News
The new reality for white-collar workers: lower pay
3+ week, 6+ day ago (364+ words) The triumph, though, was bittersweet. The position was a six-month contract as a technician, two steps down from his previous role as senior manager. He'd have no guarantee of work once the contract ends. And he'd be earning only half…...
Take our survey on the future of capitalism
4+ mon, 1+ week ago (155+ words) What does capitalism mean to you? Over the past few years, polls have shown that American sentiment toward capitalism is on the decline " especially among Democrats and younger generations. For example, the latest Harvard Youth Poll found that 39% of surveyed…...
The biggest myth about the AI-powered economy right now, according to a veteran investment chief
3+ week, 6+ day ago (447+ words) A common narrative of the AI boom says that the technology will lead to vast gains in productivity. Throughout 2025 and 2026, companies like Amazon, Meta, and Block have laid off chunks of their workforce and cited AI as at least part…...
Best High-Yield Savings Accounts: Top Online Savings Accounts and Interest Rates
11+ mon, 3+ week ago (1789+ words) When shopping for the best online savings accounts, you should consider the account's interest rate, monthly service fees, ease of use, and additional perks. A high-yield savings account, also known as an HYSA, is a type of savings account that…...
Why the Fed won't rush to cut rates as the oil shock hits, according to famed investor Ruchir Sharma
1+ week, 3+ day ago (444+ words) Don't expect the Fed to rush to prop up the US economy if it runs into trouble, Ruchir Sharma says. The famed investor and Rockefeller Capital Chairman said he believes the Fed's hands are tied when it comes to cutting…...
Inflation is expected to rise " and Iran war costs could linger for months despite the ceasefire
1+ week, 4+ day ago (471+ words) A new inflation report is around the corner, likely unveiling the effects of the Iran war on prices, but even if a tentative ceasefire holds, energy prices could stay high for months. It's likely that inflation surged in March due…...
Market Odds of a Fed Cut Double on Iran War Ceasefire Deal
1+ week, 5+ day ago (529+ words) Federal Reserve rate cuts are back on the table with markets repricing the odds of lower interest rates in 2026 after the US, Israel, and Iran agreed to a ceasefire. The probability of the Fed cutting interest rates by the end…...
New data backs what women have long suspected: Men are bad shoppers. It's costing households.
1+ week, 5+ day ago (376+ words) Of course, not all men are complete noobs when it comes to roaming the aisles, but couples may want to do some extra inspection of what's being bought and how much is being spent when the male half goes to…...
What gas price shock? Pok'mon cards and Needoh tell another story
2+ week, 14+ hour ago (409+ words) Rising gas prices might not be hurting consumer spending as much as feared. Look at Pok'mon card sales. Average gas prices in the US passed $4 a gallon last week, increasing more than a dollar over one month after the US…...
Goldman says AI disruption will have a 'scarring effect' and lead to a yearslong pay cut for displaced workers
2+ week, 10+ hour ago (507+ words) Losing your job to AI could be even more costly than workers expect, Goldman Sachs says. In a report on Monday, the Wall Street bank said it analyzed 40 years of labor market data and found that workers who lost their…...