Buffett Cash Hoard: Why $397 Billion Sits On The Sidelines

BofA Sees Customer Gas Spending Jump 16%, But Discretionary Spending Holds Up The national average for 87-octane gasoline has remained above the politically sensitive $4-a-gallon level for two straight weeks after the largest monthly jump in AAA data going back two decades. The fuel shock has Wall Street analysts focused on whether surging pump prices will begin crowding out discretionary spending. Bank of America CFO Alastair Borthwick told analysts on a conference call earlier today that the fuel shock at the pump has not undermined overall consumer strength so far, though...

4 In 10 American Teens Are Almost Constantly Online A U.S. jury recently found Meta and YouTube liable in a landmark social media addiction trial, marking a major legal setback for the tech giants. According to the BBC, jurors concluded that the platforms were deliberately designed to be addictive and contributed to harm experienced by a young user. The ruling could open the door to further lawsuits and increased regulatory scrutiny of social media companies. This debate over the impact of social platforms is closely tied to the extent to which young people use them. As Statista's...

House Fails To Pass Resolution Limiting Supreme Court To 9 Justices Authored by Stacy Robinson via The Epoch Times, The House of Representatives rejected a proposed constitutional amendment on Sep. 2 that would fix the number of U.S. Supreme Court justices at nine. Rep. Andy Biggs (R-Ariz.) introduced the joint resolution under suspended rules but failed to garner the necessary two-thirds majority. The vote fell almost entirely along party lines at 212-206; only one Democrat supported the proposed amendment. Biggs's legislation would have added a single sentence to the Constitution: ''The Supreme Court of...