This US oil titan is slashing up to 25% of its workforce — a stunning move impacting thousands of jobs. So what happened to ‘drill baby drill’?
“Drill baby drill!” proved a popular rallying cry for Donald Trump during the 2024 presidential election. But with a slowdown in both oil production and demand this year — a slump projected to extend into 2026 — a more accurate phrasing might be “Drill baby? Drill?” The layoffs announced by ConocoPhillips, the nation’s third-largest oil […]
American households’ median income rose by a paltry $1,040 in 2024 — but will 2025 deliver the kind of bump families can actually feel?
American households did get a raise last year — just not the kind they’d collectively brag about. The U.S. Census Bureau says median household income ticked up from $82,690 in 2023 to $83,730 in 2024, an increase of a little over $1,000. This amount kept pace with inflation, experts say, though it hardly feels that […]
Federal cuts to SNAP mean 2.4 million Americans will now go without food assistance — and millions more will see it shrink. How to lower grocery costs
Thanks to President Trump’s One Big Beautiful Bill, cuts to the federal Supplemental Nutrition Assistance Program (SNAP), formerly known as the Food Stamp Program, have now gone into effect. With these cuts, an estimated 2.4 million Americans in an average month will lose their food stamp benefits, according to the Congressional Budget Office [1]. Must […]
11,000 Canadians hit millionaire status in 2024 — here’s how you can copy their investing strategies
Canada is seeing a millionaire boom. In 2024, 11,000 Canadians joined the millionaire club, a 2.4% increase from 2023, according to the Capgemini World Wealth Report 2025. That growth was fuelled by an 18.5% surge in the S&P/TSX Composite Index, its best performance since 2021. But it wasn’t just stocks making fortunes — alternative investments […]
11,000 Canadians became millionaires last year — here’s the smart investing moves that can help you join them
Canada is seeing a millionaire boom. In 2024, 11,000 Canadians joined the millionaire club, a 2.4% increase from 2023, according to the Capgemini World Wealth Report 2025. That growth was fuelled by an 18.5% surge in the S&P/TSX Composite Index, its best performance since 2021. But it wasn’t just stocks making fortunes — alternative investments […]
Nearly 25% of Gen X workers who’ve been laid off in the last 10 years are still looking for work — and 11% took low-ball offers just to stay employed
Getting laid off later in life can undermine retirement security, according to a Wall Street Journal analysis of Boston College’s 2012 to 2022 Retirement Study. Of Americans aged 50 to 65 — many of whom would be Gen X, born between 1965 and 1980 — 14% were laid off once in the previous 10 years, […]
Americans haven’t been this gloomy about the US job market since pandemic — use these 4 quick tips to protect your savings now
Tumbling confidence in the economy Mark Zandi, chief economist at Moody’s Analytics, says the warning signs of a recession are mounting. Speaking to Newsweek, Zandi, one of the first economists to forecast the 2008 financial crisis, said that the U.S. economy could be in recession by the end of 2025 [3]. "I don’t think the […]
One year on, Calgary’s $3bn hailstorm still has Canada playing catch-up
A year after the second costliest natural disaster in Canadian history, insurers, homeowners and city officials say the country still lacks a unified plan to respond to extreme weather events. On August 5, 2024, massive hailstones pummelled northeast Calgary, causing nearly $3 billion in insured damages. Most of that damage was to homes and vehicles. […]
‘Stupidest idea I’ve ever heard’: Kevin O’Leary rips apart Dave Ramsey’s advice for couples — why he thinks all women should take this one step
Fifteen years ago, just 3% of Americans who were married or engaged had signed a prenup. By 2022, this number had grown to 15% [1]. Must Read Thanks to Jeff Bezos, you can now become a landlord for as little as $100 — and no, you don’t have to deal with tenants or fix freezers. […]
Americans are hoarding more cash — but not in checking or savings accounts. Here’s what they’re doing to put their money to work
We adhere to strict standards of editorial integrity to help you make decisions with confidence. Some or all links contained within this article are paid links. Consumer spending in the U.S. remains strong, even as inflation sits at 2.7% (below the 2.8% forecast) and checking and savings balances shrink. The question is — where’s the […]