Category: Finance

Gambling has exploded in the United States. American casinos and sportsbooks earned US$79 billion in 2025, up nearly 20% from the $66.5 billion just two years earlier. That doesn’t include the enormous sums earned by prediction market companies, which are technically not considered gambling but instead help forecast future events. Regrettably, but not unexpectedly, the […]

Diesel fuel powers long-distance trucks, freight locomotives, boats and barges, farm machinery, construction and mining equipment, and backup generators. Its concentrated energy powers efficient engines that can haul heavy loads and refuel machines quickly. Those are all excellent attributes for long periods of heavy work on the move or in locations not connected to the […]

Workers in sales might roll their eyes when they deal with a micromanaging boss. But many customers actually appreciate it if a store manager offers to help when they’re mulling over a purchase, whether it’s a dishwasher, a tablet or a lawnmower. That’s the main finding of a new study I co-authored. As a scholar […]

More than six years after the COVID-19 pandemic began, over 1 in 5 of the U.S. workers who can work remotely do so either full time or at least one day per week. Even though a new normal has set in, no single approach has worked for all employees. And the debate over the benefits […]

President Donald Trump has generally tried to justify his tariffs by asserting that they can help narrow the trade deficits the U.S. runs with most of the world. That argument is based on the fact that nearly all countries sell Americans more than they buy from the United States. But the case of Brazil is […]

From mortgages to auto loans to credit cards, borrowing is set to get even pricier. But the Federal Reserve’s decision on Sept. 16, 2026, to hike its baseline interest rate also highlighted an increasingly confounding dilemma: It can raise the price of money across the economy, but it can’t determine which sectors are most affected. […]

In January 2026, President Donald Trump told an audience of business and political leaders in Davos, Switzerland, that the United States needed the “right, title and ownership” to Greenland “because you need the ownership to defend it. You can’t defend it on a lease.” A territory of roughly 57,000 people appears to the president as […]

College students are facing one of the most precarious labor markets in years. A recent New York Federal Reserve study pointed to a sharp increase in the post-college unemployed compared with other workers, with explanations ranging from artificial intelligence job displacement to a broader slowdown in hiring. One response has been a boom in trade-school […]

The phone rings, and it’s your grandson’s shaken voice. There’s been an accident, he says, and he needs money before anyone finds out. Except it isn’t him. It’s software that learned his voice from a clip posted online, run by a stranger working through a list of phone numbers. For years, warnings about artificial intelligence […]

A string of major disasters in 2026 have had devastating consequences. Earthquakes in Venezuela and Colombia and floods and mudslides in Nepal have killed tens of thousands of people and injured many more. Countless people remain missing and hundreds of thousands of homes are damaged, with some entire neighborhoods destroyed. The responses have been global. […]