The dam is breaking!

In a terrifying admission that signals a seismic change in corporate America, the CEO of one of the biggest carmakers in the US has broken cover to admit the devastating effects AI will have on the workforce. Continue reading →

It looks like a real sale from a big brand, until your credit card details are stolen.

An alarming wave of online scams is sweeping the US, targeting shoppers with fake websites designed to mimic major retailers.

These sites are crafted to steal your payment information without delivering a product, often luring shoppers in through social media links, fake ads, or even top Google search results. Continue reading →

It was September 29, 2021 – nearly four years ago – that then House Speaker Nancy Pelosi held a press conference about their $3.5 trillion “Build Back Better” spending bonanza.

Despite the outrageously high price tag, Pelosi told reporters at the presser, “the dollar amount [of the Build Back Better bill], as the President said, is zero.”

She then made a little circle with her right thumb and index finger to emphasize her point, pivoting to all the cameras from left to right as if to insist that there was no cost to her $3.5 trillion legislation. Continue reading →

While everyone has been preoccupied with the war in the Middle East and the anti-ICE protests going on around the nation, economic conditions in the U.S. have continued to deteriorate. The housing market is in abysmal shape, consumer spending is down and layoffs are way up.

Meanwhile, fear of our seemingly endless cost of living crisis is preventing the Federal Reserve from cutting interest rates, and we shouldn’t expect any additional “economic stimulus” from our politicians in Washington any time soon because the federal government is already facing an unprecedented debt crisis. In other words, our economy is a giant mess and the cavalry isn’t going to come riding along to save us. Continue reading →

You hear about gas prices everyday. The President brags that per-gallon prices have dropped to $1.99 in some places. After paying over $4.00 here in Las Vegas, I wonder where he is talking about. He ran on bringing down prices at the pump, saying “drill baby drill” constantly at his rallies.

But, in real terms, gas prices have gone down. A line from a Wall Street Journal piece illustrates the point. “Silver’s rally has made it worth the effort to sift through coin jars looking for old dimes, quarters and half dollars. The melt value of 25-cent coins minted from before 1965, when they were made of silver, is more than $6.50.” Continue reading →

Campbell’s CEO said there is a “growing preference for home cooked meals.”

That could be a canary in the economic coal mine, as people eating out less could impact the GDP. Two consecutive quarters with a reduced GDP signal a recession.

People are opting to eat at home more often these days – and that could be an early warning that a recession is on the horizon. Continue reading →

The US Social Security and Medicare programs for seniors will both run short of funds to pay full benefits in 2033.

The go-broke dates the two trust funds have moved up due to rising health care costs and new legislation affecting Social Security benefits, according to an annual report released Wednesday.

The yearly assessment found that Medicare’s hospital insurance trust fund will be unable to fully cover costs beginning in 2033 — three years earlier than last year’s estimate. Continue reading →

Digital currency market could reach $3.7T by decade’s end as legislation moves toward president’s desk.

A revolution in the cryptocurrency world may soon go mainstream, as lawmakers move to formally regulate stablecoins, a digital currency designed to maintain a fixed value.

“The internet is now colliding with the financial industry and the financial system,” said Circle CEO and co-founder Jeremy Allaire on “Mornings with Maria” Wednesday. “There’s an opportunity to build very significant scaled platforms and utilities in the same way that we’ve seen those built in other industries on the internet.” Continue reading →

With concerns of a potential recession looming, people are ditching credit card chaos for something surprisingly old-school: predictability.

In a world where “YOLO” spending and “buy now, pay later” culture have dominated headlines, something unexpected is happening: Americans are getting surprisingly practical about money. A new survey reveals that a massive 77% of Americans have fundamentally changed how they manage their finances due to ongoing economic conditions, and their new priorities might actually restore your faith in financial sanity. Continue reading →