U.S.-based employers announced 1.2 million job cuts in 2025, the highest annual figure since 2020, with tech and warehousing sectors leading.

U.S.-based employers announced 1.2 million job cuts in 2025, the highest annual figure since 2020, with tech and warehousing sectors leading.

Financier Ross Stevens will give $200,000 to each U.S. Olympic and Paralympic athlete, regardless of performance. Half will come 20 years after their first qualifying Olympic appearance or at age 45, whichever comes later. Another $100,000 will be in the form of a guaranteed benefit for their families after they pass away.

More than 42 million Americans hold student loans with around 9 million people currently in default on their education debt. The outstanding debt currently exceeds $1.6 trillion.

Total returns from five of the largest private-credit funds aimed at individual investors declined to an average of about 6.22% in the first nine months of 2025, compared with 8.76% in the same period of 2024 and 11.39% in 2023.

Americans with a net worth of more than $5 million are expected to pass down about $17.3 trillion over the next decade.

Fed officials now see rates falling from their current range of 3.5% to 3.75% by a quarter of a point this year, which would leave rates roughly at “neutral,” neither restricting nor stimulating growth.

The number of operating rigs in the Permian Basin is down 14% over the past year.

In 2025, job creation sputtered, wage growth cooled and the unemployment rate rose. Much of the job creation that took place in 2025 was concentrated in two sectors: education and health services.

Fundraising for U.S. venture-capital firms dropped 35% in 2025, the most anemic stretch in at least six years, with money flowing primarily to the most trusted investment firms as companies stay private longer. The $66 billion raised last year represents a 70% drop from the 2022 record.