Teenagers have more spending power than ever before, and the ability to easily purchase what they want with just a few taps on their phones.An estimated 42 percent of U.S. teens use TikTok Shop, 39 percent rely on credit or debit cards, and 33 percent lean on mobile payments like CashApp and Apple Pay to make personal purchases, according to 2025 data. And increasingly, teens have a say in big family purchases like cars, vacations, and college tuition, say experts. But that doesn’t mean they’re prepared to spend, or save, wisely.Recent research bears this out. A 2025 survey conducted by…
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UBS upgraded its rating for US stocks to “attractive” from “neutral” on Friday, brightening its view of the market even as trade war jitters persist. The bank highlighted three reasons why now is a good time for investors to buy stocks, even amid the ongoinge trade war and volatility.The S&P 500 has made multiple intraday moves of nearly 10% this week, both to the upside and downside, and that heightened volatility is ultimately an opportunity for long-term investors.”While downside risks do remain, we believe the risk of a more severe economic downturn is now more limited,” Ulrike Hoffman-Burchardi, CIO of…
You might’ve heard of the law of induced demand — but have you had it explained to you in a British accent? All kidding aside, the UK-based Global Cycling Network just put together one of the best video explainers we’ve seen on why countries are wasting billions of dollars on “junk roads” — and why we need to reduce motorists’ lane capacity and open up space for other ways of getting around if we want to solve some of society’s most pressing problems.The first 25 minutes are perfect for those who have never really questioned the idea that more asphalt is…
NEW YORK (AP) — The upheaval in stocks has been grabbing all the headlines, but there is a bigger problem looming in another corner of the financial markets that rarely gets headlines: Investors are dumping U.S. government bonds.Normally, investors rush into Treasurys at a whiff of economic chaos but now they are selling them as not even the lure of higher interest payments on the bonds is getting them to buy. The freak development has experts worried that big banks, funds and traders are losing faith in America as a good place to store their money.“The fear is the U.S.…
NEW YORK (AP) — The upheaval in stocks has been grabbing all the headlines, but there is a bigger problem… NEW YORK (AP) — The upheaval in stocks has been grabbing all the headlines, but there is a bigger problem looming in another corner of the financial markets that rarely gets headlines: Investors are dumping U.S. government bonds. Normally, investors rush into Treasurys at a whiff of economic chaos but now they are selling them as not even the lure of higher interest payments on the bonds is getting them to buy. The freak development has experts worried that big…
A recent breach of Berkshire Hathaway-owned private jet company NetJets has revealed a guide for flight attendants serving Elon Musk, per a Bloomberg report. The memo offers an interesting glimpse into the personal preferences of the world’s richest man. Some of the preferences are surprising for the CEO of Tesla, a company dedicated to sustainability. Apparently Musk isn’t “interested in conserving fuel” because he “wants to fly as quickly and as direct” as possible. Other inclinations are not surprising at all, like the note to staff not to offer him technical help. “Mr. Musk considers himself self-sufficient and does not…
The bond market sell-off escalated Friday to cap off one of the most volatile and unusual trading weeks in recent memory as President Trump’s tariff whipsaw sent yields surging and stocks plummeting. Long-term Treasury yields ripped higher, with the 10-year yield (^TNX) surging to its highest level since February to trade at around 4.53%, a massive 66 basis point swing from Monday’s low of 3.87%. According to data compiled by Yahoo Finance, the 10-year has logged its biggest week since November 2021. Similarly, the 30-year yield (^TYX) jumped 7 basis points to trade near 4.92% — the highest level since…
Credit: (AP Photo/Charles Krupa)File photo A year after New Jersey launched a long-awaited retirement savings option for private-sector workers, lawmakers want to make more residents eligible to participate. Branded RetireReady NJ, the state-administered — but not state-funded — retirement savings plan was initially required to be made available to the employees of businesses with 25 or more workers who do not already have access to retirement savings options provided by their employers. Lawmakers now want to modify the rules governing RetireReady NJ to require the owners of smaller businesses to provide their employees with a way to enroll in the…
U.S. President Donald Trump signed an executive order aimed at reviving the coal industry. This move comes as U.S. electricity demand rises for the first time in 20 years, driven by AI data centers, electric vehicles, and cryptocurrency mining. As per U.S. Energy Information Administration (EIA), coal once powered half the nation’s electricity, but today, it accounts for less than 20%. Cheaper natural gas from fracking and the growth of solar and wind have reduced coal use over time. DOE Unveils Five Steps to Support America’s Coal Following Trump’s executive order titled “Reinvigorating America’s Beautiful Clean Coal Industry,” Energy Secretary…
U.S. President Donald Trump signed an executive order aimed at reviving the coal industry. This move comes as U.S. electricity demand rises for the first time in 20 years, driven by AI data centers, electric vehicles, and cryptocurrency mining. As per U.S. Energy Information Administration (EIA), coal once powered half the nation’s electricity, but today, it accounts for less than 20%. Cheaper natural gas from fracking and the growth of solar and wind have reduced coal use over time. DOE Unveils Five Steps to Support America’s Coal Following Trump’s executive order titled “Reinvigorating America’s Beautiful Clean Coal Industry,” Energy Secretary…