A large portion of Americans who do not own a home may be giving up on trying, according to data gathered by The Wall Street Journal. Among all homeowners, the share of first-time buyers is at a record low.
Category: 20 May 2025
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APRIL INFLATION PACE WAS THE SLOWEST IN FOUR YEARS
Last month, the U.S. inflation rate slipped from 2.4 percent to 2.3, its slowest since early 2021 and its third consecutive month of decline, the labor department reported last week.
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CONSUMERS’ OUTLOOK FALLS TO SECOND-LOWEST IN SURVEY’S HISTORY
Consumers’ gloom deepened for a fifth consecutive month in the University of Michigan’s preliminary May survey of households’ financial outlook.
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GOING OUT OF BUSINESS TRENDS
The economic landscape has presented an array of challenges that will profoundly affect the business community this year.
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WHEN THE ECONOMY FALLS, JOBS GO WITH IT
Federal job cuts continue under Elon Musk and the Department of Government Efficiency with the Federal Reserve planning to cut 10 percent of its workforce (approximately 2,000 people) over the next few years through a voluntary deferred resignation program.
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TECHNOCRACY BRIEFS: ROBOT BOOM, HUMAN BUST
Elon Musk told a Saudi official that humanoid robots are set to be more numerous than cars—or humans—in the not-too-distant future.
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TRUMP’S EPA LOOKS TO RECONSIDER LIMITS ON 4 ‘FOREVER CHEMICALS’
The Environmental Protection Agency announced last week that it will reconsider Biden-era drinking water standards on four types of “forever chemicals,” and postpone the compliance deadline for two chemicals, including one known to cause cancer in humans.
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NEW METHOD RECOVERS 99 PERCENT OF LITHIUM FROM USED EV BATTERIES
Electric vehicle (EV) batteries are voracious users of a range of increasingly rare and costly minerals.
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TRUMP BUMP: HEALTHCARE COMPANY SEES STOCK JUMP 250 PERCENT AFTER MERGING WITH PRESIDENT’S CRYPTO ADVISOR’S BTC INVESTMENT FIRM
KindlyMD, a healthcare company best known for helping people fight opioid addiction, watched its stock jump by 250 percent last week after it announced that it will merge with a bitcoin investment firm owned by David Bailey, U.S. President Donald Trump’s crypto advisor, according to CNBC.
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NEW REACTOR DESIGN RETHINKS FUSION ENERGY PRODUCTION
The quest to generate cheap, clean, limitless power by fusing hydrogen atoms together has been underway since the end of World War Two. For 80 years, it has always been “just one breakthrough away.”