We may be looking at the housing affordability crisis all wrong. Higher earners are driving home prices, not lack of supply, researchers say
Economists, lawmakers, and Wall Street have long preached the need to increase housing supply to improve affordability, but it may not be that straightforward.“However, there is almost no connection between…
No, judge tells Trump. You can’t cripple $16 billion in funding for New York City and New Jersey
A federal judge ordered the Trump administration to restore funding to a new rail tunnel between New York and New Jersey on Friday, ruling just as construction was set to…
Elon Musk warns the U.S. is ‘1,000% going to go bankrupt’ unless AI and robotics save the economy from crushing debt
Musk replied that he was concerned about waste and fraud. That’s despite reports that many across-the-board staffing cuts included critical employees who had to be hired back.“In the absence of…
Before Kevin Warsh has even taken over as Fed chair, Trump is joking about suing him. Scott Bessent is fine with that
But Sen. Elizabeth Warren, D-Mass., the ranking member of the Senate Banking Committee, pressed Bessent on Trump’s remarks during a committee hearing on Wednesday, which come after the unprecedented attacks…
AI can make anyone rich: Mark Cuban says it could turn ‘just one dude in a basement’ into a trillionaire
“There’s always something bigger and better that’s created by an innovative entrepreneur,” Cuban said. “But AI just dwarfs all that.”Cuban appears to firmly believe in the power of AI, and…
Bitcoin whales and ETFs are bailing out of the market; UBS warns: ‘Crypto is not an asset’
The reason Bitcoin is in decline? The whales are selling up, according to Jefferies analyst Andrew Moss. “Large BTC holders are selling into weakness,” he told clients in a note…
NBA star Giannis Antetokounmpo gets in bed with sports gambling as a Kalshi shareholder
Milwaukee Bucks star Giannis Antetokounmpo has become a shareholder in Kalshi, a major prediction market with a wide array of sports trading opportunities.Antetokounmpo announced the partnership Friday.Kalshi said Antetokounmpo is…
Ilhan Omar’s husband is rich. The Republican oversight chairman is investigating why
Comer’s request marked a highly unusual move by the chair of a committee with a history of taking on politically-charged investigations, but almost always focused on government officials outside of…
Anthropic cofounder says studying the humanities will be ‘more important than ever’ and reveals what the AI company looks for when hiring
Daniela Amodei, who cofounded Anthropic with her brother Dario, said uniquely human qualities will actually be more critical in the age of AI, not less.“I continue to believe that humans…
Netflix dominates streaming. No wonder it’s trying to redefine the market
As Chairman Mike Lee put it, Netflix could become “the one platform to rule them all” if the merger is allowed to happen. This outcome would harm both consumers of…
