The recent increase in young adults living with their parents has reached levels not seen since the Great Depression, a trend detailed in a study by Wharton professor Susan Wachter and co-authors Arthur Acolin and Desen Lin. This shift is primarily attributed to worsening housing affordability, higher unemployment rates, and

Apple Inc. is delving into personal robotics, potentially marking a significant venture for the tech giant, according to sources familiar with the matter. Apple engineers are exploring a mobile robot designed to follow users around their homes, as well as an advanced table-top home device that incorporates robotics to move

Powell: under current outlook, rate cuts likely to be appropriate this year. "Recent readings on both job gains and inflation have come in higher than expected," Powell said in a speech to the Stanford Graduate School of Business, and while policymakers generally agree rates can fall later this

US banks are snapping up Treasuries at the fastest clip since the peak of pandemic-sparked worry swept markets in 2020, per Bloomberg. During the two-week period ending on March 13, commercial banks acquired $103 billion of Treasuries and non-mortgage debt from federal agencies, as reported by the Federal Reserve'

In his recent annual investor letter, BlackRock CEO Larry Fink cautioned that without a concerted, high-level effort by corporate leaders and politicians to reimagine retirement in the US, there's a risk of alienating younger generations from both capitalism and politics. "It's no wonder younger generations,

Amazon, $AMZN, intends to invest $150 billion in data centers as the world braces for a surge in demand for artificial intelligence. This spending spree is a demonstration of strength as the company seeks to maintain its dominance in the cloud services market, where it holds roughly twice the market

Olive Garden and LongHorn Steakhouse have reported last week that households with incomes above $150,000 had more transactions at its restaurants in the most recent quarter than a year ago, whereas transactions among those making less than $50,000 fell. Darden Restaurants Inc. is experiencing a pullback from lower-income

Traders should prepare for a worldwide reduction in liquidity, which is likely to bring about increased market volatility, as per Gavekal Research. Despite the Federal Reserve's interest rate hike, technology stocks, gold, and bitcoin have all seen significant gains recently, indicating that there is still ample liquidity in

NATO proposes a $100 billion, five year fund to support Ukraine. Allies are currently in discussions about Stoltenberg’s proposal and the logistical aspects of the accounting, including whether to incorporate bilateral aid to Ukraine into the total sum, according to sources familiar with the talks. The proposal, which requires

Taiwan Semiconductor Manufacturing, $TSM, evacuated factory areas after a major earthquake rocked its home island, endangering production at the world’s largest maker of advanced chips. Taiwan Semiconductor Manufacturing Co., the world’s largest producer of advanced chips, temporarily halted some chipmaking equipment and evacuated employees following the strongest earthquake

25% of Gen Zers say they’ll need a therapist to deal with tax filing stress, per CNBC. Taxes are universally disliked, but they can be especially daunting for younger generations who may be filing for the first time. According to a recent Cash App Taxes survey, 1 in 4

Bitcoin, a digital currency renowned for its remarkable performance over the last decade, may not continue to experience the same level of extraordinary growth in the future, according to insights from BlackRock. As Bitcoin becomes increasingly integrated into mainstream finance and more regulated, particularly with the advent of exchange-traded funds

The Florida Supreme Court has decided not to block a ballot initiative aiming to legalize recreational marijuana use for adults in this year's general election. This decision is a significant boost for the effort to legalize marijuana in the third-most populous state in the country. With approval from

California's $20 minimum wage for fast-food workers goes into effect. Governor Gavin Newsom signed AB 1228 into law in September, which not only mandates pay raises but also establishes a "Fast Food Council" comprising representatives for both workers and employers. This council has the authority to

Those in unions had a median wealth of $338,482 compared to $199,948 for nonunion workers, per Axios. Typically, unionized workers earn about 10%-20% more than their nonunion peers, but these wealth gaps are far wider, indicating that the benefits of union membership accrue to workers over time.

Real estate prices are bottoming and there’s a great opportunity to move fast and buy assets at beaten-down prices, per BlackStone. "The perception is quite negative, yet the value decline has already occurred, so when you reach this bottoming period, that's when you want to act,

Joe Rogan's podcast audience is the highest of all listened podcasts, and it is 3x the next biggest, per Bloomberg. Last month, Spotify quietly began testing a feature that reveals the popularity of Rogan and other podcasters. This feature, which is not publicly named, appears on the landing

63% of young adults believe the stock market is a great place to build wealth and invest, but many are not participating, per CNBC. Despite earning more, many Gen Z adults and millennials are struggling to find room in their budgets to invest. According to the latest Youth & Money

How has the economy managed to avoid recession despite high inflation and interest rates? Most Americans, especially younger ones, aren't worried about losing their jobs. "It has been a very long time since workers were worried about the labor market," wrote U.S. economist Thomas Simons

Renting is now cheaper than owning in all of America’s 50 biggest metro areas, per MW. In its February monthly rent report, the company found that it's more affordable to rent than to buy a home in all of the top 50 metro areas in the U.

BlackRock, $BLK, CEO Larry Fink has called for the government and private sector to coordinate to ensure Americans have enough money to retire. The "LifePath Paycheck" will launch in April, with 14 retirement plan sponsors aiming to make it available for 500,000 employees in defined contribution plans.

Trader Joe's has increased the price of bananas for the first time in more than two decades — the price is now 23 cents apiece up from the 19-cent price set in place in the early 2000s, per Axios. Trader Joe's recently increased the price of a

Stock valuations mirror the extremes of 1929 and the market is at risk of a steep crash, investor John Hussman has said. Stock valuations are reaching extreme levels reminiscent of those seen before the crashes of 1929 and 2021, signaling a potential steep decline, according to John Hussman. The renowned

Apple's, $AAPL, iPhone shipments in China fell about 33% in February from a year earlier, per Bloomberg. Government data revealed that foreign smartphone brands shipped approximately 2.4 million units last month, a decrease attributed to the later timing of the Lunar New Year. Apple dominates these shipments,

Leaked document shows Amazon, $AMZN, expects to save $1.3 billion by slashing office vacancies and terminating leases early. Amazon is reducing its office space by allowing certain leases to naturally expire, halting the use of some office floors, and negotiating early lease terminations for some buildings, according to a