Jack McGeever

Wall Street Has AI-Induced Bloodbath As Exchange Has Worst Day Of Year

Wall Street suffered its worst selloff since April 2025 Thursday when fears of a slowdown in America’s artificial intelligence boom…

4 days ago

Job Openings Rise, But There’s More To The Story

The number of available jobs in the U.S. increased in September, partly due to state and local government gains, while…

7 days ago

Turns Out AI Is Taking Sledgehammer To Job Gains Afterall

Industries adopting artificial intelligence at higher rates are experiencing weaker employment growth and higher unemployment, according to Goldman Sachs research…

1 week ago

Dem Mayor Revives Pre-2008 Mortgage Playbook That Helped Fuel Housing Crisis

Democratic Philadelphia Mayor Cherelle Parker said Tuesday that the city hopes to launch a publicly backed mortgage program before the…

2 weeks ago

Not Everyone At Fed Was Gung-Ho About Keeping Rates Steady: Here’s Why 2 Dissenters Bucked The Crowd

Federal Reserve Gov. Lisa Cook and Cleveland Fed President Beth Hammack broke with their colleagues Wednesday, voting to raise interest…

2 weeks ago

Wealthy Americans Fueling Disproportionate Share Of Consumer Spending

America’s wealthiest households account for an outsized share of consumer spending, according to Federal Reserve research published Oct. 9, raising…

2 weeks ago

Businesses Warn Another Round Of Price Increases Could Be Coming

American businesses warned that higher energy costs could drive additional price increases as existing contracts expire, according to a Federal…

2 weeks ago

AI Agents Pose New Security Headache For America’s Biggest Banks

Major U.S. banks moved to restrict third-party artificial intelligence agents from accessing customer accounts Thursday amid growing concerns over the…

2 weeks ago

Americans Already Worried They Won’t Be Able To Afford Christmas This Year, Plan On Using Buy Now, Pay Later

Americans are planning to borrow for holiday purchases before Halloween has arrived, with many already anticipating repayment trouble, a survey…

2 weeks ago

Will Trump’s Emergency Heating Oil Release Lower Winter Bills?

The Trump administration announced Wednesday it would release up to 315,000 barrels of emergency heating oil as Northeast households face…

2 weeks ago

America’s Job Market Looks Healthy. Hiring Tells Another Story

Americans filed near-historically low numbers of new unemployment claims Thursday, even as slowing hiring and weak job creation exposed a…

3 weeks ago

Airbnb Finally Cracks Down On Hosts Treating Guests Like A Free Maid Service

Airbnb announced Tuesday it would crack down on hosts requiring paying guests to wash dishes, strip beds and complete other…

3 weeks ago

Young Americans Lead Credit Card Spending Surge As Cost Of Living Squeezes Paychecks

Gen Z and millennial customers recorded the fastest growth in credit card spending at Synchrony Financial during the third quarter,…

3 weeks ago

American Dream Of Homeownership Slips Further Away As Construction Falls

American homebuilders broke ground on fewer houses in September as surging mortgage rates and construction costs delivered another setback to…

3 weeks ago

More Americans Turning To Skyrocketing Car Loan Payments Just To Afford Vehicle

More than one in five Americans financing new cars are now committing to monthly payments of at least $1,000, a…

3 weeks ago