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Net worth of millennials has quadrupled: Why some call it ‘phantom wealth’

Net worth of millennials has quadrupled: Why some call it ‘phantom wealth’

Millennials have come a long way since their days of being called lazy or entitled. Despite reaching key milestones later than their parents once did, they are now wealthier than previous generations were at their age. “Younger families in the U.S. made remarkable gains,” according to an analysis of 2022 data by the St. Louis Federal Reserve. Collectively, millennials are now worth about …

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Credit card bills are coming due after a record holiday shopping season

Credit card bills are coming due after a record holiday shopping season

After a season of record holiday spending, here come the bills to pay for it all. Retail sales hit a record $994.1 billion during this past holiday season, which ran from Nov. 1 to Dec. 31, according to the National Retail Federation. And a big chunk of that spending was on borrowed money. According to LendingTree, 36% of Americans took …

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Thousands flee fighting in Congo as rebels claim they’ve captured the key city of Goma

Thousands flee fighting in Congo as rebels claim they’ve captured the key city of Goma

Gunfire rang out early on Monday across parts of Goma, the largest city in eastern Congo, hours after Rwanda-backed rebels said they had seized the city despite the United Nations Security Council’s calling for an end to the offensive. The recent advance by the Rwanda-backed M23 rebel alliance has forced thousands in Congo’s mineral-rich east from their homes and triggered fears that …

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DeepSeek hit with large-scale cyberattack, says it’s limiting registrations

DeepSeek hit with large-scale cyberattack, says it’s limiting registrations

DeepSeek on Monday said it would temporarily limit user registrations “due to large-scale malicious attacks” on its services, though existing users will be able to log in as usual. The Chinese artificial intelligence startup has generated a lot of buzz in recent weeks as a fast-growing rival to OpenAI’s ChatGPT, Google’s Gemini and other leading AI tools. Earlier on Monday, DeepSeek took …

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Earthquake off Maine coast rattles New England

Earthquake off Maine coast rattles New England

An earthquake centered off the coast of Maine rattled the region Monday, causing light to moderate shaking in the state, as well as in parts of Rhode Island, Massachusetts and New Hampshire. The U.S. Geological Survey recorded the quake as a 3.8-magnitude temblor that struck shortly before 10:30 a.m. ET. The epicenter was off the coast of York Harbor, Maine, …

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Florida Republicans upend DeSantis’ Trump-inspired immigration push

Florida Republicans upend DeSantis’ Trump-inspired immigration push

TALLAHASSEE, Fla. — President Donald Trump’s push to quickly overhaul the nation’s immigration system is at the center of a civil war between Republicans in Florida, with Gov. Ron DeSantis facing off against the GOP-dominated state Legislature. DeSantis earlier this month called lawmakers back to Tallahassee for a special legislative session with the explicit purpose of aligning state law with …

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Tech stocks fall as China’s DeepSeek sparks U.S. worries about the AI race

Tech stocks fall as China’s DeepSeek sparks U.S. worries about the AI race

Tech stocks plunged Monday morning, as fears mounted that Chinese artificial intelligence firm DeepSeek leapfrogged U.S. dominance in AI development. The Nasdaq Composite, which tracks the country’s largest tech firms, plunged 3.4% at the opening bell. The Dow fell 180 points and the S&P 500 tumbled nearly 2%. The sell off was sparked by advances claimed by China’s DeepSeek, which …

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More mysterious drone sightings reported in the Northeast after FAA ban lifts

More mysterious drone sightings reported in the Northeast after FAA ban lifts

More mysterious drone sightings have been reported in the Northeast, in a strange surge after the Federal Aviation Administration lifted its temporary flight restrictions following thousands of reported drone sightings late last year. The sightings last year, reported in November and December in New York, New Jersey and other nearby states prompted airport closures, led to arrests and triggered calls …

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Chiefs and Eagles headed for Super Bowl rematch

Chiefs and Eagles headed for Super Bowl rematch

IE 11 is not supported. For an optimal experience visit our site on another browser. After losing NFL bet to Savannah Guthrie, Craig Melvin gets tattoo! 02:19 Now Playing Chiefs and Eagles headed for Super Bowl rematch 02:45 UP NEXT See team spirit shine in TODAY’s nationwide NFL playoff pep rally! 09:53 TODAY co-anchors bet on NFL playoffs: tattoo for …

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