The Slacker generation might have been slacking off when it came to planning for retirement: Gen X consistently ranks in surveys as the least-prepared group for when they stop earning.
Why it matters: The first members of Gen X were born in January 1965, which means they turn 59½ this month and can start withdrawing money from 401(k) and other retirement accounts without paying a penalty.
The world's second largest cruise ship, Royal Caribbean's Utopia of the Seas, sets sail next week from Port Canaveral, Florida with a focus on "weekend energy."
Why it matters: Royal Caribbean is betting on the short cruise trend with its newest ship that it has dubbed "the world's biggest weekend" and the "ultimate short getaway."
As we head into the thick of summertime in the workplace, all the simmering issues that make coordinating a remote workforce challenging are coming to a boil.
Why it matters: Summer is a flashpoint at the office.
Why it matters: Sellers never technically had to offer compensation to the buyer's agent — and that number has technically always been negotiable — but it's certainly status quo.
Around 24.2 million people watched President Biden's press conference during the NATO Summit Thursday, nearly half the number (51.3 million) that tuned into his disastrous debate performance two weeks prior.
Why it matters: Like the debate, the vast majority (19.1 million) of speech viewers that tuned in on live TV were over 55 years old, according to figures from Nielsen.
Hackers seized access to several months of AT&T call logs in a sweeping cybersecurity breach via Snowflake, a third-party cloud computing platform, Axios has learned.
Why it matters: The cybersecurity attack affects nearly all AT&T cellphone users, according to the telecommunications giant.
The Fed hasn't raised interest rates since last summer. But policy continues to get tighter — even if only slightly. That's putting a harder brake on the economy than some Fed rate-setters might desire.
Why it matters: The quiet tightening provides a case for cutting rates sooner, even if the latest inflation report is not enough to convince central bank leaders that inflation is returning to target.
Nvidia's AI chips may be flying off the shelves, but they don't seem likely to pay for themselves in the form of higher corporate revenues any time soon.
Why it matters: The U.S. stock market continues to hit new highs, driven in large part by optimism surrounding the coming AI revolution.
The big picture: Consumer prices are no longer rising at a rapid pace — in some cases, costs are falling — a milestone for the economy that has been plagued by high inflation for years.
A house on the New England island of Nantucket that was valued at $1.9 million but recently sold for $200,000 has brought U.S. coastal erosion concerns into focus.
Why it matters: Climate risks bring the "potential for widespread property value declines in coastal areas" and "constitutes a major economic threat," per Alice Hill, an expert on energy and the environment at the nonprofit Council on Foreign Relations.
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