Gen Z: Future Saving Feels 'Pointless' Amid Economic Strains, New Survey Finds Gen Z: Future Saving Feels 'Pointless' Amid Economic Strains, New Survey Finds
Gen Z: Future Saving Feels 'Pointless' Amid Economic Strains, New Survey Finds Nearly half of Gen Z says saving money for the future seems meaningless, with many choosing to spend now and worry later, even as financial stress rises. A new survey from Intuit Credit Karma found that 49% of Gen Z say planning for the future feels pointless, and many would rather enjoy their money now than worry about saving. Despite rising costs and economic uncertainty, 37% of Gen Z plan to spend more in the summer on dining, travel, and entertainment than in past years. About 48% say they will prioritize experiences over saving, even if it means adding financial strain. "The…
Chipotle Launches First New Dip In Five Years: See The Spicy, Smoky Flavor Chipotle Launches First New Dip In Five Years: See The Spicy, Smoky Flavor
Chipotle Launches First New Dip In Five Years: See The Spicy, Smoky Flavor Chipotle is cranking up the flavor for the summer with its first new dip in five years. The restaurant chain will soon start offering Adobo Ranch, the company announced on Monday, June 9. The smoky and spicy dip will be available across North America on Tuesday, June 17. Adobo Ranch marks Chipotle's first new dip since the launch of Queso Blanco in 2020. Made fresh in-house with adobo pepper, sour cream, and a signature blend of herbs and spices, the dip aims to bring an extra kick to burritos, bowls, salads, tacos, and quesadillas. Rewards members can get a free side of Adobo Ranch o…
Major Household Product Maker With MA Plants Cutting 7,000 Jobs As Trump Tariffs Roil Economy Major Household Product Maker With MA Plants Cutting 7,000 Jobs As Trump Tariffs Roil Economy
Major Household Product Maker With MA Plants Cutting 7,000 Jobs As Trump Tariffs Roil Economy Procter & Gamble, which operates eight plants across the Northeast, plans to cut up to 7,000 jobs over the next two years as President Donald Trump's trade policies shake businesses and consumer confidence, according to reports. Andre Schulten, P&G's chief financial officer, announced the layoffs during the Deutsche Bank Consumer Conference in Paris on Thursday, June 5. The cuts amount to about 6% of the company's global workforce and roughly 15% of its non-manufacturing positions, the Associated Press reported. P&G had about 108,000 employees worldwide as of June…
New Jobless Claims Climb To Eight-Month High Amid Trump Tariff Fallout New Jobless Claims Climb To Eight-Month High Amid Trump Tariff Fallout
New Jobless Claims Climb To Eight-Month High Amid Trump Tariff Fallout Unemployment claims rose to their highest level in eight months, with more workers across the Northeast filing for benefits as President Donald Trump's tariffs fuel economic uncertainty. The number of new application filings for unemployment benefits jumped to 247,000 in the week ending Saturday, May 31, according to Labor Department data released on Thursday, June 5. That's the largest number of new claims since early October 2024 and above the 237,000 forecasted by analysts, the Associated Press reported. Initial claims increased by 8,000 from the week ending Saturday, May 24. The fo…
Private Job Growth Hits Two-Year Low Amid Trump Tariffs: 'Hiring Is Losing Momentum' Private Job Growth Hits Two-Year Low Amid Trump Tariffs: 'Hiring Is Losing Momentum'
Private Job Growth Hits Two-Year Low Amid Trump Tariffs: 'Hiring Is Losing Momentum' Private hiring sharply declined to its slowest pace in more than two years as President Donald Trump's sweeping tariffs have shaken the economy throughout 2025. Businesses added just 37,000 jobs in May, according to the ADP National Employment Report released on Wednesday, June 4. That was the lowest level since March 2023, falling below April's downwardly revised figure of 60,000. The disappointing job total missed the Dow Jones forecast of 110,000, CNBC reported. "After a strong start to the year, hiring is losing momentum," ADP chief economist Dr. Nela Richardson said. "Pay growth, howe…
Americans Eating At Home Most Since 2020 Amid Trump Trade Wars, Campbell's Says Americans Eating At Home Most Since 2020 Amid Trump Trade Wars, Campbell's Says
Americans Eating At Home Most Since 2020 Amid Trump Trade Wars, Campbell's Says Americans are cooking and eating at home in the largest numbers since the start of the COVID-19 pandemic amid President Donald Trump's sweeping tariffs, according to the head of a major food company. Campbell's president and CEO Mick Beekhuizen made the comments in a news release announcing the company's quarterly earnings on Monday, June 2. The company with a huge brand portfolio, including Pepperidge Farms, Rao's, and Cape Cod Potato Chips, reported a 4% increase in net sales. Beekhuizen's comments come as economic pressure mounts for many Americans due to Trump's global trade wars. "Con…
