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Report Finds Nearly Half of Gen Zers Rely on Financial Support from Parents

Today, 46% of Gen Zers rely on financial assistance from their family, according to a new report from Bank of America. Inflation’s recent surge, combined with specific challenges related to housing costs and college affordability, are largely to blame.

Economists largely agree that high inflation cannot be attributed to either President Biden or former President Trump

The consumer price index (CPI) moderated again in June 2024, as reported by the Bureau of Labor Statistics on Thursday. The CPI annual inflation rate has declined to 3% from its 9.1% pandemic-era peak in 2022.

SBA Launches New Credit Lines Up to $5 Million to Support Small Businesses

The U.S. Small Business Administration (SBA) is set to unveil new government-backed credit lines of up to $5 million for small businesses, as announced by SBA Administrator Isabel Casillas Guzman during an interview with CNBC.

New UK Finance Chief Revives Housing Targets to 'Get Britain Building Again'

A former Bank of England economist, Rachel Reeves was appointed as Britain’s first female chancellor of the exchequer — equivalent to a finance minister — on Friday. Reeves' appointment marks a historic milestone, as she takes on the critical role in Prime Minister Keir Starmer’s newly formed Cabinet.

Japanese Warship Enters Chinese Waters Near Taiwan Despite Warnings, Reports Domestic Media

The Japanese destroyer Suzutsuki temporarily ventured into waters off China’s eastern province of Zhejiang on July 4 despite warnings from Chinese vessels.

While medical debt now has less impact on credit reports, it remains a significant burden for consumers

The share of people with medical debt in collections that shows up in their credit reports has fallen in the past decade, according to the Urban Institute. In 2013, 19.5% of Americans had medical debt in collections, while 10 years later, in 2023, that share fell to 5%, according to new research by the Urban Institute.

Who Will Bear the Cost of Addressing the Growing National Debt

America’s most unaddressed gigantic problem is the $35 trillion national debt. It’s rapidly growing to unsustainable levels, and Americans are eventually going to face some unhappy choices. Neither of this year’s presidential candidates — incumbent Democrat Joe Biden and Republican challenger Donald Trump — is leveling with voters about the sacrifices that loom.

Cisco is Extremely Optimistic About Growing Business with Chinese EV Market

Cisco is "very optimistic" about its growing business with Chinese electric car companies as they expand overseas, according to Ming Wong, Cisco’s Greater China head, in an interview with CNBC.

Disney Heiress and Wealthy Democratic Donors Withhold Funding Until Joe Biden Exits Presidential Race

Abigail Disney, heiress to the Disney family fortune, has decided to withhold her financial support for the Democratic Party until Joe Biden steps down from the presidential race. This move comes after a recent debate performance that many viewed as lackluster.

United Airlines is now sending live weather map updates via text to inform travelers about flight delays

United Airlines has announced a new initiative to better explain flight delays to its customers by texting them live weather map updates.

Hunter Biden Files Lawsuit Against Fox News Over ‘Mock Trial’ Miniseries

Hunter Biden, son of U.S. President Joe Biden, has taken legal action against Fox News, alleging that the conservative news outlet violated New York state’s revenge porn law and caused emotional distress by airing a fictionalized miniseries.

Report Reveals TikTok and Influencers Significantly Influence Gen Z's Shopping Choices

A recent study by KPMG has unveiled that Generation Z in the Asia-Pacific region is significantly influenced by idols and social media influencers when making purchasing decisions.

New IRS Guidance on Crypto Tax Reporting: What It Means for Investors

The U.S. Department of the Treasury and IRS recently unveiled final tax reporting rules for digital asset brokers, and experts emphasize that crypto investors have limited time to prepare.

Top Wall Street Analysts Recommend These Dividend Stocks for Superior Returns

Dividend-paying stocks can help investors bolster their portfolios and boost returns. Investors searching for these names will need to find companies that have a track record of making steady payments, backed by robust financials. Here are three attractive dividend stocks, according to Wall Street’s top pros on TipRanks, a platform that ranks analysts based on their past performance.

Is the U.S. Stock Market Overly Concentrated? Key Insights You Need to Know

Over the past decade, the 10 largest U.S. companies have significantly increased their share of the S&P 500 stock index. A decade ago, these companies accounted for 14% of the index. Today, they make up more than a third. This shift has largely been driven by the rise of the "Magnificent Seven" stocks: Apple, Amazon, Alphabet, Meta, Microsoft, Nvidia, and Tesla.

Google Invests in BlackRock-Backed Taiwanese Solar Developer to Enhance Energy Capacity Amid AI Surge

Google announced on Monday that it will partner with BlackRock to develop a 1 gigawatt pipeline of new solar capacity in Taiwan. This move is part of Google's broader strategy to boost energy capacity and reduce carbon emissions amidst the surge in artificial intelligence (AI) technologies.

For Atlanta entrepreneurs, voting decisions extend beyond business performance alone

Having regained control of his members-only networking space in December, he reported that the Gathering Spot has achieved $20 million in revenue and continues to grow. The Atlanta-based company is now poised to expand with a fourth location in Houston by next year.

Amazon Strengthens AI Development by Hiring Executives from Adept and Licensing Its Technology

Amazon has made a significant move to bolster its artificial intelligence capabilities by hiring top executives from the AI agent startup Adept, the company has confirmed. As part of this strategic deal, Amazon will license technology from Adept, which includes some of its advanced AI models and datasets.

Op-Ed: Transforming Financial Worries into Flourishing for Gen X

Generation X often finds itself managing financial commitments to both adult children and aging parents, alongside their own current needs and goals. While this generation is experiencing peak incomes, they also grapple with significant student loan debt, high overall debt, and low confidence in their retirement prospects.

Oil edges lower after industry group reports jump in U.S. stockpiles

Oil prices fell in early Asian trade on Wednesday after an industry group reported a surprise jump in U.S. stockpiles, fueling concerns about weaker-than-expected demand in the top oil-consuming nation. Brent crude oil futures fell 19 cents, or 0.2%, to $84.82 a barrel by 0023 GMT, while U.S. West Texas Intermediate (WTI) crude futures dropped 11 cents, or 0.1%, to $80.72 per barrel.