Author: Press Room

The latest crop of young adults in the U.S. is leaning more on credit than the generation before, and experts expect the problem to get worse before it gets better as elevated inflation continues to rage. A new report from TransUnion released Wednesday shows Gen Z adults, ages 22 to 24, are opening up more credit cards, racking up more debt and have a higher rate of delinquencies than their millennial counterparts did at the same age range a decade ago. The report, “Solving for Gen Z,” found 84% of credit-active consumers between 22 and 24 years old held one…

A rare solar storm illuminated the evening skies on Friday, with neon rays of magenta, green and blue beaming across much of the northern hemisphere.Skywatchers gathered to witness and snap photos of the aurora borealis, typically only visible in high north latitudes. This time, however, it stretched as far south as Louisiana due to the supercharge of some intense sun eruptions.On Thursday, the National Oceanic and Atmospheric Administration issued its first severe geomagnetic storm warning since 2005, serving as a heads-up about Friday’s skylight show.Here is what the aurora looked like around the world:Liverpool, EnglandEdinburghFinlandViennaSloveniaGermanyAustriaCanadaOregonSan FranciscoSan Rafael, California Read the…

Donald Trump on Saturday made it clear that former Republican presidential candidate Nikki Haley is not on his running mate shortlist, quieting rumors that his campaign had been considering her as an option.”Nikki Haley is not under consideration for the V.P. slot, but I wish her well!” the presumptive GOP presidential nominee wrote in a Truth Social post, signing the message “DJT.”The comment came several hours after Axios reported that Haley was in the Trump campaign’s vice president conversation, citing two anonymous sources. Several media reports later echoed the rumors.The political calculus behind a Trump-Haley ticket is plain to see.Haley’s…

McDonald’s and other fast food chains are charging more. So much so that you may want to consider going for a slightly slower burger. Or at least, that’s what Applebee’s wants you to think about. “You can get our burger for $9.99,” John Peyton, CEO of Applebee’s parent company Dine Brands, told CNN in an interview. With that in mind, “why would you take a $10 burger … that you can eat in a bag out of your car?” If Peyton’s sales pitch resonates with customers, it could help convince diners to eat at sit-down restaurants, something they might otherwise…

Last updated: May 11, 2024 13:21 EDT | 3 min read  Solana (SOL/USD) is trading at $145.88, experiencing a minor decline of 1.50% in the last 24 hours. Amidst this fluctuation, CEO Anatoly Yakovenko shared a bullish outlook for Solana‘s role in the Web3 space at the Solana Crossroads 2024 conference.With the upcoming release of Firedancer, Solana’s new client, the network aims to enhance its transaction capabilities and efficiency significantly. This advancement could potentially elevate Solana’s market position, influencing the Solana price prediction as it prepares to lead in the Web3 era.Solana’s Future After Firedancer: Anatoly Yakovenko Reveals Vision at…

Sam Bankman-Fried came up with a list of bad ideas after FTX’s bankruptcyOne of them was going on Tucker Carlson’s show and taking an anti-woke heel turn.The list was included in prosecutors’ sentencing submission, asking for 50 years in prison. Thanks for signing up! Access your favorite topics in a personalized feed while you’re on the go. download the app After FTX declared bankruptcy, in November 2022, its founder and former CEO came up with a list of terrible ideas.In a Google Document, which was prefaced “random probably bad ideas” and labeled confidential, Sam Bankman-Fried listed ways in which he…

Elon Musk admitted to using two different alternate accounts on X.The billionaire said he’d briefly used one account where he role-played as a child as a “test account.”Musk made the comments during a deposition for a lawsuit involving one of his posts on X. Thanks for signing up! Access your favorite topics in a personalized feed while you’re on the go. download the app Elon Musk admitted to using two secret alternate accounts on X.In a deposition for a lawsuit against the billionaire, Musk clarified he’d used some accounts on the social media site outside of his main public account.During the…

Baytex Energy (NYSE:BTE) posted a slight loss for the first quarter due to some non-cash issues. However, cash flow grew at a healthy pace. While an investor might have expected a better earnings response from an Eagle Ford acquisition, it’s clear that management has set out to improve the situation. In listening to the conference call this morning, goals were set, and operational improvements are an important agenda item. In the meantime, it’s not that unusual for a fair number of one-time acquisition items to obscure the benefits of an acquisition for about a year or so. The benefits of…

Stay informed with free updatesSimply sign up to the Climate change myFT Digest — delivered directly to your inbox.The US and China said they would “intensify” their co-operation on replacing coal with clean power as top diplomats from the world’s two largest polluters met in Washington this week.The signs of co-operation follow the first substantial meeting between US climate envoy John Podesta and his Chinese counterpart Liu Zhenmin, following the retirement of their respective predecessors, John Kerry and Xie Zhenhua.A US state department readout of the talks said Washington and Beijing had agreed to engage in “technical” exchanges across climate-related…

One of Donald Trump’s closest White House aides wrapped up her testimony Friday in the former president’s hush money trial, clearing the way for the prosecution’s key witness to take the stand on Monday. Michael Cohen, Trump’s former fixer and lawyer, is expected to testify Monday, according to a person familiar with the case, where he will speak to the hush money agreement he helped negotiate in 2016 with Stormy Daniels and how Trump repaid him the following year. Cohen’s testimony is the lynchpin to prosecutors’ charges that Trump illegally falsified business records by concealing the reimbursement of Cohen to…