efficiency. The incorporation of AI in this sector

The typical person moving to Texas is an unmarried millennial making $50,000 in search of a better life, per BI. Many individuals choosing to relocate to Texas are motivated by a more affordable cost of living compared to states like California, a more relaxed lifestyle, and prospects for starting

Wages have increased by 19% in the US since 2006. But when you factor in inflation, "real wages" have declined by 8.8%, per Payscale. Economic blogger Kevin Drum recently highlighted data on inflation-adjusted median household income from the US Census Bureau, focusing on millennials, Gen X, and

Bud Light sales have steadily declined each month by 25% to 30% since Dylan Mulvaney’s campaign touting the brand on April 1, 2023. In the United States, beer sales are anticipated to reach their lowest point since 1999, primarily attributed to the significant decline of Bud Light following its

Businesses tied to Republican former U.S. President Donald Trump received at least $7.8 million in foreign payments from 20 countries during his four years in the White House, Democratic congressional investigators have said, per Reuters. Democrats on the House Oversight Committee have asserted that the foreign payments disclosed

Vivek Ramaswamy has sold $33 million worth of shares in Roivant Sciences, the biotech company he founded, per Axios> Ramaswamy intends to use some proceeds for a “significant investment” in his campaign, a spokesperson told Axios. The Iowa Republican caucuses are set to begin in less than two weeks.

Sources report that bitcoin spot ETF is going to be approved by the SEC for *multiple* firms' applications, with news expected tomorrow The Securities and Exchange Commission (SEC) of the United States is reportedly on the verge of approving applications for spot Bitcoin exchange-traded funds (ETFs) from multiple companies,

Supreme Court Justice Clarence Thomas is committing tax fraud, per the Jacobin. Recent revelations from ProPublica have brought to light the various luxury gifts bestowed upon Justice Clarence Thomas by affluent supporters, encompassing vacations, private flights, school tuition, and a loan for a high-end RV. Thomas, contending that these were