Money & Personal Finance

Business Oct 9

Wall Street Landlords Cut Home Purchases as Mortgage Rates Near 7%

Institutional investors bought just 0.5% of U.S. homes in the first quarter of 2025, the lowest share on record, as borrowing costs push the smart money toward renting instead of owning.

2 min read

World Oct 9

Musk Accuses Ambani of Blocking Starlink India Launch as Jio and Airtel Control 80% of Market

Elon Musk publicly questioned whether Mukesh Ambani is "the real boss of India" as Starlink's commercial launch stalls over licensing terms, with Ambani's Jio and rival Airtel controlling roughly 80% of India's telecom market.

2 min read

Health Oct 9

Canned and Frozen Foods Cut Grocery Bills Without Sacrificing Nutrition, Dietitians Say

With grocery prices still squeezing household budgets, nutrition experts say shelf-stable and frozen staples can anchor a healthy diet — if shoppers watch sodium and added sugar.

2 min read

World Oct 9

10-Year Treasury Yield Retreats From 5.23% After Weak 30-Year Auction Draws Record Central Bank Demand

The 10-year Treasury yield fell more than 4 basis points to 5.229% on Friday, pulling back from its highest level since 2002, as traders digested a $22 billion 30-year bond auction and conflicting signals from the Fed and the White House.

2 min read

World Oct 9

NYC Officials Demand Federal Probe After ICE Agent Shoots Man in Brooklyn

Mayor Zohran Mamdani and NYPD officials briefed reporters after a federal immigration agent shot a man during an enforcement operation in Brooklyn, prompting demands for a full federal investigation.

2 min read

Entertainment Oct 9

AI-Generated Series 'Space Nation' and 'Kira' to Screen Pilot Episodes at Mipcom

Two fully AI-produced drama series will premiere their pilot episodes at the Mipcom content market in Cannes, marking a significant test of whether synthetic media can sell to international broadcasters.

2 min read

Technology Oct 9

SpaceX Buys 800 MHz Spectrum From Grain Management, Pressuring AT&T and Verizon Shares

SpaceX's purchase of Grain Management's 800 MHz spectrum portfolio escalates its push into mobile service and sent AT&T and Verizon shares lower as investors weigh the threat to incumbent carriers.

2 min read

Business Oct 9

PepsiCo CEO Tells Employees: Grow or Get Out

PepsiCo CEO Ramon Laguarta told employees that anything at the company not tied to growth will be cut, according to a message reported by MarketWatch.

2 min read

Politics Oct 9

Kalshi Traders Give 87% Odds Gas Stays Above $4 Through Election Day

Prediction market traders see an 87% chance the national average for gasoline stays above $4 per gallon on Election Day, with diesel near $6.28 and Democrats' Senate odds rising to 63%.

2 min read

World Oct 9

68-Year-Old Widow Gives Cash to Adult Children While Holding $310,000 IRA and Paid-Off Home

A 68-year-old widow supporting two adult children holds $310,000 in an IRA, $46,000 in savings, and a mortgage-free house, raising the question of whether her generosity threatens her own retirement security.

2 min read

World Oct 9

Chrysler Building Owner to Spend $235 Million Restoring Art Deco Crown

Tishman Speyer and its partners will invest $235 million in the Chrysler Building, including a restoration of its iconic crown and upgrades to the 61st-floor observation level.

2 min read

Technology Oct 8

Waymo Closes $5 Billion Loan From Blackstone, PIMCO to Expand Robotaxi Fleet

Waymo has secured a $5 billion loan from Blackstone, PIMCO and other major institutional lenders to fund the expansion of its driverless ride-hailing service.

2 min read

Politics Oct 8

Trump Discloses Up to $25 Million Meta Stock Purchase Among 517 August Trades

Trump reported 517 securities transactions in August worth as much as $273.3 million combined, led by a purchase of up to $25 million in Meta shares.

2 min read

Technology Oct 8

SpaceX Weighs $40 Billion Debt Raise to Buy Nvidia Chips for AI Push

SpaceX is reportedly considering raising $40 billion in debt to buy advanced Nvidia GPUs, a bet that would tie the rocket company's finances to the volatile AI hardware market.

2 min read

Business Oct 8

Fed Minutes Show Officials Backed September Rate Cut but Rejected Steady Series of Hikes

Federal Reserve officials supported September's rate cut as insurance against stubborn inflation but saw no case for a sustained hiking campaign, according to meeting minutes released Wednesday.

2 min read

Politics Oct 8

Cross-Border Shopping Siphons Far Less Tax Revenue Than Governments Fear, Study Finds

A new study finds that raising taxes on candy, soda and beer drives only modest cross-border shopping, meaning governments can pursue public health goals without hemorrhaging revenue.

2 min read

Business Oct 8

New York Fed Survey Finds Americans More Pessimistic About Their Finances as Gas Prices Climb

A growing share of U.S. households say they are worse off than a year ago and expect their finances to weaken further, according to the New York Fed, as gas prices jump nearly 4% in a month.

2 min read

Business Oct 7

Fed Survey Shows Consumers Expect 3.9% Inflation Over Next Year, Highest Since May 2023

The New York Fed's Survey of Consumer Expectations found median one-year inflation expectations jumped to 3.9% in September, while household spending growth projections hit their highest level in over a decade.

2 min read

Politics Oct 7

Man Persuades Parents to Sign Over Home and Life Savings for $3 Million Compound

A man convinced his parents to liquidate their home and retirement savings to purchase a $3 million multi-property compound, with both deeds placed solely in his name.

2 min read