Short sellers are ramping up bets against US stocks even as paper losses on the positions surpass $100 billion. Total US short interest, or the amount traders have spent betting against US equities, exceeded $1 trillion this month as the S&P 500 Index extended its advance, S3 Partners LLC data show. The tally reached the … Read more
Unlike their parents and grandparents, Gen Zs are less likely to view travel as a discretionary expense. Getty Image Gen Zs aren’t easing into the travel market — they are exploding into it. Despite their youth and comparatively low income, more than half of American Gen Z adults are frequent travelers, having taken three or … Read more
The world’s reserve currency may be about to go digital, potentially transforming the way Americans move and use their money. On Wednesday, the White House directed federal agencies from the Treasury to the Commerce Department to research a number of crypto-related topics, including the pros and cons of a digital dollar. For consumers, the move … Read more