In a room filled with determined voices, Rep. Ayanna Pressley asked a tough question: Why are Black women, who are among the most active in the job market, facing rising unemployment? The gathering in Boston brought together experts to explore this issue, revealing how the challenges faced by Black women might signal broader economic troubles. Between August and Sep...
Alaska's Permanent Fund Dividend (PFD) has been a lifeline for many families, but recent years have seen it shrink to an all-time low of $1, 000. This has left many Alaskans struggling to make ends meet. The main issue? Oil prices have dropped, and the state's budget relies heavily on them. But there's a way to fix this. The Permanent Fund was meant to be a safety n...
The Trump family's financial portfolio has taken a serious hit, losing about $1 billion in recent months. This drop is largely due to the declining value of cryptocurrencies, which the family has heavily invested in. According to Bloomberg News, their net worth has gone from $7. 7 billion to $6. 7 billion since September. One of the biggest losses came from Trump Me...
Blue Owl Capital is thinking about bringing back a plan to combine two of its private credit funds. This comes after they had to stop a similar plan last week because investors weren't happy. The main reason for the merge is to give shareholders a way out and cut costs. But, it's not a done deal yet. The idea is to merge the larger fund, OBDC, with Blue Owl Capital ...
Minnesota's economy is facing some tough times. Business leaders and lawmakers recently gathered to discuss these issues and find solutions. The state's economy is not growing as fast as it used to. It's falling behind in areas like technology, innovation, and attracting talent. One big problem is the slowing GDP growth. Minnesota used to be a leader, but now it's l...
The Trump administration has big plans for offshore drilling. They want to open up areas along the coasts of California, Florida, and Alaska for oil and gas exploration. This move is part of a larger push to boost U. S. energy production and jobs. But not everyone is on board. California and Florida, both heavily reliant on tourism and clean beaches, are strongly op...
In 2025, the world of fintech took a thrilling turn with the rise of Polymarket, a crypto-based platform that lets people bet on all sorts of events. But it's not all fun and games. This platform is walking a fine line between innovation and gambling, and regulators are watching closely. Polymarket started in 2020, allowing users to bet on political, cultural, and e...
Bitcoin has hit a rough patch, dropping to its lowest point in seven months. It's now hovering just above the $80, 553 mark, a level that has some experts worried about even bigger losses ahead. This isn't just a one-day dip; Bitcoin has lost 12% of its value this week alone. Earlier this year, it was soaring to new heights, reaching a record high above $120, 000 in ...
Cyclone Fina, a powerful category three storm, has left its mark on Darwin, the capital of Australia's Northern Territory. With wind gusts reaching up to 205 kilometers per hour, the cyclone brought strong winds and heavy rain to the city. Residents were reminded of the devastating Cyclone Tracy, which struck Darwin on Christmas Day in 1974, causing widespread destru...
Americans are still feeling the heat when it comes to prices. Despite promises from both sides of the political aisle, the cost of living remains a major concern. The latest data shows that while inflation has cooled down, many everyday items are still more expensive than they were a few years ago. Take food, for example. Beef prices have jumped by nearly 15%, banan...