omeone is launching a 4x S&P 500 ETN with the ticker $XXXX, which would be a leveraged amount record in the US, per Eric Balchunas of Bloomberg. Other ETFs have launched recently, per Bloomberg. A specialized issuer is introducing a biotechnology exchange-traded fund (ETF) with a focus on

Spotify, $SPOT, is laying off 17% of its employees in an attempt to cut costs, thereby firing 1,500 people. "Economic growth has dramatically slowed, and the cost of capital has increased. Spotify is not immune to these economic realities," Ek wrote in a letter to employees posted

Biden said: Inflation was 0% last month – and our economy grew by more than 5% last quarter. Bidenomics. The community note said: Tweet is referring to the PCE index, % change from the preceding month. Inflation is normally assessed annually (12 months) however, & the Fed’s PCE goal is 2%

Elon Musk has said that, "AI is more dangerous than nuclear bombs." He contended that any entity posing physical danger to the general public should be regulated. Cars undergo extensive regulation. Communications are subject to rigorous regulation. Aircraft are heavily regulated. The overarching philosophy behind regulation is that

In November, these are some of the groups that have stopped advertising on X, per NYT: - Apple, $AAPL - Disney, $DIS - Paramount, $PARA - Lionsgate - IBM, $IBM - Comcast, $CMCSA - NBC Universal - The European Commission - Walmart, $WMT - Ubisoft - Axios - TechCrunch "

“I've done more for the environment than any single human on earth. What I care about is the reality of goodness, not the perception of it - and what I see all over the place is people who care about looking good while doing evil," Elon Musk

You're probably not getting a raise this year, and it's for the good of the economy, per BI. 67% of Americans say their income isn’t keeping up with inflation, and 42% say their standard of living is declining, per Empower. Gen Z plans to retire

Instead of utilizing the $11 million fund received from Netflix for his science fiction series, director Carl Rinsch diverted all the money into gambling and incurred a loss of nearly $6 million through futures trading. However, he managed to transform the remaining $4 million of the grant into $27 million

"We have chosen not to advertise on X as we have identified other platforms that offer better opportunities to connect with our customers," stated a Walmart representative. X, formerly known as Twitter, did not respond immediately to a request for comment. The platform has been grappling with retaining

The average monthly new-mortgage payment is now 52% higher than the average apartment rent, per CBRE. The average rent for an apartment is reaching unprecedented levels due to the continuous surge in housing prices and interest rates. According to data from real estate firm CBRE, this marks an all-time high

25% of America’s “regular rich” — defined as those who make at least $175,000 a year — consider themselves either “very poor,” “poor,” or “getting by but things are tight, per Bloomberg. Almost a third of millionaires in the US now say they're part of the middle class,

74% of Americans say they are stressed about finances, per CNBC. 67% of Americans say their income isn’t keeping up with inflation, and 42% say their standard of living is declining, per Empower. Gen Z plans to retire the soonest of all generations, at age 54, per Empower. 72%

There has been the highest childhood vaccine exemption rate ever in the US, per the CDC. The Centers for Disease Control and Prevention (CDC) reported on Thursday that the number of children exempted from routine childhood vaccines by their caregivers has reached an all-time high, posing a potential risk of

The housing market has hit 'rock bottom' and the sales slump will last a long time, per Redfin CEO. The US market, dominated by 30-year mortgages, is effectively frozen as homeowners with low rates are reluctant to sell and buyers are squeezed, per Bloomberg. 93% of homebuyers have

On Friday, the House voted to expel Republican Rep. George Santos of New York following a damning ethics report that accused him of misusing campaign donations, making him the sixth member in the chamber's history to face expulsion. The vote, requiring support from two-thirds of the House, garnered

President Biden strongly criticized corporate "price gouging" this week in a more forceful manner, signaling a renewed administration effort to address widespread voter dissatisfaction with the economy as the upcoming election approaches. After weeks of internal meetings led by White House Chief of Staff Jeff Zients, Biden'

Massachusetts has become the second US state to report a large uptick in the number of child pneumonia cases amid a mysterious viral outbreak in China, per NYP. Physicians in Massachusetts have observed a surge in cases, coinciding with Ohio reporting sufficient cases to meet its outbreak criteria. However, doctors

92% of Americans are cutting back on their overall spending in some way, per CNBC. America's headed for an interest payment crisis, per Newsweek. Read full article: https://www.newsweek.com/americas-interest-payment-crisis-national-debt-rise-33-trillion-economy-challenges-1838011#:~:text=A%20Closer%20Look%20at%20the%20Figures&text=America%20paid%20a%20whopping%20%24659,and%

If money were no object, 64% of Americans would quit their job tomorrow, per Empower. 62% of Millennials say they’re willing to pay $7 for a daily coffee because of the joy it brings, per Empower. 67% of Americans say their income isn’t keeping up with inflation, and

Florida had some of the worst ACT scores in the nation this year. ACT test scores fall to lowest levels in 32 years, per Axios. The 2023 composite score, an average of the scores for the English, math, reading and science sections, was 19.5 out of 36. This was

Canada continues to be one of the few nations globally allowing legal and regulated access to recreational marijuana. However, five years after legalization, the country's cannabis industry is grappling with survival. George Smitherman recalls purchasing his initial legal gram of cannabis in October 2018 from a Tweed shop

Bitcoin could surge 300% to $120,000 next year as miners reduce token sales, per Standard Chartered. In April, he projected that bitcoin could reach $100,000 by the next year, but he now considers that estimate might be too conservative, particularly when taking miner profitability into account. "We

The US market, dominated by 30-year mortgages, is effectively frozen as homeowners with low rates are reluctant to sell and buyers are squeezed, per Bloomberg. 93% of homebuyers have regrets about purchasing a house in 2023, per YahooFinance. Read full article: https://finance.yahoo.com/news/6-reasons-93-homebuyers-regrets-173511177.html According to

Gen Z and millennials are losing more sleep over their finances than older generations, per Empower. 62% of Millennials say they’re willing to pay $7 for a daily coffee because of the joy it brings, per Empower. 67% of Americans say their income isn’t keeping up with inflation,

62% of Millennials say they’re willing to pay $7 for a daily coffee because of the joy it brings, per Empower. 67% of Americans say their income isn’t keeping up with inflation, and 42% say their standard of living is declining, per Empower. Gen Z plans to retire