Meet Kyla Scanlon: The viral Gen Z economic commentator taking over TikTok

Despite a decline in mortgage rates over the past nine weeks, a recent gauge indicates that future home sales are turning negative. This shift is largely attributed to buyer hesitance, driven by fears of job loss and economic instability. Understanding these trends is crucial as they reflect broader economic concerns that could impact the housing market and overall financial health.

In Peru, a wave of protests led by Gen Z is challenging President Boluarte's administration, focusing on issues like pensions and corruption. This movement is significant as it highlights the growing discontent among younger generations regarding government accountability and economic stability, potentially reshaping the political landscape in the country.

US equities have shown remarkable resilience over the past five months, achieving one of their best performances since the 1950s despite concerns about the economy and tariffs. As October approaches, investors are bracing for potential turbulence and the upcoming earnings season, which could influence market trends. This situation is significant as it reflects the ongoing uncertainty in the market and the challenges investors face.

Zach Yadegari, a self-taught coder who started programming at just 7 years old, has made waves by creating a $30 million app by the age of 18. Despite his success, he views college as more of a luxurious experience than a necessity, enjoying life at the University of Miami with fellow young millionaires. His story highlights the changing landscape of education and entrepreneurship, showing that traditional paths aren't the only route to success.

The Federal Reserve has released its latest dot plot, providing insights into the future trajectory of interest rates and economic policy. This update is crucial as it reflects the Fed's outlook on inflation and growth, helping investors and policymakers gauge the central bank's direction. Understanding these projections can influence market behavior and economic planning.

Investing.com has released its latest picks for stocks to watch this week, highlighting potential opportunities for investors. This is significant as it provides insights into market trends and helps investors make informed decisions in a fluctuating economy.

The HIRE Act, aimed at boosting employment, may inadvertently harm the IT services sector by imposing new regulations that could increase operational costs for companies. This could lead to reduced hiring and investment in technology, ultimately stifling innovation and growth in a critical industry. Understanding the implications of such legislation is essential for stakeholders to navigate potential challenges.

The recent US government shutdown is seen as a modest setback for the economy, but it raises serious concerns about the credibility of lawmakers. This situation not only disrupts federal services but also undermines public trust in government efficiency. As Congress struggles to reach a consensus, the implications for economic stability and governance are significant, making it a critical issue for citizens and businesses alike.

Argentina's President has promised to address the country's economic challenges, but a new crisis has emerged, complicating these efforts. This situation is critical as it highlights the ongoing struggles of the Argentine economy, marked by high inflation and public discontent. The President's ability to implement effective solutions is now under scrutiny, making it a pivotal moment for the nation's future.

The return of champagne toasts in Singapore signifies a vibrant resurgence in the IPO market, reflecting the country's dynamic economy. As more companies prepare to go public, this trend not only boosts investor confidence but also highlights Singapore's position as a key player in Asia's financial landscape. It's an exciting time for investors and businesses alike, as the renewed activity in IPOs could lead to significant economic growth and opportunities.

Mark Douglas, the CEO of MNTN, recently shared insights on the ongoing discussions surrounding TikTok in the U.S. He emphasized that while concerns about data privacy are valid, the focus should also be on TikTok's revenue generation, particularly through TikTok Shop. This platform allows influencers to monetize their presence, which is crucial for retaining creators. If creators don't see financial benefits, they may leave, impacting the platform's vibrancy and user engagement. Douglas's perspective highlights the need for a balanced view on TikTok's future in the U.S.

Trump's proposed deal for TikTok aims to create a 'safe' version of the app for American users, but it raises questions about whether it will truly sever ties with China's algorithm. This deal could potentially lead to significant financial gains for many involved, making it a noteworthy development in the ongoing discussions about data security and international relations.

Recent reports indicate that frozen meals from Trader Joe’s and Walmart may be linked to a listeria outbreak, raising concerns about food safety. This situation is significant as listeria can cause serious health issues, particularly for vulnerable populations. Consumers are urged to check their freezers and stay informed about any recalls to ensure their safety.

Walmart's CEO has expressed a commitment to maintaining the company's workforce size despite the ongoing changes brought by AI technology. With a workforce of 2.1 million, the retail giant aims to ensure that everyone can adapt and thrive in this evolving landscape. This decision highlights Walmart's focus on stability and support for its employees during a time of significant transformation in the retail sector.

The White House is considering a proposal that could significantly benefit Intel, potentially providing the tech giant with a substantial advantage in the competitive semiconductor market. This move is important as it highlights the government's support for domestic manufacturing and innovation, which could lead to job creation and economic growth.

The President of the UAE recently met with the CEO of OpenAI to explore potential collaborations in artificial intelligence. This meeting highlights the UAE's commitment to advancing technology and innovation, positioning the nation as a leader in the AI sector. Such partnerships could lead to groundbreaking developments that benefit various industries and enhance the UAE's global standing.

This past week saw a positive shift in the stock market, with Apple shares climbing, Electronic Arts experiencing a significant surge, and Intel making a notable comeback. These movements are important as they reflect investor confidence and can influence market trends moving forward.

Leo Gerard, a prominent figure in the labor movement and former president of the United Steelworkers union, has passed away at the age of 78. His leadership was instrumental in advocating for workers' rights and improving conditions in the steel industry. Gerard's legacy is significant as he championed the cause of laborers and fought for fair wages and benefits, making a lasting impact on the union landscape in North America. His death marks a profound loss for the labor community and highlights the ongoing challenges faced by workers today.