Finance
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Trump-backed World Liberty Financial tokens hit all-time low on reports of insider loans
WLFI, the native token of the Donald Trump-backed crypto platform World Liberty Financial, cratered to an all-time low on Friday as investors digested news reports that the company had lent out tokens on a platform tied to one of its executives. As of mid-day, WLFI was trading at $0.08, a roughly 82% drop from its
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Prediction markets have made betting easier than ever—and young men are paying the price
Nevin Burmeister first downloaded Kalshi on July 8, just two days after his 18th birthday. In his home state of Indiana, the minimum age for sports betting is 21. But Burmeister could legally wager on sports on Kalshi starting at 18. He is one of millions of people taking part in the recent craze for
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Inflation goes up by a whopping monthly rate of nearly 1%—and it’s hitting you at the grocery store and gas station
Can’t live without your morning cup (or cups) of coffee? Better taper down that caffeine addiction: it’s costing you a lot more to get your daily cup of joe. Inflation surged nearly a full percent in a month, according to the latest Consumer Price Index released today by the Bureau of Labor Statistics. Most of
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Trump’s gift to China: a booming market for cheap, state-of-the-art EVs amid the Iran War
China’s exports of passenger cars accelerated in March, an industry association said Friday, as Chinese automakers stepped up their push to grow overseas markets. Passenger car exports jumped 82.4% year-on-year last month to around 748,000 vehicles, according to the China Association of Automobile Manufacturers, up from the 586,000 vehicles exported in February. Exports of new energy
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‘Downward mobility is incredibly radicalizing’: The college bargain is broken. What comes next could reshape America
The warning signs were there two decades ago—long before ChatGPT, long before anyone worried about a robot taking their job. Around 2005, something quietly shifted in the American labor market. College degrees kept multiplying. Good jobs did not. “This is a generation of people that was really given the hardest sell of any generation in
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Current price of oil as of April 10, 2026
At 9 a.m. Eastern Time today, oil was priced at $97.78 per barrel with Brent serving as the benchmark (we’ll explain different benchmarks later in this article). That’s a gain of $4.02 compared with yesterday morning and around $31 higher than the price one year ago. Oil price per barrel % Change Price of oil
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The next generation of senators has a ticking time bomb in its lap: Social Security’s impending insolvency and no plan for the national debt
The Committee for a Responsible Federal Budget (CRFB) has a ticker on its website: The Retirement Trust Fund Countdown. At the time of writing, it stands at six years, seven months, five days, seven hours, 28 minutes, and eleven seconds. This, the CRFB says, is when the Social Security program’s funds will be exhausted, and
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The job market is so bad, workers now think they have worse odds of finding a role than during the pandemic
Job prospects during the pandemic were grim. After all, companies shuttered their windows, business went online, and recessionary forces put most hiring on ice. Of course, most job hunters at the time felt as though the job market was frozen solid. But now, job hunters across the country actually feel worse than they did during
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‘Good for Russia, good for China, bad for America’: how the Iran war is reshaping global economies and power
The missiles may eventually stop for good. Oil tankers will once again pass through the Strait of Hormuz. But even if the tenuous two-week ceasefire gives way to a lasting end to hostilities, the world economy that emerges from the Iran War will bear little resemblance to the one that entered it. That is the
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‘We owe it to the next generation’ to get national debt under control, says think-tank boss, as U.S. borrowing hits $1.2 trillion in just six months
The Congressional Budget Office’s latest monthly budget says the U.S. government operated at a deficit of $1.17 trillion for the first six months of the fiscal year—from October 2025 to March 2026. While the deficit is smaller than the shortfall for the same period last year, thanks in part to President Trump’s tariff regime, the