San Francisco Creates Reparations Fund Framework San Francisco has formally established a Reparations Fund framework after Mayor Daniel Lurie signed an ordinance passed unanimously by the city’s Board of Supervisors late last year. The measure creates the legal and administrative structure for a future reparations program aimed at Black

Trump Says U.S. Will Intervene If Iran Suppresses Protests Former U.S. President Donald Trump posted on Truth Social that the United States is “locked and loaded and ready to go” if Iran’s government violently cracks down on nationwide protests, according to verified reporting from Reuters and the

JPMorgan’s Jamie Dimon Says Soft Skills Will Matter as AI Automates Tasks JPMorgan Chase CEO Jamie Dimon argues that as artificial intelligence continues transforming the workplace and eliminating certain roles, workers with strong soft skills — like emotional intelligence, communication, collaboration, and judgement — will be increasingly vital. Dimon’s comments

OpenAI’s Stargate Project May Consume a Huge Share of Global DRAM Supply OpenAI’s next-generation AI infrastructure project — codenamed Stargate — is reportedly poised to use a staggering portion of global DRAM production, with potential demand reaching up to 40% of worldwide output according to multiple industry sources. To support

Economist Warns of a “K-Shaped” Economy and Stagflation Risk Economist Diane Swonk is signaling that the U.S. economy may be sliding into a K-shaped pattern — where some parts of the economy (wealthier households and large corporations) continue to do well, while the rest (lower-income workers and small businesses) lag

“Ghost Jobs” Are Inflating Job Postings Without Real Hires A recent BBC News piece highlights a growing concern in labor markets: so-called “ghost jobs” — online job listings posted by employers with no real intention of hiring for them. Researchers and employment-policy groups say this practice has surged, frustrating jobseekers and

Gen Z and Millennials Approach Work Very Differently A new Fortune piece highlights growing tension between Generation Z and Millennials around work habits, expectations, and productivity norms. While Millennials often entered the workforce with traditional 9–5 expectations, many Gen Z workers emphasize balance, remote flexibility, value alignment, and structured

AWS CEO Pushes Back on AI Displacement Narrative Amazon Web Services (AWS) CEO Matt Garman criticized the commonly held idea that artificial intelligence will largely displace junior employees, calling it “the dumbest notion.” Garman argues that this narrative overstates the short-term effects of AI on labor markets, emphasizing that automation

AWS CEO Pushes Back on AI Displacement Narrative Amazon Web Services (AWS) CEO Matt Garman criticized the commonly held idea that artificial intelligence will largely displace junior employees, calling it “the dumbest notion.” Garman argues that this narrative overstates the short-term effects of AI on labor markets, emphasizing that automation

HUD Chief Ties Housing Affordability Struggles to Unchecked Illegal Immigration The head of the U.S. Department of Housing and Urban Development (HUD) is pointing to unchecked illegal immigration as a factor putting upward pressure on housing costs, particularly in markets with constrained supply. In comments tied to a new

Saks Fifth Avenue Weighs Bankruptcy as Luxury Retail Struggles Saks Fifth Avenue — one of the most iconic luxury retail brands in the United States — is reportedly evaluating a potential bankruptcy filing as sales pressure, debt costs, and shifting consumer preferences squeeze profitability. The situation highlights deepening stress in the high-end

Trump Administration Halts Childcare Payments to Minnesota Amid Fraud Claims The Trump administration has frozen all federal childcare payments to Minnesota as part of an ongoing push to crack down on alleged fraud in the state’s childcare and social services system. Federal officials say the decision was made amid

Baby Boomers Control Around $85 Trillion in Wealth Research shows that Baby Boomers (roughly those born 1946–1964) now hold an estimated $85 trillion of total wealth in the United States — a record concentration. That includes financial assets like stocks, retirement accounts, business equity, and real estate. This remarkable accumulation

Waymo Driverless Cars Reported in Serious Crashes Waymo — Alphabet’s autonomous driving unit — has been linked to multiple serious crashes involving its driverless vehicles, according to recent incident reports and safety disclosures. These crashes come amid growing scrutiny over the real-world performance and safety of autonomous vehicle (AV) technology as

Minnesota Man Pleads Guilty in Immigration Enforcement Fraud Case A man in Minnesota has pleaded guilty to charges of submitting fraudulent immigration enforcement records to a federal agency, in what prosecutors described as a scheme to mislead authorities and secure unauthorized documents. The case highlights persistent vulnerabilities in government oversight

Poll Finds Declining Trust in U.S. Among Key Allies A new Politico-Public First poll shows that large shares of the United States’ closest allies now view America as a “negative force” in global affairs, reflecting growing dissatisfaction with U.S. foreign policy under President Donald Trump. The survey — covering

Japan Reports Record Low Births as Demographic Decline Deepens Japan’s national statistics show that births have dropped to their lowest level on record, continuing a multi-year decline in fertility that has pushed the country into one of the world’s most rapidly aging populations. The trend reflects deep structural

401(k) Millionaires Hit a Record High A growing number of Americans are now crossing the $1 million mark in their 401(k) retirement accounts, with Fidelity reporting about 654,000 such “401(k) millionaires” as of the third quarter of 2025 — the highest count on record. This surge comes

Sam Altman: True Wealth Comes From Ownership In his widely read blog, startup veteran and investor Sam Altman makes a key point about wealth creation: true wealth doesn’t come from high salaries — it comes from owning things that increase rapidly in value. In his list of principles for achieving

Housing Costs Have Far Outpaced Income Growth Over the past five years, U.S. housing costs have climbed dramatically faster than household incomes, raising serious questions about affordability and financial stress among homeowners and would-be buyers. Estimates from industry research show that the typical mortgage payment has jumped roughly 82

FT Says U.S. Economy Is at the Mercy of Crony Capitalism A Financial Times column warns that “crony capitalism” — in which political connections and transactional policy decisions tilt economic rewards toward insiders — has become a defining feature of the U.S. economy under the current administration. The piece argues

China Keeps Rare-Earth Curbs Despite Trade Deal With U.S. U.S. rare-earth buyers report that China is still restricting exports of key rare earth elements, even after President Donald Trump and Chinese President Xi Jinping struck a deal in October that was meant to ease supply constraints. Market participants,

Weak Job Market Is Pushing 40-Somethings Back to School In the current labor environment, individuals in their early 40s and beyond are increasingly returning to school or pursuing additional credentials amid tougher job prospects and slower hiring. Rather than matching the traditional career progression many expected, the job market’s

U.S. Q3 2025 GDP Initial Estimate Signals Slower Growth The initial estimate of U.S. gross domestic product (GDP) for the third quarter of 2025 showed weaker-than-expected economic growth, indicating that the pace of expansion in the world’s largest economy has cooled more than markets anticipated. Economists had

Housing Affordability Strains Generational Wealth Creation A recent housing affordability analysis indicates that the sustained rise in home prices — outpacing incomes in many regions — is increasingly limiting the ability of younger generations to build wealth through homeownership. As affordability gaps widen, traditional pathways to household equity and intergenerational wealth transfer