Stunning new data reveals 140% layoff spike in July, with almost half connected to AI and ‘technological updates’
Not only did payrolls grow by just 73,000 in July, below Wall Street estimates, but the revisions also…
Everyone’s watching Jerome Powell as warnings flash for the U.S. economy
A surprisingly weak July employment report has intensified expectations that the Federal Reserve will resume cutting interest rates…
Millions of Americans are making a Social Security mistake that could cost them $100,000 or more in retirement income
Most Americans significantly underestimate the amount they lose by claiming Social Security retirement benefits before age 70, and…
‘Not just a cyclical recovery, but a boom.’ BofA says a ‘key tail risk’ is that the Trump economy will actually start to take off
In a market landscape still fixated on fears of stagflation and modest recoveries, Bank of America is sounding…
Warren Buffett’s longtime Social Security warning is coming to fruition, with retirees facing an $18,000 annual cut
In just seven years, Social Security will reach a fiscal cliff that could leave millions of American retirees…
Intel plans to slash 25,000 jobs in 2025 as new CEO warns, ‘There are no more blank checks’
Intel CEO Lip-Bu Tan sent a memo to employees Thursday informing them of significant ongoing layoffs and other…
Delta’s struggles with the airport lounge and the angst of the upper middle class in the age of ‘elite overproduction,’ explained
Delta Air Lines is having a good 2025, reporting strong second-quarter earnings and reinstating its April profit guidance,…
The $124 trillion Great Wealth Transfer is bigger than ever—and millennials will get the biggest cut
America stands at the edge of the most dramatic shift in personal finance ever measured—a generational transfer of…
American Express just offered a peek inside how wealthy Americans are doing—they’re thriving, even the Gen Z members
When American Express unveiled its second-quarter 2025 results on Friday, it didn’t just announce another round of record-breaking…
Tech layoffs 2025: How Microsoft, Google, and Meta are plotting for the AI era
Six months into 2025, the tech industry has seen thousands of layoffs as giants such as Microsoft, Google,…
The college degree ‘safety premium’ is almost gone—but mainly because so many non-grads have given up looking for work
For decades, a college degree was seen as a near-guarantee of better job prospects and economic security. But…
The U.S. created over 1,000 new millionaires per day in 2024
The U.S. now accounts for about 40% of the world’s millionaires, despite representing only 4% of the global…