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The national debt’s 20-year deadline and baby boomers’ spending problem: ‘a lot of incentive for every generation to try to pass a big bill’
Top economist Kent Smetters thinks the U.S. is on a 20‑year clock—and the tilt of the federal budget toward baby boomers is at the center of the story.In a new analysis and in an interview with Fortune, the Penn Wharton Budget Model (PWBM) faculty director sketches an outer limit for U.S. federal debt and a political economy that heavily favors…
Edward Jones advisor: Gen-Z doesn’t want an office happy hour. They want financial security
They’ve weathered market volatility, a pandemic and rising living costs — and fixed expenses often hit before their first paycheck even settles. As a financial advisor, I’ve never seen a generation so eager to build a future, yet so unsure whether that future is attainable.This generation craves a future worth preparing for, and employers have a unique opportunity to provide…
Nobel Laureate Daron Acemoglu on the ‘brainless’ AI discourse, the myth of capitalism and the Gen Z revolution risk
And when asked how much of the current AI discourse he finds intellectually serious, he doesn’t hesitate: about 20%.“I find all of this discussion of capitalism so brainless,” Acemoglu told Fortune, insisting that we should be focused on the “enormous increase” in corporate power and monopoly instead. “That’s what we should be talking about. What we should be talking about…
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Nvidia’s Stock Soars After Record Earnings and AI Chip Demand Surge
The tech world is abuzz after chipmaker Nvidia (NVDA) released a stellar…
India Revs Up EV Industry: New Policy to Attract Investment
Buckle up, India! The Indian government has shifted into high gear with…
UBS Recommends European Stocks Over US: A Shift in Investment Strategy
In a surprising shift, investment banking giant UBS urges investors to focus…
US Stock Market Watch: Earnings Season Spotlight on Walmart and Market Trends
It's a pivotal week for the US stock market as earnings season…
Chinese EV Makers Brace for Impact: Potential US Tariffs Shake Industry
Chinese electric vehicle (EV) makers feel the shockwaves of a potential US…
Understanding the Recent Turbulence in the Indian Stock Market: Causes and Strategies
The Indian stock market has witnessed a period of turbulence, with the…
Namdev Finvest Secures $15 Million in Series B Funding for Expansion Plans
Jaipur-based non-banking financial company (NBFC) Namdev Finvest has secured a fresh infusion…
AWS Invests $9 Billion in Singapore: Boosting Cloud Infrastructure and AI Development
Amazon Web Services (AWS), the company's cloud computing behemoth, has announced a…
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Dollar Nears Worst Annual Performance Since 2020 Amidst Fed Rate Cut Expectations
The US dollar is on track for its most challenging year since the onset of the pandemic in 2020, as Wall Street anticipates a reduction in interest rates by the…
