The price of everyday consumer items has risen 16.7% while wage growth has been roughly 12.8%, per BankRate. In October, inflation showed no change compared to the previous month, offering a hopeful indication that the persistent high prices in the U.S. economy might be loosening their grip

Google's, $GOOGL, best Gemini demo was faked, per TC. The demonstration video showcased Gemini AI's impressive capabilities, illustrating how holding a rubber duck could prompt the AI to generate game ideas or provide translations for the word "duck" in various languages. The demo not

Disney, $DIS, has announced plans to develop residential community in NC, per NYP. Storyliving by Disney has revealed ambitious plans for Asteria, a new residential community set to emerge in Chatham County, forming an integral part of the expansive Chatham Park master-planned development orchestrated by the esteemed Preston Development Company.

Democratic legislators in both the U.S. House of Representatives and the U.S. Senate have introduced bills in their respective chambers aiming to prohibit hedge funds from participating in the single-family housing market. They argue that such participation exacerbates supply and affordability challenges. The Senate bill, named the “End

The Depository Trust & Clearing Corporation (DTCC) has just listed Fidelity's spot Bitcoin ETF is now with the ticker $FBTC. Fidelity's Spot Bitcoin ETF has been included in the Depository Trust & Clearing Corporation (DTCC) website with the FBTC ticker, marking a positive development as DTCC

Elon Musk has said he's considering letting Alex Jones back on X/ back on X, nearly a year after declaring he wouldn't reverse the ban on the conspiracy theorist notorious for asserting that the Sandy Hook Elementary School shooting was a hoax. Musk, in a Thursday

McDonald's, $MCD, Big Macs now cost 10% more than in December 2020. US CPI at 3.2% vs 3.3% expected. In October, inflation showed no change compared to the previous month, offering a hopeful indication that the persistent high prices in the U.S. economy might be

Nearly 80% of new homes built for sale in the US are in homeowners’ associations, per Bloomberg. Median house price in October decreased 17.6% to $409,300 from year ago. Read full article: https://www.reuters.com/markets/us/us-new-home-sales-fall-more-than-expected-october-2023-11-27/ The Commerce Department reported a larger-than-expected decline in sales

73% of Gen Zers say they would rather live in the moment, rather than cut expenses, per Intuit. Gen Z plans to retire the soonest of all generations, at age 54, per Empower. 72% of Millennials and 67% of Gen Z say money can buy happiness, per Empower. Empower'

Over the past five years, the average 401(k) balance was essentially unchanged, per Fidelity. Americans are increasingly dipping into their retirement savings to cover housing and medical expenses as living costs rise, as per data released by Fidelity Investments on Monday. The data revealed that 2.3% of workers

Median house price in October decreased 17.6% to $409,300 from year ago. Read full article: https://www.reuters.com/markets/us/us-new-home-sales-fall-more-than-expected-october-2023-11-27/ The Commerce Department reported a larger-than-expected decline in sales of new single-family homes in the United States for October. Higher mortgage rates squeezed out potential buyers,

The Attorney General's office, led by Bob Ferguson, is taking decisive action following successful antitrust lawsuits against major chicken and tuna corporations found guilty of price-fixing. A sum of $40.6 million has been earmarked for financial restitution to assist low-income households across Washington. These lawsuits, which have

The Biden administration is set to forgive $4.8 billion in student loan debt for 80,300 borrowers, per CNBC. The student debt relief is a consequence of the U.S. Department of Education's adjustments to its income-driven repayment plans and Public Service Loan Forgiveness program. U.S.

Americans are doom spending, which is spending money despite economic and geopolitical concerns, per CNBC. Despite widespread concerns about the current economic state, consumer spending has displayed notable resilience. A recent report from Intuit Credit Karma reveals that 96% of Americans are worried about the economy. However, the report also

Former House Speaker Kevin McCarthy announces he's resigning from Congress and will leave at the end of this year, per CNBC. His decision marked a remarkable conclusion to his House career for the former deli counter owner from Bakersfield, California, who rose through state and national politics to

"Return to the office is dead,” Nick Bloom, an economics professor at Stanford University, has said. In the early stages of the Covid-19 pandemic in May 2020, 61.5% of paid, full workdays were conducted from home, as per the Survey of Working Arrangements and Attitudes. However, this percentage

A record number of people in the United States died of suicide last year, while the country's suicide rate reached the highest level in over 80 years, per Axios. In 2022, approximately 49,449 individuals died by suicide, marking a 3% increase from the 48,183 deaths recorded

The Federal Reserve will cut interest rates 6 times in 2024 as the economy shows clear signs of cooling down, per ING. An economy displaying clear signs of slowing down may prompt the Federal Reserve to cut interest rates at least six times in 2024, according to a note from

British Columbia, Canada is using a new law to demand house owners explain where they got the money to buy it, per Bloomberg. British Columbia is pursuing a court order to compel property owners to clarify the source of $1 million used to acquire a Salt Spring Island house in

US Treasury Secretary Yellen has said: The US is responsible for a Ukraine defeat if funding stops. Yellen, during a visit to Mexico City, emphasized the critical nature of funding for Ukraine, specifically highlighting support for Ukraine's general government budget. She stated that securing this funding is essential

On Wednesday, Senate Republicans thwarted the progression of a $110 billion package earmarked for wartime funding in Ukraine and Israel, along with other national security priorities. The vote, falling short at 49-51, failed to meet the Senate's 60-vote threshold for advancement. This move came shortly after President Joe

Senate has blocked the Ukraine funding package On Wednesday, Senate Republicans thwarted the progression of a $110 billion package earmarked for wartime funding in Ukraine and Israel, along with other national security priorities. The vote, falling short at 49-51, failed to meet the Senate's 60-vote threshold for advancement.

The breakdown of the 9-to-5 job is making us lonelier, per FT. Read full article: https://www.ft.com/content/97827e3a-4ece-4ada-a791-407bacfdfa9d The decline of spontaneous fun has been linked to an economic concept introduced by Soviet economist Yuri Larin in 1929, known as "nepreryvka" or the "continuous

Marijuana is legal for more than half of Americans, per Axios. More than 155 million Americans will reside in states where marijuana is legal following the approval of legalization referendums in Maryland and Missouri. This brings the total to 21 states where individuals aged 21 and older can legally possess

NYC law banning discrimination based on height and weight goes into effect went into effect last week, per NYP. Effective November 22, 2023, New York City implemented a law prohibiting discrimination in employment, housing, and public accommodations based on an individual's height and/or weight. Mayor Eric Adams