Trump's Tariffs Temporarily Reinstated After Appeals Court Blocks Two Rulings Trump's Tariffs Temporarily Reinstated After Appeals Court Blocks Two Rulings
Trump's Tariffs Temporarily Reinstated After Appeals Court Blocks Two Rulings The Trump administration can temporarily continue collecting tariffs after an appeals court lifted a lower court's block on the President's sweeping duties that have shaken global markets. The US Court of Appeals for the Federal Circuit paused the ruling by the US Court of International Trade on Thursday, May 29. The trade court had struck down most of President Donald Trump's global tariffs, saying he had improperly used the International Emergency Economic Powers Act to impose the duties. The dozen states and five small businesses who sued to block Trump's tariffs have unti…
Federal Court Strikes Down Trump's Global Tariffs, Citing Abuse Of Emergency Powers Law Federal Court Strikes Down Trump's Global Tariffs, Citing Abuse Of Emergency Powers Law
Federal Court Strikes Down Trump's Global Tariffs, Citing Abuse Of Emergency Powers Law A federal court has blocked President Donald Trump's sweeping tariffs, ruling that he improperly used emergency powers to launch trade wars that badly hurt businesses and rocked global markets. The ruling was handed down by a three-judge panel at the US Court of International Trade on Wednesday, May 28. The judges' decision came amid several lawsuits accusing Trump of abusing his power as President to slap arbitrary tariffs on other countries. The court determined that Trump doesn't have the authority to use the International Emergency Economic Powers Act to impose the sweeping duties …
'Trump Always Chickens Out': Hear His Response To Wall Street's 'TACO' Trade Strategy 'Trump Always Chickens Out': Hear His Response To Wall Street's 'TACO' Trade Strategy
'Trump Always Chickens Out': Hear His Response To Wall Street's 'Taco' Trade Strategy Economists say Wall Street just experienced a "TACO" Tuesday, but it had nothing to do with tortillas or salsa. Traders and other stock market watchers have been discussing what's called the "TACO" trade strategy. TACO is an acronym that stands for "Trump Always Chickens Out," a reference to President Donald Trump's constantly changing tariff threats and retreats. Financial Times columnist Robert Armstrong has been widely credited with creating the TACO nickname earlier in May. "The recent rally has a lot to do with markets realising that the US administration does not have a very hig…
Major Job Cuts Coming At Walmart: 1,500 Corporate Roles Slashed Major Job Cuts Coming At Walmart: 1,500 Corporate Roles Slashed
Major Job Cuts Coming At Walmart: 1,500 Corporate Roles Slashed Walmart is set to cut about 1,500 corporate jobs across the United States as part of a strategic restructuring effort, according to a new report. The move is aimed at reducing expenses and streamlining decision-making processes, The Wall Street Journal says. The decision, which was announced last week, is not tied to President Donald Trump's tariff policies, a Walmart spokesperson told the outlet. The layoffs will primarily affect teams within global technology operations, US e-commerce fulfillment, and the Walmart Connect division. Earlier report - Walmart Raising Prices Due To Tr…
Trump Reignites Trade War With EU, Threatens Apple With iPhone Tariffs Trump Reignites Trade War With EU, Threatens Apple With iPhone Tariffs
Trump Reignites Trade War With EU, Threatens Apple With iPhone Tariffs President Donald Trump issued new tariff threats against the European Union and Apple, relaunching trade feuds that have shaken the US economy throughout 2025. Trump threatened the EU with a 50% tariff in a post on his social media platform Truth Social on Friday, May 23. He claimed the higher duties would go into effect on Sunday, June 1. The President accused the EU of being "difficult to deal with" in trade negotiations. "Our discussions with them are going nowhere!" Trump posted. "Therefore, I am recommending a straight 50% Tariff on the European Union, starting on June 1, 2025. There …
Home Sales Suffer Slowest April Since 2009 Amid Trump Tariffs, Rising Mortgage Rates Home Sales Suffer Slowest April Since 2009 Amid Trump Tariffs, Rising Mortgage Rates
Home Sales Suffer Slowest April Since 2009 Amid Trump Tariffs, Rising Mortgage Rates Home sales fell for the second straight month in April, dropping to their slowest pace for the month since the global financial crisis more than 15 years ago. Existing-home sales slipped 0.5% from March to a seasonally adjusted annual rate of four million homes, the National Association of REALTORS (NAR) said on Thursday, May 22. The median price for an existing home rose to $414,000, setting a new April record and marking the 22nd straight month of annual price increases. Sales hit their slowest April pace since 2009, CNBC reported. They were down 2.0% from April 2024, despite ho…