News

While global economic indicators suggest stability and modest growth, a pervasive sense of financial strain grips individuals worldwide. Despite the International Monetary Fund's and Financial Stress assertion that the world has dodged a major economic downturn and largely resolved pandemic-induced supply chain disruptions, economic anxiety persis…

The California Public Employees’ Retirement System (CalPERS), the largest Pension Fund's investment in the U.S. with assets totaling $494.6 billion, has announced the appointment of Stephen Gilmore as its new Chief Investment Officer (CIO). Effective from July, Gilmore will succeed Nicole Musicco, who vacated the position in September 2023. Notabl…

Despite the soaring success of artificial intelligence startups attracting substantial investments, the broader venture funding landscape remains stagnant. Data released by Pitchbooks this week reveals a sharp decline in U.S. venture deal volume, sinking to its lowest level since 2017. This trend is mirrored globally, with worldwide deal volume hit…

In a notable departure from traditional retirement patterns, a significant portion of older Americans are choosing to reenter the workforce instead of retiring at 65. This trend, termed "unretiring," reflects a paradigm shift in labor participation among seniors. As per Pew Research, the proportion of Americans aged 65 and above engaging in employm…

Economists are increasingly pointing to rising immigration levels as a crucial factor behind the continued strength of the Labor Markets. Joe Brusuelas, Chief Economist at RSM, asserts that the influx of both legal and undocumented workers has significantly contributed to the sustained growth observed in today's job market data. Despite previous he…

Traders and investors are closely monitoring global interest rate cuts and the upcoming U.S. Election Shake Currency Markets, anticipating these factors to break the world's currency markets out of their lowest volatility levels in almost four years. Measures of both historical and expected volatility have dwindled in recent months, largely due to …

Federal Reserve Chairman Jerome Powell conveyed on Wednesday that the assessment of prevailing Inflation Uncertainty levels would require time, thus keeping the prospect of interest rate adjustments uncertain. Speaking at Stanford University, Powell underscored the need for careful observation before any potential policy shifts, particularly regar…

Xiaomi, the renowned Chinese smartphone manufacturer, officially introduced its highly anticipated electric vehicle, the Xiaomi Speed Ultra 7 Electric Car (SU7) sedan, during a launch event in Beijing on Thursday evening. Leading the unveiling was Lei Jun, the company's founder and CEO, who had teased the launch earlier in the week, expressing Xiao…

Seth Meyers Trump Truth Social Valuation, host of Late Night, humorously dissected the recent multi-billion-dollar valuation of Donald Trump's Truth Social during his "A Closer Look" segment. Meyers, known for his comedic commentary, quipped about Trump's purported financial struggles, likening his efforts to raise funds to selling bibles on TV. De…

Recent Colorado's Jobs Data released by Colorado in March is under scrutiny due to concerns about its accuracy. Despite being touted as official figures, the U.S. Bureau of Labor Statistics (BLS) has cast doubt on the reliability of the data, highlighting discrepancies that make it more of an estimation rather than a precise reflection of employmen…